MidSouth Bank in Murfreesboro, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

MidSouth Bank - Overview

  • General
  • FDIC Certificate #: 57659
    Status: Active
    Federal Reserve ID: 3208049
    Date Established: January 20, 2004
    WWW: http://www.midsouthbanking.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 419245
    Numeric code: 13
    Regulator: FED
    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: January 20, 2004
    Last Structure Change Effective Date: May 02, 2006
    Last Structure Change Process Date: May 02, 2006
    Last Data Update: May 02, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: One East College Street, Murfreesboro, TN 37133
    County: Rutherford
    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
    Metropolitan Statistical Area (MSA): Nashville, TN (#5360)
    Combined Statistical Area (CSA): Nashville-Davidson-Murfreesboro-Columbia, TN (#400)
    Core Based Statistical Area (CBSA): Nashville-Davidson-Murfreesboro-Franklin, TN (#34980)
    CBSA Metro Statistical Area: Nashville-Davidson-Murfreesboro-Franklin, TN (#34980)
  • Financial Summary
  • Total assets: $238.7 mil
    Equity capital: $26.7 mil
    Deposits held in domestic offices: $204.6 mil
    Return on assets (ROA): 0.46% ($1.1 mil)
    Quarterly return on assets: 0.21% ($0.5 mil)
    Return on Equity (ROE): 4.18% ($1.1 mil)
    Quarterly return on equity: 1.88% ($0.5 mil)
    Net income: $1.1 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.46% ($1,097.8 mil)
    Quarterly Pretax return on assets: 0.22% ($525.1 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
  • 73Total employees (full-time equivalent)
  • $238,662Total assets
  • $20,669Cash and due from depository institutions
  • $19,538Interest-bearing balances
  • $66,175Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $138,451Net loans & leases
  • $3,283Loan loss allowance
  • $0Trading account assets
  • $8,800Bank premises and fixed assets
  • $1,379Other real estate owned
  • $0Goodwill and other intangibles
  • $238,662Life insurance assets
  • $3,188All other assets
  • $211,970Total liabilities and capital
  • $204,644Total liabilities
  • $173,916Total deposits
  • $204,644Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 6552.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $774Subordinated debt
  • $26,692All other liabilities
  • $26,692Total equity capital
  • $26,692Total bank equity capital
  • $6,299Perpetual preferred stock
  • $3,848Common stock
  • $34,756Surplus
  • $-18,211Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,308Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,946Income earned, not collected on loans
  • $0Earning assets
  • $670Long-term assets (5+ years)
  • $224,164Average Assets, year-to-date
  • $48,350Average Assets, quarterly
  • $231,321Volatile liabilities
  • $232,606Insider loans
  • $160,836FHLB advances
  • $231,396Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $25,802Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $33,187Restructured Loans and leases
  • $14,058Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,081Total interest income
  • $1,640Total interest expense
  • $8,441Net interest income
  • $400Provision for loan and lease losses
  • $1,612Total noninterest income
  • $13Fiduciary activities
  • $400Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,199Additional noninterest income
  • $8,730Total noninterest expense
  • $4,399Salaries and employee benefits
  • $1,148Premises and equipment expense
  • $3,183Additional noninterest expense
  • $923Pre-tax net operating income
  • $144Securities gains (losses)
  • $5Applicable income taxes
  • $1,062Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,062Net income attributable to bank
  • $0Net charge-offs
  • $1,062Cash dividends
  • $1,564Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.66%Yield on earning assets
  • 0.76%Cost of funding earning assets
  • 3.90%Net interest margin
  • 0.75%Noninterest income to earning assets
  • 4.04%Noninterest expense to earning assets
  • 0.40%Net operating income to assets
  • 0.46%Return on assets (ROA)
  • 0.46%Pretax return on assets
  • 4.18%Return on equity (ROE)
  • 4.18%Retained earnings to average equity (YTD only)
  • 1.06%Net charge-offs to loans
  • 25.58%Credit loss provision to net charge-offs
  • 0.85%Efficiency ratio
  • 86,840Assets per employee
  • 3.27%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.32%Loss allowance to noncurrent loans
  • 41.32%Noncurrent assets plus other real estate owned to assets
  • 3.91%Noncurrent loans to loans
  • 5.61%Net loans and leases to deposits
  • 67.65%Net loans and leases to core deposits
  • 77.79%Equity capital to assets
  • 11.18%Core capital (leverage) ratio
  • 11.15%Tier 1 risk-based capital ratio
  • 16.04%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $231,321Average earning assets
  • $25,413Average equity
  • $216,198Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $2,833Managed Assets
  • 1Number of Accounts
  • $2,833Personal trust and agency accounts
  • $2,833Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 7Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 5 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0419245Midsouth BankOne East College Street, Murfreesboro, TN 37133January 20, 2004Full Service Brick and Mortar
    2442972Sam Ridley Parkway Branch724 Presidents Place, Smyrna, TN 37167July 25, 2005Full Service Brick and Mortar
    3447198South Church Street Branch2782 South Church Street, Murfreesboro, TN 37128January 18, 2006Full Service Brick and Mortar
    4452977Memorial Branch2415 Memorial Blvd, Murfreesboro, TN 37129Febuary 16, 2006Full Service Brick and Mortar
    5465478Old Fort Parkway Office Branch2610 Old Fort Parkway, Murfreesboro, TN 37129September 05, 2006Full Service Brick and Mortar

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