First Union National Bank of Tennessee in city_name, state_name

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

General
FDIC Certificate #: 19879
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Union National Bank (#4885)
Federal Reserve ID: 943732
Date Established: December 16, 1968
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 49 (Interstate: No)
FDIC's unique #: 13666
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: December 16, 1968
Last Structure Change Effective Date: July 31, 1997
Last Structure Change Process Date: August 13, 1997
Last Data Update: August 13, 1997
Data Source Date: April 05, 2012
Location
Address: 150 Fourth Avenue North, Nashville, TN 37219
County: Davidson
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Atlanta
FDIC Field Office: Nashville
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Metropolitan Statistical Area (MSA): Nashville, TN (#5360)
Combined Statistical Area (CSA): Nashville-Davidson-Murfreesboro-Columbia, TN (#400)
Core Based Statistical Area (CBSA): Nashville-Davidson-Murfreesboro-Franklin, TN (#34980)
CBSA Metro Statistical Area: Nashville-Davidson-Murfreesboro-Franklin, TN (#34980)
Financial Summary
Total assets: $3,162.9 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$577Total assets
$3,151,432Cash and due from depository institutions
$350,764Interest-bearing balances
$255,018Securities
$1,432,136Federal funds sold & reverse repurchase agreements
$15,477Net loans & leases
$1,256,211Loan loss allowance
$16,969Trading account assets
$0Bank premises and fixed assets
$41,230Other real estate owned
$0Goodwill and other intangibles
$41,218Life insurance assets
$14,396All other assets
$0Total liabilities and capital
$3,151,432Total liabilities
$2,955,078Total deposits
$1,723,435Interest-bearing deposits
$1,470,417Deposits held in domestic offices
1723435.00%% insured (estimated)
$84Federal funds purchased & repurchase agreements
$1,195,732Trading liabilities
$0Other borrowed funds
$6,713Subordinated debt
$0All other liabilities
$29,198Total equity capital
$29,198Total bank equity capital
$196,354Perpetual preferred stock
$0Common stock
$26,103Surplus
$84,813Undivided profits
Memoranda
$85,438Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$9,822Income earned, not collected on loans
$8,458Earning assets
$2,958,842Long-term assets (5+ years)
$1,671,159Average Assets, year-to-date
$2,929,234Average Assets, quarterly
$3,230,988Volatile liabilities
$1,445,324Insider loans
$17,827FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$406,787Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$183,857Total risk weighted assets
$1,706,504Total unused commitments
$0Restructured Loans and leases
$99,275Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$224,766Total interest expense
$119,255Net interest income
$105,511Provision for loan and lease losses
-$6,000Total noninterest income
$24,566Fiduciary activities
$1,437Service charges on deposit accounts
$14,848Trading account gains & fees
$0Additional noninterest income
$8,281Total noninterest expense
$52,445Salaries and employee benefits
$23,173Premises and equipment expense
$10,273Additional noninterest expense
$18,999Pre-tax net operating income
$83,632Securities gains (losses)
$2,642Applicable income taxes
$32,950Income before extraordinary items
$53,324Extraordinary gains - net
$0Net income attributable to bank
$53,324Net charge-offs
$2,232Cash dividends
$43,000Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.21%Cost of funding earning assets
4.36%Net interest margin
3.86%Noninterest income to earning assets
0.90%Noninterest expense to earning assets
1.92%Net operating income to assets
1.76%Return on assets (ROA)
1.82%Pretax return on assets
2.95%Return on equity (ROE)
28.18%Retained earnings to average equity (YTD only)
5.46%Net charge-offs to loans
0.18%Credit loss provision to net charge-offs
-268.82%Efficiency ratio
39,371Assets per employee
5.46%Cash dividends to net income (YTD only)
Condition Ratios (%)
80.64%Loss allowance to loans
1.33%Loss allowance to noncurrent loans
172.77%Noncurrent assets plus other real estate owned to assets
0.31%Noncurrent loans to loans
0.77%Net loans and leases to deposits
72.89%Net loans and leases to core deposits
85.00%Equity capital to assets
6.23%Core capital (leverage) ratio
5.67%Tier 1 risk-based capital ratio
10.77%Total risk-based capital ratio
Memoranda
$12Average assets
$2,929,234Average earning assets
$189,199Average equity
$2,736,097Average loans

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

First Union National Bank of Tennessee - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

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

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

First Union National Bank of Tennessee - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

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

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