Traditions First Bank in Erin, Tennessee (TN)
| Traditions First Bank | |
|---|---|
| General | FDIC Certificate #: 57092 Status: Active Federal Reserve ID: 2963864 Date Established: November 30, 2000 WWW: http://www.traditionsfirst.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Domestic: 3, Interstate: No) FDIC's unique #: 357250 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: Commercial Lending Specialization Date of Deposit Insurance: November 30, 2000 Last Structure Change Effective Date: September 06, 2007 Last Structure Change Process Date: September 06, 2007 Last Data Update: September 06, 2007 Data Source Date: April 05, 2012 |
| Location | Address: 5745 East Main Street, Erin, TN 37061 County: Houston 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: $109.8 mil Equity capital: $10.5 mil Deposits held in domestic offices: $93.9 mil Return on assets (ROA): 0.90% ($1.0 mil) Quarterly return on assets: 0.90% ($1.0 mil) Return on Equity (ROE): 9.49% ($1.0 mil) Quarterly return on equity: 9.40% ($1.0 mil) Net income: $0.9 mil Quarterly Net income: $0.2 mil Pretax return on assets: 1.30% ($1,427.1 mil) Quarterly Pretax return on assets: 1.25% ($1,372.2 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 27 |
| Total assets | $109,775 |
| Cash and due from depository institutions | $2,028 |
| Interest-bearing balances | $1,715 |
| Securities | $21,795 |
| Federal funds sold & reverse repurchase agreements | $8,956 |
| Net loans & leases | $70,910 |
| Loan loss allowance | $924 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $3,817 |
| Other real estate owned | $188 |
| Goodwill and other intangibles | $0 |
| All other assets | $2,081 |
| Life insurance assets | $109,774 |
| Total liabilities and capital | $99,243 |
| Total liabilities | $93,946 |
| Total deposits | $85,425 |
| Interest-bearing deposits | $93,946 |
| Deposits held in domestic offices | $87 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $4,471 |
| Other borrowed funds | $0 |
| Subordinated debt | $826 |
| All other liabilities | $10,531 |
| Total equity capital | $10,531 |
| Total bank equity capital | $10,531 |
| Perpetual preferred stock | $0 |
| Common stock | $768 |
| Surplus | $5,922 |
| Undivided profits | $3,841 |
| 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 | $314 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $517 |
| Average Assets, year-to-date | $103,376 |
| Average Assets, quarterly | $10,684 |
| Volatile liabilities | $104,720 |
| Insider loans | $108,927 |
| FHLB advances | $78,720 |
| Loans and leases held for sale | $109,339 |
| Unused loan commitments | $456 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $10,047 |
| Total risk weighted assets | $456 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $8,580 |
| Derivatives | $679 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $5,120 |
| Total interest expense | $1,304 |
| Net interest income | $3,816 |
| Provision for loan and lease losses | $115 |
| Total noninterest income | $462 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $334 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $128 |
| Total noninterest expense | $2,842 |
| Salaries and employee benefits | $1,357 |
| Premises and equipment expense | $353 |
| Additional noninterest expense | $1,132 |
| Pre-tax net operating income | $1,321 |
| Securities gains (losses) | $39 |
| Applicable income taxes | $413 |
| Income before extraordinary items | $947 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $947 |
| Net charge-offs | $0 |
| Cash dividends | $947 |
| Sale, conversion, retirement of capital stock, net | $67 |
| Net operating income | $421 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.24% |
| Cost of funding earning assets | 1.33% |
| Net interest margin | 3.90% |
| Noninterest income to earning assets | 0.47% |
| Noninterest expense to earning assets | 2.91% |
| Net operating income to assets | 0.88% |
| Return on assets (ROA) | 0.90% |
| Pretax return on assets | 1.30% |
| Return on equity (ROE) | 9.49% |
| Retained earnings to average equity (YTD only) | 5.27% |
| Net charge-offs to loans | 0.09% |
| Credit loss provision to net charge-offs | 171.64% |
| Efficiency ratio | 21.43% |
| Assets per employee | $66,433 |
| Cash dividends to net income (YTD only) | 4.07% |
| Condition Ratios (%) | |
| Loss allowance to loans | 44.46% |
| Loss allowance to noncurrent loans | 1.29% |
| Noncurrent assets plus other real estate owned to assets | 294.27% |
| Noncurrent loans to loans | 0.46% |
| Net loans and leases to deposits | 0.44% |
| Net loans and leases to core deposits | 75.48% |
| Equity capital to assets | 82.26% |
| Core capital (leverage) ratio | 9.59% |
| Tier 1 risk-based capital ratio | 9.19% |
| Total risk-based capital ratio | 12.76% |
| Memoranda | |
| Average assets | $14 |
| Average earning assets | $104,720 |
| Average equity | $9,977 |
| Average loans | $97,747 |
| 3 Tennessee Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 357250 | Traditions First Bank | 5745 East Main Street, Erin, TN 37061 | November 30, 2000 | Full Service Brick and Mortar |  |
| 1 | 462628 | Traditions First Bank | 404 East College Street, Suite K, Dickson, TN 37055 | March 15, 2007 | Limited Service Loan Production |  |
| 2 | 463530 | Dickson Branch | 500 Henslee Drive, Dickson, TN 37055 | June 04, 2007 | Full Service Brick and Mortar | |
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