The Bank of Jackson in Jackson, Tennessee (TN)
| The Bank of Jackson | |
|---|---|
| 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 WWW: http://www.bankofjackson.com 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) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 25 |
| Total assets | $129,912 |
| Cash and due from depository institutions | $6,417 |
| Interest-bearing balances | $2,662 |
| Securities | $42,934 |
| Federal funds sold & reverse repurchase agreements | $6,450 |
| Net loans & leases | $66,370 |
| Loan loss allowance | $1,270 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $4,205 |
| Other real estate owned | $907 |
| Goodwill and other intangibles | $233 |
| All other assets | $2,396 |
| Life insurance assets | $129,912 |
| Total liabilities and capital | $114,520 |
| Total liabilities | $110,309 |
| Total deposits | $97,425 |
| Interest-bearing deposits | $110,309 |
| Deposits held in domestic offices | $85 |
| % insured (estimated) | 1424.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $2,000 |
| Other borrowed funds | $0 |
| Subordinated debt | $787 |
| All other liabilities | $15,392 |
| Total equity capital | $15,392 |
| Total bank equity capital | $15,392 |
| Perpetual preferred stock | $0 |
| Common stock | $3,511 |
| Surplus | $3,511 |
| Undivided profits | $8,370 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $2,540 |
| Income earned, not collected on loans | $1,929 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $470 |
| Average Assets, year-to-date | $118,416 |
| Average Assets, quarterly | $44,868 |
| Volatile liabilities | $124,701 |
| Insider loans | $126,943 |
| FHLB advances | $85,011 |
| Loans and leases held for sale | $125,892 |
| Unused loan commitments | $687 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $14,195 |
| Total risk weighted assets | $687 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $5,519 |
| Derivatives | $139 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $5,281 |
| Total interest expense | $1,130 |
| Net interest income | $4,151 |
| Provision for loan and lease losses | $600 |
| Total noninterest income | $759 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $268 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $491 |
| Total noninterest expense | $3,468 |
| Salaries and employee benefits | $1,337 |
| Premises and equipment expense | $632 |
| Additional noninterest expense | $1,499 |
| Pre-tax net operating income | $842 |
| Securities gains (losses) | $20 |
| Applicable income taxes | $199 |
| Income before extraordinary items | $663 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $663 |
| Net charge-offs | $0 |
| Cash dividends | $663 |
| Sale, conversion, retirement of capital stock, net | $873 |
| Net operating income | $425 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.69% |
| Cost of funding earning assets | 1.00% |
| Net interest margin | 3.68% |
| Noninterest income to earning assets | 0.67% |
| Noninterest expense to earning assets | 3.08% |
| Net operating income to assets | 0.52% |
| Return on assets (ROA) | 0.53% |
| Pretax return on assets | 0.69% |
| Return on equity (ROE) | 4.39% |
| Retained earnings to average equity (YTD only) | 1.58% |
| Net charge-offs to loans | 1.23% |
| Credit loss provision to net charge-offs | 68.73% |
| Efficiency ratio | 1.65% |
| Assets per employee | $70,631 |
| Cash dividends to net income (YTD only) | 5.20% |
| Condition Ratios (%) | |
| Loss allowance to loans | 64.10% |
| Loss allowance to noncurrent loans | 1.88% |
| Noncurrent assets plus other real estate owned to assets | 65.84% |
| Noncurrent loans to loans | 2.18% |
| Net loans and leases to deposits | 2.85% |
| Net loans and leases to core deposits | 60.17% |
| Equity capital to assets | 64.54% |
| Core capital (leverage) ratio | 11.85% |
| Tier 1 risk-based capital ratio | 11.28% |
| Total risk-based capital ratio | 16.70% |
| Memoranda | |
| Average assets | $18 |
| Average earning assets | $124,701 |
| Average equity | $15,087 |
| Average loans | $112,702 |
| 3 Tennessee Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 57221 | The Bank Of Jackson | 558 Carriage House Drive, Jackson, TN 38305 | June 02, 1997 | Full Service Brick and Mortar |  |
| 2 | 362611 | University Parkway Branch | 132 University Parkway, Jackson, TN 38305 | June 29, 2001 | Full Service Brick and Mortar |  |
| 3 | 479334 | Main Office Branch | 420 Oil Well Rd, Jackson, TN 38305 | July 30, 2007 | Full Service Brick and Mortar | |
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