First Volunteer Bank of Southeast Tennessee - Overview
General
FDIC Certificate #: 2397 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Volunteer Bank of Tennessee (#10307) Federal Reserve ID: 780535 Date Established: September 01, 1932 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 1576 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: April 21, 2000 Last Structure Change Process Date: June 06, 2000 Last Data Update: June 06, 2000 Data Source Date: April 05, 2012
Location
Address: 720 Tennessee Avenue, Etowah, TN 37331 County: Mcminn 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): Chattanooga-Cleveland-Athens, TN-GA (#174) Core Based Statistical Area (CBSA): Athens, TN (#11940) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $30.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
17Total employees (full-time equivalent)
$29,903Total assets
$1,400Cash and due from depository institutions
$0Interest-bearing balances
$5,472Securities
$410Federal funds sold & reverse repurchase agreements
$21,022Net loans & leases
$266Loan loss allowance
$0Trading account assets
$1,270Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$329All other assets
$29,903Total liabilities and capital
$27,265Total liabilities
$26,972Total deposits
$23,736Interest-bearing deposits
$26,972Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$293All other liabilities
$2,638Total equity capital
$2,638Total bank equity capital
$2,638Perpetual preferred stock
$0Common stock
$200Surplus
$1,075Undivided profits
Memoranda
$1,363Noncurrent loans and leases
$1,090Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$138Earning assets
$0Long-term assets (5+ years)
$191Average Assets, year-to-date
$26,904Average Assets, quarterly
$2,252Volatile liabilities
$28,624Insider loans
$30,128FHLB advances
$2,058Loans and leases held for sale
$223Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,090Total unused commitments
$0Restructured Loans and leases
$266Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$2,536Total interest income
$813Total interest expense
$1,723Net interest income
$80Provision for loan and lease losses
$251Total noninterest income
$0Fiduciary activities
$170Service charges on deposit accounts
$0Trading account gains & fees
$81Additional noninterest income
$1,326Total noninterest expense
$671Salaries and employee benefits
$258Premises and equipment expense
$397Additional noninterest expense
$568Pre-tax net operating income
$0Securities gains (losses)
$135Applicable income taxes
$433Income before extraordinary items
$0Extraordinary gains - net
$433Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$45Sale, conversion, retirement of capital stock, net
$387Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.99%Yield on earning assets
3.20%Cost of funding earning assets
6.79%Net interest margin
0.99%Noninterest income to earning assets
5.22%Noninterest expense to earning assets
1.51%Net operating income to assets
1.51%Return on assets (ROA)
1.98%Pretax return on assets
16.27%Return on equity (ROE)
1.73%Retained earnings to average equity (YTD only)
0.23%Net charge-offs to loans
177.78%Credit loss provision to net charge-offs
14.40%Efficiency ratio
67,173Assets per employee
1.76%Cash dividends to net income (YTD only)
Condition Ratios (%)
89.38%Loss allowance to loans
1.25%Loss allowance to noncurrent loans
192.75%Noncurrent assets plus other real estate owned to assets
0.46%Noncurrent loans to loans
0.65%Net loans and leases to deposits
77.94%Net loans and leases to core deposits
84.38%Equity capital to assets
8.82%Core capital (leverage) ratio
8.91%Tier 1 risk-based capital ratio
12.59%Total risk-based capital ratio
Memoranda
$14Average assets
$28,624Average earning assets
$2,662Average equity
$25,385Average loans
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