FDIC Certificate #: 1465 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First National Bank of Pulaski (#15572) Federal Reserve ID: 122630 Date Established: Febuary 23, 1910 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 15574 FDIC's unique #: 963 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: April 12, 2002 Last Structure Change Process Date: May 07, 2002 Last Data Update: May 07, 2002 Data Source Date: April 05, 2012
Location
Address: Main Street, Belfast, TN 37019 County: Marshall 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 Core Based Statistical Area (CBSA): Lewisburg, TN (#30280) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $22.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)
Dollar figures in thousands
12Total employees (full-time equivalent)
$22,382Total assets
$1,406Cash and due from depository institutions
$0Interest-bearing balances
$5,982Securities
$2,010Federal funds sold & reverse repurchase agreements
$12,418Net loans & leases
$196Loan loss allowance
$0Trading account assets
$93Bank premises and fixed assets
$60Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$413All other assets
$22,382Total liabilities and capital
$19,976Total liabilities
$19,909Total deposits
$17,496Interest-bearing deposits
$19,909Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$67All other liabilities
$2,406Total equity capital
$2,406Total bank equity capital
$2,406Perpetual preferred stock
$0Common stock
$30Surplus
$50Undivided profits
Memoranda
$2,326Noncurrent loans and leases
$1,314Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$216Earning assets
$0Long-term assets (5+ years)
$169Average Assets, year-to-date
$20,410Average Assets, quarterly
$0Volatile liabilities
$21,853Insider loans
$22,285FHLB advances
$623Loans and leases held for sale
$13Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,314Total unused commitments
$0Restructured Loans and leases
$158Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$1,790Total interest income
$810Total interest expense
$980Net interest income
$140Provision for loan and lease losses
$190Total noninterest income
$0Fiduciary activities
$129Service charges on deposit accounts
$0Trading account gains & fees
$61Additional noninterest income
$834Total noninterest expense
$453Salaries and employee benefits
$112Premises and equipment expense
$269Additional noninterest expense
$196Pre-tax net operating income
$0Securities gains (losses)
$37Applicable income taxes
$159Income before extraordinary items
$0Extraordinary gains - net
$159Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$149Sale, conversion, retirement of capital stock, net
$48Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.09%Yield on earning assets
4.11%Cost of funding earning assets
4.98%Net interest margin
0.97%Noninterest income to earning assets
4.24%Noninterest expense to earning assets
0.73%Net operating income to assets
0.73%Return on assets (ROA)
0.90%Pretax return on assets
6.75%Return on equity (ROE)
4.71%Retained earnings to average equity (YTD only)
1.09%Net charge-offs to loans
93.96%Credit loss provision to net charge-offs
2.26%Efficiency ratio
71,282Assets per employee
1.87%Cash dividends to net income (YTD only)
Condition Ratios (%)
30.19%Loss allowance to loans
1.55%Loss allowance to noncurrent loans
90.74%Noncurrent assets plus other real estate owned to assets
1.23%Noncurrent loans to loans
1.71%Net loans and leases to deposits
62.37%Net loans and leases to core deposits
64.39%Equity capital to assets
10.75%Core capital (leverage) ratio
10.71%Tier 1 risk-based capital ratio
19.00%Total risk-based capital ratio
Memoranda
$20Average assets
$21,853Average earning assets
$2,357Average equity
$19,685Average loans
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