INSOUTH Bank of Shelby County in Memphis, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 06, 1998

INSOUTH Bank of Shelby County in Memphis, Tennessee (TN)
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INSOUTH Bank of Shelby County - Overview

General
FDIC Certificate #: 24507
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: INSOUTH Bank (#22020)
Federal Reserve ID: 430250
Date Established: June 08, 1983
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
OTS Docket #: 10786
FDIC's unique #: 17034
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: June 08, 1983
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: 6141 Walnut Grove Road, Memphis, TN 38120
County: Shelby
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: $107.4 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
38Total employees (full-time equivalent)
$107,419Total assets
$5,124Cash and due from depository institutions
$82Interest-bearing balances
$15,427Securities
$0Federal funds sold & reverse repurchase agreements
$83,774Net loans & leases
$975Loan loss allowance
$0Trading account assets
$1,800Bank premises and fixed assets
$8Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,286All other assets
$107,419Total liabilities and capital
$100,829Total liabilities
$97,649Total deposits
$80,010Interest-bearing deposits
$97,649Deposits held in domestic offices
0.00%% insured (estimated)
$850Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,202Other borrowed funds
$0Subordinated debt
$1,128All other liabilities
$6,590Total equity capital
$6,590Total bank equity capital
$6,590Perpetual preferred stock
$0Common stock
$1,300Surplus
$3,275Undivided profits
Memoranda
$2,015Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$271Earning assets
$0Long-term assets (5+ years)
$466Average Assets, year-to-date
$99,283Average Assets, quarterly
$10,883Volatile liabilities
$103,703Insider loans
$112,551FHLB advances
$11,773Loans and leases held for sale
$4,239Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$8,059Total unused commitments
$0Restructured Loans and leases
$90,050Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$9,193Total interest income
$4,650Total interest expense
$4,543Net interest income
$390Provision for loan and lease losses
$314Total noninterest income
$0Fiduciary activities
$235Service charges on deposit accounts
$0Trading account gains & fees
$79Additional noninterest income
$3,081Total noninterest expense
$1,253Salaries and employee benefits
$576Premises and equipment expense
$1,252Additional noninterest expense
$1,386Pre-tax net operating income
$79Securities gains (losses)
$558Applicable income taxes
$907Income before extraordinary items
$0Extraordinary gains - net
$907Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$31Sale, conversion, retirement of capital stock, net
$317Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
9.48%Yield on earning assets
4.79%Cost of funding earning assets
4.68%Net interest margin
0.32%Noninterest income to earning assets
3.18%Noninterest expense to earning assets
0.83%Net operating income to assets
0.87%Return on assets (ROA)
1.41%Pretax return on assets
14.55%Return on equity (ROE)
9.46%Retained earnings to average equity (YTD only)
0.04%Net charge-offs to loans
1258.06%Credit loss provision to net charge-offs
57.29%Efficiency ratio
63,434Assets per employee
2.83%Cash dividends to net income (YTD only)
Condition Ratios (%)
34.95%Loss allowance to loans
1.15%Loss allowance to noncurrent loans
359.78%Noncurrent assets plus other real estate owned to assets
0.26%Noncurrent loans to loans
0.32%Net loans and leases to deposits
85.79%Net loans and leases to core deposits
95.28%Equity capital to assets
6.13%Core capital (leverage) ratio
6.02%Tier 1 risk-based capital ratio
7.25%Total risk-based capital ratio
Memoranda
$8Average assets
$103,703Average earning assets
$6,235Average equity
$97,018Average loans

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