The First National Bank of Manchester in Manchester, Tennessee (TN)
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| The First National Bank of Manchester | |
|---|---|
| General | FDIC Certificate #: 4951 Status: Active Federal Reserve ID: 290230 Bank Holding Company (Regulatory Top Holder): Fcb Corporation (RSSDID: 1085488, Location: Manchester, TN) Date Established: January 01, 1900 WWW: http://www.fnbmanchester.com Trust Powers Granted: No Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 4 (Domestic: 4, Interstate: No) OTS Docket #: 9274 FDIC's unique #: 3294 Numeric code: 3 Regulator: OCC 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: No Subchapter S Corporations: No Asset Concentration Hierarchy: All Other Specialization < 1 Billion Date of Deposit Insurance: January 01, 1934 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: 100 West High Street, Manchester, TN 37355 County: Coffee Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Nashville Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Core Based Statistical Area (CBSA): Tullahoma, TN (#46100) CBSA Micro Statistical Area: Yes |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $218.3 mil Equity capital: $25.9 mil Deposits held in domestic offices: $186.1 mil Return on assets (ROA): 1.02% ($2.2 mil) Quarterly return on assets: 1.19% ($2.6 mil) Return on Equity (ROE): 8.53% ($2.2 mil) Quarterly return on equity: 9.92% ($2.6 mil) Net income: $2.1 mil Quarterly Net income: $0.6 mil Pretax return on assets: 1.56% ($3,404.9 mil) Quarterly Pretax return on assets: 2.00% ($4,365.3 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 59 |
| Total assets | $218,265 |
| Cash and due from depository institutions | $24,933 |
| Interest-bearing balances | $14,625 |
| Securities | $65,854 |
| Federal funds sold & reverse repurchase agreements | $1,440 |
| Net loans & leases | $112,203 |
| Loan loss allowance | $1,789 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $3,179 |
| Other real estate owned | $803 |
| Goodwill and other intangibles | $0 |
| All other assets | $9,853 |
| Life insurance assets | $218,265 |
| Total liabilities and capital | $192,413 |
| Total liabilities | $186,107 |
| Total deposits | $151,388 |
| Interest-bearing deposits | $186,107 |
| Deposits held in domestic offices | $90 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $3,384 |
| Other borrowed funds | $0 |
| Subordinated debt | $2,922 |
| All other liabilities | $25,852 |
| Total equity capital | $25,852 |
| Total bank equity capital | $25,852 |
| Perpetual preferred stock | $0 |
| Common stock | $250 |
| Surplus | $4,250 |
| Undivided profits | $21,352 |
| 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 | $3,467 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $965 |
| Average Assets, year-to-date | $194,122 |
| Average Assets, quarterly | $18,975 |
| Volatile liabilities | $209,454 |
| Insider loans | $214,445 |
| FHLB advances | $125,807 |
| Loans and leases held for sale | $214,801 |
| Unused loan commitments | $3,998 |
| Tier 1 (core) risk-based capital | $3,998 |
| Tier 2 risk-based capital | $25,487 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $11,610 |
| Derivatives | $55 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $8,565 |
| Total interest expense | $1,743 |
| Net interest income | $6,822 |
| Provision for loan and lease losses | $308 |
| Total noninterest income | $1,525 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $738 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $787 |
| Total noninterest expense | $4,815 |
| Salaries and employee benefits | $2,735 |
| Premises and equipment expense | $860 |
| Additional noninterest expense | $1,220 |
| Pre-tax net operating income | $3,224 |
| Securities gains (losses) | $46 |
| Applicable income taxes | $1,135 |
| Income before extraordinary items | $2,135 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $2,135 |
| Net charge-offs | $0 |
| Cash dividends | $2,135 |
| Sale, conversion, retirement of capital stock, net | $250 |
| Net operating income | $728 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.62% |
| Cost of funding earning assets | 0.94% |
| Net interest margin | 3.68% |
| Noninterest income to earning assets | 0.82% |
| Noninterest expense to earning assets | 2.60% |
| Net operating income to assets | 1.01% |
| Return on assets (ROA) | 1.02% |
| Pretax return on assets | 1.56% |
| Return on equity (ROE) | 8.53% |
| Retained earnings to average equity (YTD only) | 5.62% |
| Net charge-offs to loans | 0.22% |
| Credit loss provision to net charge-offs | 123.20% |
| Efficiency ratio | 14.13% |
| Assets per employee | $57,685 |
| Cash dividends to net income (YTD only) | 3.70% |
| Condition Ratios (%) | |
| Loss allowance to loans | 34.10% |
| Loss allowance to noncurrent loans | 1.57% |
| Noncurrent assets plus other real estate owned to assets | 51.60% |
| Noncurrent loans to loans | 1.96% |
| Net loans and leases to deposits | 3.04% |
| Net loans and leases to core deposits | 60.29% |
| Equity capital to assets | 66.38% |
| Core capital (leverage) ratio | 11.84% |
| Tier 1 risk-based capital ratio | 11.87% |
| Total risk-based capital ratio | 20.26% |
| Memoranda | |
| Average assets | $19 |
| Average earning assets | $209,454 |
| Average equity | $25,028 |
| Average loans | $185,353 |
| 4 Tennessee Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 3294 | The First National Bank Of Mancheste | 100 West High Street, Manchester, TN 37355 | January 01, 1900 | Full Service Brick and Mortar |  |
| 1 | 205704 | Hillsboro Road Branch | 1814 Hillsboro Blvd, Manchester, TN 37355 | December 01, 1967 | Full Service Brick and Mortar |  |
| 3 | 17954 | Woodbury Branch | 801 West Main Street, Woodbury, TN 37190 | October 07, 1903 | Full Service Brick and Mortar | |
| 4 | 492508 | Murfreesboro Branch | 2230 Mercury Blvd, Murfreesboro, TN 37130 | December 17, 2008 | Full Service Brick and Mortar | |
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