The Bank of Troy in Troy, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 15, 1999

The Bank of Troy in Troy, Tennessee (TN)
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The Bank of Troy - Overview

General
FDIC Certificate #: 2405
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Citizens National Bank (#4972)
Federal Reserve ID: 471552
Date Established: April 05, 1889
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
OTS Docket #: 13734
FDIC's unique #: 1583
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: Febuary 15, 1999
Last Structure Change Process Date: March 01, 1999
Last Data Update: March 01, 1999
Data Source Date: April 05, 2012
Location
Address: Harper Street, Troy, TN 38260
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
Financial Summary
Total assets: $56.6 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, 1998)

Dollar figures in thousands
17Total employees (full-time equivalent)
$56,626Total assets
$1,923Cash and due from depository institutions
$95Interest-bearing balances
$19,395Securities
$2,000Federal funds sold & reverse repurchase agreements
$26,955Net loans & leases
$342Loan loss allowance
$0Trading account assets
$1,002Bank premises and fixed assets
$2Other real estate owned
$3,188Goodwill and other intangibles
$0Life insurance assets
$2,161All other assets
$56,626Total liabilities and capital
$46,843Total liabilities
$43,258Total deposits
$39,472Interest-bearing deposits
$43,258Deposits held in domestic offices
0.00%% insured (estimated)
$1,000Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,000Other borrowed funds
$0Subordinated debt
$585All other liabilities
$9,783Total equity capital
$9,783Total bank equity capital
$9,783Perpetual preferred stock
$0Common stock
$323Surplus
$9,370Undivided profits
Memoranda
$90Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$95Earning assets
$0Long-term assets (5+ years)
$439Average Assets, year-to-date
$48,445Average Assets, quarterly
$24,350Volatile liabilities
$57,941Insider loans
$57,635FHLB advances
$7,689Loans and leases held for sale
$178Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,802Total unused commitments
$0Restructured Loans and leases
$31,929Derivatives

Income and Expense (December 31, 1998)

Dollar figures in thousands
$3,400Total interest income
$1,947Total interest expense
$1,453Net interest income
$401Provision for loan and lease losses
$303Total noninterest income
$0Fiduciary activities
$160Service charges on deposit accounts
$0Trading account gains & fees
$143Additional noninterest income
$1,410Total noninterest expense
$632Salaries and employee benefits
$101Premises and equipment expense
$677Additional noninterest expense
-$55Pre-tax net operating income
-$35Securities gains (losses)
-$78Applicable income taxes
-$12Income before extraordinary items
$0Extraordinary gains - net
-$12Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$429Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1998)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.68%Yield on earning assets
3.83%Cost of funding earning assets
2.86%Net interest margin
0.60%Noninterest income to earning assets
2.77%Noninterest expense to earning assets
0.02%Net operating income to assets
-0.02%Return on assets (ROA)
-0.16%Pretax return on assets
-0.14%Return on equity (ROE)
-0.14%Retained earnings to average equity (YTD only)
1.52%Net charge-offs to loans
93.47%Credit loss provision to net charge-offs
0.81%Efficiency ratio
69,647Assets per employee
3.33%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.25%Loss allowance to noncurrent loans
360.00%Noncurrent assets plus other real estate owned to assets
0.17%Noncurrent loans to loans
0.35%Net loans and leases to deposits
62.31%Net loans and leases to core deposits
73.71%Equity capital to assets
17.28%Core capital (leverage) ratio
11.60%Tier 1 risk-based capital ratio
20.34%Total risk-based capital ratio
Memoranda
$21Average assets
$57,941Average earning assets
$8,720Average equity
$50,863Average loans

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