Bank of Crockett in Bells, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Bank of Crockett - Overview

  • General
  • FDIC Certificate #: 1468
    Status: Active
    Federal Reserve ID: 324854
    Bank Holding Company (Regulatory Top Holder): Security Bancorp Of Tennessee, Inc. (RSSDID: 1135374, Location: Halls, TN)
    Date Established: April 22, 1887
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 10545
    FDIC's unique #: 965
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 104 Main Street, Bells, TN 38006
    County: Crockett
    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
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $143.2 mil
    Equity capital: $15.3 mil
    Deposits held in domestic offices: $124.8 mil
    Return on assets (ROA): 1.26% ($1.8 mil)
    Quarterly return on assets: 1.10% ($1.6 mil)
    Return on Equity (ROE): 11.28% ($1.7 mil)
    Quarterly return on equity: 9.85% ($1.5 mil)
    Net income: $1.6 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 1.56% ($2,233.7 mil)
    Quarterly Pretax return on assets: 1.28% ($1,832.8 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, 2011)

  • Dollar figures in thousands
  • 38Total employees (full-time equivalent)
  • $143,187Total assets
  • $7,195Cash and due from depository institutions
  • $589Interest-bearing balances
  • $73,141Securities
  • $14,362Federal funds sold & reverse repurchase agreements
  • $38,326Net loans & leases
  • $967Loan loss allowance
  • $0Trading account assets
  • $2,300Bank premises and fixed assets
  • $1,561Other real estate owned
  • $381Goodwill and other intangibles
  • $143,187Life insurance assets
  • $5,921All other assets
  • $127,889Total liabilities and capital
  • $124,797Total liabilities
  • $100,052Total deposits
  • $124,797Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,500Trading liabilities
  • $0Other borrowed funds
  • $1,592Subordinated debt
  • $15,298All other liabilities
  • $15,298Total equity capital
  • $15,298Total bank equity capital
  • $0Perpetual preferred stock
  • $50Common stock
  • $2,700Surplus
  • $12,548Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,188Income earned, not collected on loans
  • $0Earning assets
  • $867Long-term assets (5+ years)
  • $126,418Average Assets, year-to-date
  • $74,094Average Assets, quarterly
  • $130,488Volatile liabilities
  • $138,578Insider loans
  • $73,044FHLB advances
  • $137,240Loans and leases held for sale
  • $3,308Unused loan commitments
  • $3,308Tier 1 (core) risk-based capital
  • $13,167Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,978Restructured Loans and leases
  • $1,470Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,980Total interest income
  • $862Total interest expense
  • $4,118Net interest income
  • $50Provision for loan and lease losses
  • $520Total noninterest income
  • $0Fiduciary activities
  • $300Service charges on deposit accounts
  • $0Trading account gains & fees
  • $220Additional noninterest income
  • $2,555Total noninterest expense
  • $1,346Salaries and employee benefits
  • $360Premises and equipment expense
  • $849Additional noninterest expense
  • $2,033Pre-tax net operating income
  • $0Securities gains (losses)
  • $395Applicable income taxes
  • $1,638Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,638Net income attributable to bank
  • $0Net charge-offs
  • $1,638Cash dividends
  • $27Sale, conversion, retirement of capital stock, net
  • $600Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.26%Yield on earning assets
  • 0.74%Cost of funding earning assets
  • 3.52%Net interest margin
  • 0.44%Noninterest income to earning assets
  • 2.18%Noninterest expense to earning assets
  • 1.26%Net operating income to assets
  • 1.26%Return on assets (ROA)
  • 1.56%Pretax return on assets
  • 11.28%Return on equity (ROE)
  • 7.15%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 185.19%Credit loss provision to net charge-offs
  • 77.15%Efficiency ratio
  • 55,088Assets per employee
  • 3.77%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 36.63%Loss allowance to loans
  • 2.46%Loss allowance to noncurrent loans
  • 81.40%Noncurrent assets plus other real estate owned to assets
  • 1.92%Noncurrent loans to loans
  • 3.02%Net loans and leases to deposits
  • 30.71%Net loans and leases to core deposits
  • 32.26%Equity capital to assets
  • 10.68%Core capital (leverage) ratio
  • 9.59%Tier 1 risk-based capital ratio
  • 18.03%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $130,488Average earning assets
  • $14,527Average equity
  • $116,965Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $184Managed Assets
  • 1Number of Accounts
  • $184Personal trust and agency accounts
  • $184Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 4Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 6 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0965Bank Of Crockett104 Main Street, Bells, TN 38006April 22, 1887Full Service Brick and Mortar
    1189539Crocket Mills Branch31 Crockett Mills Jackson Store Road, Crockett Mills, TN 38021November 19, 1919Full Service Brick and Mortar
    2189540Gadsden Branch120 Quincy Road, Gadsden, TN 38337August 03, 1937Full Service Brick and Mortar
    3276927Alamo Branch524 South Bells Street, Alamo, TN 38001January 01, 1935Full Service Brick and Mortar
    4189541South Bells Branch380 South Bells Street, Alamo, TN 38001October 10, 1989Limited Service Facility
    5526216Highway 412 Branch2195 Cypress Church Rd, Bells, TN 38006October 03, 2011Full Service Brick and Mortar

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