Erin Bank & Trust Company in Erin, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 01, 1995

Erin Bank & Trust Company in Erin, Tennessee (TN)
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Erin Bank & Trust Company - Overview

General
FDIC Certificate #: 14035
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Union Planters Bank of North Central Tennessee (#15413)
Federal Reserve ID: 646239
Date Established: March 06, 1934
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
OTS Docket #: 11842
FDIC's unique #: 8774
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: March 10, 1934
Last Structure Change Effective Date: May 01, 1995
Last Structure Change Process Date: May 22, 1995
Last Data Update: May 22, 1995
Data Source Date: April 05, 2012
Location
Address: Main And Spring Streets, Erin, TN 37061
County: Houston
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Nashville
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Financial Summary
Total assets: $36.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$13Total assets
$37,346Cash and due from depository institutions
$1,661Interest-bearing balances
$0Securities
$17,933Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$14,823Loan loss allowance
$372Trading account assets
$0Bank premises and fixed assets
$479Other real estate owned
$5Goodwill and other intangibles
$479Life insurance assets
$1,966All other assets
$0Total liabilities and capital
$37,346Total liabilities
$33,157Total deposits
$32,555Interest-bearing deposits
$26,931Deposits held in domestic offices
32555.00%% insured (estimated)
$91Federal funds purchased & repurchase agreements
$200Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$402Total equity capital
$402Total bank equity capital
$4,189Perpetual preferred stock
$0Common stock
$50Surplus
$3,884Undivided profits
Memoranda
$255Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$115Income earned, not collected on loans
$105Earning assets
$32,756Long-term assets (5+ years)
$3,671Average Assets, year-to-date
$39,011Average Assets, quarterly
$37,577Volatile liabilities
$1,815Insider loans
$98FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$470Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,329Total risk weighted assets
$16,138Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$2,444Total interest expense
$916Net interest income
$1,528Provision for loan and lease losses
$0Total noninterest income
$204Fiduciary activities
$0Service charges on deposit accounts
$154Trading account gains & fees
$0Additional noninterest income
$50Total noninterest expense
$1,145Salaries and employee benefits
$563Premises and equipment expense
$82Additional noninterest expense
$500Pre-tax net operating income
$587Securities gains (losses)
$0Applicable income taxes
$226Income before extraordinary items
$361Extraordinary gains - net
$0Net income attributable to bank
$361Net charge-offs
$83Cash dividends
$680Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.14%Cost of funding earning assets
2.68%Net interest margin
4.47%Noninterest income to earning assets
0.60%Noninterest expense to earning assets
3.35%Net operating income to assets
0.93%Return on assets (ROA)
0.93%Pretax return on assets
1.50%Return on equity (ROE)
8.16%Retained earnings to average equity (YTD only)
-7.21%Net charge-offs to loans
0.58%Credit loss provision to net charge-offs
0.00%Efficiency ratio
57,621Assets per employee
2.87%Cash dividends to net income (YTD only)
Condition Ratios (%)
188.37%Loss allowance to loans
2.45%Loss allowance to noncurrent loans
323.48%Noncurrent assets plus other real estate owned to assets
0.32%Noncurrent loans to loans
0.76%Net loans and leases to deposits
45.53%Net loans and leases to core deposits
47.91%Equity capital to assets
11.22%Core capital (leverage) ratio
6.45%Tier 1 risk-based capital ratio
14.43%Total risk-based capital ratio
Memoranda
$16Average assets
$39,011Average earning assets
$4,426Average equity
$34,210Average loans

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