First State Bank in Union City, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches


First State Bank - Overview

  • 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)

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
  • 428Total employees (full-time equivalent)
  • $1,646,228Total assets
  • $29,491Cash and due from depository institutions
  • $16,915Interest-bearing balances
  • $535,293Securities
  • $59,033Federal funds sold & reverse repurchase agreements
  • $923,205Net loans & leases
  • $18,954Loan loss allowance
  • $0Trading account assets
  • $41,883Bank premises and fixed assets
  • $12,848Other real estate owned
  • $2,670Goodwill and other intangibles
  • $1,646,228Life insurance assets
  • $41,805All other assets
  • $1,477,469Total liabilities and capital
  • $1,393,013Total liabilities
  • $1,271,045Total deposits
  • $1,393,013Interest-bearing deposits
  • $74Deposits held in domestic offices
  • 9788.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $66,055Trading liabilities
  • $0Other borrowed funds
  • $8,613Subordinated debt
  • $168,759All other liabilities
  • $168,659Total equity capital
  • $168,659Total bank equity capital
  • $125Perpetual preferred stock
  • $231Common stock
  • $94,162Surplus
  • $74,141Undivided profits
  • Memoranda
  • $100Noncurrent loans and leases
  • $15,144Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,490Income earned, not collected on loans
  • $0Earning assets
  • $6,276Long-term assets (5+ years)
  • $1,534,446Average Assets, year-to-date
  • $646,316Average Assets, quarterly
  • $1,567,092Volatile liabilities
  • $1,624,322Insider loans
  • $1,006,990FHLB advances
  • $1,610,478Loans and leases held for sale
  • $20,150Unused loan commitments
  • $6,274Tier 1 (core) risk-based capital
  • $157,786Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $13,876Total unused commitments
  • $128,104Restructured Loans and leases
  • $54,721Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $75,613Total interest income
  • $20,315Total interest expense
  • $55,298Net interest income
  • $7,073Provision for loan and lease losses
  • $14,359Total noninterest income
  • $29Fiduciary activities
  • $5,432Service charges on deposit accounts
  • $0Trading account gains & fees
  • $8,898Additional noninterest income
  • $44,298Total noninterest expense
  • $26,214Salaries and employee benefits
  • $7,650Premises and equipment expense
  • $10,434Additional noninterest expense
  • $18,286Pre-tax net operating income
  • $230Securities gains (losses)
  • $5,751Applicable income taxes
  • $12,765Income before extraordinary items
  • $0Extraordinary gains - net
  • $12,765Net income attributable to bank
  • $0Net charge-offs
  • $12,765Cash dividends
  • $6,145Sale, conversion, retirement of capital stock, net
  • $16Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.21%Yield on earning assets
  • 1.40%Cost of funding earning assets
  • 3.81%Net interest margin
  • 0.99%Noninterest income to earning assets
  • 3.05%Noninterest expense to earning assets
  • 0.80%Net operating income to assets
  • 0.81%Return on assets (ROA)
  • 1.18%Pretax return on assets
  • 8.33%Return on equity (ROE)
  • 8.32%Retained earnings to average equity (YTD only)
  • 0.63%Net charge-offs to loans
  • 115.10%Credit loss provision to net charge-offs
  • 4.13%Efficiency ratio
  • 63,059Assets per employee
  • 3.85%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.13%Loss allowance to loans
  • 2.01%Loss allowance to noncurrent loans
  • 345.25%Noncurrent assets plus other real estate owned to assets
  • 1.11%Noncurrent loans to loans
  • 0.58%Net loans and leases to deposits
  • 66.27%Net loans and leases to core deposits
  • 80.49%Equity capital to assets
  • 10.25%Core capital (leverage) ratio
  • 9.80%Tier 1 risk-based capital ratio
  • 15.67%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $1,567,092Average earning assets
  • $153,235Average equity
  • $1,451,943Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $7,740Managed Assets
  • 1Number of Accounts
  • $5,002Personal trust and agency accounts
  • $5,002Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 116Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $2,738Other retirement accounts
  • $914Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $1,824Fiduciary accounts held in foreign offices

List of branches

  • 32 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0975First State Bank115 West Washington Avenue, Union City, TN 38261January 10, 1887Full Service Brick and Mortar
    3362441Weakley County Branch8798 Hwy 22 Dresden, Dresden, TN 38225October 01, 2001Full Service Brick and Mortar
    4192564Greenfield Branch302 North Front Streeet, Greenfield, TN 38230January 02, 1991Full Service Brick and Mortar
    5192565First State Bank347 West Church Street, Lexington, TN 38351December 28, 1997Full Service Brick and Mortar
    6192566First State Bank135 Carriage House Drive, Jackson, TN 38301September 08, 1998Full Service Brick and Mortar
    8366259Sharon Branch142 East Main Street, Sharon, TN 38255January 27, 2003Full Service Brick and Mortar
    10192619University Plaza Drive Branch126 University Plaza Drive, Martin, TN 38237August 01, 1988Full Service Brick and Mortar
    11192620Dyersburg Branch2310 Parr Avenue, Dyersburg, TN 38024July 16, 1998Full Service Brick and Mortar
    12366231Martin Branch106 University Street, Martin, TN 38237January 27, 2003Full Service Brick and Mortar
    14208741Rives BranchMain Street, Rives, TN 38253March 02, 1987Full Service Brick and Mortar
    155525Union City Branch100 East Reelfoot Avenue, Union City, TN 38261January 01, 1909Full Service Brick and Mortar
    16218822South Broadway Branch605 South Broadway Street, South Fulton, TN 38257April 03, 1972Full Service Brick and Mortar
    17357990Troy Branch105 Westbrook Street, Troy, TN 38260August 21, 2000Full Service Brick and Mortar
    18358657Goodlettsville Branch300 Northcreek Blvd, Goodlettsville, TN 37072October 02, 2000Full Service Brick and Mortar
    19359422White House Branch117 Raymond Hirsch Pkwy, White House, TN 37188January 08, 2001Full Service Brick and Mortar
    20366233Kenton Branch107 North Poplar Street, Kenton, TN 38233January 27, 2003Full Service Brick and Mortar
    21418906Dresden Branch101 S Church Street, Dresden, TN 38225March 24, 2003Full Service Brick and Mortar
    23419380Nashville Branch1720 West End Avenue, Nashville, TN 37203July 09, 2003Full Service Brick and Mortar
    26439447First State Bank11300 Highway 51 South, Atoka, TN 38004March 21, 2005Full Service Brick and Mortar
    27440220Hendersonville Branch291 East Main Street, Hendersonville, TN 37075December 13, 2004Full Service Brick and Mortar
    28440221Gallatin Branch1135 Nashville Pike, Gallatin, TN 37066Febuary 22, 2005Full Service Brick and Mortar
    30447920First State Bank2628 North Central Avenue, Humboldt, TN 38343Febuary 13, 2006Full Service Brick and Mortar
    31448827First State Mortgage - Henderson Lpo102 South Cason, Henderson, TN 38340Febuary 21, 2006Limited Service Loan Production
    35450320Hendersonville Ii Branch1040 Glenbrook Way, Hendersonville, TN 37075March 21, 2006Full Service Brick and Mortar
    38454898First State Bank25 South Grand Avenue, Brownsville, TN 38012September 08, 2006Full Service Brick and Mortar
    39455614First State Bank480 Oil Well Road, Jackson, TN 38305September 18, 2006Full Service Brick and Mortar
    40462048First State Bank3607 South Houston Levee Road, Collierville, TN 38017April 02, 2007Full Service Brick and Mortar
    45478931First State Bank Branch8351 E. Walker Springs Lane, Knoxville, TN 37923March 19, 2008Full Service Brick and Mortar
    46481117First State Mortgage7114 Highway 70 South, Suite 105, Nashville, TN 37221September 29, 2008Limited Service Loan Production
    48489899Dyersburg Branch213 Church Street, Dyersburg, TN 38024December 19, 2008Full Service Brick and Mortar
    49527651First State Bank Loan Production Off1203 Murfreesboro Road, #549, Franklin, TN 37064January 01, 2012Limited Service Loan Production
    50529956First State Bank1203 Murfreesboro Road, Franklin, TN 37064March 19, 2012Full Service Brick and Mortar

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