FDIC Certificate #: 34399 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Farmer's and Merchants Bank (#8439) Federal Reserve ID: 2558185 Date Established: March 24, 1997 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 57162 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: March 24, 1997 Last Structure Change Effective Date: August 24, 2007 Last Structure Change Process Date: August 27, 2007 Last Data Update: August 27, 2007 Data Source Date: April 05, 2012
Location
Address: 100 West Armory, Trenton, TN 38382 County: Gibson 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 Combined Statistical Area (CSA): Jackson-Humboldt, TN (#297) Core Based Statistical Area (CBSA): Humboldt, TN (#26480) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $29.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
13Total employees (full-time equivalent)
$30,466Total assets
$4,151Cash and due from depository institutions
$86Interest-bearing balances
$3,030Securities
$3,000Federal funds sold & reverse repurchase agreements
$17,065Net loans & leases
$272Loan loss allowance
$0Trading account assets
$1,837Bank premises and fixed assets
$25Other real estate owned
$828Goodwill and other intangibles
$0Life insurance assets
$530All other assets
$30,466Total liabilities and capital
$26,172Total liabilities
$25,583Total deposits
$23,318Interest-bearing deposits
$25,583Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$351Other borrowed funds
$0Subordinated debt
$238All other liabilities
$4,294Total equity capital
$4,294Total bank equity capital
$4,294Perpetual preferred stock
$0Common stock
$1,749Surplus
$2,807Undivided profits
Memoranda
$-262Noncurrent loans and leases
$2,129Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$95Earning assets
$0Long-term assets (5+ years)
$246Average Assets, year-to-date
$23,181Average Assets, quarterly
$476Volatile liabilities
$29,255Insider loans
$30,172FHLB advances
$6,798Loans and leases held for sale
$0Unused loan commitments
$351Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,129Total unused commitments
$0Restructured Loans and leases
$244Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$1,973Total interest income
$754Total interest expense
$1,219Net interest income
$100Provision for loan and lease losses
$301Total noninterest income
$0Fiduciary activities
$237Service charges on deposit accounts
$0Trading account gains & fees
$64Additional noninterest income
$1,143Total noninterest expense
$529Salaries and employee benefits
$219Premises and equipment expense
$395Additional noninterest expense
$277Pre-tax net operating income
-$2Securities gains (losses)
-$185Applicable income taxes
$460Income before extraordinary items
$0Extraordinary gains - net
$460Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$148Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.89%Yield on earning assets
3.02%Cost of funding earning assets
4.88%Net interest margin
1.20%Noninterest income to earning assets
4.57%Noninterest expense to earning assets
1.58%Net operating income to assets
1.57%Return on assets (ROA)
0.94%Pretax return on assets
13.94%Return on equity (ROE)
13.94%Retained earnings to average equity (YTD only)
0.78%Net charge-offs to loans
67.57%Credit loss provision to net charge-offs
2.55%Efficiency ratio
72,303Assets per employee
2.34%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.57%Loss allowance to noncurrent loans
286.32%Noncurrent assets plus other real estate owned to assets
0.39%Noncurrent loans to loans
0.55%Net loans and leases to deposits
66.70%Net loans and leases to core deposits
90.84%Equity capital to assets
14.09%Core capital (leverage) ratio
12.23%Tier 1 risk-based capital ratio
18.09%Total risk-based capital ratio
Memoranda
$19Average assets
$29,255Average earning assets
$3,300Average equity
$25,001Average loans
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