The First National Bank of McMinnville in Mcminnville, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

The First National Bank of McMinnville - Overview

  • General
  • FDIC Certificate #: 4952
    Status: Active
    Federal Reserve ID: 87234
    Bank Holding Company (Regulatory Top Holder): First Mcminnville Corporation (RSSDID: 1086449, Location: Mcminnville, TN)
    Date Established: October 30, 1874
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 9343
    FDIC's unique #: 3295
    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: Commercial Lending Specialization
    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: 200 East Main Street, Mcminnville, TN 37110
    County: Warren
    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): McMinnville, TN (#32660)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $455.7 mil
    Equity capital: $59.4 mil
    Deposits held in domestic offices: $371.9 mil
    Return on assets (ROA): 0.84% ($3.8 mil)
    Quarterly return on assets: 0.90% ($4.1 mil)
    Return on Equity (ROE): 6.44% ($3.8 mil)
    Quarterly return on equity: 6.88% ($4.1 mil)
    Net income: $3.6 mil
    Quarterly Net income: $1.0 mil
    Pretax return on assets: 1.01% ($4,602.7 mil)
    Quarterly Pretax return on assets: 1.12% ($5,103.9 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
  • 92Total employees (full-time equivalent)
  • $455,708Total assets
  • $23,691Cash and due from depository institutions
  • $21,000Interest-bearing balances
  • $147,401Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $263,520Net loans & leases
  • $4,135Loan loss allowance
  • $0Trading account assets
  • $5,923Bank premises and fixed assets
  • $4,463Other real estate owned
  • $195Goodwill and other intangibles
  • $455,708Life insurance assets
  • $10,515All other assets
  • $396,268Total liabilities and capital
  • $371,889Total liabilities
  • $346,310Total deposits
  • $371,889Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 22073.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,306Subordinated debt
  • $59,440All other liabilities
  • $59,440Total equity capital
  • $59,440Total bank equity capital
  • $0Perpetual preferred stock
  • $1,512Common stock
  • $1,512Surplus
  • $56,416Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,765Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,248Income earned, not collected on loans
  • $0Earning assets
  • $1,959Long-term assets (5+ years)
  • $431,921Average Assets, year-to-date
  • $137,062Average Assets, quarterly
  • $432,788Volatile liabilities
  • $451,725Insider loans
  • $260,231FHLB advances
  • $450,943Loans and leases held for sale
  • $6,332Unused loan commitments
  • $4,324Tier 1 (core) risk-based capital
  • $55,964Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,008Total unused commitments
  • $17,988Restructured Loans and leases
  • $14,269Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $17,560Total interest income
  • $6,247Total interest expense
  • $11,313Net interest income
  • $1,300Provision for loan and lease losses
  • $1,316Total noninterest income
  • $86Fiduciary activities
  • $528Service charges on deposit accounts
  • $0Trading account gains & fees
  • $702Additional noninterest income
  • $7,739Total noninterest expense
  • $4,335Salaries and employee benefits
  • $765Premises and equipment expense
  • $2,639Additional noninterest expense
  • $3,590Pre-tax net operating income
  • $799Securities gains (losses)
  • $742Applicable income taxes
  • $3,647Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,647Net income attributable to bank
  • $0Net charge-offs
  • $3,647Cash dividends
  • $933Sale, conversion, retirement of capital stock, net
  • $1,424Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.26%Yield on earning assets
  • 1.52%Cost of funding earning assets
  • 2.75%Net interest margin
  • 0.32%Noninterest income to earning assets
  • 1.88%Noninterest expense to earning assets
  • 0.69%Net operating income to assets
  • 0.84%Return on assets (ROA)
  • 1.01%Pretax return on assets
  • 6.44%Return on equity (ROE)
  • 3.92%Retained earnings to average equity (YTD only)
  • 0.35%Net charge-offs to loans
  • 139.34%Credit loss provision to net charge-offs
  • 5.24%Efficiency ratio
  • 61,280Assets per employee
  • 4.95%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 39.05%Loss allowance to loans
  • 1.54%Loss allowance to noncurrent loans
  • 50.13%Noncurrent assets plus other real estate owned to assets
  • 2.79%Noncurrent loans to loans
  • 3.08%Net loans and leases to deposits
  • 70.86%Net loans and leases to core deposits
  • 80.76%Equity capital to assets
  • 13.04%Core capital (leverage) ratio
  • 12.41%Tier 1 risk-based capital ratio
  • 21.51%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $432,788Average earning assets
  • $56,658Average equity
  • $411,760Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $6,390Managed Assets
  • 1Number of Accounts
  • $6,390Personal trust and agency accounts
  • $6,390Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 139Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 6 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03295The First National Bank Of Mcminnvil200 East Main Street, Mcminnville, TN 37110October 30, 1874Full Service Brick and Mortar
    1205706Viola BranchMain Street, Viola, TN 37394September 02, 1966Full Service Brick and Mortar
    2205707Smithville Hwy Branch917 Smithville Highway, Mcminnville, TN 37110April 12, 1968Full Service Brick and Mortar
    3205708Morrison Road Branch9970 Manchester Highway, Morrison, TN 37357October 10, 1973Full Service Brick and Mortar
    4205709Sparta Street Branch1408 Sparta Street, Mcminnville, TN 37110April 01, 1987Full Service Brick and Mortar
    6518534Murfreesboro BranchGateway Blvd, Murfreesboro, TN 37129March 14, 2011Full Service Brick and Mortar

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