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

  • Brighton Bank in Brighton, Tennessee (TN)
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Brighton Bank - Overview

  • General
  • FDIC Certificate #: 9189
    Status: Active
    Federal Reserve ID: 227656
    Bank Holding Company (Regulatory Top Holder): Brighton Bancorp, Inc. (RSSDID: 1140248, Location: Brighton, TN)
    Date Established: October 10, 1910
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 13682
    FDIC's unique #: 5883
    Numeric code: 21
    Regulator: FDIC
    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: Commercial Lending Specialization
    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: 7663 Highway 51 South, Brighton, TN 38011
    County: Tipton
    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)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $69.6 mil
    Equity capital: $4.0 mil
    Deposits held in domestic offices: $62.7 mil
    Return on assets (ROA): -1.34% (-$0.9 mil)
    Quarterly return on assets: -3.29% (-$2.3 mil)
    Return on Equity (ROE): -21.33% (-$0.9 mil)
    Quarterly return on equity: -52.58% (-$2.1 mil)
    Net income: -$1.0 mil
    Quarterly Net income: -$0.6 mil
    Pretax return on assets: -1.34% (-$932.5 mil)
    Quarterly Pretax return on assets: -3.36% (-$2,338.3 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
  • 16Total employees (full-time equivalent)
  • $69,593Total assets
  • $2,228Cash and due from depository institutions
  • $32Interest-bearing balances
  • $11,962Securities
  • $4,903Federal funds sold & reverse repurchase agreements
  • $43,797Net loans & leases
  • $992Loan loss allowance
  • $0Trading account assets
  • $2,405Bank premises and fixed assets
  • $3,139Other real estate owned
  • $0Goodwill and other intangibles
  • $69,593Life insurance assets
  • $1,159All other assets
  • $65,547Total liabilities and capital
  • $62,690Total liabilities
  • $54,261Total deposits
  • $62,690Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,500Trading liabilities
  • $0Other borrowed funds
  • $357Subordinated debt
  • $4,046All other liabilities
  • $4,046Total equity capital
  • $4,046Total bank equity capital
  • $0Perpetual preferred stock
  • $75Common stock
  • $3,800Surplus
  • $171Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,566Income earned, not collected on loans
  • $0Earning assets
  • $254Long-term assets (5+ years)
  • $60,694Average Assets, year-to-date
  • $14,444Average Assets, quarterly
  • $71,636Volatile liabilities
  • $69,688Insider loans
  • $50,537FHLB advances
  • $69,988Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,901Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,206Restructured Loans and leases
  • $179Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,235Total interest income
  • $817Total interest expense
  • $2,418Net interest income
  • $1,441Provision for loan and lease losses
  • $525Total noninterest income
  • $0Fiduciary activities
  • $243Service charges on deposit accounts
  • $0Trading account gains & fees
  • $282Additional noninterest income
  • $2,550Total noninterest expense
  • $1,034Salaries and employee benefits
  • $378Premises and equipment expense
  • $1,138Additional noninterest expense
  • -$1,048Pre-tax net operating income
  • $86Securities gains (losses)
  • $0Applicable income taxes
  • -$962Income before extraordinary items
  • $0Extraordinary gains - net
  • -$962Net income attributable to bank
  • $0Net charge-offs
  • -$962Cash dividends
  • $1,491Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.13%Yield on earning assets
  • 1.30%Cost of funding earning assets
  • 3.83%Net interest margin
  • 0.83%Noninterest income to earning assets
  • 4.04%Noninterest expense to earning assets
  • -1.46%Net operating income to assets
  • -1.34%Return on assets (ROA)
  • -1.34%Pretax return on assets
  • -21.33%Return on equity (ROE)
  • -21.33%Retained earnings to average equity (YTD only)
  • 3.08%Net charge-offs to loans
  • 96.65%Credit loss provision to net charge-offs
  • 0.26%Efficiency ratio
  • 86,646Assets per employee
  • 4.35%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.21%Loss allowance to noncurrent loans
  • 38.66%Noncurrent assets plus other real estate owned to assets
  • 8.20%Noncurrent loans to loans
  • 5.73%Net loans and leases to deposits
  • 69.86%Net loans and leases to core deposits
  • 75.27%Equity capital to assets
  • 5.81%Core capital (leverage) ratio
  • 5.57%Tier 1 risk-based capital ratio
  • 7.72%Total risk-based capital ratio
  • Memoranda
  • $9Average assets
  • $71,636Average earning assets
  • $4,509Average equity
  • $63,052Average loans

List of branches

  • 3 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05883Brighton Bank7663 Highway 51 South, Brighton, TN 38011October 10, 1910Full Service Brick and Mortar
    3424189Quail Hollow Branch6489 Quail Hollow, Memphis, TN 38120November 24, 2003Full Service Brick and Mortar
    4490053Rosemark Branch8637 Rosemark Road, Millington, TN 38053April 24, 2009Full Service Brick and Mortar

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