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

The Bank of Milan - Overview

  • General
  • FDIC Certificate #: 33851
    Status: Active
    Federal Reserve ID: 2123930
    Bank Holding Company (Regulatory Top Holder): Hometown Bancorp, Inc. (RSSDID: 2263993, Location: Milan, TN)
    Date Established: November 12, 1993
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 13098
    FDIC's unique #: 48159
    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: Yes
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: November 12, 1993
    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: 2011 East Van Hook Street, Milan, TN 38358
    County: Gibson
    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
    Combined Statistical Area (CSA): Jackson-Humboldt, TN (#297)
    Core Based Statistical Area (CBSA): Humboldt, TN (#26480)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $63.8 mil
    Equity capital: $6.0 mil
    Deposits held in domestic offices: $56.1 mil
    Return on assets (ROA): 1.18% ($0.8 mil)
    Quarterly return on assets: 1.46% ($0.9 mil)
    Return on Equity (ROE): 13.74% ($0.8 mil)
    Quarterly return on equity: 15.67% ($0.9 mil)
    Net income: $0.7 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.13% ($720.6 mil)
    Quarterly Pretax return on assets: 1.14% ($727.0 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
  • 19Total employees (full-time equivalent)
  • $63,770Total assets
  • $4,723Cash and due from depository institutions
  • $98Interest-bearing balances
  • $23,484Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $31,997Net loans & leases
  • $398Loan loss allowance
  • $0Trading account assets
  • $1,654Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $63,770Life insurance assets
  • $1,912All other assets
  • $57,738Total liabilities and capital
  • $56,107Total liabilities
  • $49,077Total deposits
  • $56,107Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 1348.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $283Subordinated debt
  • $6,032All other liabilities
  • $6,032Total equity capital
  • $6,032Total bank equity capital
  • $0Perpetual preferred stock
  • $350Common stock
  • $4,093Surplus
  • $1,589Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $200Income earned, not collected on loans
  • $0Earning assets
  • $344Long-term assets (5+ years)
  • $55,579Average Assets, year-to-date
  • $26,320Average Assets, quarterly
  • $63,237Volatile liabilities
  • $64,006Insider loans
  • $35,721FHLB advances
  • $63,930Loans and leases held for sale
  • $1,169Unused loan commitments
  • $1,169Tier 1 (core) risk-based capital
  • $5,511Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,991Restructured Loans and leases
  • $603Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,934Total interest income
  • $552Total interest expense
  • $2,382Net interest income
  • $0Provision for loan and lease losses
  • $660Total noninterest income
  • $0Fiduciary activities
  • $399Service charges on deposit accounts
  • $0Trading account gains & fees
  • $261Additional noninterest income
  • $2,369Total noninterest expense
  • $1,117Salaries and employee benefits
  • $344Premises and equipment expense
  • $908Additional noninterest expense
  • $673Pre-tax net operating income
  • $44Securities gains (losses)
  • -$31Applicable income taxes
  • $748Income before extraordinary items
  • $0Extraordinary gains - net
  • $748Net income attributable to bank
  • $0Net charge-offs
  • $748Cash dividends
  • $12Sale, conversion, retirement of capital stock, net
  • $237Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.25%Yield on earning assets
  • 0.99%Cost of funding earning assets
  • 4.26%Net interest margin
  • 1.18%Noninterest income to earning assets
  • 4.24%Noninterest expense to earning assets
  • 1.11%Net operating income to assets
  • 1.18%Return on assets (ROA)
  • 1.13%Pretax return on assets
  • 13.74%Return on equity (ROE)
  • 9.39%Retained earnings to average equity (YTD only)
  • 0.04%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 56.08%Efficiency ratio
  • 77,876Assets per employee
  • 3.36%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 31.68%Loss allowance to loans
  • 1.23%Loss allowance to noncurrent loans
  • 199.00%Noncurrent assets plus other real estate owned to assets
  • 0.31%Noncurrent loans to loans
  • 0.62%Net loans and leases to deposits
  • 57.03%Net loans and leases to core deposits
  • 58.02%Equity capital to assets
  • 9.46%Core capital (leverage) ratio
  • 8.62%Tier 1 risk-based capital ratio
  • 15.43%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $63,237Average earning assets
  • $5,444Average equity
  • $55,854Average loans

List of branches

  • 2 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    048159The Bank Of Milan2011 East Van Hook Street, Milan, TN 38358November 12, 1993Full Service Brick and Mortar
    2289980Medina Branch503 West Church Street, Medina, TN 38355April 13, 1998Full Service Brick and Mortar

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