First Bank of East Tennessee, National Association - Overview
General
FDIC Certificate #: 29054 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Union Planters Bank, National Association (#4979) Federal Reserve ID: 951773 Date Established: July 01, 1934 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 2 (Interstate: No) OTS Docket #: 2836 FDIC's unique #: 41888 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Savings Association Insurance Fund (SAIF) Insured commercial Banks: Yes FDIC Insured: Yes SAIF Insured: Yes State Chartered: No Date of Deposit Insurance: June 19, 1935 Last Structure Change Effective Date: July 09, 1999 Last Structure Change Process Date: July 20, 1999 Last Data Update: July 20, 1999 Data Source Date: April 05, 2012
Location
Address: 2421 Jacksboro Pike, La Follette, TN 37766 County: Campbell Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Knoxville Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Combined Statistical Area (CSA): Knoxville-Sevierville-La Follette, TN (#314) Core Based Statistical Area (CBSA): La Follette, TN (#29220) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $85.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
27Total employees (full-time equivalent)
$90,360Total assets
$2,507Cash and due from depository institutions
$1,118Interest-bearing balances
$11,495Securities
$3,012Federal funds sold & reverse repurchase agreements
$62,504Net loans & leases
$1,358Loan loss allowance
$0Trading account assets
$3,868Bank premises and fixed assets
$61Other real estate owned
$5,316Goodwill and other intangibles
$0Life insurance assets
$1,597All other assets
$90,360Total liabilities and capital
$76,650Total liabilities
$74,112Total deposits
$69,162Interest-bearing deposits
$74,112Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,500Other borrowed funds
$0Subordinated debt
$1,038All other liabilities
$13,710Total equity capital
$13,710Total bank equity capital
$13,710Perpetual preferred stock
$0Common stock
$322Surplus
$13,368Undivided profits
Memoranda
$20Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$515Earning assets
$0Long-term assets (5+ years)
$536Average Assets, year-to-date
$78,129Average Assets, quarterly
$10,764Volatile liabilities
$92,921Insider loans
$91,431FHLB advances
$13,272Loans and leases held for sale
$473Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$8,974Total unused commitments
$0Restructured Loans and leases
$62,033Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$7,159Total interest income
$3,617Total interest expense
$3,542Net interest income
$1,857Provision for loan and lease losses
$247Total noninterest income
$0Fiduciary activities
$153Service charges on deposit accounts
$0Trading account gains & fees
$94Additional noninterest income
$3,345Total noninterest expense
$1,025Salaries and employee benefits
$380Premises and equipment expense
$1,940Additional noninterest expense
-$1,413Pre-tax net operating income
$0Securities gains (losses)
-$1,256Applicable income taxes
-$157Income before extraordinary items
$0Extraordinary gains - net
-$157Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,236Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.95%Yield on earning assets
4.52%Cost of funding earning assets
4.43%Net interest margin
0.31%Noninterest income to earning assets
4.18%Noninterest expense to earning assets
-0.17%Net operating income to assets
-0.17%Return on assets (ROA)
-1.52%Pretax return on assets
-1.12%Return on equity (ROE)
-1.12%Retained earnings to average equity (YTD only)
1.88%Net charge-offs to loans
150.24%Credit loss provision to net charge-offs
0.36%Efficiency ratio
82,317Assets per employee
3.35%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.13%Loss allowance to noncurrent loans
263.69%Noncurrent assets plus other real estate owned to assets
0.64%Noncurrent loans to loans
0.81%Net loans and leases to deposits
84.34%Net loans and leases to core deposits
100.26%Equity capital to assets
15.17%Core capital (leverage) ratio
9.54%Tier 1 risk-based capital ratio
13.37%Total risk-based capital ratio
Memoranda
$15Average assets
$92,921Average earning assets
$14,032Average equity
$80,032Average loans
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First Bank of East Tennessee, National Association
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