Victory Bank and Trust Company in Cordova, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 01, 1998

  • Victory Bank and Trust Company in Cordova, Tennessee (TN)
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Victory Bank and Trust Company - Overview

  • General
  • FDIC Certificate #: 27509
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First American National Bank (#4956)
    Federal Reserve ID: 1396988
    Date Established: May 19, 1989
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    OTS Docket #: 10158
    FDIC's unique #: 40242
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: May 19, 1989
    Last Structure Change Effective Date: June 01, 1998
    Last Structure Change Process Date: June 16, 1998
    Last Data Update: June 16, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 894 Germantown Parkway, Cordova, TN 38018
    County: Shelby
    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)
  • Financial Summary
  • Total assets: $132.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 57Total employees (full-time equivalent)
  • $131,588Total assets
  • $3,816Cash and due from depository institutions
  • $21Interest-bearing balances
  • $19,727Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $104,059Net loans & leases
  • $1,292Loan loss allowance
  • $0Trading account assets
  • $1,796Bank premises and fixed assets
  • $0Other real estate owned
  • $125Goodwill and other intangibles
  • $0Life insurance assets
  • $2,065All other assets
  • $131,588Total liabilities and capital
  • $124,127Total liabilities
  • $111,426Total deposits
  • $94,300Interest-bearing deposits
  • $111,426Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $2,527Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $6,823Other borrowed funds
  • $0Subordinated debt
  • $3,351All other liabilities
  • $7,461Total equity capital
  • $7,461Total bank equity capital
  • $7,461Perpetual preferred stock
  • $0Common stock
  • $230Surplus
  • $4,814Undivided profits
  • Memoranda
  • $2,417Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $582Average Assets, year-to-date
  • $123,807Average Assets, quarterly
  • $4,214Volatile liabilities
  • $117,359Insider loans
  • $124,695FHLB advances
  • $22,090Loans and leases held for sale
  • $4,885Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,944Total risk weighted assets
  • $24,579Total unused commitments
  • $0Restructured Loans and leases
  • $114,716Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $10,098Total interest income
  • $4,834Total interest expense
  • $5,264Net interest income
  • $292Provision for loan and lease losses
  • $797Total noninterest income
  • $0Fiduciary activities
  • $333Service charges on deposit accounts
  • $0Trading account gains & fees
  • $464Additional noninterest income
  • $6,127Total noninterest expense
  • $2,372Salaries and employee benefits
  • $715Premises and equipment expense
  • $3,040Additional noninterest expense
  • -$358Pre-tax net operating income
  • $3Securities gains (losses)
  • -$86Applicable income taxes
  • -$269Income before extraordinary items
  • $0Extraordinary gains - net
  • -$269Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $70Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 9.16%Yield on earning assets
  • 4.38%Cost of funding earning assets
  • 4.77%Net interest margin
  • 0.72%Noninterest income to earning assets
  • 5.56%Noninterest expense to earning assets
  • -0.23%Net operating income to assets
  • -0.23%Return on assets (ROA)
  • -0.30%Pretax return on assets
  • -3.38%Return on equity (ROE)
  • -3.38%Retained earnings to average equity (YTD only)
  • 0.08%Net charge-offs to loans
  • 417.14%Credit loss provision to net charge-offs
  • -0.94%Efficiency ratio
  • 100,792Assets per employee
  • 2.31%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.23%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 93.39%Net loans and leases to core deposits
  • 110.64%Equity capital to assets
  • 5.67%Core capital (leverage) ratio
  • 5.92%Tier 1 risk-based capital ratio
  • 6.39%Total risk-based capital ratio
  • Memoranda
  • $8Average assets
  • $117,359Average earning assets
  • $7,965Average equity
  • $110,264Average loans

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