The Munford Union Bank in Memphis, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 13, 2003

  • The Munford Union Bank in Memphis, Tennessee (TN)
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The Munford Union Bank - Overview

  • General
  • FDIC Certificate #: 9495
    Status: Inactive
    Closing history: Change in Location
    Acquiring institution: Pulaski Bank and Trust Company (#17562)
    Federal Reserve ID: 558453
    Date Established: Febuary 14, 1925
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Interstate: No)
    OTS Docket #: 9857
    FDIC's unique #: 6100
    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: June 13, 2003
    Last Structure Change Process Date: July 14, 2003
    Last Data Update: July 14, 2003
    Data Source Date: April 05, 2012
  • Location
  • Address: 6000 Poplar Avenue, Suite 200, Memphis, TN 38119
    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)
  • History of Changes
  • Merger - Without Assistance
    Office Sold
    Change in Location
  • Financial Summary
  • Total assets: $153.1 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, 2002)

  • Dollar figures in thousands
  • 43Total employees (full-time equivalent)
  • $148,449Total assets
  • $4,696Cash and due from depository institutions
  • $1,485Interest-bearing balances
  • $38,930Securities
  • $12,495Federal funds sold & reverse repurchase agreements
  • $77,653Net loans & leases
  • $1,050Loan loss allowance
  • $0Trading account assets
  • $3,154Bank premises and fixed assets
  • $643Other real estate owned
  • $9,628Goodwill and other intangibles
  • $0Life insurance assets
  • $1,250All other assets
  • $148,449Total liabilities and capital
  • $127,931Total liabilities
  • $117,293Total deposits
  • $104,405Interest-bearing deposits
  • $117,293Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $9,417Other borrowed funds
  • $0Subordinated debt
  • $1,221All other liabilities
  • $20,518Total equity capital
  • $20,518Total bank equity capital
  • $20,518Perpetual preferred stock
  • $0Common stock
  • $90Surplus
  • $19,180Undivided profits
  • Memoranda
  • $1,248Noncurrent loans and leases
  • $11,143Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $596Earning assets
  • $0Long-term assets (5+ years)
  • $562Average Assets, year-to-date
  • $130,563Average Assets, quarterly
  • $33,298Volatile liabilities
  • $129,743Insider loans
  • $145,580FHLB advances
  • $32,384Loans and leases held for sale
  • $1,988Unused loan commitments
  • $9,417Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $11,143Total unused commitments
  • $0Restructured Loans and leases
  • $1,050Derivatives

Income and Expense (December 31, 2002)

  • Dollar figures in thousands
  • $4,380Total interest income
  • $1,705Total interest expense
  • $2,675Net interest income
  • $87Provision for loan and lease losses
  • $581Total noninterest income
  • $0Fiduciary activities
  • $377Service charges on deposit accounts
  • $0Trading account gains & fees
  • $204Additional noninterest income
  • $1,817Total noninterest expense
  • $981Salaries and employee benefits
  • $306Premises and equipment expense
  • $530Additional noninterest expense
  • $1,352Pre-tax net operating income
  • $27Securities gains (losses)
  • $397Applicable income taxes
  • $982Income before extraordinary items
  • $0Extraordinary gains - net
  • $982Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $5Sale, conversion, retirement of capital stock, net
  • $466Net operating income

Performance and Condition Ratios (December 31, 2002)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.83%Yield on earning assets
  • 1.49%Cost of funding earning assets
  • 2.34%Net interest margin
  • 0.51%Noninterest income to earning assets
  • 1.59%Noninterest expense to earning assets
  • 0.74%Net operating income to assets
  • 0.76%Return on assets (ROA)
  • 1.06%Pretax return on assets
  • 6.07%Return on equity (ROE)
  • 3.19%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 1740.00%Credit loss provision to net charge-offs
  • 287.80%Efficiency ratio
  • 54,300Assets per employee
  • 3.45%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 47.45%Loss allowance to loans
  • 1.33%Loss allowance to noncurrent loans
  • 176.17%Noncurrent assets plus other real estate owned to assets
  • 0.83%Noncurrent loans to loans
  • 0.76%Net loans and leases to deposits
  • 66.20%Net loans and leases to core deposits
  • 91.37%Equity capital to assets
  • 13.82%Core capital (leverage) ratio
  • 7.47%Tier 1 risk-based capital ratio
  • 11.66%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $129,743Average earning assets
  • $16,180Average equity
  • $114,270Average loans

Total Fiduciary and Related Assets (December 31, 2002)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $148Managed Assets
  • 1Number of Accounts
  • $148Personal trust and agency accounts
  • $148Employee 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
  • 1Number 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

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