First Bank in Lexington, Tennessee (TN), SC
Overview, Financial Summary, Detailed Financial Reports, Branches

  • First Bank in Lexington, Tennessee (TN), SC
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First Bank - Overview

  • General
  • FDIC Certificate #: 8663
    Status: Active
    Federal Reserve ID: 436159
    Bank Holding Company (Regulatory Top Holder): First South Bancorp, Inc. (RSSDID: 1132104, Location: Lexington, TN)
    Date Established: January 01, 1906
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 54 (Domestic: 53, Interstate: No)
    OTS Docket #: 11468
    FDIC's unique #: 5522
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: Febuary 21, 2012
    Last Structure Change Process Date: Febuary 21, 2012
    Last Data Update: Febuary 21, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 30 South Main Street, Lexington, TN 38351
    County: Henderson
    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
  • Financial Summary
  • Total assets: $2,074.4 mil
    Equity capital: $247.3 mil
    Deposits held in domestic offices: $1,734.5 mil
    Return on assets (ROA): 0.98% ($20.3 mil)
    Quarterly return on assets: 0.90% ($18.7 mil)
    Return on Equity (ROE): 8.54% ($21.1 mil)
    Quarterly return on equity: 7.59% ($18.7 mil)
    Net income: $20.3 mil
    Quarterly Net income: $4.7 mil
    Pretax return on assets: 1.05% ($21,780.9 mil)
    Quarterly Pretax return on assets: 0.97% ($20,121.4 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
  • 576Total employees (full-time equivalent)
  • $2,074,375Total assets
  • $53,024Cash and due from depository institutions
  • $19,886Interest-bearing balances
  • $669,688Securities
  • $4,340Federal funds sold & reverse repurchase agreements
  • $1,193,411Net loans & leases
  • $39,711Loan loss allowance
  • $0Trading account assets
  • $39,026Bank premises and fixed assets
  • $26,416Other real estate owned
  • $55,477Goodwill and other intangibles
  • $2,074,375Life insurance assets
  • $32,993All other assets
  • $1,827,040Total liabilities and capital
  • $1,734,490Total liabilities
  • $1,470,736Total deposits
  • $1,734,490Interest-bearing deposits
  • $72Deposits held in domestic offices
  • 39724.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $31,669Trading liabilities
  • $6,000Other borrowed funds
  • $15,157Subordinated debt
  • $247,335All other liabilities
  • $247,337Total equity capital
  • $247,337Total bank equity capital
  • $0Perpetual preferred stock
  • $75Common stock
  • $191,356Surplus
  • $55,906Undivided profits
  • Memoranda
  • $-2Noncurrent loans and leases
  • $51,945Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $66,569Income earned, not collected on loans
  • $0Earning assets
  • $6,860Long-term assets (5+ years)
  • $1,887,325Average Assets, year-to-date
  • $683,603Average Assets, quarterly
  • $2,069,218Volatile liabilities
  • $2,070,093Insider loans
  • $1,300,811FHLB advances
  • $1,971,448Loans and leases held for sale
  • $2,854Unused loan commitments
  • $2,854Tier 1 (core) risk-based capital
  • $173,608Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $246,594Restructured Loans and leases
  • $23,322Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $89,417Total interest income
  • $21,636Total interest expense
  • $67,781Net interest income
  • $3,363Provision for loan and lease losses
  • $20,162Total noninterest income
  • $1Fiduciary activities
  • $6,834Service charges on deposit accounts
  • $0Trading account gains & fees
  • $13,327Additional noninterest income
  • $68,747Total noninterest expense
  • $35,399Salaries and employee benefits
  • $7,469Premises and equipment expense
  • $25,879Additional noninterest expense
  • $15,833Pre-tax net operating income
  • $5,885Securities gains (losses)
  • $1,426Applicable income taxes
  • $20,292Income before extraordinary items
  • $0Extraordinary gains - net
  • $20,292Net income attributable to bank
  • $0Net charge-offs
  • $20,292Cash dividends
  • $8,748Sale, conversion, retirement of capital stock, net
