SUMMARY OF ORGANIZATION	6 Months Ended
Jun. 30, 2021
SUMMARY OF ORGANIZATION
SUMMARY OF ORGANIZATION	NOTE 2 – SUMMARY OF ORGANIZATION The First Bancshares, Inc., Hattiesburg, Mississippi (the “Company”), was incorporated June 23, 1995, under the laws of the State of Mississippi for the purpose of operating as a bank holding company. The Company’s primary asset is its interest in its wholly-owned subsidiary, The First, A National Banking Association (the “Bank” or “The First”). At June 30, 2021, the Company had approximately $5.510 billion in assets, $3.004 billion in net loans held for investment (“LHFI”), $4.674 billion in deposits, and $660.1 million in shareholders’ equity. For the six months ended June 30, 2021, the Company reported net income of $32.2 million. On February 25, 2021, the Company paid a cash dividend in the amount of $0.13 per share to shareholders of record as of the close of business on February 10, 2021. On May 21, 2021, the Company paid a cash dividend in the amount of $0.14 per share to shareholders of record as of the close of business on May 10, 2021. On July 15, 2021, the Company announced that its Board of Directors declared a cash dividend of $0.15 per share to be paid on its common stock on August 25, 2021 to shareholders of record as of the close of business on August 10, 2021.

SUMMARY OF ORGANIZATION

6 Months Ended

Jun. 30, 2021

NOTE 2 – SUMMARY OF ORGANIZATION

The First Bancshares, Inc., Hattiesburg, Mississippi (the “Company”), was incorporated June 23, 1995, under the laws of the State of Mississippi for the purpose of operating as a bank holding company. The Company’s primary asset is its interest in its wholly-owned subsidiary, The First, A National Banking Association (the “Bank” or “The First”).

At June 30, 2021, the Company had approximately $5.510 billion in assets, $3.004 billion in net loans held for investment (“LHFI”), $4.674 billion in deposits, and $660.1 million in shareholders’ equity. For the six months ended June 30, 2021, the Company reported net income of $32.2 million.

On February 25, 2021, the Company paid a cash dividend in the amount of $0.13 per share to shareholders of record as of the close of business on February 10, 2021. On May 21, 2021, the Company paid a cash dividend in the amount of $0.14 per share to shareholders of record as of the close of business on May 10, 2021. On July 15, 2021, the Company announced that its Board of Directors declared a cash dividend of $0.15 per share to be paid on its common stock on August 25, 2021 to shareholders of record as of the close of business on August 10, 2021.