Community Bank & Trust in Ashland City, Tennessee (TN)



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Community Bank & Trust
GeneralFDIC Certificate #: 35258
Status: Active
Federal Reserve ID: 2851185
Bank Holding Company (Regulatory Top Holder): Community Trust, Inc. (RSSDID: 3213847, Location: Ashland City, TN)
Date Established: October 04, 1999
WWW: http://www.communitybankandtrustonline.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Domestic: 5, Interstate: No)
FDIC's unique #: 77222
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: October 04, 1999
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
LocationAddress: 575 South Main Street, Ashland City, TN 37015
County: Cheatham
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 ChangesCorrections
Merge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $216.9 mil
Equity capital: $21.5 mil
Deposits held in domestic offices: $181.0 mil
Return on assets (ROA): -0.59% (-$1.3 mil)
Quarterly return on assets: -3.61% (-$7.8 mil)
Return on Equity (ROE): -5.78% (-$1.2 mil)
Quarterly return on equity: -35.02% (-$7.4 mil)
Net income: -$1.3 mil
Quarterly Net income: -$2.0 mil
Pretax return on assets: -0.95% (-$2,060.8 mil)
Quarterly Pretax return on assets: -5.34% (-$11,583.7 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)58
Total assets$216,923
Cash and due from depository institutions$3,759
Interest-bearing balances$535
Securities$54,588
Federal funds sold & reverse repurchase agreements$4,845
Net loans & leases$136,533
Loan loss allowance $2,881
Trading account assets$0
Bank premises and fixed assets$6,179
Other real estate owned$2,034
Goodwill and other intangibles$0
All other assets$8,985
Life insurance assets$216,923
Total liabilities and capital$195,452
Total liabilities$181,021
Total deposits$146,065
Interest-bearing deposits$181,021
Deposits held in domestic offices$89
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$13,271
Other borrowed funds $0
Subordinated debt $1,160
All other liabilities $21,471
Total equity capital$21,471
Total bank equity capital$21,471
Perpetual preferred stock$0
Common stock$721
Surplus$11,634
Undivided profits $9,116
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 $6,719
Earning assets $0
Long-term assets (5+ years) $951
Average Assets, year-to-date $196,501
Average Assets, quarterly $42,743
Volatile liabilities $217,562
Insider loans $218,151
FHLB advances $149,967
Loans and leases held for sale $218,714
Unused loan commitments $3,429
Tier 1 (core) risk-based capital $3,429
Tier 2 risk-based capital $20,845
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $15,668
Derivatives$3,504
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $10,619
Total interest expense $2,274
Net interest income $8,345
Provision for loan and lease losses $4,530
Total noninterest income $320
Fiduciary activities $0
Service charges on deposit accounts $857
Trading account gains & fees $0
Additional noninterest income -$537
Total noninterest expense $6,556
Salaries and employee benefits $2,787
Premises and equipment expense $597
Additional noninterest expense $3,172
Pre-tax net operating income -$2,421
Securities gains (losses) $357
Applicable income taxes -$770
Income before extraordinary items -$1,294
Extraordinary gains - net $0
Net income attributable to bank -$1,294
Net charge-offs $0
Cash dividends -$1,294
Sale, conversion, retirement of capital stock, net $4,785
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.43%
Cost of funding earning assets 1.16%
Net interest margin 4.26%
Noninterest income to earning assets 0.16%
Noninterest expense to earning assets 3.35%
Net operating income to assets -0.70%
Return on assets (ROA) -0.59%
Pretax return on assets -0.95%
Return on equity (ROE) -5.78%
Retained earnings to average equity (YTD only) -5.78%
Net charge-offs to loans 3.29%
Credit loss provision to net charge-offs 94.67%
Efficiency ratio0.44%
Assets per employee$75,661
Cash dividends to net income (YTD only)3.74%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.07%
Noncurrent assets plus other real estate owned to assets 42.88%
Noncurrent loans to loans 4.04%
Net loans and leases to deposits4.82%
Net loans and leases to core deposits 75.42%
Equity capital to assets 85.37%
Core capital (leverage) ratio 9.90%
Tier 1 risk-based capital ratio 9.53%
Total risk-based capital ratio 13.90%
Memoranda
Average assets$15
Average earning assets$217,562
Average equity $22,401
Average loans $195,684
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5 Tennessee Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
077222Community Bank & Trust575 South Main Street, Ashland City, TN 37015October 04, 1999Full Service Brick and Mortar
1290906South Cheatham Branch704 Highway 70, Pegram, TN 37143October 04, 1999Full Service Brick and Mortar
2362612Kingston Springs Branch101 W. Kingston Springs Road, Suite A, Kingston Springs, TN 37082December 10, 2001Full Service Brick and Mortar
3419522Pleasant View Branch2566 Highway 49 E, Pleasant View, TN 37146December 16, 2002Full Service Brick and Mortar
4439880Springfield Office/Branch Of Communi3564 Tom Austin Highway, Springfield, TN 37172April 18, 2005Full Service Brick and Mortar
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