Central Bank in Savannah, Tennessee (TN)



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Central Bank
GeneralFDIC Certificate #: 31545
Status: Active
Federal Reserve ID: 265676
Date Established: June 30, 1967
WWW: http://www.centralbanksavannah.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
OTS Docket #: 7159
FDIC's unique #: 44379
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: June 30, 1967
Last Structure Change Effective Date: Febuary 24, 2011
Last Structure Change Process Date: Febuary 24, 2011
Last Data Update: Febuary 24, 2011
Data Source Date: April 05, 2012
LocationAddress: 485 Wayne Road, Savannah, TN 38372
County: Hardin
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
History of ChangesChange in Location
Financial SummaryTotal assets: $169.9 mil
Equity capital: $14.2 mil
Deposits held in domestic offices: $144.0 mil
Return on assets (ROA): -0.54% (-$0.9 mil)
Quarterly return on assets: -4.46% (-$7.6 mil)
Return on Equity (ROE): -6.00% (-$0.8 mil)
Quarterly return on equity: -50.41% (-$7.1 mil)
Net income: -$0.9 mil
Quarterly Net income: -$1.9 mil
Pretax return on assets: -0.92% (-$1,563.1 mil)
Quarterly Pretax return on assets: -7.28% (-$12,368.9 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)
Total employees (full-time equivalent)56
Total assets$169,902
Cash and due from depository institutions$3,810
Interest-bearing balances$836
Securities$14,238
Federal funds sold & reverse repurchase agreements$408
Net loans & leases$137,774
Loan loss allowance $5,361
Trading account assets$0
Bank premises and fixed assets$3,563
Other real estate owned$4,249
Goodwill and other intangibles$0
All other assets$5,860
Life insurance assets$169,901
Total liabilities and capital$155,715
Total liabilities$144,041
Total deposits$122,665
Interest-bearing deposits$144,041
Deposits held in domestic offices$93
% insured (estimated)1097.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$8,841
Other borrowed funds $0
Subordinated debt $1,736
All other liabilities $14,186
Total equity capital$14,186
Total bank equity capital$14,186
Perpetual preferred stock$0
Common stock$164
Surplus$1,356
Undivided profits $12,666
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $8,598
Earning assets $0
Long-term assets (5+ years) $1,310
Average Assets, year-to-date $153,256
Average Assets, quarterly $11,807
Volatile liabilities $172,367
Insider loans $172,105
FHLB advances $138,719
Loans and leases held for sale $172,077
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $13,734
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $5,497
Derivatives$1,697
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $9,142
Total interest expense $2,499
Net interest income $6,643
Provision for loan and lease losses $4,190
Total noninterest income $1,253
Fiduciary activities $0
Service charges on deposit accounts $1,116
Trading account gains & fees $0
Additional noninterest income $137
Total noninterest expense $5,437
Salaries and employee benefits $2,945
Premises and equipment expense $721
Additional noninterest expense $1,771
Pre-tax net operating income -$1,731
Securities gains (losses) $150
Applicable income taxes -$658
Income before extraordinary items -$923
Extraordinary gains - net $0
Net income attributable to bank -$923
Net charge-offs $0
Cash dividends -$923
Sale, conversion, retirement of capital stock, net $351
Net operating income $161
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.82%
Cost of funding earning assets 1.59%
Net interest margin 4.23%
Noninterest income to earning assets 0.80%
Noninterest expense to earning assets 3.46%
Net operating income to assets -0.59%
Return on assets (ROA) -0.54%
Pretax return on assets -0.92%
Return on equity (ROE) -6.00%
Retained earnings to average equity (YTD only) -7.05%
Net charge-offs to loans 0.25%
Credit loss provision to net charge-offs 1193.73%
Efficiency ratio7.01%
Assets per employee$68,858
Cash dividends to net income (YTD only)3.03%
Condition Ratios (%)
Loss allowance to loans -17.44%
Loss allowance to noncurrent loans 3.75%
Noncurrent assets plus other real estate owned to assets 62.35%
Noncurrent loans to loans 8.59%
Net loans and leases to deposits6.01%
Net loans and leases to core deposits 95.65%
Equity capital to assets 102.55%
Core capital (leverage) ratio 8.35%
Tier 1 risk-based capital ratio 7.98%
Total risk-based capital ratio 9.90%
Memoranda
Average assets$11
Average earning assets$172,367
Average equity $15,385
Average loans $157,206
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Total Fiduciary and Related Assets (December 31, 2001)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$1,207
Number of Accounts1
Personal trust and agency accounts$1,207
Employee benefit-defined contribution accounts$1,207
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts271
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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3 Tennessee Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
044379Central Bank485 Wayne Road, Savannah, TN 38372June 30, 1967Full Service Brick and Mortar
100285199East Main Street Branch436 East Main Street, Adamsville, TN 38310June 30, 1967Full Service Brick and Mortar
101438924Counce BranchHighway 57 South, Counce, TN 38326Febuary 14, 2005Full Service Brick and Mortar
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