The Somerville Bank & Trust Company in Somerville, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches


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

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 46Total employees (full-time equivalent)
  • $197,876Total assets
  • $1,736Cash and due from depository institutions
  • $0Interest-bearing balances
  • $0Securities
  • $92,850Federal funds sold & reverse repurchase agreements
  • $93,003Net loans & leases
  • $1,378Loan loss allowance
  • $0Trading account assets
  • $2,393Bank premises and fixed assets
  • $2,154Other real estate owned
  • $4,351Goodwill and other intangibles
  • $197,876Life insurance assets
  • $1,389All other assets
  • $176,161Total liabilities and capital
  • $174,888Total liabilities
  • $149,791Total deposits
  • $174,888Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $802Trading liabilities
  • $0Other borrowed funds
  • $471Subordinated debt
  • $21,715All other liabilities
  • $21,715Total equity capital
  • $21,715Total bank equity capital
  • $0Perpetual preferred stock
  • $520Common stock
  • $14,085Surplus
  • $7,110Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,573Income earned, not collected on loans
  • $0Earning assets
  • $702Long-term assets (5+ years)
  • $185,853Average Assets, year-to-date
  • $13,453Average Assets, quarterly
  • $192,252Volatile liabilities
  • $193,011Insider loans
  • $84,732FHLB advances
  • $189,540Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $17,364Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,643Restructured Loans and leases
  • $1,354Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,693Total interest income
  • $1,432Total interest expense
  • $5,261Net interest income
  • $111Provision for loan and lease losses
  • $415Total noninterest income
  • $0Fiduciary activities
  • $383Service charges on deposit accounts
  • $0Trading account gains & fees
  • $32Additional noninterest income
  • $3,909Total noninterest expense
  • $2,066Salaries and employee benefits
  • $426Premises and equipment expense
  • $1,417Additional noninterest expense
  • $1,656Pre-tax net operating income
  • $0Securities gains (losses)
  • $604Applicable income taxes
  • $1,052Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,052Net income attributable to bank
  • $0Net charge-offs
  • $1,052Cash dividends
  • $91Sale, conversion, retirement of capital stock, net
  • $375Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.78%Yield on earning assets
  • 0.81%Cost of funding earning assets
  • 2.97%Net interest margin
  • 0.23%Noninterest income to earning assets
  • 2.21%Noninterest expense to earning assets
  • 0.55%Net operating income to assets
  • 0.55%Return on assets (ROA)
  • 0.86%Pretax return on assets
  • 4.94%Return on equity (ROE)
  • 3.18%Retained earnings to average equity (YTD only)
  • 0.10%Net charge-offs to loans
  • 121.98%Credit loss provision to net charge-offs
  • 19.42%Efficiency ratio
  • 68,693Assets per employee
  • 4.30%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 35.65%Loss allowance to loans
  • 1.46%Loss allowance to noncurrent loans
  • 87.60%Noncurrent assets plus other real estate owned to assets
  • 1.88%Noncurrent loans to loans
  • 1.67%Net loans and leases to deposits
  • 53.18%Net loans and leases to core deposits
  • 54.38%Equity capital to assets
  • 10.97%Core capital (leverage) ratio
  • 9.16%Tier 1 risk-based capital ratio
  • 20.49%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $192,252Average earning assets
  • $21,291Average equity
  • $176,908Average 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
  • $94Managed Assets
  • 1Number of Accounts
  • $94Personal trust and agency accounts
  • $94Employee 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

List of branches

  • 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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