First National Bank of Pulaski in Pulaski, Tennessee (TN), AL
Overview, Financial Summary, Detailed Financial Reports, Branches

First National Bank of Pulaski - Overview

  • General
  • FDIC Certificate #: 15572
    Status: Active
    Federal Reserve ID: 972732
    Bank Holding Company (Regulatory Top Holder): First Pulaski National Corporation (RSSDID: 1082393, Location: Pulaski, TN)
    Date Established: January 12, 1938
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 12 (Domestic: 12, Interstate: Yes)
    OTS Docket #: 10866
    FDIC's unique #: 9862
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 12, 1938
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 206 South First Street, Pulaski, TN 38478
    County: Giles
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $634.9 mil
    Equity capital: $59.2 mil
    Deposits held in domestic offices: $559.7 mil
    Return on assets (ROA): 1.00% ($6.3 mil)
    Quarterly return on assets: 0.90% ($5.7 mil)
    Return on Equity (ROE): 11.07% ($6.5 mil)
    Quarterly return on equity: 9.55% ($5.6 mil)
    Net income: $6.2 mil
    Quarterly Net income: $1.4 mil
    Pretax return on assets: 1.45% ($9,206.6 mil)
    Quarterly Pretax return on assets: 1.30% ($8,254.2 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
  • 168Total employees (full-time equivalent)
  • $634,940Total assets
  • $32,726Cash and due from depository institutions
  • $22,028Interest-bearing balances
  • $217,470Securities
  • $1,640Federal funds sold & reverse repurchase agreements
  • $335,253Net loans & leases
  • $7,470Loan loss allowance
  • $0Trading account assets
  • $18,723Bank premises and fixed assets
  • $7,111Other real estate owned
  • $0Goodwill and other intangibles
  • $634,940Life insurance assets
  • $22,017All other assets
  • $575,754Total liabilities and capital
  • $559,711Total liabilities
  • $471,227Total deposits
  • $559,711Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 1851.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $7,327Trading liabilities
  • $0Other borrowed funds
  • $6,865Subordinated debt
  • $59,186All other liabilities
  • $59,186Total equity capital
  • $59,186Total bank equity capital
  • $0Perpetual preferred stock
  • $1,150Common stock
  • $2,680Surplus
  • $55,356Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $2,169Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $9,615Income earned, not collected on loans
  • $0Earning assets
  • $3,351Long-term assets (5+ years)
  • $576,391Average Assets, year-to-date
  • $114,174Average Assets, quarterly
  • $620,373Volatile liabilities
  • $628,604Insider loans
  • $416,861FHLB advances
  • $628,332Loans and leases held for sale
  • $10,789Unused loan commitments
  • $4,353Tier 1 (core) risk-based capital
  • $56,948Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $6,436Total unused commitments
  • $49,502Restructured Loans and leases
  • $2,381Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $28,714Total interest income
  • $5,268Total interest expense
  • $23,446Net interest income
  • $1,455Provision for loan and lease losses
  • $4,912Total noninterest income
  • $0Fiduciary activities
  • $2,151Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,761Additional noninterest income
  • $18,025Total noninterest expense
  • $10,112Salaries and employee benefits
  • $2,584Premises and equipment expense
  • $5,329Additional noninterest expense
  • $8,878Pre-tax net operating income
  • $133Securities gains (losses)
  • $2,804Applicable income taxes
  • $6,207Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,207Net income attributable to bank
  • $0Net charge-offs
  • $6,207Cash dividends
  • $1,982Sale, conversion, retirement of capital stock, net
  • $1,822Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.14%Yield on earning assets
  • 0.94%Cost of funding earning assets
  • 4.20%Net interest margin
  • 0.88%Noninterest income to earning assets
  • 3.23%Noninterest expense to earning assets
  • 0.99%Net operating income to assets
  • 1.00%Return on assets (ROA)
  • 1.45%Pretax return on assets
  • 11.07%Return on equity (ROE)
  • 7.82%Retained earnings to average equity (YTD only)
  • 0.58%Net charge-offs to loans
  • 73.41%Credit loss provision to net charge-offs
  • 5.21%Efficiency ratio
  • 63,562Assets per employee
  • 3.78%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 29.35%Loss allowance to loans
  • 2.18%Loss allowance to noncurrent loans
  • 77.69%Noncurrent assets plus other real estate owned to assets
  • 2.63%Noncurrent loans to loans
  • 2.81%Net loans and leases to deposits
  • 59.90%Net loans and leases to core deposits
  • 62.60%Equity capital to assets
  • 9.32%Core capital (leverage) ratio
  • 9.06%Tier 1 risk-based capital ratio
  • 13.66%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $620,373Average earning assets
  • $56,056Average equity
  • $558,852Average loans

List of branches

  • 2 Alabama Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    11479820Huntsville Branch2101 Clinton Ave., Suite 101, Huntsville, AL 35805January 15, 2008Full Service Brick and Mortar
    12479821Athens Branch1880 Hwy 72 East, Athens, AL 35613April 21, 2008Full Service Brick and Mortar
  • 10 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09862First National Bank Of Pulaski206 South First Street, Pulaski, TN 38478January 12, 1938Full Service Brick and Mortar
    1234564Ardmore Branch26591 Main Street, Ardmore, TN 38449September 09, 1963Full Service Brick and Mortar
    2234565Industrial Park BranchBennett Drive, Pulaski, TN 38478December 01, 1961Full Service Brick and Mortar
    4234567Pulaski Branch820 Mill Street, Pulaski, TN 38478March 02, 1972Full Service Brick and Mortar
    5234568Lincoln County Branch405 West College Street, Fayetteville, TN 37334September 16, 1991Full Service Brick and Mortar
    6234569Park City Branch2850 Huntsville Highway, Fayetteville, TN 37334May 10, 1993Full Service Brick and Mortar
    7234570Mortgage Office Branch218 West Flower Street, Pulaski, TN 38478June 15, 1998Limited Service Loan Production
    8963Bank Of Belfast Branch1600 Fishing Ford Road, Belfast, TN 37019Febuary 23, 1910Full Service Brick and Mortar
    9189536Lewisburg Branch1190 North Ellington Parkway, Lewisburg, TN 37091June 25, 1991Full Service Brick and Mortar
    10453927Lynnville Branch159 Mill Street, Lynnville, TN 38472October 11, 2005Full Service Brick and Mortar

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