Trust Company Bank in Mason, Tennessee (TN)
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| Trust Company Bank | |
|---|---|
| General | FDIC Certificate #: 9956 Status: Active Federal Reserve ID: 450650 Bank Holding Company (Regulatory Top Holder): Heritage Bancorp, Inc. (RSSDID: 3551361, Location: Mason, TN) Date Established: January 01, 1902 WWW: http://www.trustcompanybanktn.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 #: 6363 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: January 01, 1934 Last Structure Change Effective Date: October 22, 2010 Last Structure Change Process Date: December 06, 2010 Last Data Update: December 06, 2010 Data Source Date: April 05, 2012 |
| Location | Address: 327 Highway 70 West, Mason, TN 38049 County: Tipton 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 | Name Change |
| Financial Summary | Total assets: $36.5 mil Equity capital: $4.7 mil Deposits held in domestic offices: $30.8 mil Return on assets (ROA): -1.96% (-$0.7 mil) Quarterly return on assets: 0.01% ($0.0 mil) Return on Equity (ROE): -14.03% (-$0.7 mil) Quarterly return on equity: 0.09% ($0.0 mil) Net income: -$0.7 mil Quarterly Net income: $0.0 mil Pretax return on assets: -3.24% (-$1,184.2 mil) Quarterly Pretax return on assets: -1.81% (-$661.5 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 21 |
| Total assets | $36,548 |
| Cash and due from depository institutions | $3,711 |
| Interest-bearing balances | $3,004 |
| Securities | $1,576 |
| Federal funds sold & reverse repurchase agreements | $1,550 |
| Net loans & leases | $24,910 |
| Loan loss allowance | $360 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $2,025 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $1,012 |
| All other assets | $1,764 |
| Life insurance assets | $36,548 |
| Total liabilities and capital | $31,868 |
| Total liabilities | $30,762 |
| Total deposits | $26,444 |
| Interest-bearing deposits | $30,762 |
| Deposits held in domestic offices | $78 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $1,000 |
| Other borrowed funds | $0 |
| Subordinated debt | $106 |
| All other liabilities | $4,680 |
| Total equity capital | $4,680 |
| Total bank equity capital | $4,680 |
| Perpetual preferred stock | $0 |
| Common stock | $50 |
| Surplus | $5,738 |
| Undivided profits | $-1,108 |
| 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 | $748 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $128 |
| Average Assets, year-to-date | $31,040 |
| Average Assets, quarterly | $6,456 |
| Volatile liabilities | $34,221 |
| Insider loans | $36,074 |
| FHLB advances | $27,061 |
| Loans and leases held for sale | $34,552 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $3,413 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $1,529 |
| Derivatives | $1,017 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $1,694 |
| Total interest expense | $347 |
| Net interest income | $1,347 |
| Provision for loan and lease losses | $231 |
| Total noninterest income | $380 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $130 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $250 |
| Total noninterest expense | $2,605 |
| Salaries and employee benefits | $1,170 |
| Premises and equipment expense | $242 |
| Additional noninterest expense | $1,193 |
| Pre-tax net operating income | -$1,109 |
| Securities gains (losses) | $0 |
| Applicable income taxes | -$439 |
| Income before extraordinary items | -$670 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$670 |
| Net charge-offs | $0 |
| Cash dividends | -$670 |
| Sale, conversion, retirement of capital stock, net | $64 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.79% |
| Cost of funding earning assets | 1.19% |
| Net interest margin | 4.60% |
| Noninterest income to earning assets | 1.30% |
| Noninterest expense to earning assets | 8.91% |
| Net operating income to assets | -1.96% |
| Return on assets (ROA) | -1.96% |
| Pretax return on assets | -3.24% |
| Return on equity (ROE) | -14.03% |
| Retained earnings to average equity (YTD only) | -14.03% |
| Net charge-offs to loans | 0.28% |
| Credit loss provision to net charge-offs | 360.94% |
| Efficiency ratio | -13.72% |
| Assets per employee | $149,334 |
| Cash dividends to net income (YTD only) | 1.74% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 1.42% |
| Noncurrent assets plus other real estate owned to assets | 48.13% |
| Noncurrent loans to loans | 2.05% |
| Net loans and leases to deposits | 2.96% |
| Net loans and leases to core deposits | 80.98% |
| Equity capital to assets | 89.01% |
| Core capital (leverage) ratio | 12.81% |
| Tier 1 risk-based capital ratio | 9.88% |
| Total risk-based capital ratio | 12.61% |
| Memoranda | |
| Average assets | $14 |
| Average earning assets | $34,221 |
| Average equity | $4,774 |
| Average loans | $29,252 |
| 3 Tennessee Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 6363 | Trust Company Bank | 327 Highway 70 West, Mason, TN 38049 | January 01, 1902 | Full Service Brick and Mortar |  |
| 1 | 489380 | Old Highway 51 South Branch | 1270 Old Highway 51 South, Brighton, TN 38011 | March 09, 2009 | Full Service Brick and Mortar |  |
| 2 | 494992 | North Parkway Branch | 385 North Parkway, Jackson, TN 38305 | September 28, 2009 | Full Service Brick and Mortar | |
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BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.