The Peoples Bank in Sardis, Tennessee (TN)

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The Peoples Bank
GeneralFDIC 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
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
LocationAddress: 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 ChangesChange in Location
Financial SummaryTotal 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)
Total employees (full-time equivalent)22
Total assets$74,798
Cash and due from depository institutions$15,894
Interest-bearing balances$15,644
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$32,275
Loan loss allowance $521
Trading account assets$0
Bank premises and fixed assets$2,219
Other real estate owned$235
Goodwill and other intangibles$751
All other assets$1,194
Life insurance assets$74,798
Total liabilities and capital$69,048
Total liabilities$67,971
Total deposits$58,960
Interest-bearing deposits$67,971
Deposits held in domestic offices$98
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $1,077
All other liabilities $5,750
Total equity capital$5,750
Total bank equity capital$5,750
Perpetual preferred stock$0
Common stock$50
Undivided profits $5,600
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 $741
Earning assets $0
Long-term assets (5+ years) $479
Average Assets, year-to-date $70,149
Average Assets, quarterly $22,369
Volatile liabilities $76,087
Insider loans $75,060
FHLB advances $39,159
Loans and leases held for sale $73,685
Unused loan commitments $240
Tier 1 (core) risk-based capital $240
Tier 2 risk-based capital $5,023
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $3,161
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $3,506
Total interest expense $947
Net interest income $2,559
Provision for loan and lease losses $240
Total noninterest income $261
Fiduciary activities $0
Service charges on deposit accounts $294
Trading account gains & fees $0
Additional noninterest income -$33
Total noninterest expense $2,458
Salaries and employee benefits $1,000
Premises and equipment expense $251
Additional noninterest expense $1,207
Pre-tax net operating income $122
Securities gains (losses) $176
Applicable income taxes $0
Income before extraordinary items $298
Extraordinary gains - net $0
Net income attributable to bank $298
Net charge-offs $0
Cash dividends $298
Sale, conversion, retirement of capital stock, net $62
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.24%
Cost of funding earning assets 1.42%
Net interest margin 3.82%
Noninterest income to earning assets 0.39%
Noninterest expense to earning assets 3.67%
Net operating income to assets 0.16%
Return on assets (ROA) 0.39%
Pretax return on assets 0.39%
Return on equity (ROE) 5.51%
Retained earnings to average equity (YTD only) 5.51%
Net charge-offs to loans 0.18%
Credit loss provision to net charge-offs 387.10%
Efficiency ratio5.84%
Assets per employee$83,404
Cash dividends to net income (YTD only)3.40%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.59%
Noncurrent assets plus other real estate owned to assets 70.31%
Noncurrent loans to loans 1.30%
Net loans and leases to deposits2.26%
Net loans and leases to core deposits 47.48%
Equity capital to assets 49.13%
Core capital (leverage) ratio 7.69%
Tier 1 risk-based capital ratio 6.82%
Total risk-based capital ratio 12.83%
Average assets$14
Average earning assets$76,087
Average equity $5,409
Average loans $66,923
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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$356
Number of Accounts1
Personal trust and agency accounts$356
Employee benefit-defined contribution accounts$356
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 Accounts33
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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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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