The First, A National Banking Association (FBMS) 2023年年度报告「NASDAQ」.pdf

1、 _,1-AL RE.P.0 LETTER FROM THE PRESIDENT&CEO Since our founding in 1996,The First has aspired to be a bank that supports the communities it serves by building sustainable,long-term relationships with clients in those communities.Our strategy for accomplishing this vision has been to grow our franchi

2、se and build shareholder value by expanding into markets with above-average demographic profiles for income and population growth.Now,over 28 years later,that dream has grown to a nearly$8 billion asset,multi-state financial institution with operations spanning Mississippi,Louisiana,Alabama,Florida

3、and Georgia.To achieve our strategic vision for growth,we have grown both organically and by opening new markets through acquiring banks and attracting talented local community bankers.Over the years,our focus has remained steadfast on continuing to maintain public confidence by managing a safe and

4、sound bank,meeting the financial needs of our customers with quality financial products and services,and investing in the communities we serve by fostering economic growth with particular emphasis on the underserved markets within our franchise area.Our bank periodically examines our operational eff

5、iciency to ensure we are operating as efficiently and cost effectively as possible.In our companys history,we have had several inflection points when we have focused internally to ensure our support areas were properly structured in terms of processes,procedures,technology and staffing to manage the

6、 next strategic growth goal.These inflection points have occurred at$500 million,$1 billion,$5 billion and now at nearly$8 billion as we begin to prepare for future growth in asset size.Our growth has been disciplined and methodical based on the companys execution of a strategic plan adopted by our