McKenzie Banking Company in Mc Kenzie, Tennessee (TN)

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McKenzie Banking Company routing number info

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McKenzie Banking Company
GeneralFDIC Certificate #: 13955
Status: Active
Federal Reserve ID: 480853
Bank Holding Company (Regulatory Top Holder): Progressive Financial Services, Inc. (RSSDID: 1135280, Location: Mckenzie, TN)
Date Established: Febuary 28, 1934
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 9 (Domestic: 9, Interstate: No)
OTS Docket #: 9201
FDIC's unique #: 8729
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: All Other Specialization < 1 Billion
Date of Deposit Insurance: Febuary 28, 1934
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: 676 North Main Street, Mc Kenzie, TN 38201
County: Carroll
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
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $117.6 mil
Equity capital: $15.9 mil
Deposits held in domestic offices: $101.2 mil
Return on assets (ROA): 0.97% ($1.1 mil)
Quarterly return on assets: 0.94% ($1.1 mil)
Return on Equity (ROE): 7.56% ($1.2 mil)
Quarterly return on equity: 7.01% ($1.1 mil)
Net income: $1.1 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 1.57% ($1,846.7 mil)
Quarterly Pretax return on assets: 1.39% ($1,634.9 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)82
Total assets$117,622
Cash and due from depository institutions$54,892
Interest-bearing balances$51,904
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$53,295
Loan loss allowance $1,530
Trading account assets$0
Bank premises and fixed assets$2,901
Other real estate owned$1,730
Goodwill and other intangibles$0
All other assets$1,330
Life insurance assets$117,622
Total liabilities and capital$101,683
Total liabilities$101,199
Total deposits$77,385
Interest-bearing deposits$101,199
Deposits held in domestic offices$96
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$11
Other borrowed funds $0
Subordinated debt $473
All other liabilities $15,939
Total equity capital$15,939
Total bank equity capital$15,939
Perpetual preferred stock$0
Common stock$250
Undivided profits $14,567
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $4,169
Earning assets $0
Long-term assets (5+ years) $454
Average Assets, year-to-date $108,673
Average Assets, quarterly $21,778
Volatile liabilities $116,833
Insider loans $117,866
FHLB advances $58,347
Loans and leases held for sale $117,876
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $15,866
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $1,805
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $5,997
Total interest expense $672
Net interest income $5,325
Provision for loan and lease losses $361
Total noninterest income $2,176
Fiduciary activities $0
Service charges on deposit accounts $1,169
Trading account gains & fees $0
Additional noninterest income $1,007
Total noninterest expense $5,311
Salaries and employee benefits $3,240
Premises and equipment expense $648
Additional noninterest expense $1,423
Pre-tax net operating income $1,829
Securities gains (losses) $0
Applicable income taxes $691
Income before extraordinary items $1,138
Extraordinary gains - net $0
Net income attributable to bank $1,138
Net charge-offs $0
Cash dividends $1,138
Sale, conversion, retirement of capital stock, net $336
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 assets5.51%
Cost of funding earning assets 0.62%
Net interest margin 4.89%
Noninterest income to earning assets 2.00%
Noninterest expense to earning assets 4.88%
Net operating income to assets 0.97%
Return on assets (ROA) 0.97%
Pretax return on assets 1.57%
Return on equity (ROE) 7.56%
Retained earnings to average equity (YTD only) 7.56%
Net charge-offs to loans 0.60%
Credit loss provision to net charge-offs 107.44%
Efficiency ratio6.52%
Assets per employee$70,804
Cash dividends to net income (YTD only)1.43%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.79%
Noncurrent assets plus other real estate owned to assets 36.70%
Noncurrent loans to loans 5.02%
Net loans and leases to deposits7.60%
Net loans and leases to core deposits 52.66%
Equity capital to assets 53.09%
Core capital (leverage) ratio 13.55%
Tier 1 risk-based capital ratio 13.46%
Total risk-based capital ratio 27.19%
Average assets$28
Average earning assets$116,833
Average equity $15,059
Average loans $108,815
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9 Tennessee Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
08729Mckenzie Banking Company676 North Main Street, Mc Kenzie, TN 38201Febuary 28, 1934Full Service Brick and Mortar
1230690Drive-In Branch15345 Highland Drive, Mckenzie, TN 38201September 22, 1967Limited Service Facility
2230691Foundation Bank, A Division Of Mckenzie Banking Company1137 East Wood Street, Paris, TN 38242Febuary 16, 1988Full Service Brick and Mortar
3418815Foundation Bank, A Division Of Mckenzie Banking Company9 North Bells Street, Alamo, TN 38001March 24, 2003Full Service Brick and Mortar
4419050Foundation Bank, A Division Of Mckenzie Banking Company1467 West Church Street, Alamo, TN 38001May 01, 2003Limited Service Facility
5441647Foundation Bank, A Division Of Mckenzie Banking Company, Loan Production Office384a Carriage House Drive, Jackson, TN 38305January 03, 2005Limited Service Loan Production
6456475Foundation Bank, A Division Of Mckenzie Banking Company1049 Union University Drive, Jackson, TN 38305October 31, 2006Full Service Brick and Mortar
8468519Foundation Bank, A Division Of Mckenzie Banking Company14201 Highway 79 North, Suite E, Eagle Creek Plaza, Buchanan, TN 38222October 15, 2007Full Service Brick and Mortar
9468830Foundation Bank, A Division Of Mckenzie Banking Company224 South Seventh Street, Obion, TN 38240October 09, 2007Full Service Brick and Mortar
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