FDIC Certificate #: 10306 Status: Active Federal Reserve ID: 136459 Bank Holding Company (Regulatory Top Holder): Security Bancorp Of Tennessee, Inc. (RSSDID: 1135374, Location: Halls, TN) Date Established: September 01, 1904 Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 13807 FDIC's unique #: 6600 Numeric code: 13 Regulator: FED Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Agricultural lending institution: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: Wardlaw And Third Streets, Gates, TN 38037 County: Lauderdale 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
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $42.8 mil Equity capital: $4.7 mil Deposits held in domestic offices: $36.5 mil Return on assets (ROA): 1.16% ($0.5 mil) Quarterly return on assets: 1.05% ($0.5 mil) Return on Equity (ROE): 10.91% ($0.5 mil) Quarterly return on equity: 9.30% ($0.5 mil) Net income: $0.5 mil Quarterly Net income: $0.1 mil Pretax return on assets: 1.36% ($581.7 mil) Quarterly Pretax return on assets: 1.18% ($504.7 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
12Total employees (full-time equivalent)
$42,769Total assets
$1,012Cash and due from depository institutions
$60Interest-bearing balances
$25,017Securities
$2,760Federal funds sold & reverse repurchase agreements
$11,825Net loans & leases
$308Loan loss allowance
$0Trading account assets
$127Bank premises and fixed assets
$171Other real estate owned
$0Goodwill and other intangibles
$42,769Life insurance assets
$1,857All other assets
$38,041Total liabilities and capital
$36,483Total liabilities
$32,811Total deposits
$36,483Interest-bearing deposits
$85Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$1,000Trading liabilities
$0Other borrowed funds
$558Subordinated debt
$4,728All other liabilities
$4,728Total equity capital
$4,728Total bank equity capital
$0Perpetual preferred stock
$200Common stock
$200Surplus
$4,328Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$127Income earned, not collected on loans
$0Earning assets
$275Long-term assets (5+ years)
$39,662Average Assets, year-to-date
$22,366Average Assets, quarterly
$42,558Volatile liabilities
$42,719Insider loans
$22,021FHLB advances
$43,033Loans and leases held for sale
$1,238Unused loan commitments
$1,238Tier 1 (core) risk-based capital
$4,035Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$3,096Restructured Loans and leases
$1,242Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,616Total interest income
$306Total interest expense
$1,310Net interest income
$0Provision for loan and lease losses
$107Total noninterest income
$0Fiduciary activities
$64Service charges on deposit accounts
$0Trading account gains & fees
$43Additional noninterest income
$842Total noninterest expense
$448Salaries and employee benefits
$81Premises and equipment expense
$313Additional noninterest expense
$575Pre-tax net operating income
$2Securities gains (losses)
$83Applicable income taxes
$494Income before extraordinary items
$0Extraordinary gains - net
$494Net income attributable to bank
$0Net charge-offs
$494Cash dividends
$0Sale, conversion, retirement of capital stock, net
$300Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.11%Yield on earning assets
0.78%Cost of funding earning assets
3.33%Net interest margin
0.27%Noninterest income to earning assets
2.14%Noninterest expense to earning assets
1.16%Net operating income to assets
1.16%Return on assets (ROA)
1.36%Pretax return on assets
10.91%Return on equity (ROE)
4.28%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
59,421Assets per employee
3.56%Cash dividends to net income (YTD only)
Condition Ratios (%)
60.73%Loss allowance to loans
2.54%Loss allowance to noncurrent loans
242.52%Noncurrent assets plus other real estate owned to assets
0.70%Noncurrent loans to loans
1.05%Net loans and leases to deposits
32.41%Net loans and leases to core deposits
40.67%Equity capital to assets
11.05%Core capital (leverage) ratio
9.38%Tier 1 risk-based capital ratio
18.32%Total risk-based capital ratio
Memoranda
$20Average assets
$42,558Average earning assets
$4,530Average equity
$39,304Average loans
List of branches
1 Tennessee Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
6600
Gates Banking And Trust Company
Wardlaw And Third Streets, Gates, TN 38037
September 01, 1904
Full Service Brick and Mortar
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