FDIC Certificate #: 9191 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:INSOUTH Bank (#22020) Federal Reserve ID: 124157 Date Established: January 01, 1912 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) OTS Docket #: 10165 FDIC's unique #: 5885 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 06, 1998 Last Structure Change Process Date: January 27, 1998 Last Data Update: January 27, 1998 Data Source Date: April 05, 2012
Location
Address: 101 Southside Square, Covington, TN 38019 County: Tipton 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 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: $124.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
49Total employees (full-time equivalent)
$124,772Total assets
$4,674Cash and due from depository institutions
$853Interest-bearing balances
$27,708Securities
$3,100Federal funds sold & reverse repurchase agreements
$86,671Net loans & leases
$1,074Loan loss allowance
$0Trading account assets
$1,319Bank premises and fixed assets
$148Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,152All other assets
$124,772Total liabilities and capital
$116,499Total liabilities
$107,472Total deposits
$99,548Interest-bearing deposits
$107,472Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$8,077Other borrowed funds
$0Subordinated debt
$950All other liabilities
$8,273Total equity capital
$8,273Total bank equity capital
$8,273Perpetual preferred stock
$0Common stock
$600Surplus
$2,058Undivided profits
Memoranda
$5,615Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$411Earning assets
$0Long-term assets (5+ years)
$664Average Assets, year-to-date
$118,332Average Assets, quarterly
$29,289Volatile liabilities
$124,388Insider loans
$126,105FHLB advances
$24,010Loans and leases held for sale
$918Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$10,262Total unused commitments
$0Restructured Loans and leases
$80,057Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$10,372Total interest income
$5,922Total interest expense
$4,450Net interest income
$290Provision for loan and lease losses
$501Total noninterest income
$3Fiduciary activities
$385Service charges on deposit accounts
$0Trading account gains & fees
$113Additional noninterest income
$2,661Total noninterest expense
$1,199Salaries and employee benefits
$338Premises and equipment expense
$1,124Additional noninterest expense
$2,000Pre-tax net operating income
$85Securities gains (losses)
$746Applicable income taxes
$1,339Income before extraordinary items
$0Extraordinary gains - net
$1,339Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$94Sale, conversion, retirement of capital stock, net
$550Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.84%Yield on earning assets
5.04%Cost of funding earning assets
3.79%Net interest margin
0.43%Noninterest income to earning assets
2.27%Noninterest expense to earning assets
1.03%Net operating income to assets
1.08%Return on assets (ROA)
1.68%Pretax return on assets
17.19%Return on equity (ROE)
10.13%Retained earnings to average equity (YTD only)
0.11%Net charge-offs to loans
308.51%Credit loss provision to net charge-offs
24.36%Efficiency ratio
53,747Assets per employee
2.55%Cash dividends to net income (YTD only)
Condition Ratios (%)
41.08%Loss allowance to loans
1.22%Loss allowance to noncurrent loans
261.31%Noncurrent assets plus other real estate owned to assets
0.45%Noncurrent loans to loans
0.47%Net loans and leases to deposits
80.65%Net loans and leases to core deposits
103.84%Equity capital to assets
6.63%Core capital (leverage) ratio
6.42%Tier 1 risk-based capital ratio
10.19%Total risk-based capital ratio
Memoranda
$11Average assets
$124,388Average earning assets
$7,788Average equity
$117,394Average loans
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