FDIC Certificate #: 1709 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:National Bank of Commerce (#4978) Federal Reserve ID: 115557 Date Established: September 17, 1917 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 9736 FDIC's unique #: 1125 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: September 18, 1998 Last Structure Change Process Date: October 05, 1998 Last Data Update: October 05, 1998 Data Source Date: April 05, 2012
Location
Address: 185 North Main Street, Collierville, TN 38017 County: Shelby 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): Memphis, TN-AR-MS (#4920) Core Based Statistical Area (CBSA): Memphis, TN-MS-AR (#32820) CBSA Metro Statistical Area: Memphis, TN-MS-AR (#32820)
Financial Summary
Total assets: $40.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
24Total employees (full-time equivalent)
$38,651Total assets
$2,647Cash and due from depository institutions
$0Interest-bearing balances
$10,091Securities
$3,594Federal funds sold & reverse repurchase agreements
$20,758Net loans & leases
$379Loan loss allowance
$0Trading account assets
$1,084Bank premises and fixed assets
$42Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$435All other assets
$38,651Total liabilities and capital
$35,538Total liabilities
$34,635Total deposits
$25,344Interest-bearing deposits
$34,635Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$469Other borrowed funds
$0Subordinated debt
$434All other liabilities
$3,113Total equity capital
$3,113Total bank equity capital
$3,113Perpetual preferred stock
$0Common stock
$440Surplus
$570Undivided profits
Memoranda
$2,103Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$18Earning assets
$0Long-term assets (5+ years)
$123Average Assets, year-to-date
$34,443Average Assets, quarterly
$9,673Volatile liabilities
$37,197Insider loans
$38,575FHLB advances
$4,555Loans and leases held for sale
$216Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,021Total risk weighted assets
$2,472Total unused commitments
$0Restructured Loans and leases
$22,419Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$2,805Total interest income
$1,189Total interest expense
$1,616Net interest income
$51Provision for loan and lease losses
$751Total noninterest income
$0Fiduciary activities
$198Service charges on deposit accounts
$0Trading account gains & fees
$553Additional noninterest income
$1,495Total noninterest expense
$921Salaries and employee benefits
$221Premises and equipment expense
$353Additional noninterest expense
$821Pre-tax net operating income
$0Securities gains (losses)
$276Applicable income taxes
$545Income before extraordinary items
$0Extraordinary gains - net
$545Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$46Sale, conversion, retirement of capital stock, net
$55Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.48%Yield on earning assets
3.59%Cost of funding earning assets
4.88%Net interest margin
2.27%Noninterest income to earning assets
4.52%Noninterest expense to earning assets
1.47%Net operating income to assets
1.47%Return on assets (ROA)
2.21%Pretax return on assets
19.15%Return on equity (ROE)
17.22%Retained earnings to average equity (YTD only)
0.22%Net charge-offs to loans
110.87%Credit loss provision to net charge-offs
18.96%Efficiency ratio
63,160Assets per employee
1.61%Cash dividends to net income (YTD only)
Condition Ratios (%)
10.09%Loss allowance to loans
1.79%Loss allowance to noncurrent loans
2105.56%Noncurrent assets plus other real estate owned to assets
0.16%Noncurrent loans to loans
0.09%Net loans and leases to deposits
59.93%Net loans and leases to core deposits
67.95%Equity capital to assets
8.05%Core capital (leverage) ratio
8.17%Tier 1 risk-based capital ratio
13.77%Total risk-based capital ratio
Memoranda
$15Average assets
$37,197Average earning assets
$2,846Average equity
$33,097Average loans
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