First State Bank (Waynesboro, MS)
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Data as of · sourced from FFIEC call reports. How we update
First State Bank is an FDIC-insured commercial bank headquartered in Waynesboro, MS, established in 1934 (FDIC certificate 15663), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $951.5M, up 3.7% from Q2 2025, the 16th largest of 57 banks headquartered in Mississippi. It reports no CET1 ratio; its Tier 1 leverage ratio was 10.67% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 15663
- Headquarters
- Waynesboro, MS
- Established
- 1934
- Total assets, Q2 2026
- $951.5M
- Assets vs Q2 2025
- +3.7%
- Tier 1 leverage ratio, Q2 2026
- 10.67%
- Domestic offices
- 16 FDIC institution directory, current count
- Routing number
- 065304084
- Holding company
- FIRST STATE CORPORATION
- Asset rank in state
- 16th of 57 in Mississippi
First State Bank spends more to run itself than most banks of its size. Its balance sheet stood at $952 million at June 30, 2026, up 3.7% from a year earlier; it is based in Waynesboro, Mississippi. It earns about $0.34 a year on every $100 of assets, a small fraction of the median of $1.28 for the 2,660 banks with $100 million to $1 billion in assets. It also keeps 2.83 cents of net interest income on every dollar of earning assets, lower than about 9 in 10 banks its size (median 3.95 cents).
Loans are outrunning deposits: over the year loans rose 20.0% and deposits rose 0.5%. Its $63 million commercial and industrial book is improving, with 1.61% past due or on nonaccrual, down from 4.53% a year earlier. Costs are the weak spot: it spends about 82 cents to bring in each dollar of revenue, higher than about three-quarters of banks its size (median 61 cents).
As of June 30, 2026, First State Bank reported a return on assets of 0.34%, a nonperforming-loan ratio of 1.18% and a Texas ratio of 10.48%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, First State Bank is the 16th largest of the 57 banks headquartered in Mississippi. Between Q1 2026 and Q2 2026, its total assets rose 0.2% to $951.5M, loans rose 3.0% and deposits fell 2.9%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 25.8% of total loans, followed by non-owner-occupied commercial real estate loans at 20.4%. The FDIC Summary of Deposits lists 16 offices for it, in 10 cities in MS; its Waynesboro 6 offices book 41% of its branch deposits. Judged on its Q2 2026 call report, First State Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 708 Azalea Dr, Waynesboro, MS 39367
- County
- Wayne
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Dallas (Region 13)
- Federal Reserve member
- No
- Federal Reserve district
- District 6, Atlanta
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 051
- Established
- May 1, 1934
- Domestic offices
- 16 FDIC institution directory, current count
- Employees (FTE)
- 185
- Domestic deposits
- $828.0M
- Allowance for credit losses
- $4.7M
- Net charge-offs (YTD)
- $276K
- Average total assets
- $943.6M
- Average total loans
- $529.2M
- Average interest-bearing deposits
- $831.2M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- May 1, 1939
- FDIC Cert
- 15663
- Fed RSSD
- 924236
- Website
- www.firststatebnk.com →
- Parent Holding Company
- FIRST STATE CORPORATION (RSSD 1083587)
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, First State Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
First State Bank's total assets moved between a low of $855.8M (Q3 2023) and a high of $951.5M (Q2 2026) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$951.5M total assets against $917.3M; $860.0M total liabilities against $829.4M.
$527.9M net loans and leases against $439.5M; $828.0M total deposits against $823.5M.
$290.6M securities against $319.6M; $73.0M cash and balances due against $99.3M.
$11.2M total interest income against $10.5M; $4.7M total interest expense against $4.8M.
$6.6M net interest income against $5.7M.
$964K total noninterest income against $1.2M; $6.2M total noninterest expense against $5.5M.
$444K provision for credit losses against $0.
$797K net income against $1.0M.
0.34% return on assets against 0.45%; 2.83% net interest margin against 2.51%.
10.67% tier 1 leverage ratio against 10.92%.
Inside the full First State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
First State Bank rankings
Its closest position to the top of a national ranking is 594 of 3,640, for Texas Ratio; its furthest is 3,375 of 3,611, for ROA.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.12% (Q3 2024) to 0.45% (Q2 2025) and its net interest margin ran from 1.90% (Q3 2024) to 2.83% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.67% | 0.34% | 1.18% | 10.48% | 2.83% |
| Q1 2026 | 10.14% | 0.34% | 1.38% | 11.69% | 2.54% |
| Q4 2025 | 10.77% | 0.39% | 1.27% | 10.73% | 2.77% |
| Q3 2025 | 10.91% | 0.40% | 1.42% | 11.61% | 2.62% |
| Q2 2025 | 10.92% | 0.45% | 1.23% | 10.50% | 2.51% |
| Q1 2025 | 10.34% | 0.32% | 1.23% | 10.98% | 2.30% |
| Q4 2024 | 11.10% | 0.43% | 1.35% | 11.75% | 2.32% |
| Q3 2024 | 11.08% | 0.12% | 1.40% | 10.93% | 1.90% |
Swipe the table sideways to see every column.
Branch Network
View all 16 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| First State Bank (main office) | Waynesboro , MS | 39367 | $339.3M |
| Laurel Branch | Laurel , MS | 39440 | $226.9M |
| Leakesville Branch | Leakesville , MS | 39451 | $72.2M |
| Gateway Branch | Lucedale , MS | 39452 | $66.4M |
| Quitman Branch | Quitman , MS | 39355 | $52.6M |
| South Court Street Branch | Ellisville , MS | 39437 | $32.1M |
| Meridian Clock Tower Branch | Meridian , MS | 39301 | $28.6M |
| State Line Branch | State Line , MS | 39362 | $7.7M |
| Gluckstadt Branch | Madison , MS | 39110 | $2.2M |
| Northside Mini-Bank Branch | Waynesboro , MS | 39367 | $0 |
| Walmart Branch | Waynesboro , MS | 39367 | $0 |
| Mortgage Loan Center Branch | Waynesboro , MS | 39367 | $0 |
| Drive-In Branch | Buckatunna , MS | 39322 | $0 |
| Northeast Motor Bank Branch | Waynesboro , MS | 39367 | $0 |
| Madison Branch | Madison , MS | 39110 | $0 |
| Clara Branch | Waynesboro , MS | 39367 | $0 |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| January 2, 2015 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 1, 2015 | Structure Change | Acquired Bank of Jones County Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| August 15, 1979 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| August 15, 1979 | Structure Change | Acquired Bank of Leakesville Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 4 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 1.0% of deposits in MS, rank 17 of 80 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 188 applications, 163 loans originated, $32.2M originated, across 4 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 4 loans, $1.6M approved, $406K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2024 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about First State Bank
What are First State Bank's total assets?
As of the Q2 2026 filing, First State Bank reported total assets of $951.5 million in its FFIEC call report.
Where is First State Bank headquartered?
It is headquartered in Waynesboro, MS, United States.
When was First State Bank founded?
It was established in 1934, per the FDIC institution directory.
Is First State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #15663). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First State Bank?
First State Bank's primary federal regulator is the FDIC.
How many branches does First State Bank operate?
It operates 16 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is First State Bank's Texas Ratio?
Its Texas Ratio is 10.48% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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