Volunteer Bank in Jackson, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 20, 1997

  • Volunteer Bank in Jackson, Tennessee (TN)
  • Show street view No street view available for this location

Volunteer Bank - Overview

  • General
  • FDIC Certificate #: 9958
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: BancorpSouth Bank (#11813)
    Federal Reserve ID: 569150
    Date Established: April 01, 1873
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 30 (Interstate: No)
    OTS Docket #: 11440
    FDIC's unique #: 6364
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: June 20, 1997
    Last Structure Change Process Date: June 30, 1997
    Last Data Update: June 30, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 301 East Main Street, Jackson, TN 38301
    County: Madison
    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): Jackson, TN (#3580)
    Combined Statistical Area (CSA): Jackson-Humboldt, TN (#297)
    Core Based Statistical Area (CBSA): Jackson, TN (#27180)
    CBSA Metro Statistical Area: Jackson, TN (#27180)
  • Financial Summary
  • Total assets: $825.8 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $396Total assets
  • $828,949Cash and due from depository institutions
  • $35,496Interest-bearing balances
  • $296Securities
  • $205,413Federal funds sold & reverse repurchase agreements
  • $43,300Net loans & leases
  • $514,120Loan loss allowance
  • $8,600Trading account assets
  • $0Bank premises and fixed assets
  • $16,094Other real estate owned
  • $426Goodwill and other intangibles
  • $12,467Life insurance assets
  • $1,633All other assets
  • $0Total liabilities and capital
  • $828,949Total liabilities
  • $757,025Total deposits
  • $720,932Interest-bearing deposits
  • $620,798Deposits held in domestic offices
  • 720932.00%% insured (estimated)
  • $86Federal funds purchased & repurchase agreements
  • $7,636Trading liabilities
  • $0Other borrowed funds
  • $19,624Subordinated debt
  • $0All other liabilities
  • $8,833Total equity capital
  • $8,833Total bank equity capital
  • $71,924Perpetual preferred stock
  • $0Common stock
  • $260Surplus
  • $25,058Undivided profits
  • Memoranda
  • $46,606Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,675Income earned, not collected on loans
  • $3,851Earning assets
  • $763,129Long-term assets (5+ years)
  • $107,982Average Assets, year-to-date
  • $799,912Average Assets, quarterly
  • $815,122Volatile liabilities
  • $93,530Insider loans
  • $10,857FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $145,829Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $70,197Total risk weighted assets
  • $544,877Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $63,694Total interest expense
  • $29,545Net interest income
  • $34,149Provision for loan and lease losses
  • $2,754Total noninterest income
  • $7,573Fiduciary activities
  • $558Service charges on deposit accounts
  • $4,129Trading account gains & fees
  • $0Additional noninterest income
  • $2,886Total noninterest expense
  • $24,597Salaries and employee benefits
  • $10,803Premises and equipment expense
  • $3,795Additional noninterest expense
  • $9,999Pre-tax net operating income
  • $14,371Securities gains (losses)
  • -$120Applicable income taxes
  • $4,952Income before extraordinary items
  • $9,299Extraordinary gains - net
  • $0Net income attributable to bank
  • $9,299Net charge-offs
  • $2,675Cash dividends
  • $12,400Sale, conversion, retirement of capital stock, net
  • $51Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.58%Cost of funding earning assets
  • 3.98%Net interest margin
  • 4.60%Noninterest income to earning assets
  • 1.02%Noninterest expense to earning assets
  • 3.31%Net operating income to assets
  • 1.17%Return on assets (ROA)
  • 1.16%Pretax return on assets
  • 1.78%Return on equity (ROE)
  • 12.22%Retained earnings to average equity (YTD only)
  • -4.08%Net charge-offs to loans
  • 0.50%Credit loss provision to net charge-offs
  • 102.95%Efficiency ratio
  • 58,612Assets per employee
  • 2.09%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 133.35%Loss allowance to loans
  • 1.65%Loss allowance to noncurrent loans
  • 234.01%Noncurrent assets plus other real estate owned to assets
  • 0.49%Noncurrent loans to loans
  • 0.70%Net loans and leases to deposits
  • 71.31%Net loans and leases to core deposits
  • 80.92%Equity capital to assets
  • 8.68%Core capital (leverage) ratio
  • 8.60%Tier 1 risk-based capital ratio
  • 12.88%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $799,912Average earning assets
  • $76,086Average equity
  • $742,093Average loans

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