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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