Athens Federal Community Bank in Athens, Tennessee (TN)
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| Athens Federal Community Bank | |
|---|---|
| General | FDIC Certificate #: 29085 Status: Active Federal Reserve ID: 807272 Date Established: August 01, 1934 WWW: http://www.athensfederal.com Trust Powers Granted: No Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 7 (Domestic: 7, Interstate: No) OTS Docket #: 2887 FDIC's unique #: 41919 Numeric code: 37 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: March 25, 1935 Last Structure Change Effective Date: July 21, 2011 Last Structure Change Process Date: July 21, 2011 Last Data Update: July 21, 2011 Data Source Date: April 05, 2012 |
| Location | Address: 106 Washington Avenue Nw, Athens, TN 37303 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 |
| History of Changes | Change in Primary Regulatory Agency |
| Financial Summary | Total assets: $283.3 mil Equity capital: $40.8 mil Deposits held in domestic offices: $231.4 mil Return on assets (ROA): 0.74% ($2.1 mil) Quarterly return on assets: 1.07% ($3.0 mil) Return on Equity (ROE): 5.31% ($2.2 mil) Quarterly return on equity: 7.49% ($3.1 mil) Net income: $2.1 mil Quarterly Net income: $0.8 mil Pretax return on assets: 1.05% ($2,974.8 mil) Quarterly Pretax return on assets: 1.38% ($3,909.7 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 93 |
| Total assets | $283,311 |
| Cash and due from depository institutions | $21,560 |
| Interest-bearing balances | $19,695 |
| Securities | $34,297 |
| Federal funds sold & reverse repurchase agreements | $2,250 |
| Net loans & leases | $204,699 |
| Loan loss allowance | $4,166 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $4,595 |
| Other real estate owned | $526 |
| Goodwill and other intangibles | $335 |
| All other assets | $15,049 |
| Life insurance assets | $283,311 |
| Total liabilities and capital | $242,543 |
| Total liabilities | $231,436 |
| Total deposits | $210,334 |
| Interest-bearing deposits | $231,436 |
| Deposits held in domestic offices | $82 |
| % insured (estimated) | 2265.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $5,081 |
| Other borrowed funds | $0 |
| Subordinated debt | $3,761 |
| All other liabilities | $40,768 |
| Total equity capital | $40,768 |
| Total bank equity capital | $40,768 |
| Perpetual preferred stock | $0 |
| Common stock | $0 |
| Surplus | $12,875 |
| Undivided profits | $27,893 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $3,299 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $968 |
| Average Assets, year-to-date | $260,941 |
| Average Assets, quarterly | $0 |
| Volatile liabilities | $282,017 |
| Insider loans | $283,247 |
| FHLB advances | $192,603 |
| Loans and leases held for sale | $282,098 |
| Unused loan commitments | $9,224 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $39,858 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $31,026 |
| Derivatives | $1,076 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $15,142 |
| Total interest expense | $3,562 |
| Net interest income | $11,580 |
| Provision for loan and lease losses | $1,841 |
| Total noninterest income | $4,337 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $1,201 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $3,136 |
| Total noninterest expense | $11,127 |
| Salaries and employee benefits | $6,557 |
| Premises and equipment expense | $1,546 |
| Additional noninterest expense | $3,024 |
| Pre-tax net operating income | $2,949 |
| Securities gains (losses) | $2 |
| Applicable income taxes | $864 |
| Income before extraordinary items | $2,087 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $2,087 |
| Net charge-offs | $0 |
| Cash dividends | $2,087 |
| Sale, conversion, retirement of capital stock, net | $21 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.85% |
| Cost of funding earning assets | 1.38% |
| Net interest margin | 4.47% |
| Noninterest income to earning assets | 1.68% |
| Noninterest expense to earning assets | 4.30% |
| Net operating income to assets | 0.74% |
| Return on assets (ROA) | 0.74% |
| Pretax return on assets | 1.05% |
| Return on equity (ROE) | 5.31% |
| Retained earnings to average equity (YTD only) | 5.31% |
| Net charge-offs to loans | 0.01% |
| Credit loss provision to net charge-offs | 8766.67% |
| Efficiency ratio | 228.10% |
| Assets per employee | $69,360 |
| Cash dividends to net income (YTD only) | 3.05% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 1.99% |
| Noncurrent assets plus other real estate owned to assets | 126.28% |
| Noncurrent loans to loans | 1.35% |
| Net loans and leases to deposits | 1.58% |
| Net loans and leases to core deposits | 88.45% |
| Equity capital to assets | 90.05% |
| Core capital (leverage) ratio | 14.39% |
| Tier 1 risk-based capital ratio | 14.13% |
| Total risk-based capital ratio | 20.69% |
| Memoranda | |
| Average assets | $22 |
| Average earning assets | $282,017 |
| Average equity | $39,295 |
| Average loans | $258,811 |
| 7 Tennessee Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 41919 | Athens Federal Community Bank | 106 Washington Avenue Nw, Athens, TN 37303 | August 01, 1934 | Full Service Brick and Mortar |  |
| 100 | 272809 | 623 Tennessee Avenue Branch | 623 Tennessee Avenue, Etowah, TN 37331 | August 01, 1934 | Full Service Brick and Mortar |  |
| 101 | 272810 | 1103 Decatur Pike Branch | 1103 Decatur Pike, Athens, TN 37303 | August 01, 1934 | Full Service Brick and Mortar | |
| 102 | 272802 | Sweetwater Branch | 800 Highway 68, Sweetwater, TN 37874 | August 01, 1934 | Full Service Brick and Mortar | |
| 104 | 495143 | Ocoee Stree Branch | 3855 Ocoee St N Ste 100, Cleveland, TN 37312 | Febuary 12, 2007 | Full Service Brick and Mortar | |
| 105 | 495144 | Madisonville Branch | 4785 New Highway 68, Madisonville, TN 37354 | November 07, 2005 | Full Service Brick and Mortar | |
| 106 | 495145 | 25th Street Branch | 950 25th Street Nw, Cleveland, TN 37311 | Febuary 26, 2007 | Full Service Brick and Mortar | |
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