Jackson National Bank in Jackson, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 1993

  • Jackson National Bank in Jackson, Tennessee (TN)
  • Show street view No street view available for this location

Jackson National Bank - Overview

  • General
  • FDIC Certificate #: 4974
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Volunteer Bank (#9958)
    Federal Reserve ID: 569150
    Date Established: January 01, 1886
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 9 (Interstate: No)
    FDIC's unique #: 3316
    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: January 01, 1934
    Last Structure Change Effective Date: January 01, 1993
    Last Structure Change Process Date: January 26, 1993
    Last Data Update: June 14, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 301 East Main Street, Jackson, TN 38301
    County: Madison
    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
    Metropolitan Statistical Area (MSA): Jackson, TN (#3580)
    Combined Statistical Area (CSA): Jackson-Humboldt, TN (#297)
    Core Based Statistical Area (CBSA): Jackson, TN (#27180)
    CBSA Metro Statistical Area: Jackson, TN (#27180)
  • History of Changes
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $288.3 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $175Total assets
  • $288,270Cash and due from depository institutions
  • $15,947Interest-bearing balances
  • $0Securities
  • $68,114Federal funds sold & reverse repurchase agreements
  • $34,800Net loans & leases
  • $159,586Loan loss allowance
  • $2,729Trading account assets
  • $0Bank premises and fixed assets
  • $5,606Other real estate owned
  • $941Goodwill and other intangibles
  • $3,276Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $288,270Total liabilities
  • $268,683Total deposits
  • $234,292Interest-bearing deposits
  • $200,233Deposits held in domestic offices
  • 234292.00%% insured (estimated)
  • $90Federal funds purchased & repurchase agreements
  • $32,052Trading liabilities
  • $0Other borrowed funds
  • $1,077Subordinated debt
  • $0All other liabilities
  • $1,262Total equity capital
  • $1,262Total bank equity capital
  • $19,587Perpetual preferred stock
  • $0Common stock
  • $1,400Surplus
  • $3,369Undivided profits
  • Memoranda
  • $14,818Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,276Income earned, not collected on loans
  • $813Earning assets
  • $262,500Long-term assets (5+ years)
  • $34,383Average Assets, year-to-date
  • $268,891Average Assets, quarterly
  • $275,255Volatile liabilities
  • $46,847Insider loans
  • $253FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $16,958Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $19,587Total risk weighted assets
  • $190,509Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $19,951Total interest expense
  • $8,812Net interest income
  • $11,139Provision for loan and lease losses
  • $4,039Total noninterest income
  • $2,225Fiduciary activities
  • $427Service charges on deposit accounts
  • $1,291Trading account gains & fees
  • $0Additional noninterest income
  • $507Total noninterest expense
  • $9,293Salaries and employee benefits
  • $4,370Premises and equipment expense
  • $1,762Additional noninterest expense
  • $3,161Pre-tax net operating income
  • $32Securities gains (losses)
  • -$310Applicable income taxes
  • -$725Income before extraordinary items
  • $447Extraordinary gains - net
  • $0Net income attributable to bank
  • $447Net charge-offs
  • $3,010Cash dividends
  • $1,023Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.08%Cost of funding earning assets
  • 3.57%Net interest margin
  • 4.51%Noninterest income to earning assets
  • 0.90%Noninterest expense to earning assets
  • 3.76%Net operating income to assets
  • 0.24%Return on assets (ROA)
  • 0.17%Pretax return on assets
  • -0.10%Return on equity (ROE)
  • 2.23%Retained earnings to average equity (YTD only)
  • -2.87%Net charge-offs to loans
  • 1.85%Credit loss provision to net charge-offs
  • 134.19%Efficiency ratio
  • 69,538Assets per employee
  • 1.65%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 228.86%Loss allowance to loans
  • 1.68%Loss allowance to noncurrent loans
  • 83.30%Noncurrent assets plus other real estate owned to assets
  • 1.46%Noncurrent loans to loans
  • 2.02%Net loans and leases to deposits
  • 68.11%Net loans and leases to core deposits
  • 72.35%Equity capital to assets
  • 6.79%Core capital (leverage) ratio
  • 7.43%Tier 1 risk-based capital ratio
  • 10.28%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $268,891Average earning assets
  • $20,054Average equity
  • $246,827Average loans

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