Franklin Federal Savings Bank in Morristown, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 01, 1996

Franklin Federal Savings Bank in Morristown, Tennessee (TN)
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Franklin Federal Savings Bank - Overview

General
FDIC Certificate #: 29389
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Union Planters Bank of the Lakeway Area (#15409)
Federal Reserve ID: 490870
Date Established: January 01, 1930
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 3375
FDIC's unique #: 42223
Numeric code: 33
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
State Chartered: No
Date of Deposit Insurance: July 06, 1935
Last Structure Change Effective Date: December 01, 1996
Last Structure Change Process Date: January 10, 1997
Last Data Update: January 10, 1997
Data Source Date: April 05, 2012
Location
Address: 622 W First North St, Morristown, TN 37814
County: Hamblen
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Knoxville
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Combined Statistical Area (CSA): Knoxville-Sevierville-La Follette, TN (#314)
Core Based Statistical Area (CBSA): Morristown, TN (#34100)
CBSA Metro Statistical Area: Morristown, TN (#34100)
Financial Summary
Total assets: $136.6 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$54Total assets
$137,332Cash and due from depository institutions
$4,747Interest-bearing balances
$588Securities
$27,925Federal funds sold & reverse repurchase agreements
$916Net loans & leases
$96,030Loan loss allowance
$621Trading account assets
$0Bank premises and fixed assets
$1,536Other real estate owned
$99Goodwill and other intangibles
$3,615Life insurance assets
$2,464All other assets
$0Total liabilities and capital
$137,332Total liabilities
$123,709Total deposits
$115,439Interest-bearing deposits
$111,987Deposits held in domestic offices
115439.00%% insured (estimated)
$95Federal funds purchased & repurchase agreements
$1,000Trading liabilities
$0Other borrowed funds
$6,417Subordinated debt
$0All other liabilities
$853Total equity capital
$853Total bank equity capital
$13,623Perpetual preferred stock
$0Common stock
$1,209Surplus
$9,294Undivided profits
Memoranda
$3,120Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,002Income earned, not collected on loans
$562Earning assets
$125,459Long-term assets (5+ years)
$0Average Assets, year-to-date
$132,452Average Assets, quarterly
$137,161Volatile liabilities
$19,692Insider loans
$131FHLB advances
$6,399Loans and leases held for sale
$0Unused loan commitments
$3,715Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$11,045Total risk weighted assets
$82,570Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$10,598Total interest expense
$5,283Net interest income
$5,315Provision for loan and lease losses
$325Total noninterest income
$1,001Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$1,001Total noninterest expense
$3,959Salaries and employee benefits
$1,654Premises and equipment expense
$603Additional noninterest expense
$1,702Pre-tax net operating income
$2,032Securities gains (losses)
-$38Applicable income taxes
$867Income before extraordinary items
$1,127Extraordinary gains - net
$0Net income attributable to bank
$1,127Net charge-offs
$234Cash dividends
$412Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.65%Cost of funding earning assets
4.31%Net interest margin
4.34%Noninterest income to earning assets
0.82%Noninterest expense to earning assets
3.23%Net operating income to assets
0.87%Return on assets (ROA)
0.85%Pretax return on assets
1.51%Return on equity (ROE)
8.63%Retained earnings to average equity (YTD only)
5.47%Net charge-offs to loans
0.26%Credit loss provision to net charge-offs
138.89%Efficiency ratio
51,852Assets per employee
2.54%Cash dividends to net income (YTD only)
Condition Ratios (%)
36.56%Loss allowance to loans
0.64%Loss allowance to noncurrent loans
61.98%Noncurrent assets plus other real estate owned to assets
0.73%Noncurrent loans to loans
1.04%Net loans and leases to deposits
83.19%Net loans and leases to core deposits
93.08%Equity capital to assets
9.92%Core capital (leverage) ratio
8.23%Tier 1 risk-based capital ratio
13.38%Total risk-based capital ratio
Memoranda
$14Average assets
$132,452Average earning assets
$13,061Average equity
$122,540Average loans

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