First Vision Bank of Tennessee in city_name, state_name - Detailed Financial Reports, Location

First Vision Bank of Tennessee in Tullahoma, Tennessee (TN)
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First Vision Bank of Tennessee routing number info

First Vision Bank of Tennessee - Overview

General
FDIC Certificate #: 58201
Status: Active
Federal Reserve ID: 3350658
Date Established: November 28, 2005
WWW: http://www.firstvisionbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 3 (Domestic: 3, Interstate: No)
FDIC's unique #: 441943
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: November 28, 2005
Last Structure Change Effective Date: January 10, 2008
Last Structure Change Process Date: January 10, 2008
Last Data Update: January 10, 2008
Data Source Date: April 05, 2012
Location
Address: 1401 North Jackson Street, Tullahoma, TN 37388
County: Coffee
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Nashville
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Core Based Statistical Area (CBSA): Tullahoma, TN (#46100)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $129.0 mil
Equity capital: $16.9 mil
Deposits held in domestic offices: $107.9 mil
Return on assets (ROA): 0.93% ($1.2 mil)
Quarterly return on assets: 0.90% ($1.2 mil)
Return on Equity (ROE): 7.02% ($1.2 mil)
Quarterly return on equity: 6.79% ($1.2 mil)
Net income: $1.1 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 0.93% ($1,199.7 mil)
Quarterly Pretax return on assets: 0.90% ($1,161.0 mil)

2000 - 2011 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, 2011)

Dollar figures in thousands
37Total employees (full-time equivalent)
$128,998Total assets
$7,073Cash and due from depository institutions
$1,053Interest-bearing balances
$11,997Securities
$7,745Federal funds sold & reverse repurchase agreements
$93,483Net loans & leases
$1,245Loan loss allowance
$0Trading account assets
$5,532Bank premises and fixed assets
$250Other real estate owned
$0Goodwill and other intangibles
$128,998Life insurance assets
$2,918All other assets
$112,058Total liabilities and capital
$107,932Total liabilities
$97,406Total deposits
$107,932Interest-bearing deposits
$92Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$3,500Trading liabilities
$0Other borrowed funds
$626Subordinated debt
$16,940All other liabilities
$16,940Total equity capital
$16,940Total bank equity capital
$0Perpetual preferred stock
$1,767Common stock
$16,390Surplus
$-1,217Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$374Income earned, not collected on loans
$0Earning assets
$451Long-term assets (5+ years)
$114,278Average Assets, year-to-date
$17,743Average Assets, quarterly
$123,040Volatile liabilities
$126,461Insider loans
$93,925FHLB advances
$124,603Loans and leases held for sale
$1,026Unused loan commitments
$1,026Tier 1 (core) risk-based capital
$16,784Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$14,558Restructured Loans and leases
$5,778Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$6,136Total interest income
$1,345Total interest expense
$4,791Net interest income
$306Provision for loan and lease losses
$397Total noninterest income
$0Fiduciary activities
$294Service charges on deposit accounts
$0Trading account gains & fees
$103Additional noninterest income
$3,752Total noninterest expense
$1,894Salaries and employee benefits
$462Premises and equipment expense
$1,396Additional noninterest expense
$1,130Pre-tax net operating income
$20Securities gains (losses)
$0Applicable income taxes
$1,150Income before extraordinary items
$0Extraordinary gains - net
$1,150Net income attributable to bank
$0Net charge-offs
$1,150Cash dividends
$176Sale, conversion, retirement of capital stock, net
$178Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.58%Yield on earning assets
1.22%Cost of funding earning assets
4.35%Net interest margin
0.36%Noninterest income to earning assets
3.41%Noninterest expense to earning assets
0.92%Net operating income to assets
0.93%Return on assets (ROA)
0.93%Pretax return on assets
7.02%Return on equity (ROE)
5.94%Retained earnings to average equity (YTD only)
0.19%Net charge-offs to loans
173.86%Credit loss provision to net charge-offs
8.16%Efficiency ratio
72,321Assets per employee
3.49%Cash dividends to net income (YTD only)
Condition Ratios (%)
15.48%Loss allowance to loans
1.31%Loss allowance to noncurrent loans
332.89%Noncurrent assets plus other real estate owned to assets
0.48%Noncurrent loans to loans
0.39%Net loans and leases to deposits
86.61%Net loans and leases to core deposits
95.08%Equity capital to assets
13.13%Core capital (leverage) ratio
13.47%Tier 1 risk-based capital ratio
17.87%Total risk-based capital ratio
Memoranda
$19Average assets
$123,040Average earning assets
$16,373Average equity
$110,058Average loans

List of branches

3 Tennessee Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	441943	First Vision Bank Of Tennessee	1401 North Jackson Street, Tullahoma, TN 37388	November 28, 2005	Full Service Brick and Mortar
1	478856	Franklin County Office	2165 Decherd Boulevard, Decherd, TN 37324	November 28, 2005	Full Service Brick and Mortar
2	479362	Manchester Office Branch	2134 Hillsboro Blvd., Manchester, TN 37355	April 14, 2008	Full Service Brick and Mortar

First Vision Bank of Tennessee in Tullahoma, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Vision Bank of Tennessee - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

First Vision Bank of Tennessee in Tullahoma, Tennessee (TN)Overview, Financial Summary, Detailed Financial Reports, Branches

First Vision Bank of Tennessee - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

First Vision Bank of Tennessee in Tullahoma, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches