Farmers Bank in Cornersville, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 01, 2006

  • Farmers Bank in Cornersville, Tennessee (TN)
  • Show street view No street view available for this location

Farmers Bank - Overview

  • General
  • FDIC Certificate #: 1692
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: CB&S Bank, Inc. (#15310)
    Federal Reserve ID: 770330
    Date Established: January 01, 1904
    WWW: http://www.bankfarmers.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    OTS Docket #: 13911
    FDIC's unique #: 1114
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: May 01, 2006
    Last Structure Change Process Date: May 17, 2006
    Last Data Update: May 17, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 131 South Main Street, Cornersville, TN 37047
    County: Marshall
    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
    Core Based Statistical Area (CBSA): Lewisburg, TN (#30280)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $79.7 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, 2005)

  • Dollar figures in thousands
  • 32Total employees (full-time equivalent)
  • $80,992Total assets
  • $1,318Cash and due from depository institutions
  • $0Interest-bearing balances
  • $11,979Securities
  • $813Federal funds sold & reverse repurchase agreements
  • $61,229Net loans & leases
  • $933Loan loss allowance
  • $0Trading account assets
  • $2,055Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $3,598All other assets
  • $80,992Total liabilities and capital
  • $72,541Total liabilities
  • $60,647Total deposits
  • $52,312Interest-bearing deposits
  • $60,647Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $11,497Other borrowed funds
  • $0Subordinated debt
  • $397All other liabilities
  • $8,451Total equity capital
  • $8,451Total bank equity capital
  • $8,451Perpetual preferred stock
  • $0Common stock
  • $1,839Surplus
  • $1,084Undivided profits
  • Memoranda
  • $5,528Noncurrent loans and leases
  • $3,486Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $902Earning assets
  • $0Long-term assets (5+ years)
  • $444Average Assets, year-to-date
  • $74,021Average Assets, quarterly
  • $11,843Volatile liabilities
  • $82,397Insider loans
  • $81,997FHLB advances
  • $13,149Loans and leases held for sale
  • $1,518Unused loan commitments
  • $11,497Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,486Total unused commitments
  • $410Restructured Loans and leases
  • $698Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $4,789Total interest income
  • $1,963Total interest expense
  • $2,826Net interest income
  • $40Provision for loan and lease losses
  • $551Total noninterest income
  • $0Fiduciary activities
  • $331Service charges on deposit accounts
  • $0Trading account gains & fees
  • $220Additional noninterest income
  • $2,799Total noninterest expense
  • $1,644Salaries and employee benefits
  • $260Premises and equipment expense
  • $895Additional noninterest expense
  • $538Pre-tax net operating income
  • $8Securities gains (losses)
  • $135Applicable income taxes
  • $411Income before extraordinary items
  • $0Extraordinary gains - net
  • $411Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $10Sale, conversion, retirement of capital stock, net
  • $405Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.40%Yield on earning assets
  • 2.62%Cost of funding earning assets
  • 3.77%Net interest margin
  • 0.74%Noninterest income to earning assets
  • 3.74%Noninterest expense to earning assets
  • 0.49%Net operating income to assets
  • 0.50%Return on assets (ROA)
  • 0.66%Pretax return on assets
  • 4.83%Return on equity (ROE)
  • 0.07%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 400.00%Credit loss provision to net charge-offs
  • 57.80%Efficiency ratio
  • 82,884Assets per employee
  • 2.53%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 98.54%Loss allowance to loans
  • 1.50%Loss allowance to noncurrent loans
  • 103.44%Noncurrent assets plus other real estate owned to assets
  • 1.11%Noncurrent loans to loans
  • 1.45%Net loans and leases to deposits
  • 100.96%Net loans and leases to core deposits
  • 124.05%Equity capital to assets
  • 10.43%Core capital (leverage) ratio
  • 10.41%Tier 1 risk-based capital ratio
  • 15.37%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $82,397Average earning assets
  • $8,511Average equity
  • $74,863Average loans

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