Wayne County Bank in Waynesboro, Tennessee (TN)
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| Wayne County Bank | |
|---|---|
| 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) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 72 |
| Total assets | $278,062 |
| Cash and due from depository institutions | $12,235 |
| Interest-bearing balances | $785 |
| Securities | $12,042 |
| Federal funds sold & reverse repurchase agreements | $10,675 |
| Net loans & leases | $216,490 |
| Loan loss allowance | $5,370 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $7,725 |
| Other real estate owned | $3,708 |
| Goodwill and other intangibles | $0 |
| All other assets | $15,187 |
| Life insurance assets | $278,062 |
| Total liabilities and capital | $246,449 |
| Total liabilities | $231,158 |
| Total deposits | $209,664 |
| Interest-bearing deposits | $231,158 |
| Deposits held in domestic offices | $96 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $13,432 |
| Other borrowed funds | $0 |
| Subordinated debt | $1,859 |
| All other liabilities | $31,613 |
| Total equity capital | $31,613 |
| Total bank equity capital | $31,613 |
| Perpetual preferred stock | $0 |
| Common stock | $200 |
| Surplus | $400 |
| Undivided profits | $31,013 |
| 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 | $6,876 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $3,105 |
| Average Assets, year-to-date | $239,992 |
| Average Assets, quarterly | $28,100 |
| Volatile liabilities | $271,435 |
| Insider loans | $274,939 |
| FHLB advances | $227,462 |
| Loans and leases held for sale | $275,248 |
| Unused loan commitments | $7,562 |
| Tier 1 (core) risk-based capital | $3,130 |
| Tier 2 risk-based capital | $31,383 |
| Total risk weighted assets | $0 |
| Total unused commitments | $4,432 |
| Restructured Loans and leases | $7,696 |
| Derivatives | $663 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $15,018 |
| Total interest expense | $3,473 |
| Net interest income | $11,545 |
| Provision for loan and lease losses | $2,765 |
| Total noninterest income | $1,842 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $1,147 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $695 |
| Total noninterest expense | $7,110 |
| Salaries and employee benefits | $3,545 |
| Premises and equipment expense | $920 |
| Additional noninterest expense | $2,645 |
| Pre-tax net operating income | $3,512 |
| Securities gains (losses) | $3 |
| Applicable income taxes | $1,175 |
| Income before extraordinary items | $2,340 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $2,340 |
| Net charge-offs | $0 |
| Cash dividends | $2,340 |
| Sale, conversion, retirement of capital stock, net | $2,440 |
| Net operating income | $200 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 6.47% |
| Cost of funding earning assets | 1.50% |
| Net interest margin | 4.97% |
| Noninterest income to earning assets | 0.79% |
| Noninterest expense to earning assets | 3.06% |
| Net operating income to assets | 0.86% |
| Return on assets (ROA) | 0.86% |
| Pretax return on assets | 1.29% |
| Return on equity (ROE) | 7.72% |
| Retained earnings to average equity (YTD only) | 7.06% |
| Net charge-offs to loans | 1.12% |
| Credit loss provision to net charge-offs | 113.32% |
| Efficiency ratio | 2.57% |
| Assets per employee | $53,111 |
| Cash dividends to net income (YTD only) | 3.86% |
| Condition Ratios (%) | |
| Loss allowance to loans | 8.55% |
| Loss allowance to noncurrent loans | 2.42% |
| Noncurrent assets plus other real estate owned to assets | 78.10% |
| Noncurrent loans to loans | 3.81% |
| Net loans and leases to deposits | 3.10% |
| Net loans and leases to core deposits | 93.65% |
| Equity capital to assets | 101.18% |
| Core capital (leverage) ratio | 11.37% |
| Tier 1 risk-based capital ratio | 11.40% |
| Total risk-based capital ratio | 13.80% |
| Memoranda | |
| Average assets | $15 |
| Average earning assets | $271,435 |
| Average equity | $30,325 |
| Average loans | $232,097 |
| Total Fiduciary and Related Assets (December 31, 2011) (Dollar figures in thousands) | |
| Total fiduciary and related assets | $1 |
| Number of Fiduciary Accounts and Related Asset Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $507 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $0 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $0 |
| Corporate trust and agency accounts | $0 |
| Investment management agency accounts | $0 |
| Other fiduciary accounts | $0 |
| Fiduciary accounts held in foreign offices | $0 |
| Non-managed Assets | $0 |
| Number of Accounts | 102 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $0 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $507 |
| Corporate trust and agency accounts | $507 |
| Other fiduciary accounts | $0 |
| Fiduciary accounts held in foreign offices | $0 |
| 6 Tennessee Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 5867 | Wayne County Bank | 216 South High Street, Hwy 64 W, Waynesboro, TN 38485 | Febuary 14, 1914 | Full Service Brick and Mortar |  |
| 1 | 219582 | Collinwood Branch | Highway 13 South, Collinwood, TN 38450 | January 30, 1975 | Full Service Brick and Mortar |  |
| 2 | 46870 | Court Square Branch | Public Square, Waynesboro, TN 38485 | Febuary 08, 1991 | Full Service Brick and Mortar | |
| 3 | 219583 | Clifton Branch | 205 Main Street, Clifton, TN 38425 | October 13, 1998 | Full Service Brick and Mortar | |
| 4 | 219584 | 64 East Express Branch | 312 Highway 64 East, Waynesboro, TN 38485 | October 19, 1998 | Full Service Brick and Mortar | |
| 5 | 457256 | Citizens Bank Of Lewis County, A Branch Of Wayne County Bank | 605 East Main Street, Hohenwald, TN 38462 | December 13, 2006 | 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.