Tandy National Bank in Gray, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 29, 1995

  • Tandy National Bank in Gray, Tennessee (TN)
  • Show street view No street view available for this location

Tandy National Bank - Overview

  • General
  • FDIC Certificate #: 33894
    Status: Inactive
    Federal Reserve ID: 2192918
    Date Established: May 11, 1994
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 54750
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: May 11, 1994
    Last Structure Change Effective Date: September 29, 1995
    Last Structure Change Process Date: October 23, 1995
    Last Data Update: October 23, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 104 Suncrest Drive, Gray, TN 37615
    County: Washington
    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
    Metropolitan Statistical Area (MSA): Johnson City-Kingsport-Bristol, TN-VA (#3660)
    Combined Statistical Area (CSA): Johnson City-Kingsport-Bristol (Tri-Cities), TN-VA (#304)
    Core Based Statistical Area (CBSA): Johnson City, TN (#27740)
    CBSA Metro Statistical Area: Johnson City, TN (#27740)
  • History of Changes
  • Other Liquidations and Closings
  • Financial Summary
  • Total assets: $11.1 mil

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $24Total assets
  • $21,132Cash and due from depository institutions
  • $1,798Interest-bearing balances
  • $0Securities
  • $4,073Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $3,396Loan loss allowance
  • $0Trading account assets
  • $0Bank premises and fixed assets
  • $85Other real estate owned
  • $0Goodwill and other intangibles
  • $11,734Life insurance assets
  • $46All other assets
  • $0Total liabilities and capital
  • $21,132Total liabilities
  • $9,438Total deposits
  • $0Interest-bearing deposits
  • $0Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $9,438Total equity capital
  • $9,438Total bank equity capital
  • $11,694Perpetual preferred stock
  • $0Common stock
  • $1,250Surplus
  • $1,250Undivided profits
  • Memoranda
  • $9,194Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $7,469Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $13,214Average Assets, quarterly
  • $15,582Volatile liabilities
  • $0Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $11,648Total risk weighted assets
  • $16,449Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $89Total interest expense
  • $177Net interest income
  • -$88Provision for loan and lease losses
  • $0Total noninterest income
  • $38,072Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $38,072Total noninterest expense
  • $23,821Salaries and employee benefits
  • $531Premises and equipment expense
  • $13Additional noninterest expense
  • $23,277Pre-tax net operating income
  • $14,163Securities gains (losses)
  • $0Applicable income taxes
  • $4,969Income before extraordinary items
  • $9,194Extraordinary gains - net
  • $0Net income attributable to bank
  • $9,194Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $2,500Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 1.38%Cost of funding earning assets
  • 2.75%Net interest margin
  • -1.37%Noninterest income to earning assets
  • 590.94%Noninterest expense to earning assets
  • 369.74%Net operating income to assets
  • 69.58%Return on assets (ROA)
  • 69.58%Pretax return on assets
  • 107.18%Return on equity (ROE)
  • 162.23%Retained earnings to average equity (YTD only)
  • 162.23%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 62,713Assets per employee
  • 0.88%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.00%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 0.00%Net loans and leases to core deposits
  • 0.00%Equity capital to assets
  • 55.34%Core capital (leverage) ratio
  • 106.86%Tier 1 risk-based capital ratio
  • 70.81%Total risk-based capital ratio
  • Memoranda
  • $71Average assets
  • $13,214Average earning assets
  • $5,667Average equity
  • $6,443Average loans

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