First Federal Bank in Dickson, Tennessee (TN)

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First Federal Bank
GeneralFDIC Certificate #: 29782
Status: Active
Federal Reserve ID: 220974
Date Established: October 16, 1936
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 12 (Domestic: 12, Interstate: No)
OTS Docket #: 4081
FDIC's unique #: 42616
Numeric code: 33
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: All Other Specialization < 1 Billion
Date of Deposit Insurance: October 16, 1936
Last Structure Change Effective Date: July 21, 2011
Last Structure Change Process Date: July 21, 2011
Last Data Update: July 21, 2011
Data Source Date: April 05, 2012
LocationAddress: 611 East College St, Dickson, TN 37055
County: Dickson
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
Metropolitan Statistical Area (MSA): Nashville, TN (#5360)
Combined Statistical Area (CSA): Nashville-Davidson-Murfreesboro-Columbia, TN (#400)
Core Based Statistical Area (CBSA): Nashville-Davidson-Murfreesboro-Franklin, TN (#34980)
CBSA Metro Statistical Area: Nashville-Davidson-Murfreesboro-Franklin, TN (#34980)
History of ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $446.5 mil
Equity capital: $46.6 mil
Deposits held in domestic offices: $373.3 mil
Return on assets (ROA): 1.23% ($5.5 mil)
Quarterly return on assets: 1.18% ($5.3 mil)
Return on Equity (ROE): 13.29% ($6.2 mil)
Quarterly return on equity: 11.66% ($5.5 mil)
Net income: $5.6 mil
Quarterly Net income: $1.3 mil
Pretax return on assets: 1.30% ($5,804.0 mil)
Quarterly Pretax return on assets: 1.18% ($5,268.3 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)
Total employees (full-time equivalent)128
Total assets$446,464
Cash and due from depository institutions$18,390
Interest-bearing balances$14,150
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$226,727
Loan loss allowance $5,538
Trading account assets$0
Bank premises and fixed assets$10,102
Other real estate owned$8,794
Goodwill and other intangibles$3,803
All other assets$16,518
Life insurance assets$446,464
Total liabilities and capital$399,872
Total liabilities$373,349
Total deposits$330,977
Interest-bearing deposits$373,349
Deposits held in domestic offices$88
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$24,558
Other borrowed funds $0
Subordinated debt $1,965
All other liabilities $46,592
Total equity capital$46,592
Total bank equity capital$46,592
Perpetual preferred stock$0
Common stock$391
Undivided profits $31,176
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $2,207
Earning assets $0
Long-term assets (5+ years) $2,619
Average Assets, year-to-date $403,007
Average Assets, quarterly $0
Volatile liabilities $452,683
Insider loans $452,290
FHLB advances $237,153
Loans and leases held for sale $439,193
Unused loan commitments $8,974
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $39,546
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $22,490
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $21,405
Total interest expense $4,252
Net interest income $17,153
Provision for loan and lease losses $3,503
Total noninterest income $3,610
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $3,610
Total noninterest expense $11,714
Salaries and employee benefits $5,250
Premises and equipment expense $2,289
Additional noninterest expense $4,175
Pre-tax net operating income $5,546
Securities gains (losses) $359
Applicable income taxes $327
Income before extraordinary items $5,578
Extraordinary gains - net $0
Net income attributable to bank $5,578
Net charge-offs $0
Cash dividends $5,578
Sale, conversion, retirement of capital stock, net $3,129
Net operating income $3,080
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.25%
Cost of funding earning assets 1.04%
Net interest margin 4.21%
Noninterest income to earning assets 0.89%
Noninterest expense to earning assets 2.87%
Net operating income to assets 1.16%
Return on assets (ROA) 1.23%
Pretax return on assets 1.30%
Return on equity (ROE) 13.29%
Retained earnings to average equity (YTD only) 5.95%
Net charge-offs to loans 1.28%
Credit loss provision to net charge-offs 111.95%
Efficiency ratio2.89%
Assets per employee$55,218
Cash dividends to net income (YTD only)3.49%
Condition Ratios (%)
Loss allowance to loans 55.22%
Loss allowance to noncurrent loans 2.38%
Noncurrent assets plus other real estate owned to assets 250.93%
Noncurrent loans to loans 2.46%
Net loans and leases to deposits0.95%
Net loans and leases to core deposits 60.73%
Equity capital to assets 65.18%
Core capital (leverage) ratio 10.44%
Tier 1 risk-based capital ratio 9.00%
Total risk-based capital ratio 16.68%
Average assets$18
Average earning assets$452,683
Average equity $41,956
Average loans $407,537
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12 Tennessee Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
042616First Federal Bank611 East College St, Dickson, TN 37055October 16, 1936Full Service Brick and Mortar
1277159Centerville Branch1370 Highway 100, Centerville, TN 37033October 16, 1936Full Service Brick and Mortar
100277160302 Fairview Blvd Branch302 Fairview Blvd, Fairview, TN 37062June 30, 1985Full Service Brick and Mortar
101973Waverly Branch122 West Main Street, Waverly, TN 37185January 22, 1919Full Service Brick and Mortar
102189554New Johnsonville Branch590 Broadway Ave, New Johnsonville, TN 37134August 19, 1966Full Service Brick and Mortar
104427718Vanleer Branch4701 Hwy 49 W, Vanleer, TN 37181July 04, 2002Full Service Brick and Mortar
105427719White Bluff Branch4363 Hwy 70 E, White Bluff, TN 37187August 07, 2003Full Service Brick and Mortar
106251145Burns Branch2310 Highway 96, Burns, TN 37029March 02, 1982Full Service Brick and Mortar
1076098Highway 46 South Branch601 Highway 46 South, Dickson, TN 37055January 01, 1906Full Service Brick and Mortar
108220268Charlotte BranchTwo Court Square, Charlotte, TN 37036January 11, 1928Full Service Brick and Mortar
1094640369597 Hwy 70 East9597 Hwy 70 East, Mc Ewen, TN 37101August 15, 2005Full Service Brick and Mortar
110464473200 Henslee Drive Branch200 Henslee Drive, Dickson, TN 37055December 15, 2005Full Service Brick and Mortar
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