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

This bank is inactive as of Febuary 12, 1996

The Bank of West Tennessee in Lexington, Tennessee (TN)
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The Bank of West Tennessee - Overview

General
FDIC Certificate #: 26786
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Bank (#8663)
Federal Reserve ID: 448853
Date Established: September 29, 1986
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Interstate: No)
FDIC's unique #: 35934
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: September 29, 1986
Last Structure Change Effective Date: Febuary 12, 1996
Last Structure Change Process Date: Febuary 21, 1996
Last Data Update: Febuary 21, 1996
Data Source Date: April 05, 2012
Location
Address: 53 East Church Street, Lexington, TN 38351
County: Henderson
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
Financial Summary
Total assets: $34.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$23Total assets
$34,853Cash and due from depository institutions
$1,495Interest-bearing balances
$0Securities
$6,425Federal funds sold & reverse repurchase agreements
$4,577Net loans & leases
$20,010Loan loss allowance
$411Trading account assets
$0Bank premises and fixed assets
$1,960Other real estate owned
$0Goodwill and other intangibles
$386Life insurance assets
$0All other assets
$0Total liabilities and capital
$34,853Total liabilities
$31,611Total deposits
$31,240Interest-bearing deposits
$27,244Deposits held in domestic offices
31240.00%% insured (estimated)
$93Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$371Total equity capital
$371Total bank equity capital
$3,242Perpetual preferred stock
$0Common stock
$440Surplus
$2,426Undivided profits
Memoranda
$376Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$574Income earned, not collected on loans
$206Earning assets
$31,012Long-term assets (5+ years)
$3,195Average Assets, year-to-date
$33,813Average Assets, quarterly
$34,312Volatile liabilities
$4,980Insider loans
$403FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,129Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,238Total risk weighted assets
$21,615Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$2,669Total interest expense
$1,276Net interest income
$1,393Provision for loan and lease losses
$0Total noninterest income
$237Fiduciary activities
$0Service charges on deposit accounts
$175Trading account gains & fees
$0Additional noninterest income
$62Total noninterest expense
$1,315Salaries and employee benefits
$609Premises and equipment expense
$196Additional noninterest expense
$510Pre-tax net operating income
$315Securities gains (losses)
$0Applicable income taxes
$0Income before extraordinary items
$315Extraordinary gains - net
$0Net income attributable to bank
$315Net charge-offs
$222Cash dividends
$163Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.97%Cost of funding earning assets
4.29%Net interest margin
4.68%Noninterest income to earning assets
0.80%Noninterest expense to earning assets
4.42%Net operating income to assets
0.93%Return on assets (ROA)
0.93%Pretax return on assets
0.93%Return on equity (ROE)
10.12%Retained earnings to average equity (YTD only)
4.88%Net charge-offs to loans
1.06%Credit loss provision to net charge-offs
0.00%Efficiency ratio
80,675Assets per employee
1.52%Cash dividends to net income (YTD only)
Condition Ratios (%)
51.75%Loss allowance to loans
2.01%Loss allowance to noncurrent loans
71.60%Noncurrent assets plus other real estate owned to assets
1.65%Noncurrent loans to loans
2.81%Net loans and leases to deposits
64.05%Net loans and leases to core deposits
76.20%Equity capital to assets
9.30%Core capital (leverage) ratio
9.48%Tier 1 risk-based capital ratio
14.98%Total risk-based capital ratio
Memoranda
$16Average assets
$33,813Average earning assets
$3,112Average equity
$29,745Average loans

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