FDIC Certificate #: 6094 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Regions Bank (#12368) Federal Reserve ID: 710233 Date Established: January 01, 1907 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 6 (Interstate: No) OTS Docket #: 11005 FDIC's unique #: 4117 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: November 05, 1999 Last Structure Change Process Date: Febuary 02, 2000 Last Data Update: Febuary 02, 2000 Data Source Date: April 05, 2012
Location
Address: 116 North Main Street, Decatur, TN 37322 County: Meigs Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Atlanta FDIC Field Office: Knoxville Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast
Financial Summary
Total assets: $122.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
61Total employees (full-time equivalent)
$114,720Total assets
$5,607Cash and due from depository institutions
$66Interest-bearing balances
$10,910Securities
$12,880Federal funds sold & reverse repurchase agreements
$79,818Net loans & leases
$1,193Loan loss allowance
$0Trading account assets
$3,521Bank premises and fixed assets
$236Other real estate owned
$30Goodwill and other intangibles
$0Life insurance assets
$1,718All other assets
$114,720Total liabilities and capital
$106,825Total liabilities
$105,808Total deposits
$95,495Interest-bearing deposits
$105,808Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,017All other liabilities
$7,895Total equity capital
$7,895Total bank equity capital
$7,895Perpetual preferred stock
$0Common stock
$250Surplus
$2,220Undivided profits
Memoranda
$5,425Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$430Earning assets
$0Long-term assets (5+ years)
$588Average Assets, year-to-date
$103,674Average Assets, quarterly
$6,448Volatile liabilities
$106,594Insider loans
$112,685FHLB advances
$14,004Loans and leases held for sale
$957Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,096Total unused commitments
$0Restructured Loans and leases
$79,750Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$9,508Total interest income
$4,377Total interest expense
$5,131Net interest income
$859Provision for loan and lease losses
$1,104Total noninterest income
$0Fiduciary activities
$754Service charges on deposit accounts
$0Trading account gains & fees
$350Additional noninterest income
$4,167Total noninterest expense
$2,132Salaries and employee benefits
$728Premises and equipment expense
$1,307Additional noninterest expense
$1,209Pre-tax net operating income
$2Securities gains (losses)
$371Applicable income taxes
$840Income before extraordinary items
$0Extraordinary gains - net
$840Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$496Sale, conversion, retirement of capital stock, net
$150Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.80%Yield on earning assets
4.51%Cost of funding earning assets
5.29%Net interest margin
1.14%Noninterest income to earning assets
4.30%Noninterest expense to earning assets
0.79%Net operating income to assets
0.79%Return on assets (ROA)
1.14%Pretax return on assets
11.00%Return on equity (ROE)
9.03%Retained earnings to average equity (YTD only)
0.65%Net charge-offs to loans
173.19%Credit loss provision to net charge-offs
4.17%Efficiency ratio
66,271Assets per employee
1.88%Cash dividends to net income (YTD only)
Condition Ratios (%)
17.86%Loss allowance to loans
1.47%Loss allowance to noncurrent loans
277.44%Noncurrent assets plus other real estate owned to assets
0.58%Noncurrent loans to loans
0.53%Net loans and leases to deposits
75.44%Net loans and leases to core deposits
86.94%Equity capital to assets
6.88%Core capital (leverage) ratio
6.94%Tier 1 risk-based capital ratio
9.82%Total risk-based capital ratio
Memoranda
$11Average assets
$106,594Average earning assets
$7,639Average equity
$96,997Average loans
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