First Exchange Bank in Tiptonville, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 15, 1995

First Exchange Bank in Tiptonville, Tennessee (TN)
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First Exchange Bank - Overview

General
FDIC Certificate #: 8664
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Union Planters Bank of West Tennessee (#10309)
Federal Reserve ID: 592952
Date Established: January 01, 1923
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 8 (Interstate: No)
OTS Docket #: 10281
FDIC's unique #: 5523
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: November 15, 1995
Last Structure Change Process Date: December 14, 1995
Last Data Update: December 14, 1995
Data Source Date: April 05, 2012
Location
Address: 221 Church, Tiptonville, TN 38079
County: Lake
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
Financial Summary
Total assets: $109.1 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$54Total assets
$109,748Cash and due from depository institutions
$5,138Interest-bearing balances
$58Securities
$30,531Federal funds sold & reverse repurchase agreements
$1,275Net loans & leases
$68,825Loan loss allowance
$918Trading account assets
$0Bank premises and fixed assets
$2,438Other real estate owned
$96Goodwill and other intangibles
$1,445Life insurance assets
$0All other assets
$0Total liabilities and capital
$109,748Total liabilities
$102,071Total deposits
$99,523Interest-bearing deposits
$85,653Deposits held in domestic offices
99523.00%% insured (estimated)
$85Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$1,923Subordinated debt
$0All other liabilities
$625Total equity capital
$625Total bank equity capital
$7,677Perpetual preferred stock
$0Common stock
$225Surplus
$2,212Undivided profits
Memoranda
$5,240Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$115Income earned, not collected on loans
$765Earning assets
$100,689Long-term assets (5+ years)
$6,715Average Assets, year-to-date
$106,644Average Assets, quarterly
$107,888Volatile liabilities
$9,594Insider loans
$919FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$4,150Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$7,718Total risk weighted assets
$65,387Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$7,420Total interest expense
$3,200Net interest income
$4,220Provision for loan and lease losses
$90Total noninterest income
$1,023Fiduciary activities
$0Service charges on deposit accounts
$567Trading account gains & fees
$0Additional noninterest income
$456Total noninterest expense
$3,782Salaries and employee benefits
$1,789Premises and equipment expense
$754Additional noninterest expense
$1,239Pre-tax net operating income
$1,371Securities gains (losses)
$28Applicable income taxes
$538Income before extraordinary items
$861Extraordinary gains - net
$0Net income attributable to bank
$861Net charge-offs
$72Cash dividends
$370Sale, 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
7.63%Cost of funding earning assets
3.29%Net interest margin
4.34%Noninterest income to earning assets
1.05%Noninterest expense to earning assets
3.89%Net operating income to assets
0.79%Return on assets (ROA)
0.81%Pretax return on assets
1.31%Return on equity (ROE)
11.45%Retained earnings to average equity (YTD only)
6.53%Net charge-offs to loans
0.10%Credit loss provision to net charge-offs
125.00%Efficiency ratio
72,134Assets per employee
2.03%Cash dividends to net income (YTD only)
Condition Ratios (%)
42.97%Loss allowance to loans
1.32%Loss allowance to noncurrent loans
798.26%Noncurrent assets plus other real estate owned to assets
0.19%Noncurrent loans to loans
0.16%Net loans and leases to deposits
69.15%Net loans and leases to core deposits
76.53%Equity capital to assets
7.00%Core capital (leverage) ratio
7.10%Tier 1 risk-based capital ratio
11.80%Total risk-based capital ratio
Memoranda
$13Average assets
$106,644Average earning assets
$7,519Average equity
$97,247Average loans

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