First Commercial Bank, National Association of Memphis - Overview
General
FDIC Certificate #: 28910 Status: Inactive Closing history: Corrections Acquiring institution:Regions Bank (#12368) Federal Reserve ID: 1468616 Date Established: May 01, 1934 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 14 (Interstate: No) OTS Docket #: 2603 FDIC's unique #: 41744 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Savings Association Insurance Fund (SAIF) Insured commercial Banks: Yes FDIC Insured: Yes SAIF Insured: Yes Oakar Institutions: Yes State Chartered: No Date of Deposit Insurance: October 13, 1934 Last Structure Change Effective Date: August 13, 1998 Last Structure Change Process Date: September 10, 1998 Last Data Update: August 10, 2000 Data Source Date: April 05, 2012
Location
Address: 6263 Poplar Avenue, Memphis, TN 38119 County: Shelby Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Little Rock 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: $653.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
243Total employees (full-time equivalent)
$462,207Total assets
$23,607Cash and due from depository institutions
$19,647Interest-bearing balances
$32,904Securities
$495Federal funds sold & reverse repurchase agreements
$344,524Net loans & leases
$4,775Loan loss allowance
$30,605Trading account assets
$12,107Bank premises and fixed assets
$424Other real estate owned
$1,861Goodwill and other intangibles
$0Life insurance assets
$15,680All other assets
$462,207Total liabilities and capital
$432,735Total liabilities
$384,266Total deposits
$359,670Interest-bearing deposits
$384,266Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$40,000Other borrowed funds
$0Subordinated debt
$8,469All other liabilities
$29,472Total equity capital
$29,472Total bank equity capital
$29,472Perpetual preferred stock
$0Common stock
$1Surplus
$15,235Undivided profits
Memoranda
$14,236Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$3,455Earning assets
$0Long-term assets (5+ years)
$5,288Average Assets, year-to-date
$428,175Average Assets, quarterly
$0Volatile liabilities
$463,863Insider loans
$472,419FHLB advances
$80,775Loans and leases held for sale
$4,411Unused loan commitments
$40,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$136,366Total unused commitments
$0Restructured Loans and leases
$300,827Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$35,792Total interest income
$19,349Total interest expense
$16,443Net interest income
$1,838Provision for loan and lease losses
$11,381Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$151Trading account gains & fees
$11,230Additional noninterest income
$21,113Total noninterest expense
$11,381Salaries and employee benefits
$4,940Premises and equipment expense
$4,792Additional noninterest expense
$4,873Pre-tax net operating income
$4,143Securities gains (losses)
$3,113Applicable income taxes
$5,903Income before extraordinary items
$0Extraordinary gains - net
$5,903Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,106Sale, conversion, retirement of capital stock, net
$3,024Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.27%Yield on earning assets
4.47%Cost of funding earning assets
3.80%Net interest margin
2.63%Noninterest income to earning assets
4.88%Noninterest expense to earning assets
0.69%Net operating income to assets
1.27%Return on assets (ROA)
1.94%Pretax return on assets
21.45%Return on equity (ROE)
10.46%Retained earnings to average equity (YTD only)
0.32%Net charge-offs to loans
166.18%Credit loss provision to net charge-offs
6.07%Efficiency ratio
74,935Assets per employee
1.90%Cash dividends to net income (YTD only)
Condition Ratios (%)
51.23%Loss allowance to loans
1.37%Loss allowance to noncurrent loans
138.21%Noncurrent assets plus other real estate owned to assets
0.84%Noncurrent loans to loans
0.99%Net loans and leases to deposits
89.66%Net loans and leases to core deposits
100.30%Equity capital to assets
6.38%Core capital (leverage) ratio
6.24%Tier 1 risk-based capital ratio
9.58%Total risk-based capital ratio
Memoranda
$11Average assets
$463,863Average earning assets
$27,521Average equity
$432,699Average loans
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First Commercial Bank, National Association of Memphis
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