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

This bank is inactive as of Febuary 29, 2008

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

  • General
  • FDIC Certificate #: 57271
    Status: Inactive
    Closing history: Change in Location
    Acquiring institution: Metropolitan Bank (#22346)
    Federal Reserve ID: 3076163
    Date Established: December 17, 2001
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Interstate: No)
    FDIC's unique #: 360519
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: December 17, 2001
    Last Structure Change Effective Date: Febuary 29, 2008
    Last Structure Change Process Date: March 31, 2008
    Last Data Update: March 31, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 1661 Aaron Brenner Drive, Suites 100 And 101, Memphis, TN 38120
    County: Shelby
    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
    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
  • Merger - Without Assistance
    Change in Location
  • Financial Summary
  • Total assets: $717.1 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, 2007)

  • Dollar figures in thousands
  • 117Total employees (full-time equivalent)
  • $717,104Total assets
  • $26,511Cash and due from depository institutions
  • $6,114Interest-bearing balances
  • $95,162Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $498,177Net loans & leases
  • $5,244Loan loss allowance
  • $0Trading account assets
  • $11,576Bank premises and fixed assets
  • $980Other real estate owned
  • $74,343Goodwill and other intangibles
  • $0Life insurance assets
  • $10,355All other assets
  • $717,104Total liabilities and capital
  • $593,345Total liabilities
  • $523,349Total deposits
  • $507,466Interest-bearing deposits
  • $523,349Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $24,068Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $42,133Other borrowed funds
  • $0Subordinated debt
  • $3,795All other liabilities
  • $123,759Total equity capital
  • $123,759Total bank equity capital
  • $123,759Perpetual preferred stock
  • $0Common stock
  • $3,527Surplus
  • $124,304Undivided profits
  • Memoranda
  • $-4,072Noncurrent loans and leases
  • $122,570Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $8,604Earning assets
  • $676Long-term assets (5+ years)
  • $3,367Average Assets, year-to-date
  • $599,453Average Assets, quarterly
  • $109,950Volatile liabilities
  • $600,110Insider loans
  • $669,627FHLB advances
  • $226,587Loans and leases held for sale
  • $0Unused loan commitments
  • $42,133Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,482Total risk weighted assets
  • $122,570Total unused commitments
  • $0Restructured Loans and leases
  • $5,272Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $3,515Total interest income
  • $1,490Total interest expense
  • $2,025Net interest income
  • $304Provision for loan and lease losses
  • $311Total noninterest income
  • $0Fiduciary activities
  • $92Service charges on deposit accounts
  • $0Trading account gains & fees
  • $219Additional noninterest income
  • $1,199Total noninterest expense
  • $532Salaries and employee benefits
  • $255Premises and equipment expense
  • $412Additional noninterest expense
  • $833Pre-tax net operating income
  • $0Securities gains (losses)
  • $35Applicable income taxes
  • $798Income before extraordinary items
  • $0Extraordinary gains - net
  • $798Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $4Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.64%Yield on earning assets
  • 0.27%Cost of funding earning assets
  • 0.37%Net interest margin
  • 0.06%Noninterest income to earning assets
  • 0.22%Noninterest expense to earning assets
  • 0.13%Net operating income to assets
  • 0.13%Return on assets (ROA)
  • 0.14%Pretax return on assets
  • 1.30%Return on equity (ROE)
  • 1.30%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 7600.00%Credit loss provision to net charge-offs
  • 284.25%Efficiency ratio
  • 51,327Assets per employee
  • 6.13%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.04%Loss allowance to noncurrent loans
  • 60.95%Noncurrent assets plus other real estate owned to assets
  • 1.34%Noncurrent loans to loans
  • 1.71%Net loans and leases to deposits
  • 95.19%Net loans and leases to core deposits
  • 150.22%Equity capital to assets
  • 17.26%Core capital (leverage) ratio
  • 8.25%Tier 1 risk-based capital ratio
  • 9.17%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $600,110Average earning assets
  • $61,283Average equity
  • $552,549Average loans

Total Fiduciary and Related Assets (December 31, 2007)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $3Managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $3Other retirement accounts
  • $3Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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