  • $15,500Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.86%Yield on earning assets
  • 1.18%Cost of funding earning assets
  • 3.68%Net interest margin
  • 1.10%Noninterest income to earning assets
  • 3.74%Noninterest expense to earning assets
  • 0.72%Net operating income to assets
  • 0.98%Return on assets (ROA)
  • 1.05%Pretax return on assets
  • 8.54%Return on equity (ROE)
  • 2.02%Retained earnings to average equity (YTD only)
  • 0.69%Net charge-offs to loans
  • 38.44%Credit loss provision to net charge-offs
  • 2.19%Efficiency ratio
  • 76,049Assets per employee
  • 3.60%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 76.38%Loss allowance to loans
  • 3.22%Loss allowance to noncurrent loans
  • 59.65%Noncurrent assets plus other real estate owned to assets
  • 4.48%Noncurrent loans to loans
  • 5.40%Net loans and leases to deposits
  • 68.80%Net loans and leases to core deposits
  • 73.27%Equity capital to assets
  • 11.92%Core capital (leverage) ratio
  • 8.81%Tier 1 risk-based capital ratio
  • 13.35%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $2,069,218Average earning assets
  • $237,508Average equity
  • $1,840,382Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $2,147Managed Assets
  • 1Number of Accounts
  • $2,038Personal trust and agency accounts
  • $2,038Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 121Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $109Other retirement accounts
  • $109Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 1 South Carolina Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    70527649Firstbank Mortgage Partners8 Parkway Commons Way, Greer, SC 29650January 01, 2012Limited Service Loan Production
  • 53 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05522First Bank30 South Main Street, Lexington, TN 38351January 01, 1906Full Service Brick and Mortar
    1218807Lexington Branch90 North Main, Lexington, TN 38351December 30, 1985Full Service Brick and Mortar
    2205893West End Branch164 Hospital Drive, Lexington, TN 38351December 31, 1979Limited Service Facility
    4205895Parkers Crossroads BranchI-40 And Highway 22 North, Route 1, Wildersville, TN 38388December 29, 1984Limited Service Facility
    5205896Scotts Hill Branch100 Clifton Street, Scotts Hill, TN 38374July 29, 1988Full Service Brick and Mortar
    6218808Henderson County Branch601 East Church Street, Lexington, TN 38351June 01, 1989Limited Service Facility
    7218809Camden Branch126 Highway 641 North, Camden, TN 38320December 14, 1992Full Service Brick and Mortar
    83593453 East Church Street Branch53 East Church Street, Lexington, TN 38351September 29, 1986Full Service Brick and Mortar
    9260153Old Hickory Boulevard Branch139 Old Hickory Boulevard, Jackson, TN 38301October 01, 1990Full Service Brick and Mortar
    12218810Channing Way Branch11 Channing Way, Jackson, TN 38305Febuary 05, 1996Full Service Brick and Mortar
    13222202Camden Branch21 Forrest Avenue, Camden, TN 38320May 22, 1916Full Service Brick and Mortar
    14218811Highway 46 South BranchHighway 46 South, Dickson, TN 37055March 17, 1999Full Service Brick and Mortar
    15218812Paris Branch1068 Mineral Wells Avenue, Paris, TN 38242April 09, 1999Full Service Brick and Mortar
    163292Linden BranchMain Street, Linden, TN 37096January 01, 1901Full Service Brick and Mortar
    176604Bank Of Huntingdon BranchMain Street, Huntingdon, TN 38344August 13, 1887Full Service Brick and Mortar
    19222195Hollow Rock Branch28915 Broad Street, Hollow Rock, TN 38342January 02, 1940Full Service Brick and Mortar
    20222196East End Branch384 East Main Street, Huntingdon, TN 38344July 26, 1966Limited Service Facility
    21222197North Side Branch123 East Second Avenue North, Huntingdon, TN 38344June 05, 1972Limited Service Facility
    22222198Clarksburg BranchHighway 22 South, Clarksburg, TN 38324June 19, 1978Limited Service Facility
    24222200Waverly Branch416 West Main Street, Waverly, TN 37185October 20, 1995Full Service Brick and Mortar
