First Bank and Trust
Tracy City, TN · Owner: Mountain Bancshares Inc
$21.1M
total assets, March 31, 1985
$21.1M
total assets, March 31, 1985
First Bank and Trust was a state nonmember bank in Tracy City, TN, owned by Mountain Bancshares Inc. It failed on Jun 28, 1985, and First NB Of Shelbyville took over its deposits. At its last report it held $21.1 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1985
This bank failed
- Failed on
- Jun 28, 1985
- Assets
- $21.1M
- Deposits
- $19.7M
- Estimated cost
- $2.9M
- Deposits went to
- First NB Of Shelbyville, Shelbyville, TN
Total assets
$21.1M
+13.5% in a year · -1.1% in a quarter
Deposits
$19.7M
+15.1% in a year · -0.6% in a quarter
Loans
$16.1M
+8.5% in a year · -4.1% in a quarter
Profit so far
-$151K
Jan 1 to Mar 31, 1985 · -304.1% in a year
Capital ratio
5.40%
-1.87 pts in a year
Return on assets
-2.84%
-4.46 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- Main Street, Tracy City, TN, 37387
- County
- Grundy
- Holding company
- Mountain Bancshares Inc
- Established
- Jul 18, 1904
- Failed
- Jun 28, 1985
- Employees
- 21
- Id
- b4968
Quarter by quarter
March 31, 1984 to March 31, 1985
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 5
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is First Bank and Trust?
$21.1 million in total assets and $19.7 million in deposits as of March 31, 1985, with assets up 13.5% from a year before. Its loans were $16.1 million.
Is First Bank and Trust profitable?
No: it lost $151,000 from January 1 to March 31, 1985. Its return on assets was -2.84% a year; about 1% is typical.
Who owns First Bank and Trust?
First Bank and Trust is owned by Mountain Bancshares Inc, its holding company.
When did First Bank and Trust fail?
Jun 28, 1985. First NB Of Shelbyville of Shelbyville, TN took over its deposits. The estimated cost of the failure was $2.91 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.