FDIC Certificate #: 2377 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:FSGBANK, National Association (#35525) Federal Reserve ID: 723037 Date Established: January 01, 1916 WWW:http://www.jacksonbankandtrust.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Interstate: No) OTS Docket #: 11108 FDIC's unique #: 1564 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: August 31, 2005 Last Structure Change Process Date: September 21, 2005 Last Data Update: September 21, 2005 Data Source Date: April 05, 2012
Location
Address: 307 Hull Ave, Gainesboro, TN 38562 County: Jackson 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): Cookeville, TN (#18260) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $169.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2004)
Dollar figures in thousands
57Total employees (full-time equivalent)
$167,861Total assets
$3,532Cash and due from depository institutions
$384Interest-bearing balances
$40,791Securities
$1,325Federal funds sold & reverse repurchase agreements
$111,151Net loans & leases
$1,752Loan loss allowance
$0Trading account assets
$4,217Bank premises and fixed assets
$88Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$6,757All other assets
$167,861Total liabilities and capital
$150,051Total liabilities
$137,825Total deposits
$118,639Interest-bearing deposits
$137,825Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$11,013Other borrowed funds
$0Subordinated debt
$1,213All other liabilities
$17,810Total equity capital
$17,810Total bank equity capital
$17,810Perpetual preferred stock
$0Common stock
$396Surplus
$3,410Undivided profits
Memoranda
$14,004Noncurrent loans and leases
$12,132Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,203Earning assets
$0Long-term assets (5+ years)
$804Average Assets, year-to-date
$153,651Average Assets, quarterly
$32,126Volatile liabilities
$163,270Insider loans
$166,973FHLB advances
$24,678Loans and leases held for sale
$1,061Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$12,132Total unused commitments
$0Restructured Loans and leases
$1,368Derivatives
Income and Expense (December 31, 2004)
Dollar figures in thousands
$8,535Total interest income
$2,610Total interest expense
$5,925Net interest income
$0Provision for loan and lease losses
$1,545Total noninterest income
$0Fiduciary activities
$936Service charges on deposit accounts
$0Trading account gains & fees
$609Additional noninterest income
$5,122Total noninterest expense
$2,847Salaries and employee benefits
$679Premises and equipment expense
$1,596Additional noninterest expense
$2,348Pre-tax net operating income
$27Securities gains (losses)
$651Applicable income taxes
$1,724Income before extraordinary items
$0Extraordinary gains - net
$1,724Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$142Sale, conversion, retirement of capital stock, net
$535Net operating income
Performance and Condition Ratios (December 31, 2004)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.74%Yield on earning assets
1.76%Cost of funding earning assets
3.98%Net interest margin
1.04%Noninterest income to earning assets
3.44%Noninterest expense to earning assets
1.04%Net operating income to assets
1.06%Return on assets (ROA)
1.45%Pretax return on assets
10.07%Return on equity (ROE)
6.95%Retained earnings to average equity (YTD only)
0.13%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
16.54%Efficiency ratio
68,568Assets per employee
2.94%Cash dividends to net income (YTD only)
Condition Ratios (%)
31.03%Loss allowance to loans
1.55%Loss allowance to noncurrent loans
145.64%Noncurrent assets plus other real estate owned to assets
0.77%Noncurrent loans to loans
1.07%Net loans and leases to deposits
80.65%Net loans and leases to core deposits
95.97%Equity capital to assets
10.61%Core capital (leverage) ratio
10.43%Tier 1 risk-based capital ratio
15.96%Total risk-based capital ratio
Memoranda
$17Average assets
$163,270Average earning assets
$17,119Average equity
$148,716Average loans
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