First Volunteer Bank of the Upper Cumberlands - Overview
General
FDIC Certificate #: 21144 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Volunteer Bank of Tennessee (#10307) Federal Reserve ID: 509334 Date Established: July 07, 1973 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) FDIC's unique #: 14616 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: July 07, 1973 Last Structure Change Effective Date: May 18, 2001 Last Structure Change Process Date: July 02, 2001 Last Data Update: July 02, 2001 Data Source Date: April 05, 2012
Location
Address: 318 North Main Street, Jamestown, TN 38556 County: Fentress 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
Financial Summary
Total assets: $56.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
28Total employees (full-time equivalent)
$57,473Total assets
$2,730Cash and due from depository institutions
$0Interest-bearing balances
$5,661Securities
$3,500Federal funds sold & reverse repurchase agreements
$41,301Net loans & leases
$515Loan loss allowance
$0Trading account assets
$3,617Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$664All other assets
$57,473Total liabilities and capital
$52,817Total liabilities
$52,174Total deposits
$43,277Interest-bearing deposits
$52,174Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$643All other liabilities
$4,656Total equity capital
$4,656Total bank equity capital
$4,656Perpetual preferred stock
$0Common stock
$300Surplus
$300Undivided profits
Memoranda
$4,056Noncurrent loans and leases
$2,961Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$29Earning assets
$0Long-term assets (5+ years)
$501Average Assets, year-to-date
$50,462Average Assets, quarterly
$462Volatile liabilities
$53,664Insider loans
$55,998FHLB advances
$10,096Loans and leases held for sale
$299Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,961Total unused commitments
$0Restructured Loans and leases
$515Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$5,143Total interest income
$1,863Total interest expense
$3,280Net interest income
$40Provision for loan and lease losses
$564Total noninterest income
$0Fiduciary activities
$463Service charges on deposit accounts
$0Trading account gains & fees
$101Additional noninterest income
$1,786Total noninterest expense
$973Salaries and employee benefits
$321Premises and equipment expense
$492Additional noninterest expense
$2,018Pre-tax net operating income
$0Securities gains (losses)
$775Applicable income taxes
$1,243Income before extraordinary items
$0Extraordinary gains - net
$1,243Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$10Sale, conversion, retirement of capital stock, net
$965Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
10.74%Yield on earning assets
3.89%Cost of funding earning assets
6.85%Net interest margin
1.18%Noninterest income to earning assets
3.73%Noninterest expense to earning assets
2.32%Net operating income to assets
2.32%Return on assets (ROA)
3.76%Pretax return on assets
28.19%Return on equity (ROE)
6.30%Retained earnings to average equity (YTD only)
-0.03%Net charge-offs to loans
-400.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
46,462Assets per employee
2.05%Cash dividends to net income (YTD only)
Condition Ratios (%)
77.63%Loss allowance to loans
1.23%Loss allowance to noncurrent loans
1775.86%Noncurrent assets plus other real estate owned to assets
0.05%Noncurrent loans to loans
0.07%Net loans and leases to deposits
79.16%Net loans and leases to core deposits
98.15%Equity capital to assets
8.10%Core capital (leverage) ratio
8.39%Tier 1 risk-based capital ratio
11.20%Total risk-based capital ratio
Memoranda
$12Average assets
$53,664Average earning assets
$4,410Average equity
$47,871Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First Volunteer Bank of the Upper Cumberlands.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: