FDIC Certificate #: 1469 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Merchants and Farmers Bank (#9361) Federal Reserve ID: 389657 Date Established: January 06, 1912 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 13438 FDIC's unique #: 966 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: May 12, 2006 Last Structure Change Process Date: May 17, 2006 Last Data Update: May 17, 2006 Data Source Date: April 05, 2012
Location
Address: Main Street, Bells, TN 38006 County: Crockett Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Memphis Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast
Financial Summary
Total assets: $31.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
13Total employees (full-time equivalent)
$31,852Total assets
$6,152Cash and due from depository institutions
$5,206Interest-bearing balances
$12,167Securities
$3,891Federal funds sold & reverse repurchase agreements
$9,213Net loans & leases
$233Loan loss allowance
$0Trading account assets
$65Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$364All other assets
$31,852Total liabilities and capital
$27,205Total liabilities
$26,996Total deposits
$23,916Interest-bearing deposits
$26,996Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$53Other borrowed funds
$0Subordinated debt
$156All other liabilities
$4,647Total equity capital
$4,647Total bank equity capital
$4,647Perpetual preferred stock
$0Common stock
$200Surplus
$925Undivided profits
Memoranda
$3,522Noncurrent loans and leases
$1,850Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$8Earning assets
$0Long-term assets (5+ years)
$216Average Assets, year-to-date
$30,477Average Assets, quarterly
$3,492Volatile liabilities
$31,991Insider loans
$31,500FHLB advances
$4,400Loans and leases held for sale
$128Unused loan commitments
$53Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,850Total unused commitments
$0Restructured Loans and leases
$181Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$1,574Total interest income
$490Total interest expense
$1,084Net interest income
$0Provision for loan and lease losses
$57Total noninterest income
$0Fiduciary activities
$28Service charges on deposit accounts
$0Trading account gains & fees
$29Additional noninterest income
$875Total noninterest expense
$546Salaries and employee benefits
$104Premises and equipment expense
$225Additional noninterest expense
$266Pre-tax net operating income
$1Securities gains (losses)
$26Applicable income taxes
$241Income before extraordinary items
$0Extraordinary gains - net
$241Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$7Sale, conversion, retirement of capital stock, net
$61Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.12%Yield on earning assets
1.59%Cost of funding earning assets
3.52%Net interest margin
0.19%Noninterest income to earning assets
2.85%Noninterest expense to earning assets
0.75%Net operating income to assets
0.75%Return on assets (ROA)
0.83%Pretax return on assets
5.23%Return on equity (ROE)
3.91%Retained earnings to average equity (YTD only)
-0.06%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
76,687Assets per employee
2.45%Cash dividends to net income (YTD only)
Condition Ratios (%)
25.31%Loss allowance to loans
2.47%Loss allowance to noncurrent loans
2912.50%Noncurrent assets plus other real estate owned to assets
0.03%Noncurrent loans to loans
0.08%Net loans and leases to deposits
34.13%Net loans and leases to core deposits
40.77%Equity capital to assets
14.59%Core capital (leverage) ratio
14.85%Tier 1 risk-based capital ratio
32.66%Total risk-based capital ratio
Memoranda
$34Average assets
$31,991Average earning assets
$4,604Average equity
$30,755Average loans
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