FDIC Certificate #: 10320 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:The Farmers Bank of Lynchburg (#1690) Federal Reserve ID: 523152 Date Established: March 05, 1905 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) OTS Docket #: 9802 FDIC's unique #: 6611 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: September 29, 2009 Last Structure Change Process Date: October 05, 2009 Last Data Update: October 05, 2009 Data Source Date: April 05, 2012
Location
Address: 6280 Highway 64, Oakland, TN 38060 County: Fayette 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: $124.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)
Dollar figures in thousands
47Total employees (full-time equivalent)
$125,793Total assets
$3,936Cash and due from depository institutions
$112Interest-bearing balances
$9,707Securities
$1,425Federal funds sold & reverse repurchase agreements
$89,907Net loans & leases
$1,479Loan loss allowance
$0Trading account assets
$6,962Bank premises and fixed assets
$2,419Other real estate owned
$2,811Goodwill and other intangibles
$2,486Life insurance assets
$8,626All other assets
$125,793Total liabilities and capital
$113,273Total liabilities
$112,439Total deposits
$99,367Interest-bearing deposits
$112,439Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$80Other borrowed funds
$0Subordinated debt
$754All other liabilities
$12,520Total equity capital
$12,520Total bank equity capital
$12,520Perpetual preferred stock
$0Common stock
$147Surplus
$12,494Undivided profits
Memoranda
$-121Noncurrent loans and leases
$6,683Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$5,149Earning assets
$95Long-term assets (5+ years)
$511Average Assets, year-to-date
$101,151Average Assets, quarterly
$8,373Volatile liabilities
$125,424Insider loans
$125,786FHLB advances
$28,417Loans and leases held for sale
$56Unused loan commitments
$80Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,683Total unused commitments
$0Restructured Loans and leases
$1,267Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$35Total interest income
$74Total interest expense
-$39Net interest income
$45Provision for loan and lease losses
$47Total noninterest income
$0Fiduciary activities
$1Service charges on deposit accounts
$0Trading account gains & fees
$46Additional noninterest income
$159Total noninterest expense
$78Salaries and employee benefits
$55Premises and equipment expense
$26Additional noninterest expense
-$196Pre-tax net operating income
$0Securities gains (losses)
-$75Applicable income taxes
-$121Income before extraordinary items
$0Extraordinary gains - net
-$121Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$2,747Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
0.03%Yield on earning assets
0.07%Cost of funding earning assets
-0.04%Net interest margin
0.04%Noninterest income to earning assets
0.15%Noninterest expense to earning assets
-0.10%Net operating income to assets
-0.10%Return on assets (ROA)
-0.16%Pretax return on assets
-1.44%Return on equity (ROE)
-1.44%Retained earnings to average equity (YTD only)
2.94%Net charge-offs to loans
1.64%Credit loss provision to net charge-offs
-0.05%Efficiency ratio
1,987,500Assets per employee
2.68%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.62%Loss allowance to noncurrent loans
28.72%Noncurrent assets plus other real estate owned to assets
6.02%Noncurrent loans to loans
5.63%Net loans and leases to deposits
79.96%Net loans and leases to core deposits
106.98%Equity capital to assets
9.95%Core capital (leverage) ratio
6.30%Tier 1 risk-based capital ratio
7.63%Total risk-based capital ratio
Memoranda
$9Average assets
$125,424Average earning assets
$8,382Average equity
$108,463Average loans
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