First Independent Bank in city_name, state_name - Detailed Financial Reports, Location

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

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

First Independent Bank - Overview

Assets and Liabilities (December 31, 2002)

Income and Expense (December 31, 2002)

Performance and Condition Ratios (December 31, 2002)

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

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

First Independent Bank - Overview

Assets and Liabilities (December 31, 2002)

Income and Expense (December 31, 2002)

Performance and Condition Ratios (December 31, 2002)

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

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