Athens Federal Community Bank in Athens, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Athens Federal Community Bank in Athens, Tennessee (TN)
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Athens Federal Community Bank - Overview

  • 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)

1992 - 1999 Historical total assets, liabilities and capital ($ 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
  • 93Total employees (full-time equivalent)
  • $283,311Total assets
  • $21,560Cash and due from depository institutions
  • $19,695Interest-bearing balances
  • $34,297Securities
  • $2,250Federal funds sold & reverse repurchase agreements
  • $204,699Net loans & leases
  • $4,166Loan loss allowance
  • $0Trading account assets
  • $4,595Bank premises and fixed assets
  • $526Other real estate owned
  • $335Goodwill and other intangibles
  • $283,311Life insurance assets
  • $15,049All other assets
  • $242,543Total liabilities and capital
  • $231,436Total liabilities
  • $210,334Total deposits
  • $231,436Interest-bearing deposits
  • $82Deposits held in domestic offices
  • 2265.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,081Trading liabilities
  • $0Other borrowed funds
  • $3,761Subordinated debt
  • $40,768All other liabilities
  • $40,768Total equity capital
  • $40,768Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $12,875Surplus
  • $27,893Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,299Income earned, not collected on loans
  • $0Earning assets
  • $968Long-term assets (5+ years)
  • $260,941Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $282,017Volatile liabilities
  • $283,247Insider loans
  • $192,603FHLB advances
  • $282,098Loans and leases held for sale
  • $9,224Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $39,858Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $31,026Restructured Loans and leases
  • $1,076Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $15,142Total interest income
  • $3,562Total interest expense
  • $11,580Net interest income
  • $1,841Provision for loan and lease losses
  • $4,337Total noninterest income
  • $0Fiduciary activities
  • $1,201Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,136Additional noninterest income
  • $11,127Total noninterest expense
  • $6,557Salaries and employee benefits
  • $1,546Premises and equipment expense
  • $3,024Additional noninterest expense
  • $2,949Pre-tax net operating income
  • $2Securities gains (losses)
  • $864Applicable income taxes
  • $2,087Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,087Net income attributable to bank
  • $0Net charge-offs
  • $2,087Cash dividends
  • $21Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.85%Yield on earning assets
  • 1.38%Cost of funding earning assets
  • 4.47%Net interest margin
  • 1.68%Noninterest income to earning assets
  • 4.30%Noninterest expense to earning assets
  • 0.74%Net operating income to assets
  • 0.74%Return on assets (ROA)
  • 1.05%Pretax return on assets
  • 5.31%Return on equity (ROE)
  • 5.31%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 8766.67%Credit loss provision to net charge-offs
  • 228.10%Efficiency ratio
  • 69,360Assets per employee
  • 3.05%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.99%Loss allowance to noncurrent loans
  • 126.28%Noncurrent assets plus other real estate owned to assets
  • 1.35%Noncurrent loans to loans
  • 1.58%Net loans and leases to deposits
  • 88.45%Net loans and leases to core deposits
  • 90.05%Equity capital to assets
  • 14.39%Core capital (leverage) ratio
  • 14.13%Tier 1 risk-based capital ratio
  • 20.69%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $282,017Average earning assets
  • $39,295Average equity
  • $258,811Average loans

List of branches

  • 7 Tennessee Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    041919Athens Federal Community Bank106 Washington Avenue Nw, Athens, TN 37303August 01, 1934Full Service Brick and Mortar
    100272809623 Tennessee Avenue Branch623 Tennessee Avenue, Etowah, TN 37331August 01, 1934Full Service Brick and Mortar
    1012728101103 Decatur Pike Branch1103 Decatur Pike, Athens, TN 37303August 01, 1934Full Service Brick and Mortar
    102272802Sweetwater Branch800 Highway 68, Sweetwater, TN 37874August 01, 1934Full Service Brick and Mortar
    104495143Ocoee Stree Branch3855 Ocoee St N Ste 100, Cleveland, TN 37312Febuary 12, 2007Full Service Brick and Mortar
    105495144Madisonville Branch4785 New Highway 68, Madisonville, TN 37354November 07, 2005Full Service Brick and Mortar
    10649514525th Street Branch950 25th Street Nw, Cleveland, TN 37311Febuary 26, 2007Full Service Brick and Mortar

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