FIRST BANCSHARES INC /MS/ - FORM 8-K/A - EX-99.3 - EXHIBIT 99.3

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EX-99.4 - EXHIBIT 99.4 - FIRST BANCSHARES INC /MS/	tm201621d1_99-4.htm
EX-99.2 - EXHIBIT 99.2 - FIRST BANCSHARES INC /MS/	tm201621d1_99-2.htm
EX-23.1 - EXHIBIT 23.1 - FIRST BANCSHARES INC /MS/	tm201621d1_23-1.htm
8-K/A - FORM 8-K/A - FIRST BANCSHARES INC /MS/	tm201621-1_8ka.htm

Exhibit 99.3

FIRST FLORIDA BANCORP
CONSOLIDATED BALANCE SHEET
June 30, 2019 and 2018

	06/30/19			6/30/18
ASSETS
Cash and due froms	$	1,213,655		$	2,694,476
Fed funds sold		3,000,000			3,000,000
Interest-bearing deposits		52,543,852			67,313,636
Cash & Cash Equivalents		56,757,507			73,008,112
Securities available-for-sale		81,342,904			66,303,014
Securities held-to-maturity		50,783,282			52,385,210
Loans receivable		254,403,640			229,824,262
Allowance for loan losses		(3,454,720	)		(3,213,879	)
Accrued interest receivable		1,702,643			1,506,263
Premises and equipment, net		5,828,979			5,759,116
Other		4,062,363			4,461,449

Total Assets	$	451,426,598		$	430,033,547

LIABILITIES & STOCKHOLDERS' EQUITY

Liabilities:
Noninterest bearing deposits	$	104,913,887		$	102,754,229
Interest bearing deposits		282,118,303			274,770,358
Total deposits		387,032,190			377,524,587

Short-term borrowings		10,000,000			5,000,000
Long-term borrowings		5,697,409			6,364,347
Other liabilities		973,490			613,984
Total Liabilities		403,703,089			389,502,918

Stockholders' Equity:

Common stock		639,581			638,831
Additional paid-in capital		31,635,463			31,584,402
Retained earnings		16,115,355			11,252,554
Other comprehensive loss		(666,890	)		(2,945,158	)
Total Equity		47,723,509			40,530,629

Total Liabilities and Stockholders' Equity	$	451,426,598		$	430,033,547

FIRST FLORIDA BANCORP
CONSOLIDATED INCOME STATEMENT
For the Six Months Ended June 30, 2019 and 2018

		06/30/19		6/30/18
ASSETS
Interest and fees on loans	$	7,848,046	$	6,824,538
Interest and dividend on securities		1,472,100		1,471,891
Other interest income		654,104		435,024
Total interest income		9,974,250		8,731,453

Interest on deposits		2,258,731		1,477,596
Other interest expense		216,825		138,775
Total interest expense		2,475,556		1,616,371

Net interest expense		7,498,694		7,115,082
Provision for loan losses		-		150,000
Net interest expense		7,498,694		6,965,082

Total noninterest income		1,932,498		2,000,902
Total noninterest expense		5,934,084		5,484,845
Net income before taxes		3,497,108		3,481,139
Provision for income taxes		844,000		832,473
Net income	$	2,653,108	$	2,648,666

FIRST FLORIDA BANCORP
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
For the Six Months Ended June 30, 2019 and 2018

	6/30/19		6/30/18
Net income	$	2,653,108	$	2,648,666

Unrealized gains (losses) on securities available-for-sale		1,882,535		(1,153,068	)

Accretion of unrealized loss related to transferred securities		37,291		34,320
Other comprehensive income (loss)		1,919,826		(1,118,748	)

Total Comprehensive Income	$	4,572,934	$	1,529,918

FIRST FLORIDA BANCORP
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
For the Six Months Ended June 30, 2019 and 2018

							Accumulated
			Additional				Other
	Common		Paid-in		Retained		Comprehensive
	Stock		Capital		Earnings		Loss			Total
Balance, 12/31/17	$	638,831	$	31,582,312	$	8,603,888	$	(1,826,410	)	$	38,998,621

Net income						2,648,666					2,648,666

Other comprehensive loss								(1,118,748	)		(1,118,748	)

Stock-based compensation		-		2,090		-		-			2,090

Balance, June 30, 2018	$	638,831	$	31,584,402	$	11,252,554	$	(2,945,158	)	$	40,530,629


Balance, 12/31/18	$	639,581	$	31,635,463	$	13,462,247	$	(2,586,716	)	$	43,150,575

Net income						2,653,108					2,653,108

Other comprehensive income		-		-		-		1,919,826			1,919,826

Balance, June 30, 2019	$	639,581	$	31,635,463	$	16,115,355	$	(666,890	)	$	47,723,509

First Florida Bancorp, Inc.
Unaudited Condensed Statement of Cash Flows
For the Six Months Ended June 30, 2019 and 2018

	06/30/19			06/30/18
Cash Flows From Operating Activities:
Net income	$	2,653,108		$	2,648,666
Adjustments to reconcile net income to net cash provided by operating activities –
Depreciation		310,305			284,770
Stock-based compensation		-			2,090
Provision for loan losses		-			150,000
Net amortization of securities		498,446			437,801
Net changes in –
Accrued interest receivable		(84,975	)		(18,818	)
Other assets		(496,206	)		(449,590	)
Accrued interest payable and other liabilities		165,936			148,295
Net cash provided by operating activities		3,046,614			3,203,214

Cash Flows From Investing Activities:
Purchases of securities		(19,500,303	)		-
Proceeds from sales and maturities of securities		3,162,411			3,812,002
Net increase in loans		(28,829,198	)		(21,549,404	)
Purchase of premises and equipment		(313,552	)		(139,217	)
Net cash used in investing activities		(45,480,642	)		(17,876,619	)

Cash Flows From Financing Activities:
Net increase in noninterest bearing deposits		16,026,084			8,884,144
Net increase in interest bearing deposits		15,393,753			24,167,251
Net change in short-term debt		5,000,000			5,000,000
Repayments on long-term debt		(337,023	)		(348,059	)
Net cash provided by (used in) financing activities		36,082,814			37,703,336

Net Change in Cash and Cash Equivalents		(6,351,214	)		23,029,931
Cash and Cash Equivalents at Beginning of Period		63,108,721			49,978,181
Cash and Cash Equivalents at End of Period	$	56,757,507		$	73,008,112

FIRST BANCSHARES INC /MS/ - FORM 8-K/A - EX-99.3 - EXHIBIT 99.3 - January 9, 2020