FDIC Certificate #: 2398 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Clayton Bank and Trust (#6104) Federal Reserve ID: 75857 Date Established: March 01, 1904 WWW:http://www.bankoffriendship.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) OTS Docket #: 10162 FDIC's unique #: 1577 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 07, 2005 Last Structure Change Process Date: January 12, 2005 Last Data Update: January 12, 2005 Data Source Date: April 05, 2012
Location
Address: Main Street, Friendship, TN 38034 County: Crockett 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
Financial Summary
Total assets: $82.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2004)
Dollar figures in thousands
29Total employees (full-time equivalent)
$82,335Total assets
$2,383Cash and due from depository institutions
$156Interest-bearing balances
$13,646Securities
$875Federal funds sold & reverse repurchase agreements
$62,428Net loans & leases
$1,854Loan loss allowance
$0Trading account assets
$1,056Bank premises and fixed assets
$496Other real estate owned
$44Goodwill and other intangibles
$0Life insurance assets
$1,407All other assets
$82,335Total liabilities and capital
$74,000Total liabilities
$70,561Total deposits
$62,601Interest-bearing deposits
$70,561Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$3,095Other borrowed funds
$0Subordinated debt
$344All other liabilities
$8,335Total equity capital
$8,335Total bank equity capital
$8,335Perpetual preferred stock
$0Common stock
$200Surplus
$4,918Undivided profits
Memoranda
$3,217Noncurrent loans and leases
$6,266Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,061Earning assets
$0Long-term assets (5+ years)
$343Average Assets, year-to-date
$77,105Average Assets, quarterly
$13,205Volatile liabilities
$82,923Insider loans
$82,440FHLB advances
$20,120Loans and leases held for sale
$0Unused loan commitments
$3,095Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,266Total unused commitments
$0Restructured Loans and leases
$760Derivatives
Income and Expense (December 31, 2004)
Dollar figures in thousands
$5,008Total interest income
$1,631Total interest expense
$3,377Net interest income
$80Provision for loan and lease losses
$470Total noninterest income
$0Fiduciary activities
$363Service charges on deposit accounts
$0Trading account gains & fees
$107Additional noninterest income
$3,238Total noninterest expense
$1,702Salaries and employee benefits
$504Premises and equipment expense
$1,032Additional noninterest expense
$529Pre-tax net operating income
$165Securities gains (losses)
$0Applicable income taxes
$694Income before extraordinary items
$0Extraordinary gains - net
$694Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$324Sale, conversion, retirement of capital stock, net
$521Net operating income
Performance and Condition Ratios (December 31, 2004)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.41%Yield on earning assets
2.09%Cost of funding earning assets
4.32%Net interest margin
0.60%Noninterest income to earning assets
4.14%Noninterest expense to earning assets
0.64%Net operating income to assets
0.84%Return on assets (ROA)
0.84%Pretax return on assets
8.23%Return on equity (ROE)
2.05%Retained earnings to average equity (YTD only)
0.52%Net charge-offs to loans
24.69%Credit loss provision to net charge-offs
1.88%Efficiency ratio
84,169Assets per employee
2.84%Cash dividends to net income (YTD only)
Condition Ratios (%)
75.07%Loss allowance to loans
2.88%Loss allowance to noncurrent loans
174.74%Noncurrent assets plus other real estate owned to assets
1.89%Noncurrent loans to loans
1.65%Net loans and leases to deposits
88.47%Net loans and leases to core deposits
123.76%Equity capital to assets
10.12%Core capital (leverage) ratio
10.18%Tier 1 risk-based capital ratio
13.97%Total risk-based capital ratio
Memoranda
$15Average assets
$82,923Average earning assets
$8,436Average equity
$78,177Average loans
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