FDIC Certificate #: 35559 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Bank of the South (#57152) Federal Reserve ID: 2919076 Date Established: November 01, 2000 WWW:http://www.academybank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 81670 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: November 01, 2000 Last Structure Change Effective Date: June 01, 2005 Last Structure Change Process Date: June 16, 2005 Last Data Update: June 16, 2005 Data Source Date: April 05, 2012
Location
Address: 401 Castle Heights Avenue North, Lebanon, TN 37087 County: Wilson 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: $43.4 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2004)
Dollar figures in thousands
17Total employees (full-time equivalent)
$45,608Total assets
$682Cash and due from depository institutions
$0Interest-bearing balances
$7,263Securities
$179Federal funds sold & reverse repurchase agreements
$34,756Net loans & leases
$442Loan loss allowance
$0Trading account assets
$2,109Bank premises and fixed assets
$22Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$597All other assets
$45,608Total liabilities and capital
$40,185Total liabilities
$38,597Total deposits
$33,628Interest-bearing deposits
$38,597Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,329Other borrowed funds
$0Subordinated debt
$259All other liabilities
$5,423Total equity capital
$5,423Total bank equity capital
$5,423Perpetual preferred stock
$0Common stock
$512Surplus
$4,608Undivided profits
Memoranda
$303Noncurrent loans and leases
$4,970Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$41Earning assets
$0Long-term assets (5+ years)
$211Average Assets, year-to-date
$42,198Average Assets, quarterly
$5,473Volatile liabilities
$43,186Insider loans
$45,086FHLB advances
$13,447Loans and leases held for sale
$2,214Unused loan commitments
$1,329Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$897Total risk weighted assets
$4,970Total unused commitments
$0Restructured Loans and leases
$442Derivatives
Income and Expense (December 31, 2004)
Dollar figures in thousands
$2,475Total interest income
$782Total interest expense
$1,693Net interest income
$73Provision for loan and lease losses
$539Total noninterest income
$0Fiduciary activities
$195Service charges on deposit accounts
$0Trading account gains & fees
$344Additional noninterest income
$1,547Total noninterest expense
$794Salaries and employee benefits
$199Premises and equipment expense
$554Additional noninterest expense
$612Pre-tax net operating income
$0Securities gains (losses)
$223Applicable income taxes
$389Income before extraordinary items
$0Extraordinary gains - net
$389Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$58Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2004)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.24%Yield on earning assets
1.97%Cost of funding earning assets
4.27%Net interest margin
1.36%Noninterest income to earning assets
3.90%Noninterest expense to earning assets
0.90%Net operating income to assets
0.90%Return on assets (ROA)
1.42%Pretax return on assets
7.46%Return on equity (ROE)
7.46%Retained earnings to average equity (YTD only)
0.18%Net charge-offs to loans
125.86%Credit loss provision to net charge-offs
11.81%Efficiency ratio
69,310Assets per employee
2.68%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.26%Loss allowance to noncurrent loans
1078.05%Noncurrent assets plus other real estate owned to assets
0.14%Noncurrent loans to loans
0.12%Net loans and leases to deposits
90.05%Net loans and leases to core deposits
131.26%Equity capital to assets
11.89%Core capital (leverage) ratio
12.08%Tier 1 risk-based capital ratio
15.09%Total risk-based capital ratio
Memoranda
$16Average assets
$43,186Average earning assets
$5,213Average equity
$39,663Average loans
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