FDIC Certificate #: 2392 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:GreenBank (#895) Federal Reserve ID: 814935 Date Established: January 01, 1911 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 13796 FDIC's unique #: 1573 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: October 19, 1998 Last Structure Change Process Date: December 03, 1998 Last Data Update: December 03, 1998 Data Source Date: April 05, 2012
Location
Address: 204 East Main Street, Niota, TN 37826 County: Mcminn 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): Athens, TN (#11940) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $41.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
25Total employees (full-time equivalent)
$40,395Total assets
$2,096Cash and due from depository institutions
$0Interest-bearing balances
$3,471Securities
$0Federal funds sold & reverse repurchase agreements
$33,612Net loans & leases
$534Loan loss allowance
$0Trading account assets
$595Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$621All other assets
$40,395Total liabilities and capital
$37,527Total liabilities
$35,180Total deposits
$30,715Interest-bearing deposits
$35,180Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,000Other borrowed funds
$0Subordinated debt
$347All other liabilities
$2,868Total equity capital
$2,868Total bank equity capital
$2,868Perpetual preferred stock
$0Common stock
$50Surplus
$550Undivided profits
Memoranda
$2,268Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$405Earning assets
$0Long-term assets (5+ years)
$289Average Assets, year-to-date
$37,083Average Assets, quarterly
$897Volatile liabilities
$37,354Insider loans
$40,417FHLB advances
$5,100Loans and leases held for sale
$96Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,039Total unused commitments
$0Restructured Loans and leases
$29,040Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$3,368Total interest income
$1,457Total interest expense
$1,911Net interest income
$702Provision for loan and lease losses
$248Total noninterest income
$0Fiduciary activities
$142Service charges on deposit accounts
$0Trading account gains & fees
$106Additional noninterest income
$1,357Total noninterest expense
$809Salaries and employee benefits
$183Premises and equipment expense
$365Additional noninterest expense
$100Pre-tax net operating income
$2Securities gains (losses)
$57Applicable income taxes
$45Income before extraordinary items
$0Extraordinary gains - net
$45Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$571Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.87%Yield on earning assets
4.27%Cost of funding earning assets
5.60%Net interest margin
0.73%Noninterest income to earning assets
3.98%Noninterest expense to earning assets
0.12%Net operating income to assets
0.12%Return on assets (ROA)
0.27%Pretax return on assets
1.64%Return on equity (ROE)
1.64%Retained earnings to average equity (YTD only)
1.88%Net charge-offs to loans
122.94%Credit loss provision to net charge-offs
1.40%Efficiency ratio
62,853Assets per employee
1.62%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.56%Loss allowance to noncurrent loans
131.85%Noncurrent assets plus other real estate owned to assets
1.00%Noncurrent loans to loans
1.19%Net loans and leases to deposits
95.54%Net loans and leases to core deposits
104.78%Equity capital to assets
7.10%Core capital (leverage) ratio
7.67%Tier 1 risk-based capital ratio
9.83%Total risk-based capital ratio
Memoranda
$11Average assets
$37,354Average earning assets
$2,750Average equity
$34,128Average loans
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