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

This bank is inactive as of Febuary 12, 2000

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

  • General
  • FDIC Certificate #: 9192
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Union Planters Bank, National Association (#4979)
    Federal Reserve ID: 121558
    Date Established: January 01, 1919
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    OTS Docket #: 8987
    FDIC's unique #: 5886
    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: Febuary 12, 2000
    Last Structure Change Process Date: March 14, 2000
    Last Data Update: March 14, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 103 East Pleasant Avenue, Covington, TN 38019
    County: Tipton
    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): Memphis, TN-AR-MS (#4920)
    Core Based Statistical Area (CBSA): Memphis, TN-MS-AR (#32820)
    CBSA Metro Statistical Area: Memphis, TN-MS-AR (#32820)
  • Financial Summary
  • Total assets: $118.1 mil

1992 - 1999 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, 1999)

  • Dollar figures in thousands
  • 65Total employees (full-time equivalent)
  • $118,136Total assets
  • $5,169Cash and due from depository institutions
  • $0Interest-bearing balances
  • $17,240Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $92,046Net loans & leases
  • $1,444Loan loss allowance
  • $0Trading account assets
  • $2,033Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,648All other assets
  • $118,136Total liabilities and capital
  • $108,919Total liabilities
  • $106,398Total deposits
  • $87,176Interest-bearing deposits
  • $106,398Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,485Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,036All other liabilities
  • $9,217Total equity capital
  • $9,217Total bank equity capital
  • $9,217Perpetual preferred stock
  • $0Common stock
  • $1,434Surplus
  • $2,563Undivided profits
  • Memoranda
  • $5,220Noncurrent loans and leases
  • $7,627Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $203Earning assets
  • $0Long-term assets (5+ years)
  • $565Average Assets, year-to-date
  • $109,286Average Assets, quarterly
  • $9,845Volatile liabilities
  • $127,192Insider loans
  • $120,329FHLB advances
  • $11,910Loans and leases held for sale
  • $949Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $7,627Total unused commitments
  • $0Restructured Loans and leases
  • $1,064Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $10,328Total interest income
  • $4,086Total interest expense
  • $6,242Net interest income
  • $215Provision for loan and lease losses
  • $1,509Total noninterest income
  • $1Fiduciary activities
  • $960Service charges on deposit accounts
  • $0Trading account gains & fees
  • $548Additional noninterest income
  • $3,544Total noninterest expense
  • $2,163Salaries and employee benefits
  • $555Premises and equipment expense
  • $826Additional noninterest expense
  • $3,992Pre-tax net operating income
  • $19Securities gains (losses)
  • $1,393Applicable income taxes
  • $2,618Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,618Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $213Sale, conversion, retirement of capital stock, net
  • $7,200Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.66%Yield on earning assets
  • 3.43%Cost of funding earning assets
  • 5.23%Net interest margin
  • 1.27%Noninterest income to earning assets
  • 2.97%Noninterest expense to earning assets
  • 2.05%Net operating income to assets
  • 2.06%Return on assets (ROA)
  • 3.15%Pretax return on assets
  • 24.62%Return on equity (ROE)
  • -43.08%Retained earnings to average equity (YTD only)
  • 0.22%Net charge-offs to loans
  • 100.94%Credit loss provision to net charge-offs
  • 19.75%Efficiency ratio
  • 45,723Assets per employee
  • 1.82%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 275.02%Loss allowance to loans
  • 1.54%Loss allowance to noncurrent loans
  • 711.33%Noncurrent assets plus other real estate owned to assets
  • 0.17%Noncurrent loans to loans
  • 0.22%Net loans and leases to deposits
  • 86.51%Net loans and leases to core deposits
  • 95.91%Equity capital to assets
  • 7.80%Core capital (leverage) ratio
  • 7.73%Tier 1 risk-based capital ratio
  • 10.97%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $127,192Average earning assets
  • $10,635Average equity
  • $119,274Average loans

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