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

This bank is inactive as of June 01, 1995

Farmers Union Bank in Ripley, Tennessee (TN)
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Farmers Union Bank - Overview

General
FDIC Certificate #: 9959
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Union Planters Bank of West Tennessee (#10309)
Federal Reserve ID: 560250
Date Established: January 01, 1934
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
OTS Docket #: 9585
FDIC's unique #: 6365
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: June 01, 1995
Last Structure Change Process Date: June 27, 1995
Last Data Update: June 27, 1995
Data Source Date: April 05, 2012
Location
Address: 139-41 North Main Street, Ripley, TN 38063
County: Lauderdale
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
Financial Summary
Total assets: $65.3 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$34Total assets
$62,990Cash and due from depository institutions
$2,115Interest-bearing balances
$8Securities
$18,072Federal funds sold & reverse repurchase agreements
$300Net loans & leases
$36,071Loan loss allowance
$815Trading account assets
$0Bank premises and fixed assets
$1,834Other real estate owned
$0Goodwill and other intangibles
$888Life insurance assets
$3,710All other assets
$0Total liabilities and capital
$62,990Total liabilities
$54,938Total deposits
$53,989Interest-bearing deposits
$44,529Deposits held in domestic offices
53989.00%% insured (estimated)
$92Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$493Subordinated debt
$0All other liabilities
$456Total equity capital
$456Total bank equity capital
$8,052Perpetual preferred stock
$0Common stock
$150Surplus
$8,083Undivided profits
Memoranda
$-181Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$427Income earned, not collected on loans
$348Earning assets
$54,451Long-term assets (5+ years)
$8,028Average Assets, year-to-date
$65,630Average Assets, quarterly
$63,594Volatile liabilities
$7,778Insider loans
$780FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,068Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,562Total risk weighted assets
$34,259Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$4,243Total interest expense
$1,834Net interest income
$2,409Provision for loan and lease losses
$0Total noninterest income
$320Fiduciary activities
$0Service charges on deposit accounts
$266Trading account gains & fees
$0Additional noninterest income
$54Total noninterest expense
$2,427Salaries and employee benefits
$1,142Premises and equipment expense
$393Additional noninterest expense
$892Pre-tax net operating income
$302Securities gains (losses)
-$39Applicable income taxes
$167Income before extraordinary items
$96Extraordinary gains - net
$0Net income attributable to bank
$96Net charge-offs
$10Cash dividends
$360Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.49%Cost of funding earning assets
3.24%Net interest margin
4.25%Noninterest income to earning assets
0.56%Noninterest expense to earning assets
4.28%Net operating income to assets
0.18%Return on assets (ROA)
0.15%Pretax return on assets
0.40%Return on equity (ROE)
1.14%Retained earnings to average equity (YTD only)
-3.14%Net charge-offs to loans
0.03%Credit loss provision to net charge-offs
0.00%Efficiency ratio
78,820Assets per employee
1.85%Cash dividends to net income (YTD only)
Condition Ratios (%)
375.00%Loss allowance to loans
2.21%Loss allowance to noncurrent loans
190.87%Noncurrent assets plus other real estate owned to assets
0.68%Noncurrent loans to loans
1.16%Net loans and leases to deposits
66.81%Net loans and leases to core deposits
78.06%Equity capital to assets
12.78%Core capital (leverage) ratio
7.57%Tier 1 risk-based capital ratio
13.32%Total risk-based capital ratio
Memoranda
$15Average assets
$65,630Average earning assets
$8,396Average equity
$56,674Average loans

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