FDIC Certificate #: 21563 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Bank of Tennessee (#10693) Federal Reserve ID: 674737 Date Established: May 04, 1974 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 14916 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: May 04, 1974 Last Structure Change Effective Date: December 31, 2004 Last Structure Change Process Date: January 25, 2005 Last Data Update: January 25, 2005 Data Source Date: April 05, 2012
Location
Address: U.S. Highway 411, Benton, TN 37307 County: Polk 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): Chattanooga-Cleveland-Athens, TN-GA (#174) Core Based Statistical Area (CBSA): Cleveland, TN (#17420) CBSA Metro Statistical Area: Cleveland, TN (#17420)
Financial Summary
Total assets: $23.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2003)
Dollar figures in thousands
9Total employees (full-time equivalent)
$22,319Total assets
$985Cash and due from depository institutions
$0Interest-bearing balances
$4,890Securities
$1,350Federal funds sold & reverse repurchase agreements
$14,570Net loans & leases
$199Loan loss allowance
$0Trading account assets
$181Bank premises and fixed assets
$100Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$243All other assets
$22,319Total liabilities and capital
$19,289Total liabilities
$19,182Total deposits
$16,395Interest-bearing deposits
$19,182Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$107All other liabilities
$3,030Total equity capital
$3,030Total bank equity capital
$3,030Perpetual preferred stock
$0Common stock
$405Surplus
$405Undivided profits
Memoranda
$2,220Noncurrent loans and leases
$1,467Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$4Earning assets
$0Long-term assets (5+ years)
$127Average Assets, year-to-date
$20,810Average Assets, quarterly
$4,829Volatile liabilities
$22,283Insider loans
$22,225FHLB advances
$5,860Loans and leases held for sale
$12Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,467Total unused commitments
$0Restructured Loans and leases
$196Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$1,301Total interest income
$386Total interest expense
$915Net interest income
$0Provision for loan and lease losses
$84Total noninterest income
$0Fiduciary activities
$69Service charges on deposit accounts
$0Trading account gains & fees
$15Additional noninterest income
$826Total noninterest expense
$440Salaries and employee benefits
$90Premises and equipment expense
$296Additional noninterest expense
$173Pre-tax net operating income
$0Securities gains (losses)
$17Applicable income taxes
$156Income before extraordinary items
$0Extraordinary gains - net
$156Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$18Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.31%Yield on earning assets
1.87%Cost of funding earning assets
4.44%Net interest margin
0.41%Noninterest income to earning assets
4.00%Noninterest expense to earning assets
0.70%Net operating income to assets
0.70%Return on assets (ROA)
0.78%Pretax return on assets
5.27%Return on equity (ROE)
5.27%Retained earnings to average equity (YTD only)
-0.13%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
82,683Assets per employee
2.48%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.35%Loss allowance to noncurrent loans
4975.00%Noncurrent assets plus other real estate owned to assets
0.47%Noncurrent loans to loans
0.03%Net loans and leases to deposits
75.96%Net loans and leases to core deposits
109.37%Equity capital to assets
13.58%Core capital (leverage) ratio
13.04%Tier 1 risk-based capital ratio
18.70%Total risk-based capital ratio
Memoranda
$20Average assets
$22,283Average earning assets
$2,960Average equity
$20,625Average loans
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