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

This bank is inactive as of January 01, 1993

First National Bank of Selmer in Selmer, Tennessee (TN)
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First National Bank of Selmer - Overview

General
FDIC Certificate #: 19598
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Volunteer Bank (#9958)
Federal Reserve ID: 500153
Date Established: June 11, 1966
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 2 (Interstate: No)
FDIC's unique #: 13397
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: June 11, 1966
Last Structure Change Effective Date: January 01, 1993
Last Structure Change Process Date: January 26, 1993
Last Data Update: January 26, 1993
Data Source Date: April 05, 2012
Location
Address: 515 East Mulberry Avenue, Selmer, TN 38375
County: Mcnairy
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: $42.3 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$21Total assets
$42,328Cash and due from depository institutions
$1,336Interest-bearing balances
$0Securities
$7,177Federal funds sold & reverse repurchase agreements
$2,100Net loans & leases
$30,953Loan loss allowance
$405Trading account assets
$0Bank premises and fixed assets
$318Other real estate owned
$0Goodwill and other intangibles
$444Life insurance assets
$0All other assets
$0Total liabilities and capital
$42,328Total liabilities
$38,150Total deposits
$37,823Interest-bearing deposits
$33,631Deposits held in domestic offices
37823.00%% insured (estimated)
$97Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$327Total equity capital
$327Total bank equity capital
$4,178Perpetual preferred stock
$0Common stock
$150Surplus
$650Undivided profits
Memoranda
$3,378Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$255Income earned, not collected on loans
$307Earning assets
$40,230Long-term assets (5+ years)
$2,379Average Assets, year-to-date
$42,564Average Assets, quarterly
$42,507Volatile liabilities
$4,488Insider loans
$29FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,178Total risk weighted assets
$28,036Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$3,943Total interest expense
$1,575Net interest income
$2,368Provision for loan and lease losses
$295Total noninterest income
$218Fiduciary activities
$0Service charges on deposit accounts
$180Trading account gains & fees
$0Additional noninterest income
$38Total noninterest expense
$1,225Salaries and employee benefits
$569Premises and equipment expense
$105Additional noninterest expense
$551Pre-tax net operating income
$1,066Securities gains (losses)
-$26Applicable income taxes
$287Income before extraordinary items
$753Extraordinary gains - net
$0Net income attributable to bank
$753Net charge-offs
$326Cash dividends
$251Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
9.72%Cost of funding earning assets
3.88%Net interest margin
5.84%Noninterest income to earning assets
0.54%Noninterest expense to earning assets
3.02%Net operating income to assets
1.81%Return on assets (ROA)
1.77%Pretax return on assets
2.44%Return on equity (ROE)
19.02%Retained earnings to average equity (YTD only)
12.68%Net charge-offs to loans
1.04%Credit loss provision to net charge-offs
90.49%Efficiency ratio
47,370Assets per employee
2.02%Cash dividends to net income (YTD only)
Condition Ratios (%)
33.33%Loss allowance to loans
1.29%Loss allowance to noncurrent loans
158.82%Noncurrent assets plus other real estate owned to assets
0.60%Noncurrent loans to loans
0.81%Net loans and leases to deposits
81.84%Net loans and leases to core deposits
92.85%Equity capital to assets
9.87%Core capital (leverage) ratio
9.73%Tier 1 risk-based capital ratio
14.90%Total risk-based capital ratio
Memoranda
$16Average assets
$42,564Average earning assets
$3,958Average equity
$40,550Average loans

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