First State Bank in Union City, Tennessee (TN)
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| First State Bank | |
|---|---|
| General | FDIC Certificate #: 1479 Status: Active Federal Reserve ID: 126254 Bank Holding Company (Regulatory Top Holder): Community First Bancshares, Inc. (RSSDID: 1140659, Location: Union City, TN) Date Established: January 10, 1887 WWW: http://www.first-state.net Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 32 (Domestic: 30, Interstate: No) OTS Docket #: 9404 FDIC's unique #: 975 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: January 01, 1934 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: 115 West Washington Avenue, Union City, TN 38261 County: Obion Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Memphis Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Combined Statistical Area (CSA): Union City-Martin, TN-KY (#542) Core Based Statistical Area (CBSA): Union City, TN-KY (#46460) CBSA Micro Statistical Area: Yes |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $1,646.2 mil Equity capital: $168.7 mil Deposits held in domestic offices: $1,393.0 mil Return on assets (ROA): 0.81% ($13.3 mil) Quarterly return on assets: 1.03% ($17.0 mil) Return on Equity (ROE): 8.33% ($14.1 mil) Quarterly return on equity: 10.02% ($16.9 mil) Net income: $12.8 mil Quarterly Net income: $4.2 mil Pretax return on assets: 1.18% ($19,425.5 mil) Quarterly Pretax return on assets: 1.50% ($24,693.4 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 428 |
| Total assets | $1,646,228 |
| Cash and due from depository institutions | $29,491 |
| Interest-bearing balances | $16,915 |
| Securities | $535,293 |
| Federal funds sold & reverse repurchase agreements | $59,033 |
| Net loans & leases | $923,205 |
| Loan loss allowance | $18,954 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $41,883 |
| Other real estate owned | $12,848 |
| Goodwill and other intangibles | $2,670 |
| All other assets | $41,805 |
| Life insurance assets | $1,646,228 |
| Total liabilities and capital | $1,477,469 |
| Total liabilities | $1,393,013 |
| Total deposits | $1,271,045 |
| Interest-bearing deposits | $1,393,013 |
| Deposits held in domestic offices | $74 |
| % insured (estimated) | 9788.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $66,055 |
| Other borrowed funds | $0 |
| Subordinated debt | $8,613 |
| All other liabilities | $168,759 |
| Total equity capital | $168,659 |
| Total bank equity capital | $168,659 |
| Perpetual preferred stock | $125 |
| Common stock | $231 |
| Surplus | $94,162 |
| Undivided profits | $74,141 |
| Memoranda | |
| Noncurrent loans and leases | $100 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $15,144 |
| Income earned, not collected on loans | $5,490 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $6,276 |
| Average Assets, year-to-date | $1,534,446 |
| Average Assets, quarterly | $646,316 |
| Volatile liabilities | $1,567,092 |
| Insider loans | $1,624,322 |
| FHLB advances | $1,006,990 |
| Loans and leases held for sale | $1,610,478 |
| Unused loan commitments | $20,150 |
| Tier 1 (core) risk-based capital | $6,274 |
| Tier 2 risk-based capital | $157,786 |
| Total risk weighted assets | $0 |
| Total unused commitments | $13,876 |
| Restructured Loans and leases | $128,104 |
| Derivatives | $54,721 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $75,613 |
| Total interest expense | $20,315 |
| Net interest income | $55,298 |
| Provision for loan and lease losses | $7,073 |
| Total noninterest income | $14,359 |
| Fiduciary activities | $29 |
| Service charges on deposit accounts | $5,432 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $8,898 |
| Total noninterest expense | $44,298 |
| Salaries and employee benefits | $26,214 |
| Premises and equipment expense | $7,650 |
| Additional noninterest expense | $10,434 |
| Pre-tax net operating income | $18,286 |
| Securities gains (losses) | $230 |
| Applicable income taxes | $5,751 |
| Income before extraordinary items | $12,765 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $12,765 |
| Net charge-offs | $0 |
| Cash dividends | $12,765 |
| Sale, conversion, retirement of capital stock, net | $6,145 |
| Net operating income | $16 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.21% |
| Cost of funding earning assets | 1.40% |
| Net interest margin | 3.81% |
| Noninterest income to earning assets | 0.99% |
| Noninterest expense to earning assets | 3.05% |
| Net operating income to assets | 0.80% |
| Return on assets (ROA) | 0.81% |
| Pretax return on assets | 1.18% |
| Return on equity (ROE) | 8.33% |
| Retained earnings to average equity (YTD only) | 8.32% |
| Net charge-offs to loans | 0.63% |
| Credit loss provision to net charge-offs | 115.10% |
| Efficiency ratio | 4.13% |
| Assets per employee | $63,059 |
| Cash dividends to net income (YTD only) | 3.85% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.13% |
| Loss allowance to noncurrent loans | 2.01% |
| Noncurrent assets plus other real estate owned to assets | 345.25% |
| Noncurrent loans to loans | 1.11% |
| Net loans and leases to deposits | 0.58% |
| Net loans and leases to core deposits | 66.27% |
| Equity capital to assets | 80.49% |
| Core capital (leverage) ratio | 10.25% |
| Tier 1 risk-based capital ratio | 9.80% |
| Total risk-based capital ratio | 15.67% |
| Memoranda | |
| Average assets | $17 |
| Average earning assets | $1,567,092 |
