Traders National Bank in Tullahoma, Tennessee (TN)
| Traders National Bank | |
|---|---|
| General | FDIC Certificate #: 4970 Status: Active Federal Reserve ID: 490937 Bank Holding Company (Regulatory Top Holder): Tracorp, Inc. (RSSDID: 1250718, Location: Tullahoma, TN) Date Established: January 01, 1889 WWW: http://www.tradersbank.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 5 (Domestic: 5, Interstate: No) FDIC's unique #: 3312 Numeric code: 3 Regulator: OCC 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: No Subchapter S Corporations: Yes Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: January 22, 2007 Last Structure Change Process Date: July 17, 2007 Last Data Update: July 17, 2007 Data Source Date: April 05, 2012 |
| Location | Address: 120 North Jackson Street, Tullahoma, TN 37388 County: Coffee 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 Core Based Statistical Area (CBSA): Tullahoma, TN (#46100) CBSA Micro Statistical Area: Yes |
| History of Changes | Name Change |
| Financial Summary | Total assets: $156.3 mil Equity capital: $14.1 mil Deposits held in domestic offices: $141.7 mil Return on assets (ROA): 0.61% ($1.0 mil) Quarterly return on assets: 0.22% ($0.3 mil) Return on Equity (ROE): 7.22% ($1.0 mil) Quarterly return on equity: 2.42% ($0.3 mil) Net income: $0.9 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.65% ($1,016.2 mil) Quarterly Pretax return on assets: 0.29% ($453.4 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 53 |
| Total assets | $156,333 |
| Cash and due from depository institutions | $7,944 |
| Interest-bearing balances | $52 |
| Securities | $29,260 |
| Federal funds sold & reverse repurchase agreements | $7,578 |
| Net loans & leases | $103,297 |
| Loan loss allowance | $1,946 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $3,845 |
| Other real estate owned | $2,007 |
| Goodwill and other intangibles | $0 |
| All other assets | $2,402 |
| Life insurance assets | $156,333 |
| Total liabilities and capital | $142,234 |
| Total liabilities | $141,717 |
| Total deposits | $112,152 |
| Interest-bearing deposits | $141,717 |
| Deposits held in domestic offices | $91 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $517 |
| All other liabilities | $14,099 |
| Total equity capital | $14,099 |
| Total bank equity capital | $14,099 |
| Perpetual preferred stock | $0 |
| Common stock | $375 |
| Surplus | $1,500 |
| Undivided profits | $12,224 |
| 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 | $2,273 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $683 |
| Average Assets, year-to-date | $140,187 |
| Average Assets, quarterly | $34,240 |
| Volatile liabilities | $155,183 |
| Insider loans | $155,407 |
| FHLB advances | $102,392 |
| Loans and leases held for sale | $152,703 |
| Unused loan commitments | $744 |
| Tier 1 (core) risk-based capital | $744 |
| Tier 2 risk-based capital | $13,453 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $10,676 |
| Derivatives | $364 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $7,632 |
| Total interest expense | $1,350 |
| Net interest income | $6,282 |
| Provision for loan and lease losses | $958 |
| Total noninterest income | $1,336 |
| Fiduciary activities | $12 |
| Service charges on deposit accounts | $505 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $819 |
| Total noninterest expense | $5,694 |
| Salaries and employee benefits | $3,210 |
| Premises and equipment expense | $505 |
| Additional noninterest expense | $1,979 |
| Pre-tax net operating income | $966 |
| Securities gains (losses) | $36 |
| Applicable income taxes | $60 |
| Income before extraordinary items | $942 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $942 |
| Net charge-offs | $0 |
| Cash dividends | $942 |
| Sale, conversion, retirement of capital stock, net | $673 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.44% |
| Cost of funding earning assets | 0.96% |
| Net interest margin | 4.48% |
| Noninterest income to earning assets | 0.95% |
| Noninterest expense to earning assets | 4.06% |
| Net operating income to assets | 0.59% |
| Return on assets (ROA) | 0.61% |
| Pretax return on assets | 0.65% |
| Return on equity (ROE) | 7.22% |
| Retained earnings to average equity (YTD only) | 7.22% |
| Net charge-offs to loans | 0.60% |
| Credit loss provision to net charge-offs | 142.35% |
| Efficiency ratio | 2.86% |
| Assets per employee | $74,744 |
| Cash dividends to net income (YTD only) | 2.95% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 1.85% |
| Noncurrent assets plus other real estate owned to assets | 85.61% |
| Noncurrent loans to loans | 2.74% |
| Net loans and leases to deposits | 2.16% |
| Net loans and leases to core deposits | 72.89% |
| Equity capital to assets | 78.10% |
| Core capital (leverage) ratio | 9.02% |
| Tier 1 risk-based capital ratio | 8.81% |
| Total risk-based capital ratio | 13.14% |
| Memoranda | |
| Average assets | $14 |
| Average earning assets | $155,183 |
| Average equity | $13,040 |
| Average loans | $140,298 |
| 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 Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $1,700 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $1,700 |
| Employee benefit-defined contribution accounts | $1,700 |
| 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 Accounts | 18 |
| 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 |
| 5 Tennessee Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 3312 | Traders National Bank | 120 North Jackson Street, Tullahoma, TN 37388 | January 01, 1889 | Full Service Brick and Mortar |  |
| 1 | 205861 | West Lincoln Street Branch | 412 W. Lincoln St., Tullahoma, TN 37388 | January 04, 1965 | Full Service Brick and Mortar |  |
| 2 | 205862 | Merchant Center Branch | 2695 Decherd Boulevard, Winchester, TN 37398 | May 08, 1998 | Full Service Brick and Mortar | |
| 4 | 205864 | Hillsboro Boulevard Branch | 1207 Hillsboro Boulevard, Manchester, TN 37355 | December 27, 1999 | Full Service Brick and Mortar | |
| 5 | 505850 | Traders National Bank Branch | 1602 North Main Street, Shelbyville, TN 37160 | January 11, 2010 | Full Service Brick and Mortar | |
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