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

This bank is inactive as of January 27, 2003

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

  • General
  • FDIC Certificate #: 6105
    Status: Inactive
    Closing history: Change in Location
    Acquiring institution: Farmers Bank and Trust Company (#1027)
    Federal Reserve ID: 570857
    Date Established: January 01, 1910
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 10 (Interstate: No)
    OTS Docket #: 10730
    FDIC's unique #: 4126
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: January 27, 2003
    Last Structure Change Process Date: March 04, 2003
    Last Data Update: March 04, 2003
    Data Source Date: April 05, 2012
  • Location
  • Address: 810 Crescent Centre Drive, Suite 170, Franklin, TN 37067
    County: Williamson
    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
    Metropolitan Statistical Area (MSA): Nashville, TN (#5360)
    Combined Statistical Area (CSA): Nashville-Davidson-Murfreesboro-Columbia, TN (#400)
    Core Based Statistical Area (CBSA): Nashville-Davidson-Murfreesboro-Franklin, TN (#34980)
    CBSA Metro Statistical Area: Nashville-Davidson-Murfreesboro-Franklin, TN (#34980)
  • History of Changes
  • Merger - Without Assistance
    Change in Location
  • Financial Summary
  • Total assets: $284.3 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, 2002)

  • Dollar figures in thousands
  • 106Total employees (full-time equivalent)
  • $284,345Total assets
  • $11,558Cash and due from depository institutions
  • $4,123Interest-bearing balances
  • $50,789Securities
  • $7,094Federal funds sold & reverse repurchase agreements
  • $184,689Net loans & leases
  • $4,328Loan loss allowance
  • $0Trading account assets
  • $10,010Bank premises and fixed assets
  • $140Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $20,065All other assets
  • $284,345Total liabilities and capital
  • $260,158Total liabilities
  • $239,287Total deposits
  • $218,671Interest-bearing deposits
  • $239,287Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $4,103Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $14,959Other borrowed funds
  • $0Subordinated debt
  • $1,809All other liabilities
  • $24,187Total equity capital
  • $24,187Total bank equity capital
  • $24,187Perpetual preferred stock
  • $0Common stock
  • $200Surplus
  • $9,069Undivided profits
  • Memoranda
  • $14,918Noncurrent loans and leases
  • $32,282Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,234Earning assets
  • $0Long-term assets (5+ years)
  • $1,906Average Assets, year-to-date
  • $246,695Average Assets, quarterly
  • $27,008Volatile liabilities
  • $282,845Insider loans
  • $281,917FHLB advances
  • $53,167Loans and leases held for sale
  • $18,271Unused loan commitments
  • $14,959Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $32,282Total unused commitments
  • $3,455Restructured Loans and leases
  • $2,667Derivatives

Income and Expense (December 31, 2002)

  • Dollar figures in thousands
  • $16,127Total interest income
  • $7,567Total interest expense
  • $8,560Net interest income
  • $1,210Provision for loan and lease losses
  • $2,152Total noninterest income
  • $0Fiduciary activities
  • $1,366Service charges on deposit accounts
  • $0Trading account gains & fees
  • $786Additional noninterest income
  • $9,023Total noninterest expense
  • $4,313Salaries and employee benefits
  • $1,472Premises and equipment expense
  • $3,238Additional noninterest expense
  • $479Pre-tax net operating income
  • $78Securities gains (losses)
  • $139Applicable income taxes
  • $418Income before extraordinary items
  • $0Extraordinary gains - net
  • $418Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $961Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2002)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.50%Yield on earning assets
  • 3.05%Cost of funding earning assets
  • 3.45%Net interest margin
  • 0.87%Noninterest income to earning assets
  • 3.64%Noninterest expense to earning assets
  • 0.13%Net operating income to assets
  • 0.15%Return on assets (ROA)
  • 0.20%Pretax return on assets
  • 1.78%Return on equity (ROE)
  • 1.78%Retained earnings to average equity (YTD only)
  • 0.53%Net charge-offs to loans
  • 125.91%Credit loss provision to net charge-offs
  • 1.76%Efficiency ratio
  • 84,233Assets per employee
  • 2.68%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.29%Loss allowance to noncurrent loans
  • 193.73%Noncurrent assets plus other real estate owned to assets
  • 0.83%Noncurrent loans to loans
  • 1.18%Net loans and leases to deposits
  • 77.18%Net loans and leases to core deposits
  • 93.10%Equity capital to assets
  • 8.51%Core capital (leverage) ratio
  • 8.41%Tier 1 risk-based capital ratio
  • 11.19%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $282,845Average earning assets
  • $23,546Average equity
  • $247,931Average loans

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