The Bank/First Citizens Bank in Cleveland, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 11, 2006

  • The Bank/First Citizens Bank in Cleveland, Tennessee (TN)
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The Bank/First Citizens Bank - Overview

  • General
  • FDIC Certificate #: 21498
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Branch Banking and Trust Company (#9846)
    Federal Reserve ID: 813732
    Date Established: April 01, 1974
    WWW: http://www.thebank-fcb.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 10 (Interstate: No)
    OTS Docket #: 11768
    FDIC's unique #: 14869
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: April 01, 1974
    Last Structure Change Effective Date: November 11, 2006
    Last Structure Change Process Date: December 05, 2006
    Last Data Update: December 05, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 2305 Keith Street, Cleveland, TN 37320
    County: Bradley
    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
    Combined Statistical Area (CSA): Chattanooga-Cleveland-Athens, TN-GA (#174)
    Core Based Statistical Area (CBSA): Cleveland, TN (#17420)
    CBSA Metro Statistical Area: Cleveland, TN (#17420)
  • Financial Summary
  • Total assets: $573.1 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, 2005)

  • Dollar figures in thousands
  • 132Total employees (full-time equivalent)
  • $492,641Total assets
  • $17,252Cash and due from depository institutions
  • $92Interest-bearing balances
  • $120,858Securities
  • $28,350Federal funds sold & reverse repurchase agreements
  • $310,455Net loans & leases
  • $4,693Loan loss allowance
  • $0Trading account assets
  • $5,037Bank premises and fixed assets
  • $197Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $10,492All other assets
  • $492,641Total liabilities and capital
  • $456,681Total liabilities
  • $408,981Total deposits
  • $338,689Interest-bearing deposits
  • $408,981Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $32,213Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $10,024Other borrowed funds
  • $0Subordinated debt
  • $5,463All other liabilities
  • $35,960Total equity capital
  • $35,960Total bank equity capital
  • $35,960Perpetual preferred stock
  • $0Common stock
  • $800Surplus
  • $800Undivided profits
  • Memoranda
  • $34,360Noncurrent loans and leases
  • $55,853Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,033Earning assets
  • $0Long-term assets (5+ years)
  • $2,694Average Assets, year-to-date
  • $459,755Average Assets, quarterly
  • $2,818Volatile liabilities
  • $444,679Insider loans
  • $474,285FHLB advances
  • $129,920Loans and leases held for sale
  • $7,815Unused loan commitments
  • $10,000Tier 1 (core) risk-based capital
  • $17,220Tier 2 risk-based capital
  • $774Total risk weighted assets
  • $55,853Total unused commitments
  • $0Restructured Loans and leases
  • $4,340Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $27,707Total interest income
  • $8,039Total interest expense
  • $19,668Net interest income
  • $200Provision for loan and lease losses
  • $4,703Total noninterest income
  • $0Fiduciary activities
  • $2,798Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,905Additional noninterest income
  • $11,433Total noninterest expense
  • $6,113Salaries and employee benefits
  • $1,850Premises and equipment expense
  • $3,470Additional noninterest expense
  • $12,738Pre-tax net operating income
  • $0Securities gains (losses)
  • $896Applicable income taxes
  • $11,842Income before extraordinary items
  • $0Extraordinary gains - net
  • $11,842Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $249Sale, conversion, retirement of capital stock, net
  • $7,000Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.69%Yield on earning assets
  • 1.94%Cost of funding earning assets
  • 4.75%Net interest margin
  • 1.14%Noninterest income to earning assets
  • 2.76%Noninterest expense to earning assets
  • 2.66%Net operating income to assets
  • 2.66%Return on assets (ROA)
  • 2.86%Pretax return on assets
  • 34.44%Return on equity (ROE)
  • 14.08%Retained earnings to average equity (YTD only)
  • 0.08%Net charge-offs to loans
  • 80.32%Credit loss provision to net charge-offs
  • 51.96%Efficiency ratio
  • 46,912Assets per employee
  • 3.73%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 59.11%Loss allowance to loans
  • 1.49%Loss allowance to noncurrent loans
  • 454.31%Noncurrent assets plus other real estate owned to assets
  • 0.25%Noncurrent loans to loans
  • 0.33%Net loans and leases to deposits
  • 75.91%Net loans and leases to core deposits
  • 99.74%Equity capital to assets
  • 7.30%Core capital (leverage) ratio
  • 7.64%Tier 1 risk-based capital ratio
  • 10.70%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $444,679Average earning assets
  • $34,386Average equity
  • $414,268Average loans

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