First Independent Bank in Gallatin, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 21, 2003

  • First Independent Bank in Gallatin, Tennessee (TN)
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First Independent Bank - Overview

  • General
  • FDIC Certificate #: 32741
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: GreenBank (#895)
    Federal Reserve ID: 1435421
    Date Established: January 16, 1990
    WWW: http://www.firstindependentbank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    OTS Docket #: 14417
    FDIC's unique #: 45607
    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 16, 1990
    Last Structure Change Effective Date: November 21, 2003
    Last Structure Change Process Date: December 04, 2003
    Last Data Update: December 04, 2003
    Data Source Date: April 05, 2012
  • Location
  • Address: 710 Nashville Pike, Gallatin, TN 37066
    County: Sumner
    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: $112.5 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, 2002)

  • Dollar figures in thousands
  • 37Total employees (full-time equivalent)
  • $110,973Total assets
  • $5,937Cash and due from depository institutions
  • $0Interest-bearing balances
  • $28,550Securities
  • $11,197Federal funds sold & reverse repurchase agreements
  • $61,431Net loans & leases
  • $743Loan loss allowance
  • $0Trading account assets
  • $2,356Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,502All other assets
  • $110,973Total liabilities and capital
  • $100,827Total liabilities
  • $98,192Total deposits
  • $79,589Interest-bearing deposits
  • $98,192Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,750Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $885All other liabilities
  • $10,146Total equity capital
  • $10,146Total bank equity capital
  • $10,146Perpetual preferred stock
  • $0Common stock
  • $1,601Surplus
  • $2,077Undivided profits
  • Memoranda
  • $6,468Noncurrent loans and leases
  • $12,792Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $541Earning assets
  • $0Long-term assets (5+ years)
  • $563Average Assets, year-to-date
  • $101,178Average Assets, quarterly
  • $9,187Volatile liabilities
  • $107,128Insider loans
  • $109,149FHLB advances
  • $23,189Loans and leases held for sale
  • $552Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $12,792Total unused commitments
  • $0Restructured Loans and leases
  • $743Derivatives

Income and Expense (December 31, 2002)

  • Dollar figures in thousands
  • $6,124Total interest income
  • $2,174Total interest expense
  • $3,950Net interest income
  • $553Provision for loan and lease losses
  • $1,194Total noninterest income
  • $0Fiduciary activities
  • $880Service charges on deposit accounts
  • $0Trading account gains & fees
  • $314Additional noninterest income
  • $3,256Total noninterest expense
  • $1,810Salaries and employee benefits
  • $506Premises and equipment expense
  • $940Additional noninterest expense
  • $1,335Pre-tax net operating income
  • $0Securities gains (losses)
  • $456Applicable income taxes
  • $879Income before extraordinary items
  • $0Extraordinary gains - net
  • $879Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $521Sale, conversion, retirement of capital stock, net
  • $16Net operating income

Performance and Condition Ratios (December 31, 2002)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.33%Yield on earning assets
  • 2.25%Cost of funding earning assets
  • 4.08%Net interest margin
  • 1.23%Noninterest income to earning assets
  • 3.36%Noninterest expense to earning assets
  • 0.82%Net operating income to assets
  • 0.82%Return on assets (ROA)
  • 1.25%Pretax return on assets
  • 9.21%Return on equity (ROE)
  • 9.04%Retained earnings to average equity (YTD only)
  • 0.84%Net charge-offs to loans
  • 106.14%Credit loss provision to net charge-offs
  • 3.62%Efficiency ratio
  • 63,297Assets per employee
  • 3.00%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 1.82%Loss allowance to loans
  • 1.20%Loss allowance to noncurrent loans
  • 137.34%Noncurrent assets plus other real estate owned to assets
  • 0.49%Noncurrent loans to loans
  • 0.87%Net loans and leases to deposits
  • 62.56%Net loans and leases to core deposits
  • 80.04%Equity capital to assets
  • 9.14%Core capital (leverage) ratio
  • 9.27%Tier 1 risk-based capital ratio
  • 14.14%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $107,128Average earning assets
  • $9,544Average equity
  • $96,817Average loans

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