First Tennessee Bank National Association Mississippi in Southaven, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 18, 1998

  • First Tennessee Bank National Association Mississippi in Southaven, Mississippi (MS)
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First Tennessee Bank National Association Mississippi - Overview

  • General
  • FDIC Certificate #: 33521
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Tennessee Bank, National Association (#4977)
    Federal Reserve ID: 1901458
    Date Established: October 25, 1991
    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 #: 47360
    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: October 25, 1991
    Last Structure Change Effective Date: December 18, 1998
    Last Structure Change Process Date: January 07, 1999
    Last Data Update: January 07, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 615 Goodman Road East, Southaven, MS 38671
    County: Desoto
    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: West
    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)
  • Financial Summary
  • Total assets: $68.3 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
  • 24Total employees (full-time equivalent)
  • $77,629Total assets
  • $4,173Cash and due from depository institutions
  • $0Interest-bearing balances
  • $2,781Securities
  • $24,203Federal funds sold & reverse repurchase agreements
  • $42,878Net loans & leases
  • $464Loan loss allowance
  • $0Trading account assets
  • $2,178Bank premises and fixed assets
  • $0Other real estate owned
  • $412Goodwill and other intangibles
  • $0Life insurance assets
  • $1,004All other assets
  • $77,629Total liabilities and capital
  • $70,398Total liabilities
  • $66,699Total deposits
  • $48,624Interest-bearing deposits
  • $66,699Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $2,931Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $768All other liabilities
  • $7,231Total equity capital
  • $7,231Total bank equity capital
  • $7,231Perpetual preferred stock
  • $0Common stock
  • $2,701Surplus
  • $3,046Undivided profits
  • Memoranda
  • $1,484Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $26Earning assets
  • $0Long-term assets (5+ years)
  • $425Average Assets, year-to-date
  • $69,862Average Assets, quarterly
  • $5,778Volatile liabilities
  • $71,857Insider loans
  • $75,401FHLB advances
  • $7,649Loans and leases held for sale
  • $24Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,318Total unused commitments
  • $0Restructured Loans and leases
  • $51,225Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $5,014Total interest income
  • $2,346Total interest expense
  • $2,668Net interest income
  • $80Provision for loan and lease losses
  • $851Total noninterest income
  • $0Fiduciary activities
  • $722Service charges on deposit accounts
  • $0Trading account gains & fees
  • $129Additional noninterest income
  • $1,372Total noninterest expense
  • $661Salaries and employee benefits
  • $290Premises and equipment expense
  • $421Additional noninterest expense
  • $2,067Pre-tax net operating income
  • $0Securities gains (losses)
  • $808Applicable income taxes
  • $1,259Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,259Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $55Sale, conversion, retirement of capital stock, net
  • $1,950Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.78%Yield on earning assets
  • 3.64%Cost of funding earning assets
  • 4.14%Net interest margin
  • 1.32%Noninterest income to earning assets
  • 2.13%Noninterest expense to earning assets
  • 1.75%Net operating income to assets
  • 1.75%Return on assets (ROA)
  • 2.88%Pretax return on assets
  • 18.06%Return on equity (ROE)
  • -9.91%Retained earnings to average equity (YTD only)
  • 0.14%Net charge-offs to loans
  • 145.45%Credit loss provision to net charge-offs
  • 39.04%Efficiency ratio
  • 35,408Assets per employee
  • 3.23%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 154.88%Loss allowance to loans
  • 1.07%Loss allowance to noncurrent loans
  • 1784.62%Noncurrent assets plus other real estate owned to assets
  • 0.03%Noncurrent loans to loans
  • 0.06%Net loans and leases to deposits
  • 64.29%Net loans and leases to core deposits
  • 69.18%Equity capital to assets
  • 9.31%Core capital (leverage) ratio
  • 9.23%Tier 1 risk-based capital ratio
  • 13.26%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $71,857Average earning assets
  • $6,971Average equity
  • $64,411Average loans

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