Merchants and Planters Bank in Newport, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 23, 1993

Merchants and Planters Bank in Newport, Tennessee (TN)
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Merchants and Planters Bank - Overview

General
FDIC Certificate #: 1488
Status: Inactive
Closing history: Corrections
Acquiring institution: First Union National Bank of Tennessee (#19879)
Federal Reserve ID: 692638
Date Established: January 01, 1889
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 9 (Interstate: No)
FDIC's unique #: 983
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: June 23, 1993
Last Structure Change Process Date: June 30, 1993
Last Data Update: October 03, 1995
Data Source Date: April 05, 2012
Location
Address: 302 East Main Street, Newport, TN 37821
County: Cocke
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Knoxville
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Combined Statistical Area (CSA): Knoxville-Sevierville-La Follette, TN (#314)
Core Based Statistical Area (CBSA): Newport, TN (#35460)
CBSA Micro Statistical Area: Yes
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $160.9 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$78Total assets
$163,142Cash and due from depository institutions
$9,683Interest-bearing balances
$0Securities
$17,524Federal funds sold & reverse repurchase agreements
$90,675Net loans & leases
$40,927Loan loss allowance
$992Trading account assets
$0Bank premises and fixed assets
$3,719Other real estate owned
$50Goodwill and other intangibles
$529Life insurance assets
$35All other assets
$0Total liabilities and capital
$163,142Total liabilities
$150,376Total deposits
$148,641Interest-bearing deposits
$128,401Deposits held in domestic offices
148641.00%% insured (estimated)
$94Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$1,735Total equity capital
$1,735Total bank equity capital
$12,766Perpetual preferred stock
$0Common stock
$500Surplus
$4,500Undivided profits
Memoranda
$7,766Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$110Income earned, not collected on loans
$244Earning assets
$149,126Long-term assets (5+ years)
$9,054Average Assets, year-to-date
$157,488Average Assets, quarterly
$160,491Volatile liabilities
$7,571Insider loans
$108FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$4,610Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$12,731Total risk weighted assets
$59,025Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$9,792Total interest expense
$5,636Net interest income
$4,156Provision for loan and lease losses
$236Total noninterest income
$750Fiduciary activities
$0Service charges on deposit accounts
$564Trading account gains & fees
$0Additional noninterest income
$186Total noninterest expense
$3,270Salaries and employee benefits
$1,592Premises and equipment expense
$484Additional noninterest expense
$1,194Pre-tax net operating income
$1,400Securities gains (losses)
$1,831Applicable income taxes
$1,395Income before extraordinary items
$1,836Extraordinary gains - net
$0Net income attributable to bank
$1,836Net charge-offs
-$198Cash dividends
$538Sale, 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
6.77%Cost of funding earning assets
3.89%Net interest margin
2.87%Noninterest income to earning assets
0.52%Noninterest expense to earning assets
2.26%Net operating income to assets
0.42%Return on assets (ROA)
1.17%Pretax return on assets
2.05%Return on equity (ROE)
15.56%Retained earnings to average equity (YTD only)
11.00%Net charge-offs to loans
-0.45%Credit loss provision to net charge-offs
-119.19%Efficiency ratio
65,940Assets per employee
2.09%Cash dividends to net income (YTD only)
Condition Ratios (%)
29.30%Loss allowance to loans
2.37%Loss allowance to noncurrent loans
901.82%Noncurrent assets plus other real estate owned to assets
0.10%Noncurrent loans to loans
0.26%Net loans and leases to deposits
27.53%Net loans and leases to core deposits
29.01%Equity capital to assets
7.83%Core capital (leverage) ratio
7.90%Tier 1 risk-based capital ratio
21.57%Total risk-based capital ratio
Memoranda
$23Average assets
$157,488Average earning assets
$11,802Average equity
$144,708Average loans

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