FDIC Certificate #: 34246 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:GreenBank (#895) Federal Reserve ID: 2454009 Date Established: October 04, 1996 WWW:http://www.rutherfordbank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) OTS Docket #: 15437 FDIC's unique #: 57005 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: October 04, 1996 Last Structure Change Effective Date: November 21, 2003 Last Structure Change Process Date: December 04, 2003 Last Data Update: December 04, 2003 Data Source Date: April 05, 2012
Location
Address: 372 West Northfield Boulevard, Murfreesboro, TN 37129 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: $59.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
18Total employees (full-time equivalent)
$57,620Total assets
$3,099Cash and due from depository institutions
$0Interest-bearing balances
$4,933Securities
$6,296Federal funds sold & reverse repurchase agreements
$40,730Net loans & leases
$549Loan loss allowance
$0Trading account assets
$2,040Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$522All other assets
$57,620Total liabilities and capital
$52,687Total liabilities
$52,466Total deposits
$45,569Interest-bearing deposits
$52,466Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$221All other liabilities
$4,933Total equity capital
$4,933Total bank equity capital
$4,933Perpetual preferred stock
$0Common stock
$800Surplus
$3,200Undivided profits
Memoranda
$933Noncurrent loans and leases
$9,286Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$965Earning assets
$0Long-term assets (5+ years)
$201Average Assets, year-to-date
$51,959Average Assets, quarterly
$1,681Volatile liabilities
$55,196Insider loans
$57,384FHLB advances
$12,004Loans and leases held for sale
$1,182Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$9,286Total unused commitments
$0Restructured Loans and leases
$549Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$3,189Total interest income
$1,272Total interest expense
$1,917Net interest income
$138Provision for loan and lease losses
$445Total noninterest income
$0Fiduciary activities
$335Service charges on deposit accounts
$0Trading account gains & fees
$110Additional noninterest income
$1,745Total noninterest expense
$804Salaries and employee benefits
$313Premises and equipment expense
$628Additional noninterest expense
$479Pre-tax net operating income
$0Securities gains (losses)
$187Applicable income taxes
$292Income before extraordinary items
$0Extraordinary gains - net
$292Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$126Sale, conversion, retirement of capital stock, net
$9Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.41%Yield on earning assets
2.56%Cost of funding earning assets
3.86%Net interest margin
0.89%Noninterest income to earning assets
3.51%Noninterest expense to earning assets
0.53%Net operating income to assets
0.53%Return on assets (ROA)
0.87%Pretax return on assets
6.13%Return on equity (ROE)
5.94%Retained earnings to average equity (YTD only)
0.30%Net charge-offs to loans
109.52%Credit loss provision to net charge-offs
4.90%Efficiency ratio
73,878Assets per employee
3.20%Cash dividends to net income (YTD only)
Condition Ratios (%)
3.08%Loss allowance to loans
1.33%Loss allowance to noncurrent loans
56.89%Noncurrent assets plus other real estate owned to assets
1.67%Noncurrent loans to loans
2.34%Net loans and leases to deposits
77.63%Net loans and leases to core deposits
100.66%Equity capital to assets
8.56%Core capital (leverage) ratio
8.49%Tier 1 risk-based capital ratio
11.18%Total risk-based capital ratio
Memoranda
$12Average assets
$55,196Average earning assets
$4,763Average equity
$49,728Average loans
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