FDIC Certificate #: 19869 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:U.S. Bank National Association (#6548) Federal Reserve ID: 230535 Bank Holding Company (Regulatory Top Holder): Bankeast Corporation (RSSDID: 3234600, Location: Knoxville, TN) Date Established: November 23, 1968 WWW:http://www.bankeast.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 10 (Domestic: 10, Interstate: No) FDIC's unique #: 13657 Numeric code: 13 Regulator: FED Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: November 23, 1968 Last Structure Change Effective Date: January 27, 2012 Last Structure Change Process Date: January 30, 2012 Last Data Update: January 30, 2012 Data Source Date: April 05, 2012
Location
Address: 607 Market Street, Knoxville, TN 37902 County: Knox Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Knoxville Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Knoxville, TN (#3840) Combined Statistical Area (CSA): Knoxville-Sevierville-La Follette, TN (#314) Core Based Statistical Area (CBSA): Knoxville, TN (#28940) CBSA Metro Statistical Area: Knoxville, TN (#28940)
Financial Summary
Total assets: $261.9 mil Equity capital: $1.0 mil Deposits held in domestic offices: $259.6 mil Return on assets (ROA): -2.12% (-$5.6 mil) Quarterly return on assets: -2.05% (-$5.4 mil) Return on Equity (ROE): -127.20% (-$1.3 mil) Quarterly return on equity: -318.47% (-$3.2 mil) Net income: -$5.8 mil Quarterly Net income: -$1.4 mil Pretax return on assets: -2.12% (-$5,553.3 mil) Quarterly Pretax return on assets: -2.05% (-$5,369.9 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2011)
Dollar figures in thousands
79Total employees (full-time equivalent)
$261,947Total assets
$30,588Cash and due from depository institutions
$24,135Interest-bearing balances
$14,594Securities
$408Federal funds sold & reverse repurchase agreements
$171,555Net loans & leases
$9,268Loan loss allowance
$0Trading account assets
$34,785Bank premises and fixed assets
$4,645Other real estate owned
$0Goodwill and other intangibles
$261,947Life insurance assets
$5,372All other assets
$260,926Total liabilities and capital
$259,571Total liabilities
$231,605Total deposits
$259,571Interest-bearing deposits
$96Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$1,355Subordinated debt
$1,021All other liabilities
$1,021Total equity capital
$1,021Total bank equity capital
$0Perpetual preferred stock
$1,000Common stock
$46,155Surplus
$-46,134Undivided profits
Memoranda
$0Noncurrent loans and leases
$2,601Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$31,546Income earned, not collected on loans
$0Earning assets
$707Long-term assets (5+ years)
$210,692Average Assets, year-to-date
$14,622Average Assets, quarterly
$274,925Volatile liabilities
$267,289Insider loans
$206,723FHLB advances
$261,783Loans and leases held for sale
$2,673Unused loan commitments
$2,673Tier 1 (core) risk-based capital
$922Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$31,905Restructured Loans and leases
$10,016Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$10,065Total interest income
$2,642Total interest expense
$7,423Net interest income
$2,881Provision for loan and lease losses
$2,189Total noninterest income
$0Fiduciary activities
$364Service charges on deposit accounts
$0Trading account gains & fees
$1,825Additional noninterest income
$12,917Total noninterest expense
$4,825Salaries and employee benefits
$2,850Premises and equipment expense
$5,242Additional noninterest expense
-$6,186Pre-tax net operating income
$349Securities gains (losses)
$0Applicable income taxes
-$5,837Income before extraordinary items
$0Extraordinary gains - net
-$5,837Net income attributable to bank
$0Net charge-offs
-$5,837Cash dividends
$1,418Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.47%Yield on earning assets
1.17%Cost of funding earning assets
3.29%Net interest margin
0.97%Noninterest income to earning assets
5.73%Noninterest expense to earning assets
-2.25%Net operating income to assets
-2.12%Return on assets (ROA)
-2.12%Pretax return on assets
-127.20%Return on equity (ROE)
-127.20%Retained earnings to average equity (YTD only)
0.74%Net charge-offs to loans
203.17%Credit loss provision to net charge-offs
-2.33%Efficiency ratio
134,384Assets per employee
3.32%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
5.13%Loss allowance to noncurrent loans
29.38%Noncurrent assets plus other real estate owned to assets
13.82%Noncurrent loans to loans
17.45%Net loans and leases to deposits
66.09%Net loans and leases to core deposits
67.78%Equity capital to assets
0.39%Core capital (leverage) ratio
0.35%Tier 1 risk-based capital ratio
0.45%Total risk-based capital ratio
Memoranda
$1Average assets
$274,925Average earning assets
$4,589Average equity
$225,281Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with BankEast.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: