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

This bank is inactive as of June 10, 2003

  • Bank of Murfreesboro in Murfreesboro, Tennessee (TN)
  • Show street view No street view available for this location

Bank of Murfreesboro - Overview

  • General
  • FDIC Certificate #: 34595
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Bank (#8663)
    Federal Reserve ID: 2598248
    Date Established: October 06, 1997
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Interstate: No)
    OTS Docket #: 15759
    FDIC's unique #: 60759
    Numeric code: 13
    Regulator: FED
    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: October 06, 1997
    Last Structure Change Effective Date: June 10, 2003
    Last Structure Change Process Date: June 12, 2003
    Last Data Update: June 12, 2003
    Data Source Date: April 05, 2012
  • Location
  • Address: 615 Memorial Boulevard, Murfreesboro, TN 37129
    County: Rutherford
    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: $151.8 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, 2002)

  • Dollar figures in thousands
  • 58Total employees (full-time equivalent)
  • $149,973Total assets
  • $3,472Cash and due from depository institutions
  • $25Interest-bearing balances
  • $31,141Securities
  • $5,322Federal funds sold & reverse repurchase agreements
  • $100,992Net loans & leases
  • $918Loan loss allowance
  • $0Trading account assets
  • $4,812Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $4,234All other assets
  • $149,973Total liabilities and capital
  • $136,887Total liabilities
  • $127,433Total deposits
  • $118,069Interest-bearing deposits
  • $127,433Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,900Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $6,000Other borrowed funds
  • $0Subordinated debt
  • $1,554All other liabilities
  • $13,086Total equity capital
  • $13,086Total bank equity capital
  • $13,086Perpetual preferred stock
  • $0Common stock
  • $5,560Surplus
  • $6,140Undivided profits
  • Memoranda
  • $1,386Noncurrent loans and leases
  • $9,722Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $544Earning assets
  • $0Long-term assets (5+ years)
  • $895Average Assets, year-to-date
  • $137,480Average Assets, quarterly
  • $6,720Volatile liabilities
  • $143,795Insider loans
  • $149,788FHLB advances
  • $32,062Loans and leases held for sale
  • $2,943Unused loan commitments
  • $4,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $9,722Total unused commitments
  • $0Restructured Loans and leases
  • $918Derivatives

Income and Expense (December 31, 2002)

  • Dollar figures in thousands
  • $8,755Total interest income
  • $3,365Total interest expense
  • $5,390Net interest income
  • $47Provision for loan and lease losses
  • $1,578Total noninterest income
  • $0Fiduciary activities
  • $727Service charges on deposit accounts
  • $0Trading account gains & fees
  • $851Additional noninterest income
  • $5,173Total noninterest expense
  • $2,750Salaries and employee benefits
  • $716Premises and equipment expense
  • $1,707Additional noninterest expense
  • $1,748Pre-tax net operating income
  • $0Securities gains (losses)
  • $657Applicable income taxes
  • $1,091Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,091Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $129Sale, conversion, retirement of capital stock, net
  • $195Net operating income

Performance and Condition Ratios (December 31, 2002)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.68%Yield on earning assets
  • 2.57%Cost of funding earning assets
  • 4.11%Net interest margin
  • 1.20%Noninterest income to earning assets
  • 3.94%Noninterest expense to earning assets
  • 0.76%Net operating income to assets
  • 0.76%Return on assets (ROA)
  • 1.22%Pretax return on assets
  • 8.69%Return on equity (ROE)
  • 7.14%Retained earnings to average equity (YTD only)
  • 0.13%Net charge-offs to loans
  • 36.43%Credit loss provision to net charge-offs
  • 13.91%Efficiency ratio
  • 74,239Assets per employee
  • 2.59%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 17.87%Loss allowance to loans
  • 0.90%Loss allowance to noncurrent loans
  • 168.75%Noncurrent assets plus other real estate owned to assets
  • 0.36%Noncurrent loans to loans
  • 0.53%Net loans and leases to deposits
  • 79.25%Net loans and leases to core deposits
  • 103.83%Equity capital to assets
  • 8.73%Core capital (leverage) ratio
  • 8.52%Tier 1 risk-based capital ratio
  • 12.53%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $143,795Average earning assets
  • $12,556Average equity
  • $131,146Average loans

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