Wayne County Bank in Waynesboro, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Wayne County Bank - Overview

  • General
  • FDIC Certificate #: 9168
    Status: Active
    Federal Reserve ID: 511832
    Bank Holding Company (Regulatory Top Holder): Wayne County Bancshares, Inc. (RSSDID: 1084829, Location: Waynesboro, TN)
    Date Established: Febuary 14, 1914
    WWW: http://www.waynecountybank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 12435
    FDIC's unique #: 5867
    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: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 216 South High Street, Hwy 64 W, Waynesboro, TN 38485
    County: Wayne
    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
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $278.1 mil
    Equity capital: $31.6 mil
    Deposits held in domestic offices: $231.2 mil
    Return on assets (ROA): 0.86% ($2.4 mil)
    Quarterly return on assets: 1.21% ($3.4 mil)
    Return on Equity (ROE): 7.72% ($2.5 mil)
    Quarterly return on equity: 10.63% ($3.4 mil)
    Net income: $2.3 mil
    Quarterly Net income: $0.8 mil
    Pretax return on assets: 1.29% ($3,587.0 mil)
    Quarterly Pretax return on assets: 1.81% ($5,032.9 mil)

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

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 72Total employees (full-time equivalent)
  • $278,062Total assets
  • $12,235Cash and due from depository institutions
  • $785Interest-bearing balances
  • $12,042Securities
  • $10,675Federal funds sold & reverse repurchase agreements
  • $216,490Net loans & leases
  • $5,370Loan loss allowance
  • $0Trading account assets
  • $7,725Bank premises and fixed assets
  • $3,708Other real estate owned
  • $0Goodwill and other intangibles
  • $278,062Life insurance assets
  • $15,187All other assets
  • $246,449Total liabilities and capital
  • $231,158Total liabilities
  • $209,664Total deposits
  • $231,158Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $13,432Trading liabilities
  • $0Other borrowed funds
  • $1,859Subordinated debt
  • $31,613All other liabilities
  • $31,613Total equity capital
  • $31,613Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $400Surplus
  • $31,013Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,876Income earned, not collected on loans
  • $0Earning assets
  • $3,105Long-term assets (5+ years)
  • $239,992Average Assets, year-to-date
  • $28,100Average Assets, quarterly
  • $271,435Volatile liabilities
  • $274,939Insider loans
  • $227,462FHLB advances
  • $275,248Loans and leases held for sale
  • $7,562Unused loan commitments
  • $3,130Tier 1 (core) risk-based capital
  • $31,383Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $4,432Total unused commitments
  • $7,696Restructured Loans and leases
  • $663Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $15,018Total interest income
  • $3,473Total interest expense
  • $11,545Net interest income
  • $2,765Provision for loan and lease losses
  • $1,842Total noninterest income
  • $0Fiduciary activities
  • $1,147Service charges on deposit accounts
  • $0Trading account gains & fees
  • $695Additional noninterest income
  • $7,110Total noninterest expense
  • $3,545Salaries and employee benefits
  • $920Premises and equipment expense
  • $2,645Additional noninterest expense
  • $3,512Pre-tax net operating income
  • $3Securities gains (losses)
  • $1,175Applicable income taxes
  • $2,340Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,340Net income attributable to bank
  • $0Net charge-offs
  • $2,340Cash dividends
  • $2,440Sale, conversion, retirement of capital stock, net
  • $200Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.47%Yield on earning assets
  • 1.50%Cost of funding earning assets
  • 4.97%Net interest margin
  • 0.79%Noninterest income to earning assets
  • 3.06%Noninterest expense to earning assets
  • 0.86%Net operating income to assets
  • 0.86%Return on assets (ROA)
  • 1.29%Pretax return on assets
  • 7.72%Return on equity (ROE)
  • 7.06%Retained earnings to average equity (YTD only)
  • 1.12%Net charge-offs to loans
  • 113.32%Credit loss provision to net charge-offs
  • 2.57%Efficiency ratio
  • 53,111Assets per employee
  • 3.86%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 8.55%Loss allowance to loans
  • 2.42%Loss allowance to noncurrent loans
  • 78.10%Noncurrent assets plus other real estate owned to assets
  • 3.81%Noncurrent loans to loans
  • 3.10%Net loans and leases to deposits
  • 93.65%Net loans and leases to core deposits
  • 101.18%Equity capital to assets
  • 11.37%Core capital (leverage) ratio
  • 11.40%Tier 1 risk-based capital ratio
  • 13.80%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $271,435Average earning assets
  • $30,325Average equity
  • $232,097Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $507Managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 102Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $507Other retirement accounts
  • $507Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 6 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05867Wayne County Bank216 South High Street, Hwy 64 W, Waynesboro, TN 38485Febuary 14, 1914Full Service Brick and Mortar
    1219582Collinwood BranchHighway 13 South, Collinwood, TN 38450January 30, 1975Full Service Brick and Mortar
    246870Court Square BranchPublic Square, Waynesboro, TN 38485Febuary 08, 1991Full Service Brick and Mortar
    3219583Clifton Branch205 Main Street, Clifton, TN 38425October 13, 1998Full Service Brick and Mortar
    421958464 East Express Branch312 Highway 64 East, Waynesboro, TN 38485October 19, 1998Full Service Brick and Mortar
    5457256Citizens Bank Of Lewis County, A Branch Of Wayne County Bank605 East Main Street, Hohenwald, TN 38462December 13, 2006Full Service Brick and Mortar

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