Primetrust Bank
Memphis, TN — Domestic Branch of a Domestic Bank
Acquired Mar 2008
Vitals
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Total Assets717.1M 36.4 %
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Total Deposits523.3M 16.0 %
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Total Net Loans498.2M 29.9 %
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Net Income798000.0000 -50.6 %
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Book Value123.8M 186.5 %
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Book Value x2247.5M 186.5 %
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Book Value x3371.3M 186.5 %
Balance Sheet Highlights
Financial Highlights | Primetrust Bank | All Insured Commercial Banks in Tennessee |
Balance Sheet $(000) | ||
Total Assets | 717,104 | 223,976 |
Total Net Loans | 498,177 | 157,498 |
Total Deposits | 523,349 | 184,525 |
Total Equity | 123,759 | 24,518 |
Profitability | ||
Net Income | 798 | 3,098 |
Return on Average Assets | 1.52 | 1.063 |
Return on Average Equity | 14.853 | 10.592 |
Net Interest Margin | 4.233 | 4.07 |
Efficiency Ratio | 50.339 | 71.353 |
Noninterest Income/Revenue | 8.032 | 11.13 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 95.19 | 82.013 |
Securities/Assets | .133 | .245 |
Total Equity/Total Assets | .173 | .109 |
Tangible Equity/Tangible Assets | .069 | -.179 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 51,536 | 22,376 |
Tier 2 Capital | 5,272 | 1,779 |
Total Capital | 56,808 | 24,184 |
Total Risk Weighted Assets | 561,827 | 169,489 |
Leverage Ratio | 8.25 | 10.618 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 9.17 | 14.605 |
Total Capital Ratio | 10.11 | 15.677 |
Timeline for Primetrust Bank
Pinnacle Financial Partners, Inc.
Pinnacle Financial Partners, Inc. became a new parent organization for Primetrust Bank.
View Profile Dec 01 2007Mid-America Bancshares, Inc.
Mid-America Bancshares, Inc. became a new parent organization for Primetrust Bank.
View Profile Sep 01 2006Westside Title, Inc.
Westside Title, Inc. became a new subsidiary organization for Primetrust Bank.
View Profile Sep 01 2006Primetrust Bank
Primetrust Bank was established 22 years ago and is currently headquartered in Memphis, TN.
Dec 17 2001Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Pinnacle Bank | Buyer | 10,910,711 | Pooling of Interests | Discontinued | 3/1/2008 |
Relationships | Role | Relationship Start | Relationship End |
Pinnacle Financial Partners, Inc. | Parent | 12/1/2007 | 2/29/2008 |
Mid-America Bancshares, Inc. | Parent | 9/1/2006 | 11/30/2007 |
Westside Title, Inc. | Subsidary | 6/30/2007 | 11/30/2007 |
Westside Title, Inc. | Subsidary | 9/1/2006 | 6/29/2007 |
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