The Bank of Jackson in Jackson, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • The Bank of Jackson in Jackson, Tennessee (TN)
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The Bank of Jackson - Overview

  • General
  • FDIC Certificate #: 34457
    Status: Active
    Federal Reserve ID: 2577739
    Bank Holding Company (Regulatory Top Holder): Security Bancorp Of Tennessee, Inc. (RSSDID: 1135374, Location: Halls, TN)
    Date Established: June 02, 1997
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 15743
    FDIC's unique #: 57221
    Numeric code: 13
    Regulator: FED
    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: June 02, 1997
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 558 Carriage House Drive, Jackson, TN 38305
    County: Madison
    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): Jackson, TN (#3580)
    Combined Statistical Area (CSA): Jackson-Humboldt, TN (#297)
    Core Based Statistical Area (CBSA): Jackson, TN (#27180)
    CBSA Metro Statistical Area: Jackson, TN (#27180)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $129.9 mil
    Equity capital: $15.4 mil
    Deposits held in domestic offices: $110.3 mil
    Return on assets (ROA): 0.53% ($0.7 mil)
    Quarterly return on assets: 0.60% ($0.8 mil)
    Return on Equity (ROE): 4.39% ($0.7 mil)
    Quarterly return on equity: 4.96% ($0.7 mil)
    Net income: $0.7 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.69% ($896.4 mil)
    Quarterly Pretax return on assets: 0.81% ($1,052.3 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, 2011)

  • Dollar figures in thousands
  • 25Total employees (full-time equivalent)
  • $129,912Total assets
  • $6,417Cash and due from depository institutions
  • $2,662Interest-bearing balances
  • $42,934Securities
  • $6,450Federal funds sold & reverse repurchase agreements
  • $66,370Net loans & leases
  • $1,270Loan loss allowance
  • $0Trading account assets
  • $4,205Bank premises and fixed assets
  • $907Other real estate owned
  • $233Goodwill and other intangibles
  • $129,912Life insurance assets
  • $2,396All other assets
  • $114,520Total liabilities and capital
  • $110,309Total liabilities
  • $97,425Total deposits
  • $110,309Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 1424.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,000Trading liabilities
  • $0Other borrowed funds
  • $787Subordinated debt
  • $15,392All other liabilities
  • $15,392Total equity capital
  • $15,392Total bank equity capital
  • $0Perpetual preferred stock
  • $3,511Common stock
  • $3,511Surplus
  • $8,370Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $2,540Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,929Income earned, not collected on loans
  • $0Earning assets
  • $470Long-term assets (5+ years)
  • $118,416Average Assets, year-to-date
  • $44,868Average Assets, quarterly
  • $124,701Volatile liabilities
  • $126,943Insider loans
  • $85,011FHLB advances
  • $125,892Loans and leases held for sale
  • $687Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $14,195Tier 2 risk-based capital
  • $687Total risk weighted assets
  • $0Total unused commitments
  • $5,519Restructured Loans and leases
  • $139Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,281Total interest income
  • $1,130Total interest expense
  • $4,151Net interest income
  • $600Provision for loan and lease losses
  • $759Total noninterest income
  • $0Fiduciary activities
  • $268Service charges on deposit accounts
  • $0Trading account gains & fees
  • $491Additional noninterest income
  • $3,468Total noninterest expense
  • $1,337Salaries and employee benefits
  • $632Premises and equipment expense
  • $1,499Additional noninterest expense
  • $842Pre-tax net operating income
  • $20Securities gains (losses)
  • $199Applicable income taxes
  • $663Income before extraordinary items
  • $0Extraordinary gains - net
  • $663Net income attributable to bank
  • $0Net charge-offs
  • $663Cash dividends
  • $873Sale, conversion, retirement of capital stock, net
  • $425Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.69%Yield on earning assets
  • 1.00%Cost of funding earning assets
  • 3.68%Net interest margin
  • 0.67%Noninterest income to earning assets
  • 3.08%Noninterest expense to earning assets
  • 0.52%Net operating income to assets
  • 0.53%Return on assets (ROA)
  • 0.69%Pretax return on assets
  • 4.39%Return on equity (ROE)
  • 1.58%Retained earnings to average equity (YTD only)
  • 1.23%Net charge-offs to loans
  • 68.73%Credit loss provision to net charge-offs
  • 1.65%Efficiency ratio
  • 70,631Assets per employee
  • 5.20%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 64.10%Loss allowance to loans
  • 1.88%Loss allowance to noncurrent loans
  • 65.84%Noncurrent assets plus other real estate owned to assets
  • 2.18%Noncurrent loans to loans
  • 2.85%Net loans and leases to deposits
  • 60.17%Net loans and leases to core deposits
  • 64.54%Equity capital to assets
  • 11.85%Core capital (leverage) ratio
  • 11.28%Tier 1 risk-based capital ratio
  • 16.70%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $124,701Average earning assets
  • $15,087Average equity
  • $112,702Average loans

List of branches

  • 3 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    057221The Bank Of Jackson558 Carriage House Drive, Jackson, TN 38305June 02, 1997Full Service Brick and Mortar
    2362611University Parkway Branch132 University Parkway, Jackson, TN 38305June 29, 2001Full Service Brick and Mortar
    3479334Main Office Branch420 Oil Well Rd, Jackson, TN 38305July 30, 2007Full Service Brick and Mortar

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