First Freedom Bank in Lebanon, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • First Freedom Bank in Lebanon, Tennessee (TN)
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First Freedom Bank - Overview

  • General
  • FDIC Certificate #: 58208
    Status: Active
    Federal Reserve ID: 3437148
    Bank Holding Company (Regulatory Top Holder): First Freedom Bancshares, Inc. (RSSDID: 3807899, Location: Lebanon, TN)
    Date Established: April 03, 2006
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 442225
    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: Commercial Lending Specialization
    Date of Deposit Insurance: April 03, 2006
    Last Structure Change Effective Date: March 19, 2009
    Last Structure Change Process Date: March 25, 2009
    Last Data Update: March 25, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 1620 West Main Street, Lebanon, TN 37087
    County: Wilson
    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)
  • Financial Summary
  • Total assets: $237.1 mil
    Equity capital: $28.9 mil
    Deposits held in domestic offices: $197.4 mil
    Return on assets (ROA): 0.58% ($1.4 mil)
    Quarterly return on assets: 0.09% ($0.2 mil)
    Return on Equity (ROE): 4.55% ($1.3 mil)
    Quarterly return on equity: 0.70% ($0.2 mil)
    Net income: $1.3 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.29% ($687.5 mil)
    Quarterly Pretax return on assets: -0.52% (-$1,232.7 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
  • 40Total employees (full-time equivalent)
  • $237,067Total assets
  • $20,210Cash and due from depository institutions
  • $18,841Interest-bearing balances
  • $18,029Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $182,705Net loans & leases
  • $5,006Loan loss allowance
  • $0Trading account assets
  • $9,138Bank premises and fixed assets
  • $2,466Other real estate owned
  • $0Goodwill and other intangibles
  • $237,067Life insurance assets
  • $4,519All other assets
  • $208,165Total liabilities and capital
  • $197,371Total liabilities
  • $185,044Total deposits
  • $197,371Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 334.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,000Trading liabilities
  • $0Other borrowed funds
  • $460Subordinated debt
  • $28,902All other liabilities
  • $28,902Total equity capital
  • $28,902Total bank equity capital
  • $0Perpetual preferred stock
  • $2,362Common stock
  • $31,119Surplus
  • $-4,579Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $295Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,841Income earned, not collected on loans
  • $0Earning assets
  • $1,002Long-term assets (5+ years)
  • $219,575Average Assets, year-to-date
  • $47,617Average Assets, quarterly
  • $227,248Volatile liabilities
  • $229,509Insider loans
  • $195,050FHLB advances
  • $226,929Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $28,006Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $21,220Restructured Loans and leases
  • $4,582Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,508Total interest income
  • $2,628Total interest expense
  • $8,880Net interest income
  • $2,609Provision for loan and lease losses
  • $127Total noninterest income
  • $0Fiduciary activities
  • $217Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$90Additional noninterest income
  • $5,735Total noninterest expense
  • $2,801Salaries and employee benefits
  • $560Premises and equipment expense
  • $2,374Additional noninterest expense
  • $663Pre-tax net operating income
  • $0Securities gains (losses)
  • -$644Applicable income taxes
  • $1,307Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,307Net income attributable to bank
  • $0Net charge-offs
  • $1,307Cash dividends
  • $1,704Sale, conversion, retirement of capital stock, net
  • $458Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.49%Yield on earning assets
  • 1.25%Cost of funding earning assets
  • 4.24%Net interest margin
  • 0.06%Noninterest income to earning assets
  • 2.74%Noninterest expense to earning assets
  • 0.58%Net operating income to assets
  • 0.58%Return on assets (ROA)
  • 0.29%Pretax return on assets
  • 4.55%Return on equity (ROE)
  • 2.96%Retained earnings to average equity (YTD only)
  • 0.95%Net charge-offs to loans
  • 153.11%Credit loss provision to net charge-offs
  • 1.92%Efficiency ratio
  • 63,673Assets per employee
  • 5.93%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 35.04%Loss allowance to loans
  • 2.67%Loss allowance to noncurrent loans
  • 103.41%Noncurrent assets plus other real estate owned to assets
  • 3.08%Noncurrent loans to loans
  • 2.58%Net loans and leases to deposits
  • 92.57%Net loans and leases to core deposits
  • 103.31%Equity capital to assets
  • 12.19%Core capital (leverage) ratio
  • 12.34%Tier 1 risk-based capital ratio
  • 14.36%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $227,248Average earning assets
  • $28,705Average equity
  • $209,653Average loans

Total Fiduciary and Related Assets (December 31, 2009)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $15,894Managed Assets
  • 1Number of Accounts
  • $11,086Personal trust and agency accounts
  • $6,865Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $4,161Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $45Fiduciary accounts held in foreign offices
  • $15Non-managed Assets
  • 411Number of Accounts
  • $0Personal trust and agency accounts
  • $430Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $4,808Other retirement accounts
  • $661Corporate trust and agency accounts
  • $77Other fiduciary accounts
  • $4,070Fiduciary accounts held in foreign offices

List of branches

  • 3 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0442225First Freedom Bank1620 West Main Street, Lebanon, TN 37087April 03, 2006Full Service Brick and Mortar
    1473992Mt. Juliet Branch12888 Lebanon Road, Mount Juliet, TN 37122April 17, 2008Full Service Brick and Mortar
    2491827Providence Parkway BranchProvidence Pkwy, Mount Juliet, TN 37122March 11, 2009Full Service Brick and Mortar

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