The First National Bank of McMinnville in Mcminnville, Tennessee (TN)

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The First National Bank of McMinnville routing number info

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The First National Bank of McMinnville
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)92
Total assets$455,708
Cash and due from depository institutions$23,691
Interest-bearing balances$21,000
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$263,520
Loan loss allowance $4,135
Trading account assets$0
Bank premises and fixed assets$5,923
Other real estate owned$4,463
Goodwill and other intangibles$195
All other assets$10,515
Life insurance assets$455,708
Total liabilities and capital$396,268
Total liabilities$371,889
Total deposits$346,310
Interest-bearing deposits$371,889
Deposits held in domestic offices$85
% insured (estimated)22073.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $2,306
All other liabilities $59,440
Total equity capital$59,440
Total bank equity capital$59,440
Perpetual preferred stock$0
Common stock$1,512
Undivided profits $56,416
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $1,765
Income earned, not collected on loans $8,248
Earning assets $0
Long-term assets (5+ years) $1,959
Average Assets, year-to-date $431,921
Average Assets, quarterly $137,062
Volatile liabilities $432,788
Insider loans $451,725
FHLB advances $260,231
Loans and leases held for sale $450,943
Unused loan commitments $6,332
Tier 1 (core) risk-based capital $4,324
Tier 2 risk-based capital $55,964
Total risk weighted assets $0
Total unused commitments $2,008
Restructured Loans and leases $17,988
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $17,560
Total interest expense $6,247
Net interest income $11,313
Provision for loan and lease losses $1,300
Total noninterest income $1,316
Fiduciary activities $86
Service charges on deposit accounts $528
Trading account gains & fees $0
Additional noninterest income $702
Total noninterest expense $7,739
Salaries and employee benefits $4,335
Premises and equipment expense $765
Additional noninterest expense $2,639
Pre-tax net operating income $3,590
Securities gains (losses) $799
Applicable income taxes $742
Income before extraordinary items $3,647
Extraordinary gains - net $0
Net income attributable to bank $3,647
Net charge-offs $0
Cash dividends $3,647
Sale, conversion, retirement of capital stock, net $933
Net operating income $1,424
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.26%
Cost of funding earning assets 1.52%
Net interest margin 2.75%
Noninterest income to earning assets 0.32%
Noninterest expense to earning assets 1.88%
Net operating income to assets 0.69%
Return on assets (ROA) 0.84%
Pretax return on assets 1.01%
Return on equity (ROE) 6.44%
Retained earnings to average equity (YTD only) 3.92%
Net charge-offs to loans 0.35%
Credit loss provision to net charge-offs 139.34%
Efficiency ratio5.24%
Assets per employee$61,280
Cash dividends to net income (YTD only)4.95%
Condition Ratios (%)
Loss allowance to loans 39.05%
Loss allowance to noncurrent loans 1.54%
Noncurrent assets plus other real estate owned to assets 50.13%
Noncurrent loans to loans 2.79%
Net loans and leases to deposits3.08%
Net loans and leases to core deposits 70.86%
Equity capital to assets 80.76%
Core capital (leverage) ratio 13.04%
Tier 1 risk-based capital ratio 12.41%
Total risk-based capital ratio 21.51%
Average assets$23
Average earning assets$432,788
Average equity $56,658
Average loans $411,760
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$6,390
Number of Accounts1
Personal trust and agency accounts$6,390
Employee benefit-defined contribution accounts$6,390
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts139
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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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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