The Bank of Milan in Milan, Tennessee (TN)



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The Bank of Milan routing number info

Table of contents:
The Bank of Milan
GeneralFDIC 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
WWW: http://www.bankofmilan.net
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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)19
Total assets$63,770
Cash and due from depository institutions$4,723
Interest-bearing balances$98
Securities$23,484
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$31,997
Loan loss allowance $398
Trading account assets$0
Bank premises and fixed assets$1,654
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$1,912
Life insurance assets$63,770
Total liabilities and capital$57,738
Total liabilities$56,107
Total deposits$49,077
Interest-bearing deposits$56,107
Deposits held in domestic offices$99
% insured (estimated)1348.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $283
All other liabilities $6,032
Total equity capital$6,032
Total bank equity capital$6,032
Perpetual preferred stock$0
Common stock$350
Surplus$4,093
Undivided profits $1,589
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $200
Earning assets $0
Long-term assets (5+ years) $344
Average Assets, year-to-date $55,579
Average Assets, quarterly $26,320
Volatile liabilities $63,237
Insider loans $64,006
FHLB advances $35,721
Loans and leases held for sale $63,930
Unused loan commitments $1,169
Tier 1 (core) risk-based capital $1,169
Tier 2 risk-based capital $5,511
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $5,991
Derivatives$603
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,934
Total interest expense $552
Net interest income $2,382
Provision for loan and lease losses $0
Total noninterest income $660
Fiduciary activities $0
Service charges on deposit accounts $399
Trading account gains & fees $0
Additional noninterest income $261
Total noninterest expense $2,369
Salaries and employee benefits $1,117
Premises and equipment expense $344
Additional noninterest expense $908
Pre-tax net operating income $673
Securities gains (losses) $44
Applicable income taxes -$31
Income before extraordinary items $748
Extraordinary gains - net $0
Net income attributable to bank $748
Net charge-offs $0
Cash dividends $748
Sale, conversion, retirement of capital stock, net $12
Net operating income $237
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.25%
Cost of funding earning assets 0.99%
Net interest margin 4.26%
Noninterest income to earning assets 1.18%
Noninterest expense to earning assets 4.24%
Net operating income to assets 1.11%
Return on assets (ROA) 1.18%
Pretax return on assets 1.13%
Return on equity (ROE) 13.74%
Retained earnings to average equity (YTD only) 9.39%
Net charge-offs to loans 0.04%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio56.08%
Assets per employee$77,876
Cash dividends to net income (YTD only)3.36%
Condition Ratios (%)
Loss allowance to loans 31.68%
Loss allowance to noncurrent loans 1.23%
Noncurrent assets plus other real estate owned to assets 199.00%
Noncurrent loans to loans 0.31%
Net loans and leases to deposits0.62%
Net loans and leases to core deposits 57.03%
Equity capital to assets 58.02%
Core capital (leverage) ratio 9.46%
Tier 1 risk-based capital ratio 8.62%
Total risk-based capital ratio 15.43%
Memoranda
Average assets$17
Average earning assets$63,237
Average equity $5,444
Average loans $55,854
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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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