FDIC Certificate #: 21437 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:FSGBANK, National Association (#35525) Federal Reserve ID: 36830 Date Established: Febuary 07, 1974 WWW:http://www.maynardville.comfirststate/ Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 4 (Interstate: No) FDIC's unique #: 14823 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: Febuary 07, 1974 Last Structure Change Effective Date: September 24, 2003 Last Structure Change Process Date: October 22, 2003 Last Data Update: October 22, 2003 Data Source Date: April 05, 2012
Location
Address: 2905 Maynardville Highway, Maynardville, TN 37807 County: Union Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Knoxville Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Knoxville, TN (#3840) Combined Statistical Area (CSA): Knoxville-Sevierville-La Follette, TN (#314) Core Based Statistical Area (CBSA): Knoxville, TN (#28940) CBSA Metro Statistical Area: Knoxville, TN (#28940)
Financial Summary
Total assets: $75.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
33Total employees (full-time equivalent)
$57,842Total assets
$3,142Cash and due from depository institutions
$1,648Interest-bearing balances
$7,755Securities
$14,364Federal funds sold & reverse repurchase agreements
$26,516Net loans & leases
$362Loan loss allowance
$0Trading account assets
$2,492Bank premises and fixed assets
$0Other real estate owned
$2,339Goodwill and other intangibles
$0Life insurance assets
$1,234All other assets
$57,842Total liabilities and capital
$44,764Total liabilities
$44,358Total deposits
$37,802Interest-bearing deposits
$44,358Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$168Other borrowed funds
$0Subordinated debt
$238All other liabilities
$13,078Total equity capital
$13,078Total bank equity capital
$13,078Perpetual preferred stock
$0Common stock
$423Surplus
$13,047Undivided profits
Memoranda
$-392Noncurrent loans and leases
$3,354Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$34Earning assets
$0Long-term assets (5+ years)
$297Average Assets, year-to-date
$50,283Average Assets, quarterly
$510Volatile liabilities
$49,575Insider loans
$54,473FHLB advances
$3,948Loans and leases held for sale
$955Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,354Total unused commitments
$0Restructured Loans and leases
$359Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$1,210Total interest income
$373Total interest expense
$837Net interest income
$0Provision for loan and lease losses
$99Total noninterest income
$0Fiduciary activities
$61Service charges on deposit accounts
$0Trading account gains & fees
$38Additional noninterest income
$1,568Total noninterest expense
$641Salaries and employee benefits
$97Premises and equipment expense
$830Additional noninterest expense
-$632Pre-tax net operating income
$11Securities gains (losses)
-$224Applicable income taxes
-$397Income before extraordinary items
$0Extraordinary gains - net
-$397Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$15Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
2.77%Yield on earning assets
0.85%Cost of funding earning assets
1.92%Net interest margin
0.23%Noninterest income to earning assets
3.59%Noninterest expense to earning assets
-0.82%Net operating income to assets
-0.80%Return on assets (ROA)
-1.25%Pretax return on assets
-5.13%Return on equity (ROE)
-5.13%Retained earnings to average equity (YTD only)
0.07%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
-42.13%Efficiency ratio
156,624Assets per employee
1.75%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.35%Loss allowance to noncurrent loans
1064.71%Noncurrent assets plus other real estate owned to assets
0.06%Noncurrent loans to loans
0.13%Net loans and leases to deposits
59.78%Net loans and leases to core deposits
65.62%Equity capital to assets
22.61%Core capital (leverage) ratio
19.90%Tier 1 risk-based capital ratio
37.00%Total risk-based capital ratio
Memoranda
$38Average assets
$49,575Average earning assets
$7,735Average equity
$43,671Average loans
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