INSOUTH Bank in Brownsville, Tennessee (TN)

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INSOUTH Bank routing number info

Table of contents:
GeneralFDIC Certificate #: 22020
Status: Active
Federal Reserve ID: 329550
Bank Holding Company (Regulatory Top Holder): Independent Southern Bancshares, Inc. Esot (RSSDID: 2245083, Location: Brownsville, TN)
Date Established: January 01, 1869
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 7 (Domestic: 7, Interstate: No)
OTS Docket #: 9222
FDIC's unique #: 15277
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: May 15, 1975
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 111 South Washington Street, Brownsville, TN 38012
County: Haywood
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
Core Based Statistical Area (CBSA): Brownsville, TN (#15140)
CBSA Micro Statistical Area: Yes
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $290.2 mil
Equity capital: $20.9 mil
Deposits held in domestic offices: $267.7 mil
Return on assets (ROA): -0.80% (-$2.3 mil)
Quarterly return on assets: 0.03% ($0.1 mil)
Return on Equity (ROE): -12.23% (-$2.6 mil)
Quarterly return on equity: 0.38% ($0.1 mil)
Net income: -$2.6 mil
Quarterly Net income: $0.0 mil
Pretax return on assets: -0.80% (-$2,321.3 mil)
Quarterly Pretax return on assets: 0.03% ($87.0 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)103
Total assets$290,165
Cash and due from depository institutions$30,572
Interest-bearing balances$26,556
Federal funds sold & reverse repurchase agreements$1,672
Net loans & leases$182,500
Loan loss allowance $6,263
Trading account assets$0
Bank premises and fixed assets$7,827
Other real estate owned$5,294
Goodwill and other intangibles$0
All other assets$9,884
Life insurance assets$290,165
Total liabilities and capital$269,234
Total liabilities$267,743
Total deposits$229,757
Interest-bearing deposits$267,743
Deposits held in domestic offices$92
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $1,491
All other liabilities $20,931
Total equity capital$20,931
Total bank equity capital$20,931
Perpetual preferred stock$0
Common stock$2,086
Undivided profits $-2,414
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $135
Income earned, not collected on loans $17,914
Earning assets $0
Long-term assets (5+ years) $1,317
Average Assets, year-to-date $263,144
Average Assets, quarterly $44,916
Volatile liabilities $325,098
Insider loans $296,534
FHLB advances $188,016
Loans and leases held for sale $302,190
Unused loan commitments $3,522
Tier 1 (core) risk-based capital $3,522
Tier 2 risk-based capital $20,581
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $21,466
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $13,825
Total interest expense $2,820
Net interest income $11,005
Provision for loan and lease losses $3,297
Total noninterest income $3,439
Fiduciary activities $4
Service charges on deposit accounts $2,483
Trading account gains & fees $0
Additional noninterest income $952
Total noninterest expense $13,760
Salaries and employee benefits $6,434
Premises and equipment expense $2,145
Additional noninterest expense $5,181
Pre-tax net operating income -$2,613
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items -$2,613
Extraordinary gains - net $0
Net income attributable to bank -$2,613
Net charge-offs $0
Cash dividends -$2,613
Sale, conversion, retirement of capital stock, net $5,455
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.61%
Cost of funding earning assets 0.94%
Net interest margin 3.67%
Noninterest income to earning assets 1.15%
Noninterest expense to earning assets 4.59%
Net operating income to assets -0.80%
Return on assets (ROA) -0.80%
Pretax return on assets -0.80%
Return on equity (ROE) -12.23%
Retained earnings to average equity (YTD only) -12.23%
Net charge-offs to loans 2.63%
Credit loss provision to net charge-offs 60.44%
Efficiency ratio0.13%
Assets per employee$95,264
Cash dividends to net income (YTD only)2.82%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 3.32%
Noncurrent assets plus other real estate owned to assets 34.96%
Noncurrent loans to loans 8.00%
Net loans and leases to deposits9.49%
Net loans and leases to core deposits 68.16%
Equity capital to assets 71.13%
Core capital (leverage) ratio 7.21%
Tier 1 risk-based capital ratio 6.81%
Total risk-based capital ratio 10.95%
Average assets$12
Average earning assets$325,098
Average equity $21,369
Average loans $299,872
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$1,474
Number of Accounts1
Personal trust and agency accounts$1,474
Employee benefit-defined contribution accounts$190
Employee benefit-defined benefit accounts$1,284
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts2
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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7 Tennessee Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
015277Insouth Bank111 South Washington Street, Brownsville, TN 38012January 01, 1869Full Service Brick and Mortar
1291650Peachtree Plaza Branch403 West Main Street, Brownsville, TN 38012January 01, 1900Limited Service Facility
4219643Highway 51 South Branch425 Highway 51 South, Covington, TN 38019December 19, 1974Full Service Brick and Mortar
7257473Millington Branch7696 Highway 51 North, Millington, TN 38053November 27, 1989Full Service Brick and Mortar
10253909Atoka Branch10950 Highway 51 South, Atoka, TN 38004December 01, 1998Full Service Brick and Mortar
12456683Holly Park Branch1119 Dupree Street, Brownsville, TN 38012November 30, 2006Limited Service Facility
13468203Poplar Avenue Branch5299 Poplar Avenue, Memphis, TN 38119April 23, 2007Full Service Brick and Mortar
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