FDIC Certificate #: 35296 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Republic Bank & Trust Company (#23627) Federal Reserve ID: 2874634 Bank Holding Company (Regulatory Top Holder): Tennessee Commerce Bancorp, Inc. (RSSDID: 2916169, Location: Franklin, TN) Date Established: January 14, 2000 WWW:http://www.tncommercebank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 77686 Numeric code: 21 Regulator: FDIC 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: Commercial Lending Specialization Date of Deposit Insurance: January 14, 2000 Last Structure Change Effective Date: January 27, 2012 Last Structure Change Process Date: January 30, 2012 Last Data Update: January 30, 2012 Data Source Date: April 05, 2012
Location
Address: 381 Mallory Station Road, Franklin, TN 37067 County: Williamson 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): Nashville, TN (#5360) Combined Statistical Area (CSA): Nashville-Davidson-Murfreesboro-Columbia, TN (#400) Core Based Statistical Area (CBSA): Nashville-Davidson-Murfreesboro-Franklin, TN (#34980) CBSA Metro Statistical Area: Nashville-Davidson-Murfreesboro-Franklin, TN (#34980)
Financial Summary
Total assets: $1,009.2 mil Equity capital: -$36.7 mil Deposits held in domestic offices: $1,037.7 mil Return on assets (ROA): -12.63% (-$127.4 mil) Quarterly return on assets: -17.82% (-$179.8 mil) Return on Equity (ROE): -329.81% ($122.0 mil) Net income: -$165.0 mil Quarterly Net income: -$48.9 mil Pretax return on assets: -13.08% (-$131,997.3 mil) Quarterly Pretax return on assets: -17.74% (-$179,023.9 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
79Total employees (full-time equivalent)
$1,009,154Total assets
$34,381Cash and due from depository institutions
$32,344Interest-bearing balances
$86,932Securities
$8,453Federal funds sold & reverse repurchase agreements
$833,118Net loans & leases
$64,068Loan loss allowance
$0Trading account assets
$1,907Bank premises and fixed assets
$14,273Other real estate owned
$0Goodwill and other intangibles
$1,009,154Life insurance assets
$30,090All other assets
$1,045,814Total liabilities and capital
$1,037,716Total liabilities
$1,006,993Total deposits
$1,037,716Interest-bearing deposits
$97Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$8,098Subordinated debt
$-36,660All other liabilities
$-36,660Total equity capital
$-36,660Total bank equity capital
$0Perpetual preferred stock
$909Common stock
$98,256Surplus
$-135,825Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$127,033Income earned, not collected on loans
$0Earning assets
$3,613Long-term assets (5+ years)
$960,847Average Assets, year-to-date
$187,195Average Assets, quarterly
$1,306,946Volatile liabilities
$1,097,035Insider loans
$901,248FHLB advances
$1,121,873Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$-36,088Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$77,498Restructured Loans and leases
$24,145Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$61,390Total interest income
$23,580Total interest expense
$37,810Net interest income
$155,665Provision for loan and lease losses
-$12,725Total noninterest income
$0Fiduciary activities
$51Service charges on deposit accounts
$0Trading account gains & fees
-$12,776Additional noninterest income
$29,916Total noninterest expense
$7,959Salaries and employee benefits
$1,752Premises and equipment expense
$20,205Additional noninterest expense
-$160,496Pre-tax net operating income
-$10,442Securities gains (losses)
-$5,914Applicable income taxes
-$165,024Income before extraordinary items
$0Extraordinary gains - net
-$165,024Net income attributable to bank
$0Net charge-offs
-$165,024Cash dividends
$113,060Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.02%Yield on earning assets
1.93%Cost of funding earning assets
3.09%Net interest margin
-1.04%Noninterest income to earning assets
2.45%Noninterest expense to earning assets
-11.85%Net operating income to assets
-12.63%Return on assets (ROA)
-13.08%Pretax return on assets
-329.81%Return on equity (ROE)
-329.81%Retained earnings to average equity (YTD only)
10.41%Net charge-offs to loans
137.68%Credit loss provision to net charge-offs
-0.04%Efficiency ratio
119,259Assets per employee
12.77%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
7.14%Loss allowance to noncurrent loans
50.43%Noncurrent assets plus other real estate owned to assets
14.00%Noncurrent loans to loans
14.16%Net loans and leases to deposits
80.28%Net loans and leases to core deposits
106.65%Equity capital to assets
-3.63%Core capital (leverage) ratio
-3.22%Tier 1 risk-based capital ratio
-4.00%Total risk-based capital ratio
Memoranda
-$4Average assets
$1,306,946Average earning assets
$50,036Average equity
$1,222,312Average loans
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