Victory Bank and Trust Company in Cordova, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 01, 1998

Victory Bank and Trust Company in Cordova, Tennessee (TN)
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Victory Bank and Trust Company - Overview

General
FDIC Certificate #: 27509
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First American National Bank (#4956)
Federal Reserve ID: 1396988
Date Established: May 19, 1989
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Interstate: No)
OTS Docket #: 10158
FDIC's unique #: 40242
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: May 19, 1989
Last Structure Change Effective Date: June 01, 1998
Last Structure Change Process Date: June 16, 1998
Last Data Update: June 16, 1998
Data Source Date: April 05, 2012
Location
Address: 894 Germantown Parkway, Cordova, TN 38018
County: Shelby
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
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)
Financial Summary
Total assets: $132.9 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

Dollar figures in thousands
57Total employees (full-time equivalent)
$131,588Total assets
$3,816Cash and due from depository institutions
$21Interest-bearing balances
$19,727Securities
$0Federal funds sold & reverse repurchase agreements
$104,059Net loans & leases
$1,292Loan loss allowance
$0Trading account assets
$1,796Bank premises and fixed assets
$0Other real estate owned
$125Goodwill and other intangibles
$0Life insurance assets
$2,065All other assets
$131,588Total liabilities and capital
$124,127Total liabilities
$111,426Total deposits
$94,300Interest-bearing deposits
$111,426Deposits held in domestic offices
0.00%% insured (estimated)
$2,527Federal funds purchased & repurchase agreements
$0Trading liabilities
$6,823Other borrowed funds
$0Subordinated debt
$3,351All other liabilities
$7,461Total equity capital
$7,461Total bank equity capital
$7,461Perpetual preferred stock
$0Common stock
$230Surplus
$4,814Undivided profits
Memoranda
$2,417Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$582Average Assets, year-to-date
$123,807Average Assets, quarterly
$4,214Volatile liabilities
$117,359Insider loans
$124,695FHLB advances
$22,090Loans and leases held for sale
$4,885Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,944Total risk weighted assets
$24,579Total unused commitments
$0Restructured Loans and leases
$114,716Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$10,098Total interest income
$4,834Total interest expense
$5,264Net interest income
$292Provision for loan and lease losses
$797Total noninterest income
$0Fiduciary activities
$333Service charges on deposit accounts
$0Trading account gains & fees
$464Additional noninterest income
$6,127Total noninterest expense
$2,372Salaries and employee benefits
$715Premises and equipment expense
$3,040Additional noninterest expense
-$358Pre-tax net operating income
$3Securities gains (losses)
-$86Applicable income taxes
-$269Income before extraordinary items
$0Extraordinary gains - net
-$269Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$70Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
9.16%Yield on earning assets
4.38%Cost of funding earning assets
4.77%Net interest margin
0.72%Noninterest income to earning assets
5.56%Noninterest expense to earning assets
-0.23%Net operating income to assets
-0.23%Return on assets (ROA)
-0.30%Pretax return on assets
-3.38%Return on equity (ROE)
-3.38%Retained earnings to average equity (YTD only)
0.08%Net charge-offs to loans
417.14%Credit loss provision to net charge-offs
-0.94%Efficiency ratio
100,792Assets per employee
2.31%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.23%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
93.39%Net loans and leases to core deposits
110.64%Equity capital to assets
5.67%Core capital (leverage) ratio
5.92%Tier 1 risk-based capital ratio
6.39%Total risk-based capital ratio
Memoranda
$8Average assets
$117,359Average earning assets
$7,965Average equity
$110,264Average loans

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