Patriot Bank in Millington, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Patriot Bank in Millington, Tennessee (TN)
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Patriot Bank - Overview

  • General
  • FDIC Certificate #: 57416
    Status: Active
    Federal Reserve ID: 3120646
    Bank Holding Company (Regulatory Top Holder): Security Bancorp Of Tennessee, Inc. (RSSDID: 1135374, Location: Halls, TN)
    Date Established: October 09, 2002
    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 #: 363408
    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: October 09, 2002
    Last Structure Change Effective Date: May 20, 2006
    Last Structure Change Process Date: May 26, 2006
    Last Data Update: May 26, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 8376 Highway 51 North, Millington, TN 38053
    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)
  • History of Changes
  • Office Purchased
  • Financial Summary
  • Total assets: $246.7 mil
    Equity capital: $21.2 mil
    Deposits held in domestic offices: $216.6 mil
    Return on assets (ROA): 0.89% ($2.2 mil)
    Quarterly return on assets: 0.74% ($1.8 mil)
    Return on Equity (ROE): 10.32% ($2.2 mil)
    Quarterly return on equity: 8.39% ($1.8 mil)
    Net income: $2.1 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 1.28% ($3,158.0 mil)
    Quarterly Pretax return on assets: 1.02% ($2,516.5 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
  • 65Total employees (full-time equivalent)
  • $246,718Total assets
  • $6,470Cash and due from depository institutions
  • $1,125Interest-bearing balances
  • $72,156Securities
  • $2,311Federal funds sold & reverse repurchase agreements
  • $143,742Net loans & leases
  • $2,708Loan loss allowance
  • $0Trading account assets
  • $8,966Bank premises and fixed assets
  • $5,522Other real estate owned
  • $464Goodwill and other intangibles
  • $246,718Life insurance assets
  • $7,087All other assets
  • $225,470Total liabilities and capital
  • $216,571Total liabilities
  • $193,589Total deposits
  • $216,571Interest-bearing deposits
  • $77Deposits held in domestic offices
  • 5090.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,000Trading liabilities
  • $0Other borrowed funds
  • $1,809Subordinated debt
  • $21,248All other liabilities
  • $21,248Total equity capital
  • $21,248Total bank equity capital
  • $0Perpetual preferred stock
  • $3,264Common stock
  • $6,339Surplus
  • $11,645Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $11,488Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,230Income earned, not collected on loans
  • $0Earning assets
  • $1,292Long-term assets (5+ years)
  • $219,334Average Assets, year-to-date
  • $99,964Average Assets, quarterly
  • $235,595Volatile liabilities
  • $242,465Insider loans
  • $175,730FHLB advances
  • $244,575Loans and leases held for sale
  • $3,472Unused loan commitments
  • $3,153Tier 1 (core) risk-based capital
  • $19,264Tier 2 risk-based capital
  • $319Total risk weighted assets
  • $0Total unused commitments
  • $31,030Restructured Loans and leases
  • $5,636Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,771Total interest income
  • $2,035Total interest expense
  • $7,736Net interest income
  • $900Provision for loan and lease losses
  • $4,553Total noninterest income
  • $0Fiduciary activities
  • $703Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,850Additional noninterest income
  • $8,413Total noninterest expense
  • $4,836Salaries and employee benefits
  • $1,055Premises and equipment expense
  • $2,522Additional noninterest expense
  • $2,976Pre-tax net operating income
  • $31Securities gains (losses)
  • $913Applicable income taxes
  • $2,094Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,094Net income attributable to bank
  • $0Net charge-offs
  • $2,094Cash dividends
  • $960Sale, conversion, retirement of capital stock, net
  • $800Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.60%Yield on earning assets
  • 0.96%Cost of funding earning assets
  • 3.64%Net interest margin
  • 2.14%Noninterest income to earning assets
  • 3.96%Noninterest expense to earning assets
  • 0.88%Net operating income to assets
  • 0.89%Return on assets (ROA)
  • 1.28%Pretax return on assets
  • 10.32%Return on equity (ROE)
  • 6.37%Retained earnings to average equity (YTD only)
  • 0.66%Net charge-offs to loans
  • 93.75%Credit loss provision to net charge-offs
  • 4.04%Efficiency ratio
  • 68,370Assets per employee
  • 3.80%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 38.20%Loss allowance to loans
  • 1.85%Loss allowance to noncurrent loans
  • 220.16%Noncurrent assets plus other real estate owned to assets
  • 2.74%Noncurrent loans to loans
  • 0.84%Net loans and leases to deposits
  • 66.37%Net loans and leases to core deposits
  • 73.63%Equity capital to assets
  • 8.61%Core capital (leverage) ratio
  • 7.88%Tier 1 risk-based capital ratio
  • 10.96%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $235,595Average earning assets
  • $20,299Average equity
  • $212,427Average loans

List of branches

  • 5 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0363408Patriot Bank8376 Highway 51 North, Millington, TN 38053October 09, 2002Full Service Brick and Mortar
    2423142Byhalia Road Branch279 Market Boulevard, Collierville, TN 38017August 11, 2003Full Service Brick and Mortar
    3428843Pleasant Avenue Branch101 East Pleasant Avenue, Covington, TN 38019May 03, 2004Full Service Brick and Mortar
    45879Peoples Bank Branch9105 Barret Road, Barretville, TN 38053January 01, 1908Full Service Brick and Mortar
    5465944Highway 51 Branch11529 Highway 51 South, Atoka, TN 38004July 16, 2007Full Service Brick and Mortar

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