First Exchange Bank in Tiptonville, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 15, 1995

  • First Exchange Bank in Tiptonville, Tennessee (TN)
  • Show street view No street view available for this location

First Exchange Bank - Overview

  • General
  • FDIC Certificate #: 8664
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Union Planters Bank of West Tennessee (#10309)
    Federal Reserve ID: 592952
    Date Established: January 01, 1923
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Interstate: No)
    OTS Docket #: 10281
    FDIC's unique #: 5523
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: November 15, 1995
    Last Structure Change Process Date: December 14, 1995
    Last Data Update: December 14, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 221 Church, Tiptonville, TN 38079
    County: Lake
    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
  • Financial Summary
  • Total assets: $109.1 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $54Total assets
  • $109,748Cash and due from depository institutions
  • $5,138Interest-bearing balances
  • $58Securities
  • $30,531Federal funds sold & reverse repurchase agreements
  • $1,275Net loans & leases
  • $68,825Loan loss allowance
  • $918Trading account assets
  • $0Bank premises and fixed assets
  • $2,438Other real estate owned
  • $96Goodwill and other intangibles
  • $1,445Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $109,748Total liabilities
  • $102,071Total deposits
  • $99,523Interest-bearing deposits
  • $85,653Deposits held in domestic offices
  • 99523.00%% insured (estimated)
  • $85Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,923Subordinated debt
  • $0All other liabilities
  • $625Total equity capital
  • $625Total bank equity capital
  • $7,677Perpetual preferred stock
  • $0Common stock
  • $225Surplus
  • $2,212Undivided profits
  • Memoranda
  • $5,240Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $115Income earned, not collected on loans
  • $765Earning assets
  • $100,689Long-term assets (5+ years)
  • $6,715Average Assets, year-to-date
  • $106,644Average Assets, quarterly
  • $107,888Volatile liabilities
  • $9,594Insider loans
  • $919FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $4,150Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $7,718Total risk weighted assets
  • $65,387Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $7,420Total interest expense
  • $3,200Net interest income
  • $4,220Provision for loan and lease losses
  • $90Total noninterest income
  • $1,023Fiduciary activities
  • $0Service charges on deposit accounts
  • $567Trading account gains & fees
  • $0Additional noninterest income
  • $456Total noninterest expense
  • $3,782Salaries and employee benefits
  • $1,789Premises and equipment expense
  • $754Additional noninterest expense
  • $1,239Pre-tax net operating income
  • $1,371Securities gains (losses)
  • $28Applicable income taxes
  • $538Income before extraordinary items
  • $861Extraordinary gains - net
  • $0Net income attributable to bank
  • $861Net charge-offs
  • $72Cash dividends
  • $370Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.63%Cost of funding earning assets
  • 3.29%Net interest margin
  • 4.34%Noninterest income to earning assets
  • 1.05%Noninterest expense to earning assets
  • 3.89%Net operating income to assets
  • 0.79%Return on assets (ROA)
  • 0.81%Pretax return on assets
  • 1.31%Return on equity (ROE)
  • 11.45%Retained earnings to average equity (YTD only)
  • 6.53%Net charge-offs to loans
  • 0.10%Credit loss provision to net charge-offs
  • 125.00%Efficiency ratio
  • 72,134Assets per employee
  • 2.03%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 42.97%Loss allowance to loans
  • 1.32%Loss allowance to noncurrent loans
  • 798.26%Noncurrent assets plus other real estate owned to assets
  • 0.19%Noncurrent loans to loans
  • 0.16%Net loans and leases to deposits
  • 69.15%Net loans and leases to core deposits
  • 76.53%Equity capital to assets
  • 7.00%Core capital (leverage) ratio
  • 7.10%Tier 1 risk-based capital ratio
  • 11.80%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $106,644Average earning assets
  • $7,519Average equity
  • $97,247Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First Exchange Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents