First State Bank in Chapel Hill, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 30, 2009

  • First State Bank in Chapel Hill, Tennessee (TN)
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First State Bank - Overview

  • General
  • FDIC Certificate #: 2383
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The Farmers Bank of Lynchburg (#1690)
    Federal Reserve ID: 678931
    Date Established: October 03, 1931
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 1569
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: October 30, 2009
    Last Structure Change Process Date: November 24, 2009
    Last Data Update: November 24, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 118 S. Horton Pkwy,, Chapel Hill, TN 37034
    County: Marshall
    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
    Core Based Statistical Area (CBSA): Lewisburg, TN (#30280)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $49.1 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, 2008)

  • Dollar figures in thousands
  • 13Total employees (full-time equivalent)
  • $56,382Total assets
  • $9,037Cash and due from depository institutions
  • $7,068Interest-bearing balances
  • $11,006Securities
  • $456Federal funds sold & reverse repurchase agreements
  • $32,988Net loans & leases
  • $339Loan loss allowance
  • $0Trading account assets
  • $1,587Bank premises and fixed assets
  • $199Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,109All other assets
  • $56,382Total liabilities and capital
  • $51,094Total liabilities
  • $50,774Total deposits
  • $45,629Interest-bearing deposits
  • $50,774Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $320All other liabilities
  • $5,288Total equity capital
  • $5,288Total bank equity capital
  • $5,288Perpetual preferred stock
  • $0Common stock
  • $400Surplus
  • $400Undivided profits
  • Memoranda
  • $4,488Noncurrent loans and leases
  • $2,120Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $320Earning assets
  • $0Long-term assets (5+ years)
  • $362Average Assets, year-to-date
  • $51,518Average Assets, quarterly
  • $29,208Volatile liabilities
  • $54,597Insider loans
  • $55,356FHLB advances
  • $13,100Loans and leases held for sale
  • $380Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,120Total unused commitments
  • $0Restructured Loans and leases
  • $339Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $3,342Total interest income
  • $1,630Total interest expense
  • $1,712Net interest income
  • $70Provision for loan and lease losses
  • $260Total noninterest income
  • $25Fiduciary activities
  • $164Service charges on deposit accounts
  • $0Trading account gains & fees
  • $71Additional noninterest income
  • $1,383Total noninterest expense
  • $776Salaries and employee benefits
  • $162Premises and equipment expense
  • $445Additional noninterest expense
  • $519Pre-tax net operating income
  • -$1,367Securities gains (losses)
  • -$420Applicable income taxes
  • -$428Income before extraordinary items
  • $0Extraordinary gains - net
  • -$428Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $49Sale, conversion, retirement of capital stock, net
  • $220Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.64%Yield on earning assets
  • 3.24%Cost of funding earning assets
  • 3.40%Net interest margin
  • 0.52%Noninterest income to earning assets
  • 2.75%Noninterest expense to earning assets
  • 0.82%Net operating income to assets
  • -0.78%Return on assets (ROA)
  • -1.55%Pretax return on assets
  • -7.56%Return on equity (ROE)
  • -11.45%Retained earnings to average equity (YTD only)
  • 0.15%Net charge-offs to loans
  • 142.86%Credit loss provision to net charge-offs
  • 12.02%Efficiency ratio
  • 70,132Assets per employee
  • 4.34%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -51.40%Loss allowance to loans
  • 1.02%Loss allowance to noncurrent loans
  • 105.94%Noncurrent assets plus other real estate owned to assets
  • 0.92%Noncurrent loans to loans
  • 0.96%Net loans and leases to deposits
  • 64.97%Net loans and leases to core deposits
  • 87.56%Equity capital to assets
  • 9.38%Core capital (leverage) ratio
  • 9.35%Tier 1 risk-based capital ratio
  • 16.24%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $54,597Average earning assets
  • $5,661Average equity
  • $50,352Average loans

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