First Advantage Bank in Clarksville, Tennessee (TN)



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First Advantage Bank
GeneralFDIC Certificate #: 30698
Status: Active
Federal Reserve ID: 62772
Date Established: January 01, 1953
WWW: http://www.firstfederalsb.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)
OTS Docket #: 5763
FDIC's unique #: 43532
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: Febuary 09, 1954
Last Structure Change Effective Date: Febuary 03, 2012
Last Structure Change Process Date: Febuary 14, 2012
Last Data Update: Febuary 14, 2012
Data Source Date: April 05, 2012
LocationAddress: 1430 Madison Street, Clarksville, TN 37040
County: Montgomery
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): Clarksville-Hopkinsville, TN-KY (#1660)
Core Based Statistical Area (CBSA): Clarksville, TN-KY (#17300)
CBSA Metro Statistical Area: Clarksville, TN-KY (#17300)
History of ChangesChange in Primary Regulatory Agency
Change in Entity Type
Change in Supervisory Agency
Financial SummaryTotal assets: $366.1 mil
Equity capital: $53.2 mil
Deposits held in domestic offices: $236.6 mil
Return on assets (ROA): 0.56% ($2.0 mil)
Quarterly return on assets: 0.59% ($2.2 mil)
Return on Equity (ROE): 3.81% ($2.0 mil)
Quarterly return on equity: 4.05% ($2.1 mil)
Net income: $2.0 mil
Quarterly Net income: $0.5 mil
Pretax return on assets: 0.89% ($3,258.4 mil)
Quarterly Pretax return on assets: 0.89% ($3,258.4 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)91
Total assets$366,107
Cash and due from depository institutions$9,330
Interest-bearing balances$1,890
Securities$70,280
Federal funds sold & reverse repurchase agreements$1,425
Net loans & leases$265,107
Loan loss allowance $3,755
Trading account assets$0
Bank premises and fixed assets$7,504
Other real estate owned$1,924
Goodwill and other intangibles$0
All other assets$10,537
Life insurance assets$366,105
Total liabilities and capital$312,895
Total liabilities$236,606
Total deposits$222,335
Interest-bearing deposits$236,606
Deposits held in domestic offices$93
% insured (estimated)45105.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$26,771
Other borrowed funds $0
Subordinated debt $4,413
All other liabilities $53,210
Total equity capital$53,210
Total bank equity capital$53,210
Perpetual preferred stock$0
Common stock$10
Surplus$27,968
Undivided profits $25,232
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 $2,647
Earning assets $581
Long-term assets (5+ years) $1,571
Average Assets, year-to-date $338,702
Average Assets, quarterly $0
Volatile liabilities $352,305
Insider loans $362,246
FHLB advances $279,827
Loans and leases held for sale $363,344
Unused loan commitments $517
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $50,269
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $50,853
Derivatives$15,921
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $17,656
Total interest expense $4,178
Net interest income $13,478
Provision for loan and lease losses $967
Total noninterest income $2,416
Fiduciary activities $0
Service charges on deposit accounts $166
Trading account gains & fees $0
Additional noninterest income $2,250
Total noninterest expense $11,812
Salaries and employee benefits $6,622
Premises and equipment expense $2,386
Additional noninterest expense $2,804
Pre-tax net operating income $3,115
Securities gains (losses) $25
Applicable income taxes $1,167
Income before extraordinary items $1,973
Extraordinary gains - net $0
Net income attributable to bank $1,973
Net charge-offs $0
Cash dividends $1,973
Sale, conversion, retirement of capital stock, net $597
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 assets5.36%
Cost of funding earning assets 1.27%
Net interest margin 4.10%
Noninterest income to earning assets 0.73%
Noninterest expense to earning assets 3.59%
Net operating income to assets 0.56%
Return on assets (ROA) 0.56%
Pretax return on assets 0.89%
Return on equity (ROE) 3.81%
Retained earnings to average equity (YTD only) 3.81%
Net charge-offs to loans 0.24%
Credit loss provision to net charge-offs 161.98%
Efficiency ratio6.84%
Assets per employee$74,317
Cash dividends to net income (YTD only)4.02%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.40%
Noncurrent assets plus other real estate owned to assets 141.86%
Noncurrent loans to loans 1.10%
Net loans and leases to deposits0.98%
Net loans and leases to core deposits 112.05%
Equity capital to assets 114.53%
Core capital (leverage) ratio 14.53%
Tier 1 risk-based capital ratio 13.88%
Total risk-based capital ratio 17.96%
Memoranda
Average assets$19
Average earning assets$352,305
Average equity $51,792
Average loans $329,127
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Total Fiduciary and Related Assets (December 31, 2005)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$179
Number of Accounts1
Personal trust and agency accounts$179
Employee benefit-defined contribution accounts$179
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts3
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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5 Tennessee Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
043532First Advantage Bank1430 Madison Street, Clarksville, TN 37040January 01, 1953Full Service Brick and Mortar
12817601929 Madison St Branch1929 Madison St, Clarksville, TN 37043January 01, 1953Full Service Brick and Mortar
100281761Saint Bethlehem Branch2070 Wilma Rudolph Blvd, Clarksville, TN 37040January 01, 1953Full Service Brick and Mortar
101452998Fort Campbell Branch1800 Fort Campbell Boulevard, Clarksville, TN 37042June 30, 1997Full Service Brick and Mortar
102495173Riverbend Banking CenterHwy 48-13 Suite D, Clarksville, TN 37040March 01, 2009Full Service Brick and Mortar
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