First State Bank in Chapel Hill, Tennessee (TN)

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First State Bank
GeneralFDIC 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
LocationAddress: 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 SummaryTotal 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)
Total employees (full-time equivalent)13
Total assets$56,382
Cash and due from depository institutions$9,037
Interest-bearing balances$7,068
Federal funds sold & reverse repurchase agreements$456
Net loans & leases$32,988
Loan loss allowance $339
Trading account assets$0
Bank premises and fixed assets$1,587
Other real estate owned$199
Goodwill and other intangibles$0
All other assets$1,109
Life insurance assets$0
Total liabilities and capital$56,382
Total liabilities$51,094
Total deposits$50,774
Interest-bearing deposits$45,629
Deposits held in domestic offices$50,774
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $320
Total equity capital$5,288
Total bank equity capital$5,288
Perpetual preferred stock$5,288
Common stock$0
Undivided profits $400
Noncurrent loans and leases $4,488
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $2,120
Income earned, not collected on loans $0
Earning assets $320
Long-term assets (5+ years) $0
Average Assets, year-to-date $362
Average Assets, quarterly $51,518
Volatile liabilities $29,208
Insider loans $54,597
FHLB advances $55,356
Loans and leases held for sale $13,100
Unused loan commitments $380
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $2,120
Restructured Loans and leases $0
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Income and Expense (December 31, 2008)
(Dollar figures in thousands)
Total interest income $3,342
Total interest expense $1,630
Net interest income $1,712
Provision for loan and lease losses $70
Total noninterest income $260
Fiduciary activities $25
Service charges on deposit accounts $164
Trading account gains & fees $0
Additional noninterest income $71
Total noninterest expense $1,383
Salaries and employee benefits $776
Premises and equipment expense $162
Additional noninterest expense $445
Pre-tax net operating income $519
Securities gains (losses) -$1,367
Applicable income taxes -$420
Income before extraordinary items -$428
Extraordinary gains - net $0
Net income attributable to bank -$428
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $49
Net operating income $220
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Performance and Condition Ratios (December 31, 2008)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.64%
Cost of funding earning assets 3.24%
Net interest margin 3.40%
Noninterest income to earning assets 0.52%
Noninterest expense to earning assets 2.75%
Net operating income to assets 0.82%
Return on assets (ROA) -0.78%
Pretax return on assets -1.55%
Return on equity (ROE) -7.56%
Retained earnings to average equity (YTD only) -11.45%
Net charge-offs to loans 0.15%
Credit loss provision to net charge-offs 142.86%
Efficiency ratio12.02%
Assets per employee$70,132
Cash dividends to net income (YTD only)4.34%
Condition Ratios (%)
Loss allowance to loans -51.40%
Loss allowance to noncurrent loans 1.02%
Noncurrent assets plus other real estate owned to assets 105.94%
Noncurrent loans to loans 0.92%
Net loans and leases to deposits0.96%
Net loans and leases to core deposits 64.97%
Equity capital to assets 87.56%
Core capital (leverage) ratio 9.38%
Tier 1 risk-based capital ratio 9.35%
Total risk-based capital ratio 16.24%
Average assets$17
Average earning assets$54,597
Average equity $5,661
Average loans $50,352
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