    26361108University Parkway Branch15 University Parkway, Jackson, TN 38305October 23, 2000Full Service Brick and Mortar
    28363132Nashville Branch200 Fourth Avenue North, Suite 100, Nashville, TN 37219November 13, 2001Full Service Brick and Mortar
    29365149Firstbank-Lpo Branch3238 Players Club Circle Suite 62, Memphis, TN 38125April 02, 2001Limited Service Loan Production
    3060759Bank Of Murfreesboro Branch615 Memorial Boulevard, Murfreesboro, TN 37129October 06, 1997Full Service Brick and Mortar
    31356819South Church Street Branch1480 South Church Street, Murfreesboro, TN 37130March 13, 2000Full Service Brick and Mortar
    34431768Cool Springs Branch113 Seaboard Lane, Franklin, TN 37067August 16, 2004Full Service Brick and Mortar
    36443174Memphis Branch6482 Poplar Avenue, Memphis, TN 38119May 02, 2005Full Service Brick and Mortar
    38447879First Bank, Knoxville Branch625 Market Street, First Floor, Knoxville, TN 37902January 19, 2006Full Service Brick and Mortar
    39449790First Bank, Fairview Branch2202 Fairview Boulevard, Fairview, TN 37062Febuary 24, 2006Full Service Brick and Mortar
    41457572Smyrna Branch417 South Lowry Street, Smyrna, TN 37167September 30, 2005Full Service Brick and Mortar
    42458280Firstbank4160 North Ocoee Street, Suite 5, Cleveland, TN 37312January 03, 2007Limited Service Loan Production
    43462071Firstbank, Bartlett Branch8398 Highway 64, Bartlett, TN 38133Febuary 13, 2007Full Service Brick and Mortar
    44464223Knoxville Mobile Branch625 Market Street, Knoxville, TN 37902November 15, 2006Limited Service Mobile
    45272597Dayton Office1525 Market St, Dayton, TN 37321July 01, 1934Full Service Brick and Mortar
    4715956Crossville Branch139 Elmore Road, Crossville, TN 38555April 09, 1979Full Service Brick and Mortar
    481581Paris Branch101 West Wood Street, Paris, TN 38242January 01, 1922Full Service Brick and Mortar
    4913220Shelbyville Branch508 Madison Street, Shelbyville, TN 37160May 06, 1965Full Service Brick and Mortar
    50249370Woodbury Branch101 W. Main St, Woodbury, TN 37190October 05, 1987Full Service Brick and Mortar
    5113310Smithville Branch200 West Main St, Smithville, TN 37166October 22, 1965Full Service Brick and Mortar
    55474021Firstbank, South Jackson Branch1581 South Highland Avenue, Jackson, TN 38301April 17, 2008Full Service Brick and Mortar
    56477846Fayetteville Office1927 Wilson Parkway, Fayetteville, TN 37334June 27, 2008Full Service Brick and Mortar
    58479774Parsons Branch450 Tennessee Avenue South, Parsons, TN 38363October 15, 2007Full Service Brick and Mortar
    59480052Chattanooga Branch401 Chestnut Street, Chattanooga, TN 37402August 12, 2008Full Service Brick and Mortar
    60481485First Bank2021 Hamilton Place Boulevard, Suite A, Chattanooga, TN 37421September 26, 2008Full Service Brick and Mortar
    61483201Firstbank4110 North Mount Juliet Road, Suite 300, Mount Juliet, TN 37122December 10, 2008Full Service Brick and Mortar
    62493352Goodlettsville Branch885 Conference Drive, Suite 100, Goodlettsville, TN 37072January 05, 2009Full Service Brick and Mortar
    63501266Firstbank Mortgage103 Cherokee Boulevard, Suite 2-A, Chattanooga, TN 37405January 05, 2010Limited Service Loan Production
    64506080Firstbank6401 Poplar Avenue, Suite 610, Memphis, TN 38139September 21, 2009Full Service Brick and Mortar
    65510150Firstbank5029 Harpeth Drive, Brentwood, TN 37027June 28, 2010Full Service Brick and Mortar
    66516273Firstbank210 Gothic Court, Suite 200, Franklin, TN 37067July 28, 2009Full Service Brick and Mortar
    67518072Firstbank Loan Production Office2301 21st Avenue South, Nashville, TN 37212March 28, 2011Limited Service Loan Production
    68519357Firstbank Loan Production Office1008 Meb Court, Mount Juliet, TN 37122April 21, 2011Limited Service Loan Production
    69519358Firstbank Loan Production Office1008 125 North Church Street, Murfreesboro, TN 37130April 27, 2011Limited Service Loan Production

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