Tennessee Commerce Bank in Franklin, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 27, 2012

  • Tennessee Commerce Bank in Franklin, Tennessee (TN)
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Tennessee Commerce Bank - Overview

  • General
  • FDIC Certificate #: 35296
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Republic Bank & Trust Company (#23627)
    Federal Reserve ID: 2874634
    Bank Holding Company (Regulatory Top Holder): Tennessee Commerce Bancorp, Inc. (RSSDID: 2916169, Location: Franklin, TN)
    Date Established: January 14, 2000
    WWW: http://www.tncommercebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 77686
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 14, 2000
    Last Structure Change Effective Date: January 27, 2012
    Last Structure Change Process Date: January 30, 2012
    Last Data Update: January 30, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 381 Mallory Station Road, Franklin, TN 37067
    County: Williamson
    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: $1,009.2 mil
    Equity capital: -$36.7 mil
    Deposits held in domestic offices: $1,037.7 mil
    Return on assets (ROA): -12.63% (-$127.4 mil)
    Quarterly return on assets: -17.82% (-$179.8 mil)
    Return on Equity (ROE): -329.81% ($122.0 mil)
    Net income: -$165.0 mil
    Quarterly Net income: -$48.9 mil
    Pretax return on assets: -13.08% (-$131,997.3 mil)
    Quarterly Pretax return on assets: -17.74% (-$179,023.9 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, 2011)

  • Dollar figures in thousands
  • 79Total employees (full-time equivalent)
  • $1,009,154Total assets
  • $34,381Cash and due from depository institutions
  • $32,344Interest-bearing balances
  • $86,932Securities
  • $8,453Federal funds sold & reverse repurchase agreements
  • $833,118Net loans & leases
  • $64,068Loan loss allowance
  • $0Trading account assets
  • $1,907Bank premises and fixed assets
  • $14,273Other real estate owned
  • $0Goodwill and other intangibles
  • $1,009,154Life insurance assets
  • $30,090All other assets
  • $1,045,814Total liabilities and capital
  • $1,037,716Total liabilities
  • $1,006,993Total deposits
  • $1,037,716Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $8,098Subordinated debt
  • $-36,660All other liabilities
  • $-36,660Total equity capital
  • $-36,660Total bank equity capital
  • $0Perpetual preferred stock
  • $909Common stock
  • $98,256Surplus
  • $-135,825Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $127,033Income earned, not collected on loans
  • $0Earning assets
  • $3,613Long-term assets (5+ years)
  • $960,847Average Assets, year-to-date
  • $187,195Average Assets, quarterly
  • $1,306,946Volatile liabilities
  • $1,097,035Insider loans
  • $901,248FHLB advances
  • $1,121,873Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $-36,088Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $77,498Restructured Loans and leases
  • $24,145Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $61,390Total interest income
  • $23,580Total interest expense
  • $37,810Net interest income
  • $155,665Provision for loan and lease losses
  • -$12,725Total noninterest income
  • $0Fiduciary activities
  • $51Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$12,776Additional noninterest income
  • $29,916Total noninterest expense
  • $7,959Salaries and employee benefits
  • $1,752Premises and equipment expense
  • $20,205Additional noninterest expense
  • -$160,496Pre-tax net operating income
  • -$10,442Securities gains (losses)
  • -$5,914Applicable income taxes
  • -$165,024Income before extraordinary items
  • $0Extraordinary gains - net
  • -$165,024Net income attributable to bank
  • $0Net charge-offs
  • -$165,024Cash dividends
  • $113,060Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.02%Yield on earning assets
  • 1.93%Cost of funding earning assets
  • 3.09%Net interest margin
  • -1.04%Noninterest income to earning assets
  • 2.45%Noninterest expense to earning assets
  • -11.85%Net operating income to assets
  • -12.63%Return on assets (ROA)
  • -13.08%Pretax return on assets
  • -329.81%Return on equity (ROE)
  • -329.81%Retained earnings to average equity (YTD only)
  • 10.41%Net charge-offs to loans
  • 137.68%Credit loss provision to net charge-offs
  • -0.04%Efficiency ratio
  • 119,259Assets per employee
  • 12.77%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 7.14%Loss allowance to noncurrent loans
  • 50.43%Noncurrent assets plus other real estate owned to assets
  • 14.00%Noncurrent loans to loans
  • 14.16%Net loans and leases to deposits
  • 80.28%Net loans and leases to core deposits
  • 106.65%Equity capital to assets
  • -3.63%Core capital (leverage) ratio
  • -3.22%Tier 1 risk-based capital ratio
  • -4.00%Total risk-based capital ratio
  • Memoranda
  • -$4Average assets
  • $1,306,946Average earning assets
  • $50,036Average equity
  • $1,222,312Average loans

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