Guaranty Federal Savings Bank in Clarksville, Tennessee (TN)



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Guaranty Federal Savings Bank
GeneralFDIC Certificate #: 31647
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Union Planters Bank of Kentucky, National Association (#2763)
Federal Reserve ID: 444378
Date Established: June 01, 1973
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 7298
FDIC's unique #: 44481
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: June 01, 1973
Last Structure Change Effective Date: August 15, 1997
Last Structure Change Process Date: October 23, 1997
Last Data Update: October 23, 1997
Data Source Date: April 05, 2012
LocationAddress: 502 Madison Street Po Box 868, Clarksville, TN 37041
County: Montgomery
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Nashville
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Metropolitan Statistical Area (MSA): Clarksville-Hopkinsville, TN-KY (#1660)
Core Based Statistical Area (CBSA): Clarksville, TN-KY (#17300)
CBSA Metro Statistical Area: Clarksville, TN-KY (#17300)
Financial SummaryTotal assets: $64.3 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$24
Cash and due from depository institutions$61,059
Interest-bearing balances$544
Securities$0
Federal funds sold & reverse repurchase agreements$6,946
Net loans & leases$0
Loan loss allowance $47,963
Trading account assets$518
Bank premises and fixed assets$0
Other real estate owned$1,415
Goodwill and other intangibles$65
All other assets$2,846
Life insurance assets$1,280
Total liabilities and capital$0
Total liabilities$61,059
Total deposits$55,012
Interest-bearing deposits$43,542
Deposits held in domestic offices$42,141
% insured (estimated)43542.00%
Federal funds purchased & repurchase agreements $91
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $11,174
All other liabilities $0
Total equity capital$296
Total bank equity capital$296
Perpetual preferred stock$6,047
Common stock$0
Surplus$115
Undivided profits $6,091
Memoranda
Noncurrent loans and leases $-159
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $132
Earning assets $359
Long-term assets (5+ years) $54,909
Average Assets, year-to-date $0
Average Assets, quarterly $57,830
Volatile liabilities $60,962
Insider loans $21,048
FHLB advances $25
Loans and leases held for sale $11,174
Unused loan commitments $0
Tier 1 (core) risk-based capital $2,118
Tier 2 risk-based capital $0
Total risk weighted assets $3,196
Total unused commitments $33,994
Restructured Loans and leases $0
Derivatives$0
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Income and Expense (December 31, 1996)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $2,381
Net interest income $1,405
Provision for loan and lease losses $976
Total noninterest income $85
Fiduciary activities $230
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $0
Total noninterest expense $230
Salaries and employee benefits $1,279
Premises and equipment expense $462
Additional noninterest expense $204
Pre-tax net operating income $613
Securities gains (losses) -$158
Applicable income taxes $75
Income before extraordinary items $10
Extraordinary gains - net -$93
Net income attributable to bank $0
Net charge-offs -$93
Cash dividends $64
Sale, conversion, retirement of capital stock, net $48
Net operating income $1
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Performance and Condition Ratios (December 31, 1996)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 4.47%
Net interest margin 2.64%
Noninterest income to earning assets 1.83%
Noninterest expense to earning assets 0.43%
Net operating income to assets 2.40%
Return on assets (ROA) -0.29%
Pretax return on assets -0.16%
Return on equity (ROE) -0.14%
Retained earnings to average equity (YTD only) -2.15%
Net charge-offs to loans -3.26%
Credit loss provision to net charge-offs 0.14%
Efficiency ratio132.81%
Assets per employee$98,176
Cash dividends to net income (YTD only)2.54%
Condition Ratios (%)
Loss allowance to loans -51.61%
Loss allowance to noncurrent loans 1.07%
Noncurrent assets plus other real estate owned to assets 381.82%
Noncurrent loans to loans 0.32%
Net loans and leases to deposits0.27%
Net loans and leases to core deposits 110.15%
Equity capital to assets 142.46%
Core capital (leverage) ratio 9.90%
Tier 1 risk-based capital ratio 5.49%
Total risk-based capital ratio 9.40%
Memoranda
Average assets$11
Average earning assets$57,830
Average equity $4,323
Average loans $53,283
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