Magna Bank in Memphis, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Magna Bank in Memphis, Tennessee (TN)
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Magna Bank - Overview

  • General
  • FDIC Certificate #: 34937
    Status: Active
    Federal Reserve ID: 2721176
    Date Established: January 27, 1999
    WWW: http://www.magnabank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 15525
    FDIC's unique #: 62056
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 27, 1999
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 6525 Quail Hollow Road, Memphis, TN 38120
    County: Shelby
    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): Memphis, TN-AR-MS (#4920)
    Core Based Statistical Area (CBSA): Memphis, TN-MS-AR (#32820)
    CBSA Metro Statistical Area: Memphis, TN-MS-AR (#32820)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $440.6 mil
    Equity capital: $61.2 mil
    Deposits held in domestic offices: $330.4 mil
    Return on assets (ROA): 0.58% ($2.6 mil)
    Quarterly return on assets: 0.19% ($0.8 mil)
    Return on Equity (ROE): 4.48% ($2.7 mil)
    Quarterly return on equity: 1.35% ($0.8 mil)
    Net income: $2.5 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.93% ($4,097.8 mil)
    Quarterly Pretax return on assets: 0.30% ($1,321.9 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
  • 143Total employees (full-time equivalent)
  • $440,621Total assets
  • $7,907Cash and due from depository institutions
  • $978Interest-bearing balances
  • $42,181Securities
  • $19,101Federal funds sold & reverse repurchase agreements
  • $338,733Net loans & leases
  • $5,853Loan loss allowance
  • $0Trading account assets
  • $4,236Bank premises and fixed assets
  • $6,121Other real estate owned
  • $9,290Goodwill and other intangibles
  • $440,621Life insurance assets
  • $13,052All other assets
  • $379,412Total liabilities and capital
  • $330,385Total liabilities
  • $293,766Total deposits
  • $330,385Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $45,000Trading liabilities
  • $0Other borrowed funds
  • $4,027Subordinated debt
  • $61,209All other liabilities
  • $61,209Total equity capital
  • $61,209Total bank equity capital
  • $18,350Perpetual preferred stock
  • $5,529Common stock
  • $31,766Surplus
  • $5,564Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,976Income earned, not collected on loans
  • $1,788Earning assets
  • $1,452Long-term assets (5+ years)
  • $400,993Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $430,241Volatile liabilities
  • $445,656Insider loans
  • $360,874FHLB advances
  • $441,185Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $61,773Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $84,009Restructured Loans and leases
  • $23,499Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $18,800Total interest income
  • $4,618Total interest expense
  • $14,182Net interest income
  • $744Provision for loan and lease losses
  • $10,908Total noninterest income
  • $0Fiduciary activities
  • $333Service charges on deposit accounts
  • $0Trading account gains & fees
  • $10,575Additional noninterest income
  • $20,198Total noninterest expense
  • $12,383Salaries and employee benefits
  • $3,704Premises and equipment expense
  • $4,111Additional noninterest expense
  • $4,148Pre-tax net operating income
  • -$129Securities gains (losses)
  • $1,540Applicable income taxes
  • $2,479Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,479Net income attributable to bank
  • $0Net charge-offs
  • $2,479Cash dividends
  • -$582Sale, conversion, retirement of capital stock, net
  • $636Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.83%Yield on earning assets
  • 1.19%Cost of funding earning assets
  • 3.64%Net interest margin
  • 2.80%Noninterest income to earning assets
  • 5.19%Noninterest expense to earning assets
  • 0.60%Net operating income to assets
  • 0.58%Return on assets (ROA)
  • 0.93%Pretax return on assets
  • 4.48%Return on equity (ROE)
  • 3.33%Retained earnings to average equity (YTD only)
  • -0.17%Net charge-offs to loans
  • -127.84%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 80,502Assets per employee
  • 3.08%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 25.66%Loss allowance to loans
  • 1.70%Loss allowance to noncurrent loans
  • 147.21%Noncurrent assets plus other real estate owned to assets
  • 2.29%Noncurrent loans to loans
  • 1.15%Net loans and leases to deposits
  • 102.53%Net loans and leases to core deposits
  • 109.96%Equity capital to assets
  • 13.89%Core capital (leverage) ratio
  • 14.00%Tier 1 risk-based capital ratio
  • 17.12%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $430,241Average earning assets
  • $55,362Average equity
  • $389,280Average loans

List of branches

  • 5 Tennessee Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    062056Magna Bank6525 Quail Hollow Road, Memphis, TN 38120January 27, 1999Full Service Brick and Mortar
    3461759Germantown Pkwy Branch894 Germantown Pkwy, Suite 4, Cordova, TN 38018June 30, 2002Full Service Brick and Mortar
    4492565Germantown Branch1264 Germantown Road, Germantown, TN 38138October 26, 2007Full Service Brick and Mortar
    5492566Memphis Branch4445 Poplar Ave, Memphis, TN 38117March 24, 2008Full Service Brick and Mortar
    6518104Germantown-Forrest Hill Branch9057 Poplar Avenue, Germantown, TN 38138August 12, 2008Full Service Brick and Mortar

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