Southern Community Bank in Tullahoma, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Southern Community Bank in Tullahoma, Tennessee (TN)
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Southern Community Bank routing number info

Southern Community Bank - Overview

  • General
  • FDIC Certificate #: 58105
    Status: Active
    Federal Reserve ID: 3393806
    Bank Holding Company (Regulatory Top Holder): Tennessee Bancshares, Inc. (RSSDID: 3613531, Location: Tullahoma, TN)
    Date Established: November 28, 2005
    WWW: http://www.mysoutherncommunitybank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 439875
    Numeric code: 21
    Regulator: FDIC
    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: September 06, 2011
    Last Structure Change Process Date: September 06, 2011
    Last Data Update: September 06, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1400 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
  • History of Changes
  • Name Change
  • Financial Summary
  • Total assets: $115.5 mil
    Equity capital: $16.5 mil
    Deposits held in domestic offices: $91.9 mil
    Return on assets (ROA): 0.75% ($0.9 mil)
    Quarterly return on assets: 0.75% ($0.9 mil)
    Return on Equity (ROE): 5.26% ($0.8 mil)
    Quarterly return on equity: 5.17% ($0.8 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.10% ($1,270.2 mil)
    Quarterly Pretax return on assets: 1.22% ($1,408.7 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
  • 32Total employees (full-time equivalent)
  • $115,471Total assets
  • $6,503Cash and due from depository institutions
  • $57Interest-bearing balances
  • $23,505Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $80,362Net loans & leases
  • $815Loan loss allowance
  • $0Trading account assets
  • $3,823Bank premises and fixed assets
  • $36Other real estate owned
  • $0Goodwill and other intangibles
  • $115,471Life insurance assets
  • $1,242All other assets
  • $99,005Total liabilities and capital
  • $91,882Total liabilities
  • $85,230Total deposits
  • $91,882Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,500Trading liabilities
  • $0Other borrowed funds
  • $623Subordinated debt
  • $16,466All other liabilities
  • $16,466Total equity capital
  • $16,466Total bank equity capital
  • $0Perpetual preferred stock
  • $1,293Common stock
  • $14,585Surplus
  • $588Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $472Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $467Long-term assets (5+ years)
  • $103,924Average Assets, year-to-date
  • $34,587Average Assets, quarterly
  • $111,328Volatile liabilities
  • $113,761Insider loans
  • $81,929FHLB advances
  • $111,738Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $16,033Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $14,302Restructured Loans and leases
  • $10,834Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,174Total interest income
  • $1,088Total interest expense
  • $4,086Net interest income
  • $128Provision for loan and lease losses
  • $1,207Total noninterest income
  • $0Fiduciary activities
  • $113Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,094Additional noninterest income
  • $4,037Total noninterest expense
  • $2,042Salaries and employee benefits
  • $327Premises and equipment expense
  • $1,668Additional noninterest expense
  • $1,128Pre-tax net operating income
  • $93Securities gains (losses)
  • $386Applicable income taxes
  • $835Income before extraordinary items
  • $0Extraordinary gains - net
  • $835Net income attributable to bank
  • $0Net charge-offs
  • $835Cash dividends
  • $28Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.06%Yield on earning assets
  • 1.06%Cost of funding earning assets
  • 3.99%Net interest margin
  • 1.18%Noninterest income to earning assets
  • 3.95%Noninterest expense to earning assets
  • 0.69%Net operating income to assets
  • 0.75%Return on assets (ROA)
  • 1.10%Pretax return on assets
  • 5.26%Return on equity (ROE)
  • 5.26%Retained earnings to average equity (YTD only)
  • 0.04%Net charge-offs to loans
  • 457.14%Credit loss provision to net charge-offs
  • 44.86%Efficiency ratio
  • 76,271Assets per employee
  • 3.61%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.00%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.03%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 87.46%Net loans and leases to core deposits
  • 91.79%Equity capital to assets
  • 14.26%Core capital (leverage) ratio
  • 14.35%Tier 1 risk-based capital ratio
  • 19.57%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $111,328Average earning assets
  • $15,881Average equity
  • $102,302Average loans

List of branches

  • 2 Tennessee Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    0439875Southern Community Bank1400 North Jackson Street, Tullahoma, TN 37388November 28, 2005Full Service Brick and Mortar
    1527735Sewanee Branch91 University Avenue, Suite 3, Sewanee, TN 37375December 12, 2011Full Service Brick and Mortar

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