First Commercial Bank, National Association of Memphis in city_name, state_name

First Commercial Bank, National Association of Memphis in Memphis, Tennessee (TN)
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First Commercial Bank, National Association of Memphis - Overview

General
FDIC Certificate #: 32986
Status: Inactive
Closing history: Office Purchased
Acquiring institution: First Commercial Bank, National Association of Memphis (#28910)
Federal Reserve ID: 1468616
Date Established: June 15, 1990
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 9 (Interstate: No)
OTS Docket #: 12368
FDIC's unique #: 46167
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
SAIF Insured: Yes
Oakar Institutions: Yes
State Chartered: No
Date of Deposit Insurance: June 15, 1990
Last Structure Change Effective Date: March 27, 1998
Last Structure Change Process Date: April 14, 1998
Last Data Update: April 14, 1998
Data Source Date: April 05, 2012
Location
Address: 6263 Poplar Avenue, Memphis, TN 38119
County: Shelby
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
Metropolitan Statistical Area (MSA): Memphis, TN-AR-MS (#4920)
Core Based Statistical Area (CBSA): Memphis, TN-MS-AR (#32820)
CBSA Metro Statistical Area: Memphis, TN-MS-AR (#32820)
History of Changes
Merger - Without Assistance
Office Purchased
Financial Summary
Total assets: $401.8 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

Dollar figures in thousands
121Total employees (full-time equivalent)
$401,791Total assets
$22,224Cash and due from depository institutions
$6Interest-bearing balances
$91,070Securities
$975Federal funds sold & reverse repurchase agreements
$275,232Net loans & leases
$9,385Loan loss allowance
$0Trading account assets
$4,203Bank premises and fixed assets
$220Other real estate owned
$598Goodwill and other intangibles
$0Life insurance assets
$7,269All other assets
$401,791Total liabilities and capital
$367,531Total liabilities
$356,891Total deposits
$279,941Interest-bearing deposits
$356,891Deposits held in domestic offices
0.00%% insured (estimated)
$3,560Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,000Other borrowed funds
$0Subordinated debt
$5,080All other liabilities
$34,260Total equity capital
$34,260Total bank equity capital
$34,260Perpetual preferred stock
$0Common stock
$303Surplus
$20,371Undivided profits
Memoranda
$13,586Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$7,832Earning assets
$515Long-term assets (5+ years)
$1,887Average Assets, year-to-date
$367,283Average Assets, quarterly
$44,723Volatile liabilities
$404,807Insider loans
$400,898FHLB advances
$37,588Loans and leases held for sale
$7,417Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$66,404Total unused commitments
$0Restructured Loans and leases
$308,294Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$31,836Total interest income
$14,056Total interest expense
$17,780Net interest income
$1,420Provision for loan and lease losses
$2,965Total noninterest income
$81Fiduciary activities
$2,246Service charges on deposit accounts
$0Trading account gains & fees
$638Additional noninterest income
$12,104Total noninterest expense
$5,406Salaries and employee benefits
$1,735Premises and equipment expense
$4,963Additional noninterest expense
$7,221Pre-tax net operating income
-$1Securities gains (losses)
$2,667Applicable income taxes
$4,553Income before extraordinary items
$0Extraordinary gains - net
$4,553Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$254Sale, conversion, retirement of capital stock, net
$2,740Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.75%Yield on earning assets
3.86%Cost of funding earning assets
4.89%Net interest margin
0.81%Noninterest income to earning assets
3.33%Noninterest expense to earning assets
1.12%Net operating income to assets
1.12%Return on assets (ROA)
1.78%Pretax return on assets
13.97%Return on equity (ROE)
5.56%Retained earnings to average equity (YTD only)
0.09%Net charge-offs to loans
559.06%Credit loss provision to net charge-offs
34.02%Efficiency ratio
57,792Assets per employee
3.32%Cash dividends to net income (YTD only)
Condition Ratios (%)
60.18%Loss allowance to loans
3.30%Loss allowance to noncurrent loans
119.83%Noncurrent assets plus other real estate owned to assets
2.00%Noncurrent loans to loans
2.75%Net loans and leases to deposits
77.12%Net loans and leases to core deposits
84.72%Equity capital to assets
8.53%Core capital (leverage) ratio
8.23%Tier 1 risk-based capital ratio
10.72%Total risk-based capital ratio
Memoranda
$12Average assets
$404,807Average earning assets
$32,587Average equity
$363,871Average loans

First Commercial Bank, National Association of Memphis in Memphis, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Commercial Bank, National Association of Memphis - Overview

Assets and Liabilities (December 31, 1997)

Income and Expense (December 31, 1997)

Performance and Condition Ratios (December 31, 1997)

Comment about this bank, ask questions, or add new information about it:

First Commercial Bank, National Association of Memphis in Memphis, Tennessee (TN)Overview, Financial Summary, Detailed Financial Reports, Branches

First Commercial Bank, National Association of Memphis - Overview

Assets and Liabilities (December 31, 1997)

Income and Expense (December 31, 1997)

Performance and Condition Ratios (December 31, 1997)

Comment about this bank, ask questions, or add new information about it:

First Commercial Bank, National Association of Memphis in Memphis, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches