Reelfoot Bank in Union City, Tennessee (TN), KY
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Reelfoot Bank in Union City, Tennessee (TN), KY
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Reelfoot Bank routing number info

Reelfoot Bank - Overview

  • General
  • FDIC Certificate #: 9199
    Status: Active
    Federal Reserve ID: 149253
    Bank Holding Company (Regulatory Top Holder): Reelfoot Bancshares, Inc. (RSSDID: 1099300, Location: Union City, TN)
    Date Established: August 02, 1904
    WWW: http://www.reelfootbank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 5 (Domestic: 5, Interstate: Yes)
    OTS Docket #: 11133
    FDIC's unique #: 5891
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1491 S. First Street, Union City, TN 38261
    County: Obion
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Memphis
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Combined Statistical Area (CSA): Union City-Martin, TN-KY (#542)
    Core Based Statistical Area (CBSA): Union City, TN-KY (#46460)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $151.8 mil
    Equity capital: $14.1 mil
    Deposits held in domestic offices: $135.4 mil
    Return on assets (ROA): 0.64% ($1.0 mil)
    Quarterly return on assets: 0.75% ($1.1 mil)
    Return on Equity (ROE): 7.10% ($1.0 mil)
    Quarterly return on equity: 8.17% ($1.1 mil)
    Net income: $1.0 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.98% ($1,487.3 mil)
    Quarterly Pretax return on assets: 0.99% ($1,502.5 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, 2011)

  • Dollar figures in thousands
  • 57Total employees (full-time equivalent)
  • $151,770Total assets
  • $14,259Cash and due from depository institutions
  • $257Interest-bearing balances
  • $43,380Securities
  • $5,000Federal funds sold & reverse repurchase agreements
  • $77,909Net loans & leases
  • $1,382Loan loss allowance
  • $0Trading account assets
  • $2,065Bank premises and fixed assets
  • $835Other real estate owned
  • $0Goodwill and other intangibles
  • $151,770Life insurance assets
  • $8,322All other assets
  • $137,684Total liabilities and capital
  • $135,430Total liabilities
  • $119,348Total deposits
  • $135,430Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 254.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,000Subordinated debt
  • $14,086All other liabilities
  • $14,086Total equity capital
  • $14,086Total bank equity capital
  • $0Perpetual preferred stock
  • $561Common stock
  • $7,774Surplus
  • $5,751Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $635Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $586Income earned, not collected on loans
  • $0Earning assets
  • $697Long-term assets (5+ years)
  • $126,546Average Assets, year-to-date
  • $46,780Average Assets, quarterly
  • $149,296Volatile liabilities
  • $151,720Insider loans
  • $87,493FHLB advances
  • $152,506Loans and leases held for sale
  • $4,240Unused loan commitments
  • $4,240Tier 1 (core) risk-based capital
  • $13,471Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $14,809Restructured Loans and leases
  • $2,515Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,508Total interest income
  • $1,496Total interest expense
  • $5,012Net interest income
  • $180Provision for loan and lease losses
  • $1,613Total noninterest income
  • $10Fiduciary activities
  • $1,029Service charges on deposit accounts
  • $0Trading account gains & fees
  • $574Additional noninterest income
  • $5,053Total noninterest expense
  • $2,608Salaries and employee benefits
  • $906Premises and equipment expense
  • $1,539Additional noninterest expense
  • $1,392Pre-tax net operating income
  • $67Securities gains (losses)
  • $506Applicable income taxes
  • $953Income before extraordinary items
  • $0Extraordinary gains - net
  • $953Net income attributable to bank
  • $0Net charge-offs
  • $953Cash dividends
  • $123Sale, conversion, retirement of capital stock, net
  • $205Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.22%Yield on earning assets
  • 1.20%Cost of funding earning assets
  • 4.02%Net interest margin
  • 1.29%Noninterest income to earning assets
  • 4.05%Noninterest expense to earning assets
  • 0.61%Net operating income to assets
  • 0.64%Return on assets (ROA)
  • 0.98%Pretax return on assets
  • 7.10%Return on equity (ROE)
  • 5.57%Retained earnings to average equity (YTD only)
  • 0.15%Net charge-offs to loans
  • 146.34%Credit loss provision to net charge-offs
  • 12.78%Efficiency ratio
  • 76,272Assets per employee
  • 2.66%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 21.51%Loss allowance to loans
  • 1.74%Loss allowance to noncurrent loans
  • 235.84%Noncurrent assets plus other real estate owned to assets
  • 0.94%Noncurrent loans to loans
  • 0.74%Net loans and leases to deposits
  • 57.53%Net loans and leases to core deposits
  • 59.41%Equity capital to assets
  • 9.28%Core capital (leverage) ratio
  • 8.83%Tier 1 risk-based capital ratio
  • 15.40%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $149,296Average earning assets
  • $13,432Average equity
  • $124,773Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $2,152Managed Assets
  • 1Number of Accounts
  • $2,152Personal trust and agency accounts
  • $1,445Employee benefit-defined contribution accounts
  • $707Employee 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
  • 15Number 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
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 1 Kentucky Branch as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    610522Fulton Bank BranchOne Bankers Plaza, Fulton, KY 42041November 27, 1945Full Service Brick and Mortar
  • 4 Tennessee Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    05891Reelfoot Bank1491 S. First Street, Union City, TN 38261August 02, 1904Full Service Brick and Mortar
    1219652Hornbeak BranchMain Street, Hornbeak, TN 38232October 09, 1972Full Service Brick and Mortar
    4244119Martin Branch408 North Lindell, Martin, TN 38237October 24, 1983Full Service Brick and Mortar
    8365172South First Street Branch611 South First Street, Union City, TN 38261August 11, 2002Limited Service Facility

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