FDIC Certificate #: 2383 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:The Farmers Bank of Lynchburg (#1690) Federal Reserve ID: 678931 Date Established: October 03, 1931 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 1569 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: October 30, 2009 Last Structure Change Process Date: November 24, 2009 Last Data Update: November 24, 2009 Data Source Date: April 05, 2012
Location
Address: 118 S. Horton Pkwy,, Chapel Hill, TN 37034 County: Marshall 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 Core Based Statistical Area (CBSA): Lewisburg, TN (#30280) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $49.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)
Dollar figures in thousands
13Total employees (full-time equivalent)
$56,382Total assets
$9,037Cash and due from depository institutions
$7,068Interest-bearing balances
$11,006Securities
$456Federal funds sold & reverse repurchase agreements
$32,988Net loans & leases
$339Loan loss allowance
$0Trading account assets
$1,587Bank premises and fixed assets
$199Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,109All other assets
$56,382Total liabilities and capital
$51,094Total liabilities
$50,774Total deposits
$45,629Interest-bearing deposits
$50,774Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$320All other liabilities
$5,288Total equity capital
$5,288Total bank equity capital
$5,288Perpetual preferred stock
$0Common stock
$400Surplus
$400Undivided profits
Memoranda
$4,488Noncurrent loans and leases
$2,120Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$320Earning assets
$0Long-term assets (5+ years)
$362Average Assets, year-to-date
$51,518Average Assets, quarterly
$29,208Volatile liabilities
$54,597Insider loans
$55,356FHLB advances
$13,100Loans and leases held for sale
$380Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,120Total unused commitments
$0Restructured Loans and leases
$339Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$3,342Total interest income
$1,630Total interest expense
$1,712Net interest income
$70Provision for loan and lease losses
$260Total noninterest income
$25Fiduciary activities
$164Service charges on deposit accounts
$0Trading account gains & fees
$71Additional noninterest income
$1,383Total noninterest expense
$776Salaries and employee benefits
$162Premises and equipment expense
$445Additional noninterest expense
$519Pre-tax net operating income
-$1,367Securities gains (losses)
-$420Applicable income taxes
-$428Income before extraordinary items
$0Extraordinary gains - net
-$428Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$49Sale, conversion, retirement of capital stock, net
$220Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.64%Yield on earning assets
3.24%Cost of funding earning assets
3.40%Net interest margin
0.52%Noninterest income to earning assets
2.75%Noninterest expense to earning assets
0.82%Net operating income to assets
-0.78%Return on assets (ROA)
-1.55%Pretax return on assets
-7.56%Return on equity (ROE)
-11.45%Retained earnings to average equity (YTD only)
0.15%Net charge-offs to loans
142.86%Credit loss provision to net charge-offs
12.02%Efficiency ratio
70,132Assets per employee
4.34%Cash dividends to net income (YTD only)
Condition Ratios (%)
-51.40%Loss allowance to loans
1.02%Loss allowance to noncurrent loans
105.94%Noncurrent assets plus other real estate owned to assets
0.92%Noncurrent loans to loans
0.96%Net loans and leases to deposits
64.97%Net loans and leases to core deposits
87.56%Equity capital to assets
9.38%Core capital (leverage) ratio
9.35%Tier 1 risk-based capital ratio
16.24%Total risk-based capital ratio
Memoranda
$17Average assets
$54,597Average earning assets
$5,661Average equity
$50,352Average loans
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