Peoples Bank of Polk County in Benton, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 31, 2004

  • Peoples Bank of Polk County in Benton, Tennessee (TN)
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Peoples Bank of Polk County - Overview

  • General
  • FDIC Certificate #: 21563
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Bank of Tennessee (#10693)
    Federal Reserve ID: 674737
    Date Established: May 04, 1974
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 14916
    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: May 04, 1974
    Last Structure Change Effective Date: December 31, 2004
    Last Structure Change Process Date: January 25, 2005
    Last Data Update: January 25, 2005
    Data Source Date: April 05, 2012
  • Location
  • Address: U.S. Highway 411, Benton, TN 37307
    County: Polk
    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): Chattanooga-Cleveland-Athens, TN-GA (#174)
    Core Based Statistical Area (CBSA): Cleveland, TN (#17420)
    CBSA Metro Statistical Area: Cleveland, TN (#17420)
  • Financial Summary
  • Total assets: $23.3 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, 2003)

  • Dollar figures in thousands
  • 9Total employees (full-time equivalent)
  • $22,319Total assets
  • $985Cash and due from depository institutions
  • $0Interest-bearing balances
  • $4,890Securities
  • $1,350Federal funds sold & reverse repurchase agreements
  • $14,570Net loans & leases
  • $199Loan loss allowance
  • $0Trading account assets
  • $181Bank premises and fixed assets
  • $100Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $243All other assets
  • $22,319Total liabilities and capital
  • $19,289Total liabilities
  • $19,182Total deposits
  • $16,395Interest-bearing deposits
  • $19,182Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $107All other liabilities
  • $3,030Total equity capital
  • $3,030Total bank equity capital
  • $3,030Perpetual preferred stock
  • $0Common stock
  • $405Surplus
  • $405Undivided profits
  • Memoranda
  • $2,220Noncurrent loans and leases
  • $1,467Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $4Earning assets
  • $0Long-term assets (5+ years)
  • $127Average Assets, year-to-date
  • $20,810Average Assets, quarterly
  • $4,829Volatile liabilities
  • $22,283Insider loans
  • $22,225FHLB advances
  • $5,860Loans and leases held for sale
  • $12Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,467Total unused commitments
  • $0Restructured Loans and leases
  • $196Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $1,301Total interest income
  • $386Total interest expense
  • $915Net interest income
  • $0Provision for loan and lease losses
  • $84Total noninterest income
  • $0Fiduciary activities
  • $69Service charges on deposit accounts
  • $0Trading account gains & fees
  • $15Additional noninterest income
  • $826Total noninterest expense
  • $440Salaries and employee benefits
  • $90Premises and equipment expense
  • $296Additional noninterest expense
  • $173Pre-tax net operating income
  • $0Securities gains (losses)
  • $17Applicable income taxes
  • $156Income before extraordinary items
  • $0Extraordinary gains - net
  • $156Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$18Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.31%Yield on earning assets
  • 1.87%Cost of funding earning assets
  • 4.44%Net interest margin
  • 0.41%Noninterest income to earning assets
  • 4.00%Noninterest expense to earning assets
  • 0.70%Net operating income to assets
  • 0.70%Return on assets (ROA)
  • 0.78%Pretax return on assets
  • 5.27%Return on equity (ROE)
  • 5.27%Retained earnings to average equity (YTD only)
  • -0.13%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 82,683Assets per employee
  • 2.48%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.35%Loss allowance to noncurrent loans
  • 4975.00%Noncurrent assets plus other real estate owned to assets
  • 0.47%Noncurrent loans to loans
  • 0.03%Net loans and leases to deposits
  • 75.96%Net loans and leases to core deposits
  • 109.37%Equity capital to assets
  • 13.58%Core capital (leverage) ratio
  • 13.04%Tier 1 risk-based capital ratio
  • 18.70%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $22,283Average earning assets
  • $2,960Average equity
  • $20,625Average loans

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