First Tennessee Bank National Association Mississippi in Southaven, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 18, 1998

First Tennessee Bank National Association Mississippi in Southaven, Mississippi (MS)
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First Tennessee Bank National Association Mississippi - Overview

General
FDIC Certificate #: 33521
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Tennessee Bank, National Association (#4977)
Federal Reserve ID: 1901458
Date Established: October 25, 1991
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 2 (Interstate: No)
FDIC's unique #: 47360
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: October 25, 1991
Last Structure Change Effective Date: December 18, 1998
Last Structure Change Process Date: January 07, 1999
Last Data Update: January 07, 1999
Data Source Date: April 05, 2012
Location
Address: 615 Goodman Road East, Southaven, MS 38671
County: Desoto
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: West
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: $68.3 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

Dollar figures in thousands
24Total employees (full-time equivalent)
$77,629Total assets
$4,173Cash and due from depository institutions
$0Interest-bearing balances
$2,781Securities
$24,203Federal funds sold & reverse repurchase agreements
$42,878Net loans & leases
$464Loan loss allowance
$0Trading account assets
$2,178Bank premises and fixed assets
$0Other real estate owned
$412Goodwill and other intangibles
$0Life insurance assets
$1,004All other assets
$77,629Total liabilities and capital
$70,398Total liabilities
$66,699Total deposits
$48,624Interest-bearing deposits
$66,699Deposits held in domestic offices
0.00%% insured (estimated)
$2,931Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$768All other liabilities
$7,231Total equity capital
$7,231Total bank equity capital
$7,231Perpetual preferred stock
$0Common stock
$2,701Surplus
$3,046Undivided profits
Memoranda
$1,484Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$26Earning assets
$0Long-term assets (5+ years)
$425Average Assets, year-to-date
$69,862Average Assets, quarterly
$5,778Volatile liabilities
$71,857Insider loans
$75,401FHLB advances
$7,649Loans and leases held for sale
$24Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,318Total unused commitments
$0Restructured Loans and leases
$51,225Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$5,014Total interest income
$2,346Total interest expense
$2,668Net interest income
$80Provision for loan and lease losses
$851Total noninterest income
$0Fiduciary activities
$722Service charges on deposit accounts
$0Trading account gains & fees
$129Additional noninterest income
$1,372Total noninterest expense
$661Salaries and employee benefits
$290Premises and equipment expense
$421Additional noninterest expense
$2,067Pre-tax net operating income
$0Securities gains (losses)
$808Applicable income taxes
$1,259Income before extraordinary items
$0Extraordinary gains - net
$1,259Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$55Sale, conversion, retirement of capital stock, net
$1,950Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.78%Yield on earning assets
3.64%Cost of funding earning assets
4.14%Net interest margin
1.32%Noninterest income to earning assets
2.13%Noninterest expense to earning assets
1.75%Net operating income to assets
1.75%Return on assets (ROA)
2.88%Pretax return on assets
18.06%Return on equity (ROE)
-9.91%Retained earnings to average equity (YTD only)
0.14%Net charge-offs to loans
145.45%Credit loss provision to net charge-offs
39.04%Efficiency ratio
35,408Assets per employee
3.23%Cash dividends to net income (YTD only)
Condition Ratios (%)
154.88%Loss allowance to loans
1.07%Loss allowance to noncurrent loans
1784.62%Noncurrent assets plus other real estate owned to assets
0.03%Noncurrent loans to loans
0.06%Net loans and leases to deposits
64.29%Net loans and leases to core deposits
69.18%Equity capital to assets
9.31%Core capital (leverage) ratio
9.23%Tier 1 risk-based capital ratio
13.26%Total risk-based capital ratio
Memoranda
$14Average assets
$71,857Average earning assets
$6,971Average equity
$64,411Average loans

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