Vitals
  • Total Assets
    587.9M 7.2 %
  • Total Deposits
    447.7M 6.6 %
  • Total Net Loans
    475.7M 6.2 %
  • Net Income
    2.6M -9.5 %
  • Book Value
    70.5M 3.4 %
  • Book Value x2
    141.0M 3.4 %
  • Book Value x3
    211.5M 3.4 %
ROAA

.892

ROAE

7.367

Efficiency Ratio

76.879

Net Interest Margin

3.472

Balance Sheet Highlights
Financial Highlights Magna Bank All Insured Commercial Banks in Tennessee
Balance Sheet $(000)
Total Assets 587,884 315,249
Total Net Loans 475,667 209,454
Total Deposits 447,654 264,634
Total Equity 70,484 33,762
Profitability
Net Income 2,571 1,473
Return on Average Assets .892 .861
Return on Average Equity 7.367 8.063
Net Interest Margin 3.472 3.958
Efficiency Ratio 76.879 71.347
Noninterest Income/Revenue 38.086 17.036
Balance Sheet Ratios
Loan-to-Deposit 106.258 74.703
Securities/Assets .105 .185
Total Equity/Total Assets .12 .107
Tangible Equity/Tangible Assets .077 .104
Capital Adequacy
Tier 1 Common Capital 51,416 32,106
Tier 1 Capital 70,119 32,552
Tier 2 Capital 4,723 2,407
Total Capital 74,842 35,028
Total Risk Weighted Assets 465,489 225,106
Leverage Ratio 12.03 10.423
Common Equity Tier 1 Capital Ratio 11.05 15.275
Tier 1 Capital Ratio 15.06 15.365
Total Capital Ratio 16.08 16.465

Timeline for Magna Bank

Pinnacle Bank

Magna Bank was acquired by Pinnacle Bank 8 years

View Profile Sep 01 2015

Magna Bank

Magna Bank was established 25 years ago and is currently headquartered in Memphis, TN.

Jan 27 1999
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Pinnacle Bank Buyer 10,910,711 Acquisition Discontinued 9/1/2015
Relationships Role Relationship Start Relationship End
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