First City National Bank in Memphis, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 1994

  • First City National Bank in Memphis, Tennessee (TN)
  • Show street view No street view available for this location

First City National Bank - Overview

  • General
  • FDIC Certificate #: 32481
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: First Commercial Bank, National Association of Memphis (#32986)
    Federal Reserve ID: 985376
    Date Established: June 20, 1986
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Interstate: No)
    OTS Docket #: 8313
    FDIC's unique #: 45315
    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: June 20, 1986
    Last Structure Change Effective Date: January 01, 1994
    Last Structure Change Process Date: Febuary 08, 1994
    Last Data Update: September 29, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 1000 Brookfield, Memphis, TN 38119
    County: Shelby
    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
    Metropolitan Statistical Area (MSA): Memphis, TN-AR-MS (#4920)
    Core Based Statistical Area (CBSA): Memphis, TN-MS-AR (#32820)
    CBSA Metro Statistical Area: Memphis, TN-MS-AR (#32820)
  • History of Changes
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $34.7 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $10Total assets
  • $34,745Cash and due from depository institutions
  • $2,292Interest-bearing balances
  • $0Securities
  • $14,311Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $17,515Loan loss allowance
  • $809Trading account assets
  • $0Bank premises and fixed assets
  • $46Other real estate owned
  • $220Goodwill and other intangibles
  • $361Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $34,745Total liabilities
  • $30,149Total deposits
  • $25,960Interest-bearing deposits
  • $20,155Deposits held in domestic offices
  • 25960.00%% insured (estimated)
  • $94Federal funds purchased & repurchase agreements
  • $4,017Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $172Total equity capital
  • $172Total bank equity capital
  • $4,596Perpetual preferred stock
  • $0Common stock
  • $594Surplus
  • $4,949Undivided profits
  • Memoranda
  • $-947Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,218Income earned, not collected on loans
  • $115Earning assets
  • $31,826Long-term assets (5+ years)
  • $4,440Average Assets, year-to-date
  • $37,878Average Assets, quarterly
  • $37,764Volatile liabilities
  • $5,677Insider loans
  • $1,496FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $3,436Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $4,596Total risk weighted assets
  • $20,338Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $2,478Total interest expense
  • $890Net interest income
  • $1,588Provision for loan and lease losses
  • $636Total noninterest income
  • $162Fiduciary activities
  • $0Service charges on deposit accounts
  • $84Trading account gains & fees
  • $0Additional noninterest income
  • $78Total noninterest expense
  • $1,212Salaries and employee benefits
  • $644Premises and equipment expense
  • $229Additional noninterest expense
  • $339Pre-tax net operating income
  • -$98Securities gains (losses)
  • $23Applicable income taxes
  • -$51Income before extraordinary items
  • -$24Extraordinary gains - net
  • $0Net income attributable to bank
  • -$24Net charge-offs
  • $261Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.18%Cost of funding earning assets
  • 2.58%Net interest margin
  • 4.60%Noninterest income to earning assets
  • 0.47%Noninterest expense to earning assets
  • 3.51%Net operating income to assets
  • -0.10%Return on assets (ROA)
  • -0.06%Pretax return on assets
  • -0.20%Return on equity (ROE)
  • -0.53%Retained earnings to average equity (YTD only)
  • -0.53%Net charge-offs to loans
  • 1.32%Credit loss provision to net charge-offs
  • 243.68%Efficiency ratio
  • 69,257Assets per employee
  • 3.47%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.41%Loss allowance to noncurrent loans
  • 66.42%Noncurrent assets plus other real estate owned to assets
  • 4.14%Noncurrent loans to loans
  • 6.65%Net loans and leases to deposits
  • 67.47%Net loans and leases to core deposits
  • 72.08%Equity capital to assets
  • 13.23%Core capital (leverage) ratio
  • 12.21%Tier 1 risk-based capital ratio
  • 22.60%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $37,878Average earning assets
  • $4,556Average equity
  • $34,521Average loans

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