Merchants and Planters Bank in Newport, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 23, 1993

  • Merchants and Planters Bank in Newport, Tennessee (TN)
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Merchants and Planters Bank - Overview

  • General
  • FDIC Certificate #: 1488
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: First Union National Bank of Tennessee (#19879)
    Federal Reserve ID: 692638
    Date Established: January 01, 1889
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 9 (Interstate: No)
    FDIC's unique #: 983
    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: June 23, 1993
    Last Structure Change Process Date: June 30, 1993
    Last Data Update: October 03, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 302 East Main Street, Newport, TN 37821
    County: Cocke
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Knoxville
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Combined Statistical Area (CSA): Knoxville-Sevierville-La Follette, TN (#314)
    Core Based Statistical Area (CBSA): Newport, TN (#35460)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merger - Without Assistance
  • Financial Summary
  • Total assets: $160.9 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $78Total assets
  • $163,142Cash and due from depository institutions
  • $9,683Interest-bearing balances
  • $0Securities
  • $17,524Federal funds sold & reverse repurchase agreements
  • $90,675Net loans & leases
  • $40,927Loan loss allowance
  • $992Trading account assets
  • $0Bank premises and fixed assets
  • $3,719Other real estate owned
  • $50Goodwill and other intangibles
  • $529Life insurance assets
  • $35All other assets
  • $0Total liabilities and capital
  • $163,142Total liabilities
  • $150,376Total deposits
  • $148,641Interest-bearing deposits
  • $128,401Deposits held in domestic offices
  • 148641.00%% insured (estimated)
  • $94Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $1,735Total equity capital
  • $1,735Total bank equity capital
  • $12,766Perpetual preferred stock
  • $0Common stock
  • $500Surplus
  • $4,500Undivided profits
  • Memoranda
  • $7,766Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $110Income earned, not collected on loans
  • $244Earning assets
  • $149,126Long-term assets (5+ years)
  • $9,054Average Assets, year-to-date
  • $157,488Average Assets, quarterly
  • $160,491Volatile liabilities
  • $7,571Insider loans
  • $108FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $4,610Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $12,731Total risk weighted assets
  • $59,025Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $9,792Total interest expense
  • $5,636Net interest income
  • $4,156Provision for loan and lease losses
  • $236Total noninterest income
  • $750Fiduciary activities
  • $0Service charges on deposit accounts
  • $564Trading account gains & fees
  • $0Additional noninterest income
  • $186Total noninterest expense
  • $3,270Salaries and employee benefits
  • $1,592Premises and equipment expense
  • $484Additional noninterest expense
  • $1,194Pre-tax net operating income
  • $1,400Securities gains (losses)
  • $1,831Applicable income taxes
  • $1,395Income before extraordinary items
  • $1,836Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,836Net charge-offs
  • -$198Cash dividends
  • $538Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 6.77%Cost of funding earning assets
  • 3.89%Net interest margin
  • 2.87%Noninterest income to earning assets
  • 0.52%Noninterest expense to earning assets
  • 2.26%Net operating income to assets
  • 0.42%Return on assets (ROA)
  • 1.17%Pretax return on assets
  • 2.05%Return on equity (ROE)
  • 15.56%Retained earnings to average equity (YTD only)
  • 11.00%Net charge-offs to loans
  • -0.45%Credit loss provision to net charge-offs
  • -119.19%Efficiency ratio
  • 65,940Assets per employee
  • 2.09%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 29.30%Loss allowance to loans
  • 2.37%Loss allowance to noncurrent loans
  • 901.82%Noncurrent assets plus other real estate owned to assets
  • 0.10%Noncurrent loans to loans
  • 0.26%Net loans and leases to deposits
  • 27.53%Net loans and leases to core deposits
  • 29.01%Equity capital to assets
  • 7.83%Core capital (leverage) ratio
  • 7.90%Tier 1 risk-based capital ratio
  • 21.57%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $157,488Average earning assets
  • $11,802Average equity
  • $144,708Average loans

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