FDIC Certificate #: 9193 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Citizens National Bank (#4972) Federal Reserve ID: 74252 Date Established: January 01, 1909 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) OTS Docket #: 9113 FDIC's unique #: 5887 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: June 14, 1999 Last Structure Change Process Date: June 30, 1999 Last Data Update: June 30, 1999 Data Source Date: April 05, 2012
Location
Address: 100 Washington Avenue, Union City, TN 38261 County: Obion 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 Combined Statistical Area (CSA): Union City-Martin, TN-KY (#542) Core Based Statistical Area (CBSA): Union City, TN-KY (#46460) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $48.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
23Total employees (full-time equivalent)
$50,902Total assets
$2,798Cash and due from depository institutions
$233Interest-bearing balances
$6,866Securities
$10,700Federal funds sold & reverse repurchase agreements
$28,710Net loans & leases
$376Loan loss allowance
$0Trading account assets
$1,344Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$484All other assets
$50,902Total liabilities and capital
$46,905Total liabilities
$45,384Total deposits
$40,835Interest-bearing deposits
$45,384Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$919Other borrowed funds
$0Subordinated debt
$602All other liabilities
$3,997Total equity capital
$3,997Total bank equity capital
$3,997Perpetual preferred stock
$0Common stock
$100Surplus
$1,240Undivided profits
Memoranda
$2,657Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$222Earning assets
$0Long-term assets (5+ years)
$252Average Assets, year-to-date
$46,509Average Assets, quarterly
$5,425Volatile liabilities
$50,174Insider loans
$50,693FHLB advances
$4,625Loans and leases held for sale
$930Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$225Total risk weighted assets
$4,220Total unused commitments
$0Restructured Loans and leases
$30,980Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$4,099Total interest income
$2,050Total interest expense
$2,049Net interest income
$268Provision for loan and lease losses
$235Total noninterest income
$0Fiduciary activities
$197Service charges on deposit accounts
$0Trading account gains & fees
$38Additional noninterest income
$1,597Total noninterest expense
$858Salaries and employee benefits
$224Premises and equipment expense
$515Additional noninterest expense
$419Pre-tax net operating income
$19Securities gains (losses)
$147Applicable income taxes
$291Income before extraordinary items
$0Extraordinary gains - net
$291Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$226Sale, conversion, retirement of capital stock, net
$112Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.87%Yield on earning assets
4.44%Cost of funding earning assets
4.43%Net interest margin
0.51%Noninterest income to earning assets
3.46%Noninterest expense to earning assets
0.55%Net operating income to assets
0.58%Return on assets (ROA)
0.87%Pretax return on assets
7.22%Return on equity (ROE)
4.44%Retained earnings to average equity (YTD only)
0.73%Net charge-offs to loans
118.58%Credit loss provision to net charge-offs
3.04%Efficiency ratio
69,921Assets per employee
2.21%Cash dividends to net income (YTD only)
Condition Ratios (%)
38.49%Loss allowance to loans
1.29%Loss allowance to noncurrent loans
169.37%Noncurrent assets plus other real estate owned to assets
0.44%Noncurrent loans to loans
0.76%Net loans and leases to deposits
63.26%Net loans and leases to core deposits
70.44%Equity capital to assets
7.85%Core capital (leverage) ratio
8.00%Tier 1 risk-based capital ratio
12.99%Total risk-based capital ratio
Memoranda
$14Average assets
$50,174Average earning assets
$4,029Average equity
$46,207Average loans
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