FDIC Certificate #: 34556 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Concord EFS National Bank (#33746) Federal Reserve ID: 2568438 Date Established: August 25, 1997 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 14443 FDIC's unique #: 59063 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: August 25, 1997 Last Structure Change Effective Date: August 26, 2002 Last Structure Change Process Date: September 18, 2002 Last Data Update: September 18, 2002 Data Source Date: April 05, 2012
Location
Address: 1605 N. Germantown Parkway, Suite 106, Cordova, TN 38018 County: Shelby 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)
Financial Summary
Total assets: $412.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)
Dollar figures in thousands
15Total employees (full-time equivalent)
$435,199Total assets
$6,666Cash and due from depository institutions
$3,290Interest-bearing balances
$316,240Securities
$12,222Federal funds sold & reverse repurchase agreements
$87,933Net loans & leases
$1,724Loan loss allowance
$0Trading account assets
$359Bank premises and fixed assets
$174Other real estate owned
$283Goodwill and other intangibles
$0Life insurance assets
$11,322All other assets
$435,199Total liabilities and capital
$333,464Total liabilities
$222,594Total deposits
$222,167Interest-bearing deposits
$222,594Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$107,458Other borrowed funds
$0Subordinated debt
$3,412All other liabilities
$101,735Total equity capital
$101,735Total bank equity capital
$101,735Perpetual preferred stock
$0Common stock
$1Surplus
$91,546Undivided profits
Memoranda
$10,188Noncurrent loans and leases
$23,832Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,203Earning assets
$0Long-term assets (5+ years)
$2,352Average Assets, year-to-date
$419,685Average Assets, quarterly
$0Volatile liabilities
$349,422Insider loans
$436,953FHLB advances
$266,031Loans and leases held for sale
$0Unused loan commitments
$107,458Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$14,559Total unused commitments
$0Restructured Loans and leases
$1,724Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$21,935Total interest income
$13,138Total interest expense
$8,797Net interest income
$725Provision for loan and lease losses
$2,231Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$498Trading account gains & fees
$1,733Additional noninterest income
$1,927Total noninterest expense
$820Salaries and employee benefits
$422Premises and equipment expense
$685Additional noninterest expense
$8,376Pre-tax net operating income
$0Securities gains (losses)
$2,439Applicable income taxes
$5,937Income before extraordinary items
$0Extraordinary gains - net
$5,937Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$24Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.52%Yield on earning assets
3.90%Cost of funding earning assets
2.61%Net interest margin
0.66%Noninterest income to earning assets
0.57%Noninterest expense to earning assets
1.70%Net operating income to assets
1.70%Return on assets (ROA)
2.40%Pretax return on assets
7.32%Return on equity (ROE)
7.32%Retained earnings to average equity (YTD only)
-0.03%Net charge-offs to loans
-3020.83%Credit loss provision to net charge-offs
0.00%Efficiency ratio
17,002Assets per employee
29.01%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.92%Loss allowance to noncurrent loans
143.31%Noncurrent assets plus other real estate owned to assets
0.32%Noncurrent loans to loans
1.34%Net loans and leases to deposits
39.50%Net loans and leases to core deposits
137.35%Equity capital to assets
23.38%Core capital (leverage) ratio
23.90%Tier 1 risk-based capital ratio
63.45%Total risk-based capital ratio
Memoranda
$64Average assets
$349,422Average earning assets
$81,054Average equity
$336,626Average loans
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