Commerce Union Bank in Springfield, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches


Commerce Union Bank - Overview

  • General
  • FDIC Certificate #: 58366
    Status: Active
    Federal Reserve ID: 3415463
    Date Established: August 14, 2006
    WWW: http://www.commerceunionbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 447876
    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: Commercial Lending Specialization
    Date of Deposit Insurance: August 14, 2006
    Last Structure Change Effective Date: August 14, 2006
    Last Structure Change Process Date: August 21, 2006
    Last Data Update: August 21, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 701 South Main Street, Springfield, TN 37172
    County: Robertson
    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)
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
    New Institution
  • Financial Summary
  • Total assets: $208.9 mil
    Equity capital: $32.1 mil
    Deposits held in domestic offices: $158.1 mil
    Return on assets (ROA): 0.61% ($1.3 mil)
    Quarterly return on assets: 0.90% ($1.9 mil)
    Return on Equity (ROE): 3.88% ($1.2 mil)
    Quarterly return on equity: 5.91% ($1.9 mil)
    Net income: $1.2 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 0.61% ($1,274.5 mil)
    Quarterly Pretax return on assets: 0.90% ($1,880.4 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
  • 44Total employees (full-time equivalent)
  • $208,932Total assets
  • $8,829Cash and due from depository institutions
  • $7,980Interest-bearing balances
  • $37,346Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $153,901Net loans & leases
  • $2,185Loan loss allowance
  • $0Trading account assets
  • $5,204Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $208,931Life insurance assets
  • $3,652All other assets
  • $176,817Total liabilities and capital
  • $158,118Total liabilities
  • $135,832Total deposits
  • $158,118Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 277.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $17,931Trading liabilities
  • $0Other borrowed funds
  • $491Subordinated debt
  • $32,114All other liabilities
  • $32,114Total equity capital
  • $32,114Total bank equity capital
  • $0Perpetual preferred stock
  • $3,062Common stock
  • $31,495Surplus
  • $-2,443Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,888Income earned, not collected on loans
  • $0Earning assets
  • $1,199Long-term assets (5+ years)
  • $199,227Average Assets, year-to-date
  • $53,732Average Assets, quarterly
  • $200,989Volatile liabilities
  • $211,948Insider loans
  • $160,296FHLB advances
  • $213,613Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $31,305Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $31,743Restructured Loans and leases
  • $1,370Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,704Total interest income
  • $2,409Total interest expense
  • $7,295Net interest income
  • $643Provision for loan and lease losses
  • $846Total noninterest income
  • $0Fiduciary activities
  • $435Service charges on deposit accounts
  • $0Trading account gains & fees
  • $411Additional noninterest income
  • $6,273Total noninterest expense
  • $3,698Salaries and employee benefits
  • $735Premises and equipment expense
  • $1,840Additional noninterest expense
  • $1,225Pre-tax net operating income
  • $7Securities gains (losses)
  • $0Applicable income taxes
  • $1,232Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,232Net income attributable to bank
  • $0Net charge-offs
  • $1,232Cash dividends
  • $103Sale, conversion, retirement of capital stock, net
  • $337Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.08%Yield on earning assets
  • 1.26%Cost of funding earning assets
  • 3.82%Net interest margin
  • 0.44%Noninterest income to earning assets
  • 3.28%Noninterest expense to earning assets
  • 0.61%Net operating income to assets
  • 0.61%Return on assets (ROA)
  • 0.61%Pretax return on assets
  • 3.88%Return on equity (ROE)
  • 2.82%Retained earnings to average equity (YTD only)
  • 0.07%Net charge-offs to loans
  • 624.27%Credit loss provision to net charge-offs
  • 18.14%Efficiency ratio
  • 77,054Assets per employee
  • 4.75%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 27.35%Loss allowance to loans
  • 1.40%Loss allowance to noncurrent loans
  • 115.73%Noncurrent assets plus other real estate owned to assets
  • 0.90%Noncurrent loans to loans
  • 1.21%Net loans and leases to deposits
  • 97.33%Net loans and leases to core deposits
  • 112.41%Equity capital to assets
  • 15.37%Core capital (leverage) ratio
  • 14.66%Tier 1 risk-based capital ratio
  • 19.53%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $200,989Average earning assets
  • $31,712Average equity
  • $191,006Average loans

List of branches

  • 3 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0447876Commerce Union Bank701 South Main Street, Springfield, TN 37172August 14, 2006Full Service Brick and Mortar
    1479364Gallatin Branch1204 Nashville Pike, Gallatin, TN 37066May 16, 2007Full Service Brick and Mortar
    2511769East Main Branch425 East Main Street, Gallatin, TN 37066May 07, 2010Full Service Brick and Mortar

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