The Somerville Bank & Trust Company in Somerville, Tennessee (TN)



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The Somerville Bank & Trust Company routing number info

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The Somerville Bank & Trust Company
GeneralFDIC Certificate #: 9174
Status: Active
Federal Reserve ID: 437053
Bank Holding Company (Regulatory Top Holder): Trustmark Corporation (RSSDID: 1079562, Location: Jackson, MS)
Date Established: January 01, 1910
WWW: http://www.somervillebank.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Domestic: 5, Interstate: No)
FDIC's unique #: 5872
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: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 16790 Hwy 64, Somerville, TN 38068
County: Fayette
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 ChangesChange in Location
Merge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $197.9 mil
Equity capital: $21.7 mil
Deposits held in domestic offices: $174.9 mil
Return on assets (ROA): 0.55% ($1.1 mil)
Quarterly return on assets: 0.67% ($1.3 mil)
Return on Equity (ROE): 4.94% ($1.1 mil)
Quarterly return on equity: 6.03% ($1.3 mil)
Net income: $1.1 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 0.86% ($1,701.7 mil)
Quarterly Pretax return on assets: 1.16% ($2,295.4 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)46
Total assets$197,876
Cash and due from depository institutions$1,736
Interest-bearing balances$0
Securities$0
Federal funds sold & reverse repurchase agreements$92,850
Net loans & leases$93,003
Loan loss allowance $1,378
Trading account assets$0
Bank premises and fixed assets$2,393
Other real estate owned$2,154
Goodwill and other intangibles$4,351
All other assets$1,389
Life insurance assets$197,876
Total liabilities and capital$176,161
Total liabilities$174,888
Total deposits$149,791
Interest-bearing deposits$174,888
Deposits held in domestic offices$90
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$802
Other borrowed funds $0
Subordinated debt $471
All other liabilities $21,715
Total equity capital$21,715
Total bank equity capital$21,715
Perpetual preferred stock$0
Common stock$520
Surplus$14,085
Undivided profits $7,110
Memoranda
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 $1,573
Earning assets $0
Long-term assets (5+ years) $702
Average Assets, year-to-date $185,853
Average Assets, quarterly $13,453
Volatile liabilities $192,252
Insider loans $193,011
FHLB advances $84,732
Loans and leases held for sale $189,540
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $17,364
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $3,643
Derivatives$1,354
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $6,693
Total interest expense $1,432
Net interest income $5,261
Provision for loan and lease losses $111
Total noninterest income $415
Fiduciary activities $0
Service charges on deposit accounts $383
Trading account gains & fees $0
Additional noninterest income $32
Total noninterest expense $3,909
Salaries and employee benefits $2,066
Premises and equipment expense $426
Additional noninterest expense $1,417
Pre-tax net operating income $1,656
Securities gains (losses) $0
Applicable income taxes $604
Income before extraordinary items $1,052
Extraordinary gains - net $0
Net income attributable to bank $1,052
Net charge-offs $0
Cash dividends $1,052
Sale, conversion, retirement of capital stock, net $91
Net operating income $375
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets3.78%
Cost of funding earning assets 0.81%
Net interest margin 2.97%
Noninterest income to earning assets 0.23%
Noninterest expense to earning assets 2.21%
Net operating income to assets 0.55%
Return on assets (ROA) 0.55%
Pretax return on assets 0.86%
Return on equity (ROE) 4.94%
Retained earnings to average equity (YTD only) 3.18%
Net charge-offs to loans 0.10%
Credit loss provision to net charge-offs 121.98%
Efficiency ratio19.42%
Assets per employee$68,693
Cash dividends to net income (YTD only)4.30%
Condition Ratios (%)
Loss allowance to loans 35.65%
Loss allowance to noncurrent loans 1.46%
Noncurrent assets plus other real estate owned to assets 87.60%
Noncurrent loans to loans 1.88%
Net loans and leases to deposits1.67%
Net loans and leases to core deposits 53.18%
Equity capital to assets 54.38%
Core capital (leverage) ratio 10.97%
Tier 1 risk-based capital ratio 9.16%
Total risk-based capital ratio 20.49%
Memoranda
Average assets$22
Average earning assets$192,252
Average equity $21,291
Average loans $176,908
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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$94
Number of Accounts1
Personal trust and agency accounts$94
Employee benefit-defined contribution accounts$94
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 Accounts1
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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5 Tennessee Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
05872The Somerville Bank & Trust Company16790 Hwy 64, Somerville, TN 38068January 01, 1910Full Service Brick and Mortar
1219606Rossville Branch70 Front Street, Rossville, TN 38066October 01, 1960Full Service Brick and Mortar
2219607Somerville BranchHighway 64 West, Somerville, TN 38068October 21, 1984Limited Service Facility
3219608Hickory Withe Branch3335 Hwy 64, Eads, TN 38028October 07, 1993Full Service Brick and Mortar
4219609Rossville Drive-Thru Branch5725 Highway 57, Rossville, TN 38066September 21, 1995Limited Service Facility
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