FDIC Certificate #: 8661 Status: Active Federal Reserve ID: 524757 Bank Holding Company (Regulatory Top Holder): Townsend Financial Corporation (RSSDID: 1095807, Location: Parsons, TN) Date Established: March 09, 1907 WWW:http://www.farmers-bank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 12373 FDIC's unique #: 5521 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: All Other Specialization < 1 Billion Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: September 08, 2008 Last Structure Change Process Date: September 09, 2008 Last Data Update: September 09, 2008 Data Source Date: April 05, 2012
Location
Address: 29 East Main Street, Parsons, TN 38363 County: Decatur 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
History of Changes
Change in Location
Financial Summary
Total assets: $36.7 mil Equity capital: $4.2 mil Deposits held in domestic offices: $32.3 mil Return on assets (ROA): 0.48% ($0.2 mil) Quarterly return on assets: 0.41% ($0.2 mil) Return on Equity (ROE): 4.26% ($0.2 mil) Quarterly return on equity: 3.57% ($0.1 mil) Net income: $0.2 mil Quarterly Net income: $0.0 mil Pretax return on assets: 0.64% ($234.6 mil) Quarterly Pretax return on assets: 0.72% ($263.9 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
18Total employees (full-time equivalent)
$36,658Total assets
$7,175Cash and due from depository institutions
$5,500Interest-bearing balances
$5,086Securities
$3,840Federal funds sold & reverse repurchase agreements
$19,089Net loans & leases
$355Loan loss allowance
$0Trading account assets
$665Bank premises and fixed assets
$107Other real estate owned
$0Goodwill and other intangibles
$36,658Life insurance assets
$696All other assets
$32,500Total liabilities and capital
$32,250Total liabilities
$25,662Total deposits
$32,250Interest-bearing deposits
$92Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$17Trading liabilities
$0Other borrowed funds
$233Subordinated debt
$4,158All other liabilities
$4,158Total equity capital
$4,158Total bank equity capital
$0Perpetual preferred stock
$428Common stock
$428Surplus
$3,302Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$184Income earned, not collected on loans
$0Earning assets
$167Long-term assets (5+ years)
$33,515Average Assets, year-to-date
$8,059Average Assets, quarterly
$37,013Volatile liabilities
$36,324Insider loans
$17,806FHLB advances
$35,861Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$4,030Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$51Restructured Loans and leases
$3Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,723Total interest income
$329Total interest expense
$1,394Net interest income
$60Provision for loan and lease losses
$164Total noninterest income
$0Fiduciary activities
$123Service charges on deposit accounts
$0Trading account gains & fees
$41Additional noninterest income
$1,261Total noninterest expense
$696Salaries and employee benefits
$245Premises and equipment expense
$320Additional noninterest expense
$237Pre-tax net operating income
$0Securities gains (losses)
$58Applicable income taxes
$179Income before extraordinary items
$0Extraordinary gains - net
$179Net income attributable to bank
$0Net charge-offs
$179Cash dividends
$74Sale, conversion, retirement of capital stock, net
$250Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.06%Yield on earning assets
0.97%Cost of funding earning assets
4.09%Net interest margin
0.48%Noninterest income to earning assets
3.70%Noninterest expense to earning assets
0.48%Net operating income to assets
0.48%Return on assets (ROA)
0.64%Pretax return on assets
4.26%Return on equity (ROE)
-1.69%Retained earnings to average equity (YTD only)
0.37%Net charge-offs to loans
81.08%Credit loss provision to net charge-offs
4.01%Efficiency ratio
80,937Assets per employee
2.04%Cash dividends to net income (YTD only)
Condition Ratios (%)
139.66%Loss allowance to loans
1.83%Loss allowance to noncurrent loans
192.93%Noncurrent assets plus other real estate owned to assets
0.79%Noncurrent loans to loans
0.95%Net loans and leases to deposits
59.19%Net loans and leases to core deposits
62.00%Equity capital to assets
11.34%Core capital (leverage) ratio
11.24%Tier 1 risk-based capital ratio
22.63%Total risk-based capital ratio
Memoranda
$24Average assets
$37,013Average earning assets
$4,207Average equity
$34,049Average loans
List of branches
1 Tennessee Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
5521
Farmers Bank
29 East Main Street, Parsons, TN 38363
March 09, 1907
Full Service Brick and Mortar
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