| Average equity | $153,235 |
| Average loans | $1,451,943 |
| Total Fiduciary and Related Assets (December 31, 2011) (Dollar figures in thousands) | |
| Total fiduciary and related assets | $1 |
| Number of Fiduciary Accounts and Related Asset Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $7,740 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $5,002 |
| Employee benefit-defined contribution accounts | $5,002 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $0 |
| Corporate trust and agency accounts | $0 |
| Investment management agency accounts | $0 |
| Other fiduciary accounts | $0 |
| Fiduciary accounts held in foreign offices | $0 |
| Non-managed Assets | $0 |
| Number of Accounts | 116 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $0 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $2,738 |
| Corporate trust and agency accounts | $914 |
| Other fiduciary accounts | $0 |
| Fiduciary accounts held in foreign offices | $1,824 |
| 32 Tennessee Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 975 | First State Bank | 115 West Washington Avenue, Union City, TN 38261 | January 10, 1887 | Full Service Brick and Mortar |  |
| 3 | 362441 | Weakley County Branch | 8798 Hwy 22 Dresden, Dresden, TN 38225 | October 01, 2001 | Full Service Brick and Mortar |  |
| 4 | 192564 | Greenfield Branch | 302 North Front Streeet, Greenfield, TN 38230 | January 02, 1991 | Full Service Brick and Mortar | |
| 5 | 192565 | First State Bank | 347 West Church Street, Lexington, TN 38351 | December 28, 1997 | Full Service Brick and Mortar | |
| 6 | 192566 | First State Bank | 135 Carriage House Drive, Jackson, TN 38301 | September 08, 1998 | Full Service Brick and Mortar | |
| 8 | 366259 | Sharon Branch | 142 East Main Street, Sharon, TN 38255 | January 27, 2003 | Full Service Brick and Mortar | |
| 10 | 192619 | University Plaza Drive Branch | 126 University Plaza Drive, Martin, TN 38237 | August 01, 1988 | Full Service Brick and Mortar | |
| 11 | 192620 | Dyersburg Branch | 2310 Parr Avenue, Dyersburg, TN 38024 | July 16, 1998 | Full Service Brick and Mortar | |
| 12 | 366231 | Martin Branch | 106 University Street, Martin, TN 38237 | January 27, 2003 | Full Service Brick and Mortar | |
| 14 | 208741 | Rives Branch | Main Street, Rives, TN 38253 | March 02, 1987 | Full Service Brick and Mortar | |
| 15 | 5525 | Union City Branch | 100 East Reelfoot Avenue, Union City, TN 38261 | January 01, 1909 | Full Service Brick and Mortar | |
| 16 | 218822 | South Broadway Branch | 605 South Broadway Street, South Fulton, TN 38257 | April 03, 1972 | Full Service Brick and Mortar | |
| 17 | 357990 | Troy Branch | 105 Westbrook Street, Troy, TN 38260 | August 21, 2000 | Full Service Brick and Mortar | |
| 18 | 358657 | Goodlettsville Branch | 300 Northcreek Blvd, Goodlettsville, TN 37072 | October 02, 2000 | Full Service Brick and Mortar | |
| 19 | 359422 | White House Branch | 117 Raymond Hirsch Pkwy, White House, TN 37188 | January 08, 2001 | Full Service Brick and Mortar | |
| 20 | 366233 | Kenton Branch | 107 North Poplar Street, Kenton, TN 38233 | January 27, 2003 | Full Service Brick and Mortar | |
| 21 | 418906 | Dresden Branch | 101 S Church Street, Dresden, TN 38225 | March 24, 2003 | Full Service Brick and Mortar | |
| 23 | 419380 | Nashville Branch | 1720 West End Avenue, Nashville, TN 37203 | July 09, 2003 | Full Service Brick and Mortar | |
| 26 | 439447 | First State Bank | 11300 Highway 51 South, Atoka, TN 38004 | March 21, 2005 | Full Service Brick and Mortar | |
| 27 | 440220 | Hendersonville Branch | 291 East Main Street, Hendersonville, TN 37075 | December 13, 2004 | Full Service Brick and Mortar | |
| 28 | 440221 | Gallatin Branch | 1135 Nashville Pike, Gallatin, TN 37066 | Febuary 22, 2005 | Full Service Brick and Mortar | |
| 30 | 447920 | First State Bank | 2628 North Central Avenue, Humboldt, TN 38343 | Febuary 13, 2006 | Full Service Brick and Mortar | |
| 31 | 448827 | First State Mortgage - Henderson Lpo | 102 South Cason, Henderson, TN 38340 | Febuary 21, 2006 | Limited Service Loan Production | |
| 35 | 450320 | Hendersonville Ii Branch | 1040 Glenbrook Way, Hendersonville, TN 37075 | March 21, 2006 | Full Service Brick and Mortar | |
| 38 | 454898 | First State Bank | 25 South Grand Avenue, Brownsville, TN 38012 | September 08, 2006 | Full Service Brick and Mortar | |
| 39 | 455614 | First State Bank | 480 Oil Well Road, Jackson, TN 38305 | September 18, 2006 | Full Service Brick and Mortar | |
| 40 | 462048 | First State Bank | 3607 South Houston Levee Road, Collierville, TN 38017 | April 02, 2007 | Full Service Brick and Mortar | |
| 45 | 478931 | First State Bank Branch | 8351 E. Walker Springs Lane, Knoxville, TN 37923 | March 19, 2008 | Full Service Brick and Mortar | |
| 46 | 481117 | First State Mortgage | 7114 Highway 70 South, Suite 105, Nashville, TN 37221 | September 29, 2008 | Limited Service Loan Production | |
| 48 | 489899 | Dyersburg Branch | 213 Church Street, Dyersburg, TN 38024 | December 19, 2008 | Full Service Brick and Mortar | |
| 49 | 527651 | First State Bank Loan Production Off | 1203 Murfreesboro Road, #549, Franklin, TN 37064 | January 01, 2012 | Limited Service Loan Production | |
| 50 | 529956 | First State Bank | 1203 Murfreesboro Road, Franklin, TN 37064 | March 19, 2012 | Full Service Brick and Mortar | |
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BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.