Tennessee Community Bank in city_name, state_name - Detailed Financial Reports, Location

Tennessee Community Bank in Covington, Tennessee (TN)
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Tennessee Community Bank - Overview

General
FDIC Certificate #: 9955
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Volunteer Bank (#9958)
Federal Reserve ID: 58056
Date Established: June 13, 1887
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 15 (Interstate: No)
OTS Docket #: 11048
FDIC's unique #: 6362
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: December 01, 1995
Last Structure Change Process Date: December 14, 1995
Last Data Update: December 14, 1995
Data Source Date: April 05, 2012
Location
Address: 815 Highway 51 North, Covington, TN 38019
County: Tipton
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Memphis
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Metropolitan Statistical Area (MSA): Memphis, TN-AR-MS (#4920)
Core Based Statistical Area (CBSA): Memphis, TN-MS-AR (#32820)
CBSA Metro Statistical Area: Memphis, TN-MS-AR (#32820)
Financial Summary
Total assets: $339.5 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$178Total assets
$287,481Cash and due from depository institutions
$12,118Interest-bearing balances
$4,318Securities
$89,658Federal funds sold & reverse repurchase agreements
$3,275Net loans & leases
$174,338Loan loss allowance
$2,587Trading account assets
$0Bank premises and fixed assets
$4,108Other real estate owned
$321Goodwill and other intangibles
$3,663Life insurance assets
$0All other assets
$0Total liabilities and capital
$287,481Total liabilities
$261,375Total deposits
$238,553Interest-bearing deposits
$215,584Deposits held in domestic offices
238553.00%% insured (estimated)
$96Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$20,385Subordinated debt
$0All other liabilities
$2,437Total equity capital
$2,437Total bank equity capital
$26,106Perpetual preferred stock
$0Common stock
$2,400Surplus
$5,081Undivided profits
Memoranda
$18,625Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$480Income earned, not collected on loans
$1,442Earning assets
$271,589Long-term assets (5+ years)
$56,267Average Assets, year-to-date
$277,559Average Assets, quarterly
$281,493Volatile liabilities
$31,320Insider loans
$628FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$9,986Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$26,931Total risk weighted assets
$157,273Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$20,942Total interest expense
$9,111Net interest income
$11,831Provision for loan and lease losses
$285Total noninterest income
$1,470Fiduciary activities
$5Service charges on deposit accounts
$883Trading account gains & fees
$0Additional noninterest income
$582Total noninterest expense
$8,182Salaries and employee benefits
$4,108Premises and equipment expense
$1,204Additional noninterest expense
$2,870Pre-tax net operating income
$4,834Securities gains (losses)
-$163Applicable income taxes
$1,354Income before extraordinary items
$3,317Extraordinary gains - net
$0Net income attributable to bank
$3,317Net charge-offs
$428Cash dividends
$860Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.01%Cost of funding earning assets
3.48%Net interest margin
4.52%Noninterest income to earning assets
0.56%Noninterest expense to earning assets
3.13%Net operating income to assets
1.24%Return on assets (ROA)
1.20%Pretax return on assets
1.68%Return on equity (ROE)
13.09%Retained earnings to average equity (YTD only)
9.70%Net charge-offs to loans
0.25%Credit loss provision to net charge-offs
66.59%Efficiency ratio
61,514Assets per employee
1.62%Cash dividends to net income (YTD only)
Condition Ratios (%)
25.93%Loss allowance to loans
1.46%Loss allowance to noncurrent loans
538.96%Noncurrent assets plus other real estate owned to assets
0.28%Noncurrent loans to loans
0.27%Net loans and leases to deposits
73.08%Net loans and leases to core deposits
80.25%Equity capital to assets
9.08%Core capital (leverage) ratio
9.55%Tier 1 risk-based capital ratio
17.12%Total risk-based capital ratio
Memoranda
$18Average assets
$277,559Average earning assets
$25,333Average equity
$261,520Average loans

Tennessee Community Bank in Covington, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Tennessee Community Bank - Overview

Assets and Liabilities (December 31, 1994)

Income and Expense (December 31, 1994)

Performance and Condition Ratios (December 31, 1994)

Comment about this bank, ask questions, or add new information about it:

Tennessee Community Bank in Covington, Tennessee (TN)Overview, Financial Summary, Detailed Financial Reports, Branches

Tennessee Community Bank - Overview

Assets and Liabilities (December 31, 1994)

Income and Expense (December 31, 1994)

Performance and Condition Ratios (December 31, 1994)

Comment about this bank, ask questions, or add new information about it:

Tennessee Community Bank in Covington, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches