First Community Bank of Bedford County in Shelbyville, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches


First Community Bank of Bedford County - Overview

  • General
  • FDIC Certificate #: 27211
    Status: Active
    Federal Reserve ID: 1188772
    Bank Holding Company (Regulatory Top Holder): First Community Bancorp, Inc. (RSSDID: 2016340, Location: Shelbyville, TN)
    Date Established: April 01, 1988
    WWW: http://www.firstcommunitybanker.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 11231
    FDIC's unique #: 39116
    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: All Other Specialization < 1 Billion
    Date of Deposit Insurance: April 01, 1988
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 207 Elm Street, Shelbyville, TN 37160
    County: Bedford
    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
    Core Based Statistical Area (CBSA): Shelbyville, TN (#43180)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $319.3 mil
    Equity capital: $40.3 mil
    Deposits held in domestic offices: $240.1 mil
    Return on assets (ROA): 1.29% ($4.1 mil)
    Quarterly return on assets: 1.30% ($4.1 mil)
    Return on Equity (ROE): 10.77% ($4.3 mil)
    Quarterly return on equity: 10.48% ($4.2 mil)
    Net income: $4.1 mil
    Quarterly Net income: $1.0 mil
    Pretax return on assets: 1.78% ($5,683.7 mil)
    Quarterly Pretax return on assets: 1.80% ($5,747.5 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
  • 206Total employees (full-time equivalent)
  • $319,308Total assets
  • $10,689Cash and due from depository institutions
  • $2,317Interest-bearing balances
  • $79,492Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $202,426Net loans & leases
  • $2,955Loan loss allowance
  • $0Trading account assets
  • $9,535Bank premises and fixed assets
  • $2,676Other real estate owned
  • $236Goodwill and other intangibles
  • $319,308Life insurance assets
  • $14,254All other assets
  • $278,975Total liabilities and capital
  • $240,099Total liabilities
  • $213,930Total deposits
  • $240,099Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 6293.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $25,306Trading liabilities
  • $0Other borrowed funds
  • $7,277Subordinated debt
  • $40,333All other liabilities
  • $40,333Total equity capital
  • $40,333Total bank equity capital
  • $0Perpetual preferred stock
  • $339Common stock
  • $2,582Surplus
  • $37,412Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $63,779Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,152Income earned, not collected on loans
  • $0Earning assets
  • $1,617Long-term assets (5+ years)
  • $284,235Average Assets, year-to-date
  • $78,029Average Assets, quarterly
  • $320,107Volatile liabilities
  • $322,773Insider loans
  • $242,235FHLB advances
  • $334,252Loans and leases held for sale
  • $6,274Unused loan commitments
  • $4,682Tier 1 (core) risk-based capital
  • $37,120Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,592Total unused commitments
  • $36,925Restructured Loans and leases
  • $9,052Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $14,115Total interest income
  • $4,201Total interest expense
  • $9,914Net interest income
  • $998Provision for loan and lease losses
  • $13,896Total noninterest income
  • $0Fiduciary activities
  • $907Service charges on deposit accounts
  • $0Trading account gains & fees
  • $12,989Additional noninterest income
  • $17,665Total noninterest expense
  • $10,586Salaries and employee benefits
  • $1,552Premises and equipment expense
  • $5,527Additional noninterest expense
  • $5,147Pre-tax net operating income
  • $555Securities gains (losses)
  • $1,582Applicable income taxes
  • $4,120Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,120Net income attributable to bank
  • $0Net charge-offs
  • $4,120Cash dividends
  • $715Sale, conversion, retirement of capital stock, net
  • $1,521Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.03%Yield on earning assets
  • 1.50%Cost of funding earning assets
  • 3.53%Net interest margin
  • 4.95%Noninterest income to earning assets
  • 6.29%Noninterest expense to earning assets
  • 1.16%Net operating income to assets
  • 1.29%Return on assets (ROA)
  • 1.78%Pretax return on assets
  • 10.77%Return on equity (ROE)
  • 6.80%Retained earnings to average equity (YTD only)
  • 0.37%Net charge-offs to loans
  • 139.58%Credit loss provision to net charge-offs
  • 8.59%Efficiency ratio
  • 74,192Assets per employee
  • 1.55%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 36.92%Loss allowance to loans
  • 1.44%Loss allowance to noncurrent loans
  • 137.31%Noncurrent assets plus other real estate owned to assets
  • 1.51%Noncurrent loans to loans
  • 1.05%Net loans and leases to deposits
  • 84.31%Net loans and leases to core deposits
  • 94.79%Equity capital to assets
  • 12.63%Core capital (leverage) ratio
  • 11.11%Tier 1 risk-based capital ratio
  • 15.32%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $320,107Average earning assets
  • $38,241Average equity
  • $280,728Average 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
  • $1,819Managed Assets
  • 1Number of Accounts
  • $1,819Personal trust and agency accounts
  • $1,819Employee 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
  • 3Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 4 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    039116First Community Bank Of Bedford Coun207 Elm Street, Shelbyville, TN 37160April 01, 1988Full Service Brick and Mortar
    1261400Madison Street Branch1051 Madison Street, Shelbyville, TN 37160November 03, 1993Limited Service Facility
    3363573Lynchburg Branch535 Majors Blvd., Lynchburg, TN 37352April 15, 2002Full Service Brick and Mortar
    4485246Airport Park Branch2841 Highway 231 North, Shelbyville, TN 37160December 08, 2008Limited Service Facility

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