The Peoples Bank of Elk Valley in Fayetteville, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 26, 1995

The Peoples Bank of Elk Valley in Fayetteville, Tennessee (TN)
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The Peoples Bank of Elk Valley - Overview

General
FDIC Certificate #: 6089
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First National Bank of Shelbyville (#4961)
Federal Reserve ID: 414634
Date Established: July 01, 1911
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
OTS Docket #: 11889
FDIC's unique #: 4112
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: January 26, 1995
Last Structure Change Process Date: Febuary 22, 1995
Last Data Update: Febuary 22, 1995
Data Source Date: April 05, 2012
Location
Address: 201 West College Street, Fayetteville, TN 37334
County: Lincoln
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
Financial Summary
Total assets: $25.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$13Total assets
$25,702Cash and due from depository institutions
$1,413Interest-bearing balances
$0Securities
$4,996Federal funds sold & reverse repurchase agreements
$1,379Net loans & leases
$16,652Loan loss allowance
$308Trading account assets
$0Bank premises and fixed assets
$592Other real estate owned
$0Goodwill and other intangibles
$486Life insurance assets
$184All other assets
$0Total liabilities and capital
$25,702Total liabilities
$23,340Total deposits
$23,169Interest-bearing deposits
$19,816Deposits held in domestic offices
23169.00%% insured (estimated)
$92Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$171Total equity capital
$171Total bank equity capital
$2,362Perpetual preferred stock
$565Common stock
$625Surplus
$1,011Undivided profits
Memoranda
$161Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$139Income earned, not collected on loans
$140Earning assets
$23,027Long-term assets (5+ years)
$3,669Average Assets, year-to-date
$26,288Average Assets, quarterly
$25,633Volatile liabilities
$1,642Insider loans
$168FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,206Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,250Total risk weighted assets
$14,980Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$1,862Total interest expense
$699Net interest income
$1,163Provision for loan and lease losses
$20Total noninterest income
$279Fiduciary activities
$0Service charges on deposit accounts
$210Trading account gains & fees
$0Additional noninterest income
$69Total noninterest expense
$1,003Salaries and employee benefits
$410Premises and equipment expense
$155Additional noninterest expense
$438Pre-tax net operating income
$419Securities gains (losses)
$0Applicable income taxes
$163Income before extraordinary items
$256Extraordinary gains - net
$0Net income attributable to bank
$256Net charge-offs
$32Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.87%Cost of funding earning assets
2.96%Net interest margin
4.92%Noninterest income to earning assets
1.18%Noninterest expense to earning assets
4.24%Net operating income to assets
0.97%Return on assets (ROA)
0.97%Pretax return on assets
1.59%Return on equity (ROE)
11.21%Retained earnings to average equity (YTD only)
11.21%Net charge-offs to loans
0.19%Credit loss provision to net charge-offs
62.50%Efficiency ratio
68,308Assets per employee
1.98%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.82%Loss allowance to noncurrent loans
221.58%Noncurrent assets plus other real estate owned to assets
0.54%Noncurrent loans to loans
0.82%Net loans and leases to deposits
71.87%Net loans and leases to core deposits
77.35%Equity capital to assets
9.19%Core capital (leverage) ratio
8.89%Tier 1 risk-based capital ratio
15.02%Total risk-based capital ratio
Memoranda
$16Average assets
$26,288Average earning assets
$2,285Average equity
$23,653Average loans

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