The Peoples Bank in Sardis, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • The Peoples Bank in Sardis, Tennessee (TN)
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The Peoples Bank - Overview

  • General
  • FDIC Certificate #: 6110
    Status: Active
    Federal Reserve ID: 591357
    Bank Holding Company (Regulatory Top Holder): 1st Jackson Bancshares, Inc. (RSSDID: 2306993, Location: Stevenson, AL)
    Date Established: December 20, 1920
    WWW: http://www.thepeoplesbankoftn.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 4131
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: June 02, 2010
    Last Structure Change Process Date: June 02, 2010
    Last Data Update: June 02, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 34910 Hwy 104 S, Sardis, TN 38371
    County: Henderson
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Nashville
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $74.8 mil
    Equity capital: $5.8 mil
    Deposits held in domestic offices: $68.0 mil
    Return on assets (ROA): 0.39% ($0.3 mil)
    Quarterly return on assets: -0.18% (-$0.1 mil)
    Return on Equity (ROE): 5.51% ($0.3 mil)
    Quarterly return on equity: -2.35% (-$0.1 mil)
    Net income: $0.3 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: 0.39% ($291.7 mil)
    Quarterly Pretax return on assets: -0.70% (-$523.6 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
  • 22Total employees (full-time equivalent)
  • $74,798Total assets
  • $15,894Cash and due from depository institutions
  • $15,644Interest-bearing balances
  • $22,230Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $32,275Net loans & leases
  • $521Loan loss allowance
  • $0Trading account assets
  • $2,219Bank premises and fixed assets
  • $235Other real estate owned
  • $751Goodwill and other intangibles
  • $74,798Life insurance assets
  • $1,194All other assets
  • $69,048Total liabilities and capital
  • $67,971Total liabilities
  • $58,960Total deposits
  • $67,971Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,077Subordinated debt
  • $5,750All other liabilities
  • $5,750Total equity capital
  • $5,750Total bank equity capital
  • $0Perpetual preferred stock
  • $50Common stock
  • $100Surplus
  • $5,600Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $741Income earned, not collected on loans
  • $0Earning assets
  • $479Long-term assets (5+ years)
  • $70,149Average Assets, year-to-date
  • $22,369Average Assets, quarterly
  • $76,087Volatile liabilities
  • $75,060Insider loans
  • $39,159FHLB advances
  • $73,685Loans and leases held for sale
  • $240Unused loan commitments
  • $240Tier 1 (core) risk-based capital
  • $5,023Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,161Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,506Total interest income
  • $947Total interest expense
  • $2,559Net interest income
  • $240Provision for loan and lease losses
  • $261Total noninterest income
  • $0Fiduciary activities
  • $294Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$33Additional noninterest income
  • $2,458Total noninterest expense
  • $1,000Salaries and employee benefits
  • $251Premises and equipment expense
  • $1,207Additional noninterest expense
  • $122Pre-tax net operating income
  • $176Securities gains (losses)
  • $0Applicable income taxes
  • $298Income before extraordinary items
  • $0Extraordinary gains - net
  • $298Net income attributable to bank
  • $0Net charge-offs
  • $298Cash dividends
  • $62Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.24%Yield on earning assets
  • 1.42%Cost of funding earning assets
  • 3.82%Net interest margin
  • 0.39%Noninterest income to earning assets
  • 3.67%Noninterest expense to earning assets
  • 0.16%Net operating income to assets
  • 0.39%Return on assets (ROA)
  • 0.39%Pretax return on assets
  • 5.51%Return on equity (ROE)
  • 5.51%Retained earnings to average equity (YTD only)
  • 0.18%Net charge-offs to loans
  • 387.10%Credit loss provision to net charge-offs
  • 5.84%Efficiency ratio
  • 83,404Assets per employee
  • 3.40%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.59%Loss allowance to noncurrent loans
  • 70.31%Noncurrent assets plus other real estate owned to assets
  • 1.30%Noncurrent loans to loans
  • 2.26%Net loans and leases to deposits
  • 47.48%Net loans and leases to core deposits
  • 49.13%Equity capital to assets
  • 7.69%Core capital (leverage) ratio
  • 6.82%Tier 1 risk-based capital ratio
  • 12.83%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $76,087Average earning assets
  • $5,409Average equity
  • $66,923Average 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
  • $356Managed Assets
  • 1Number of Accounts
  • $356Personal trust and agency accounts
  • $356Employee 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
  • 33Number 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

  • 4 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    04131The Peoples Bank34910 Hwy 104 S, Sardis, TN 38371December 20, 1920Full Service Brick and Mortar
    1208759Reagan BranchHighway 100 And Highway 104, Reagan, TN 38368August 13, 1990Full Service Brick and Mortar
    2208743Henderson Branch573 East Main Street, Henderson, TN 38340December 24, 1999Full Service Brick and Mortar
    3463353Maury City Branch6306 Highway 88, Maury City, TN 38050May 01, 2007Full Service Brick and Mortar

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