FDIC Certificate #: 1474 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Farmers and Merchants Bank (#1487) Federal Reserve ID: 200631 Date Established: April 04, 1889 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) FDIC's unique #: 970 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: April 27, 2001 Last Structure Change Process Date: May 10, 2001 Last Data Update: May 10, 2001 Data Source Date: April 05, 2012
Location
Address: 260 North Ellington Parkway, Lewisburg, TN 37091 County: Marshall Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Nashville Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Core Based Statistical Area (CBSA): Lewisburg, TN (#30280) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $162.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
41Total employees (full-time equivalent)
$165,397Total assets
$3,660Cash and due from depository institutions
$0Interest-bearing balances
$39,912Securities
$9,700Federal funds sold & reverse repurchase agreements
$109,177Net loans & leases
$1,181Loan loss allowance
$0Trading account assets
$1,229Bank premises and fixed assets
$84Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,635All other assets
$165,397Total liabilities and capital
$154,098Total liabilities
$152,911Total deposits
$135,165Interest-bearing deposits
$152,911Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,187All other liabilities
$11,299Total equity capital
$11,299Total bank equity capital
$11,299Perpetual preferred stock
$0Common stock
$480Surplus
$480Undivided profits
Memoranda
$10,339Noncurrent loans and leases
$6,513Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$112Earning assets
$0Long-term assets (5+ years)
$752Average Assets, year-to-date
$158,789Average Assets, quarterly
$16,062Volatile liabilities
$156,616Insider loans
$163,805FHLB advances
$45,696Loans and leases held for sale
$2,562Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,513Total unused commitments
$0Restructured Loans and leases
$1,181Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$12,291Total interest income
$6,826Total interest expense
$5,465Net interest income
$80Provision for loan and lease losses
$720Total noninterest income
$71Fiduciary activities
$497Service charges on deposit accounts
$0Trading account gains & fees
$152Additional noninterest income
$2,395Total noninterest expense
$1,718Salaries and employee benefits
$267Premises and equipment expense
$410Additional noninterest expense
$3,710Pre-tax net operating income
$0Securities gains (losses)
$1,354Applicable income taxes
$2,356Income before extraordinary items
$0Extraordinary gains - net
$2,356Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$16Sale, conversion, retirement of capital stock, net
$1,200Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.20%Yield on earning assets
4.56%Cost of funding earning assets
3.65%Net interest margin
0.48%Noninterest income to earning assets
1.60%Noninterest expense to earning assets
1.50%Net operating income to assets
1.50%Return on assets (ROA)
2.37%Pretax return on assets
22.56%Return on equity (ROE)
11.07%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
500.00%Credit loss provision to net charge-offs
236.88%Efficiency ratio
38,723Assets per employee
4.03%Cash dividends to net income (YTD only)
Condition Ratios (%)
50.93%Loss allowance to loans
1.07%Loss allowance to noncurrent loans
1054.46%Noncurrent assets plus other real estate owned to assets
0.12%Noncurrent loans to loans
0.10%Net loans and leases to deposits
71.40%Net loans and leases to core deposits
101.83%Equity capital to assets
6.83%Core capital (leverage) ratio
6.87%Tier 1 risk-based capital ratio
10.43%Total risk-based capital ratio
Memoranda
$12Average assets
$156,616Average earning assets
$10,445Average equity
$149,803Average loans
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