By some measurements, Tennessee will rival Missouri as the second-largest market for Simmons Bank after its pending acquisitions of Landmark Community Bank in Collierville and Triumph Bank in Memphis.
The Pine Bluff-based lender’s deposit total in Missouri tops $3.6 billion.
The addition of deposits at Landmark and Triumph could push Simmons’ Tennessee total to more than $3.7 billion.
The two banks hold a combined $1.5 billion in deposits and operate 12 full-service offices. The inclusion of these locations would expand Simmons’ Tennessee footprint to 45 compared with 48 in Missouri.
Landmark Community Bank
Collierville, Tennessee
Total Assets: $1 billion
Net Income: $2.8 million
Dividends: $1 million
Efficiency Ratio: 57.11%
Staff: 82
Seven Full-Service Locations (all in Tennessee): Two in Germantown and one each in Brentwood, Collierville, Franklin, Memphis and Nashville
|
|
Total Assets |
Net Income |
Dividends |
Efficiency Ratio |
2020 |
$999,316 |
$10,058 |
$1,912 |
56.43% |
2019 |
$941,454 |
$9,120 |
$1,910 |
52.85% |
2018 |
$967,593 |
$9,071 |
$1,905 |
52.13% |
2017 |
$925,640 |
$6,584 |
$1,901 |
52.97% |
2016 |
$876,863 |
$7,807 |
$1,823 |
51.49% |
2015 |
$831,235 |
$6,825 |
$1,634 |
50.40% |
2014 |
$680,830 |
$6,160 |
$781 |
50.94% |
2013 |
$594,432 |
$4,014 |
$1,149 |
48.95% |
2012 |
$415,184 |
$2,450 |
$1,933 |
53.01% |
Triumph Bank
Memphis
Total Assets: $893 million
Net Income: $2 million
Dividends: 0
Efficiency Ratio: 67.50%
Staff: 152
Five Full-Service Locations (all in Tennessee): Arlington, Brentwood, Collierville, Germantown and Memphis
|
|
Total Assets |
Net Income |
Dividends |
Efficiency Ratio |
2020 |
$876,540 |
$7,689 |
$0 |
64.79% |
2019 |
$837,096 |
$6,535 |
$4,044 |
71.65% |
2018 |
$787,746 |
$6,165 |
$939 |
70.01% |
2017 |
$722,208 |
$4,778 |
$500 |
73.70% |
2016 |
$595,178 |
$5,402 |
$0 |
65.21% |
2015 |
$525,826 |
$5,104 |
$0 |
63.84% |
2014 |
$517,645 |
$3,905 |
$0 |
67.11% |
2013 |
$436,956 |
$3,434 |
$0 |
60.68% |
2012 |
$398,597 |
$2,122 |
$0 |
65.47% |
