FDIC Certificate #: 10325 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Farmers and Merchants Bank (#1487) Federal Reserve ID: 507938 Date Established: January 01, 1904 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 6614 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: January 01, 1934 Last Structure Change Effective Date: Febuary 05, 1999 Last Structure Change Process Date: March 01, 1999 Last Data Update: March 01, 1999 Data Source Date: April 05, 2012
Location
Address: Highway 47 (Charles Walton Speight Highway), White Bluff, TN 37187 County: Dickson 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 Metropolitan Statistical Area (MSA): Nashville, TN (#5360) Combined Statistical Area (CSA): Nashville-Davidson-Murfreesboro-Columbia, TN (#400) Core Based Statistical Area (CBSA): Nashville-Davidson-Murfreesboro-Franklin, TN (#34980) CBSA Metro Statistical Area: Nashville-Davidson-Murfreesboro-Franklin, TN (#34980)
Financial Summary
Total assets: $21.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
15Total employees (full-time equivalent)
$21,688Total assets
$794Cash and due from depository institutions
$0Interest-bearing balances
$14,193Securities
$1,250Federal funds sold & reverse repurchase agreements
$4,838Net loans & leases
$236Loan loss allowance
$0Trading account assets
$331Bank premises and fixed assets
$8Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$274All other assets
$21,688Total liabilities and capital
$18,321Total liabilities
$18,005Total deposits
$14,404Interest-bearing deposits
$18,005Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$316All other liabilities
$3,367Total equity capital
$3,367Total bank equity capital
$3,367Perpetual preferred stock
$0Common stock
$300Surplus
$300Undivided profits
Memoranda
$2,767Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$159Earning assets
$0Long-term assets (5+ years)
$35Average Assets, year-to-date
$20,281Average Assets, quarterly
$7,288Volatile liabilities
$20,628Insider loans
$21,428FHLB advances
$1,421Loans and leases held for sale
$18Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$124Total unused commitments
$0Restructured Loans and leases
$7,276Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$1,421Total interest income
$566Total interest expense
$855Net interest income
$0Provision for loan and lease losses
$154Total noninterest income
$0Fiduciary activities
$103Service charges on deposit accounts
$0Trading account gains & fees
$51Additional noninterest income
$648Total noninterest expense
$364Salaries and employee benefits
$83Premises and equipment expense
$201Additional noninterest expense
$361Pre-tax net operating income
$16Securities gains (losses)
$69Applicable income taxes
$308Income before extraordinary items
$0Extraordinary gains - net
$308Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$4Sale, conversion, retirement of capital stock, net
$210Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.39%Yield on earning assets
2.94%Cost of funding earning assets
4.44%Net interest margin
0.80%Noninterest income to earning assets
3.37%Noninterest expense to earning assets
1.43%Net operating income to assets
1.49%Return on assets (ROA)
1.83%Pretax return on assets
9.30%Return on equity (ROE)
2.96%Retained earnings to average equity (YTD only)
0.08%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
90.25%Efficiency ratio
64,222Assets per employee
1.45%Cash dividends to net income (YTD only)
Condition Ratios (%)
68.18%Loss allowance to loans
4.65%Loss allowance to noncurrent loans
148.43%Noncurrent assets plus other real estate owned to assets
0.77%Noncurrent loans to loans
3.13%Net loans and leases to deposits
26.87%Net loans and leases to core deposits
29.17%Equity capital to assets
15.52%Core capital (leverage) ratio
15.28%Tier 1 risk-based capital ratio
44.16%Total risk-based capital ratio
Memoranda
$45Average assets
$20,628Average earning assets
$3,313Average equity
$19,239Average loans
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