FDIC Certificate #: 1466 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Volunteer Bank of Tennessee (#10307) Federal Reserve ID: 417635 Date Established: September 24, 1923 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) OTS Docket #: 16067 FDIC's unique #: 964 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: July 27, 2001 Last Structure Change Process Date: October 25, 2001 Last Data Update: October 25, 2001 Data Source Date: April 05, 2012
Location
Address: Main Street, Jacksboro, TN 37757 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: $104.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
52Total employees (full-time equivalent)
$99,033Total assets
$1,763Cash and due from depository institutions
$0Interest-bearing balances
$22,825Securities
$7,675Federal funds sold & reverse repurchase agreements
$61,694Net loans & leases
$716Loan loss allowance
$0Trading account assets
$3,247Bank premises and fixed assets
$353Other real estate owned
$206Goodwill and other intangibles
$0Life insurance assets
$1,270All other assets
$99,033Total liabilities and capital
$90,526Total liabilities
$89,751Total deposits
$79,899Interest-bearing deposits
$89,751Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$775All other liabilities
$8,507Total equity capital
$8,507Total bank equity capital
$8,507Perpetual preferred stock
$0Common stock
$1,500Surplus
$1,950Undivided profits
Memoranda
$5,057Noncurrent loans and leases
$2,590Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,355Earning assets
$0Long-term assets (5+ years)
$578Average Assets, year-to-date
$92,194Average Assets, quarterly
$2,097Volatile liabilities
$94,159Insider loans
$95,811FHLB advances
$13,162Loans and leases held for sale
$2,279Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,590Total unused commitments
$0Restructured Loans and leases
$716Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$7,983Total interest income
$3,127Total interest expense
$4,856Net interest income
$149Provision for loan and lease losses
$1,100Total noninterest income
$0Fiduciary activities
$798Service charges on deposit accounts
$0Trading account gains & fees
$302Additional noninterest income
$2,960Total noninterest expense
$1,614Salaries and employee benefits
$574Premises and equipment expense
$772Additional noninterest expense
$2,847Pre-tax net operating income
-$30Securities gains (losses)
$1,044Applicable income taxes
$1,773Income before extraordinary items
$0Extraordinary gains - net
$1,773Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$43Sale, conversion, retirement of capital stock, net
$1,285Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.23%Yield on earning assets
3.62%Cost of funding earning assets
5.62%Net interest margin
1.27%Noninterest income to earning assets
3.42%Noninterest expense to earning assets
1.90%Net operating income to assets
1.88%Return on assets (ROA)
2.99%Pretax return on assets
22.30%Return on equity (ROE)
6.14%Retained earnings to average equity (YTD only)
0.07%Net charge-offs to loans
346.51%Credit loss provision to net charge-offs
69.67%Efficiency ratio
49,278Assets per employee
1.90%Cash dividends to net income (YTD only)
Condition Ratios (%)
72.48%Loss allowance to loans
1.15%Loss allowance to noncurrent loans
52.84%Noncurrent assets plus other real estate owned to assets
1.72%Noncurrent loans to loans
2.17%Net loans and leases to deposits
68.74%Net loans and leases to core deposits
80.55%Equity capital to assets
8.59%Core capital (leverage) ratio
8.61%Tier 1 risk-based capital ratio
13.41%Total risk-based capital ratio
Memoranda
$15Average assets
$94,159Average earning assets
$7,951Average equity
$86,462Average loans
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