Athens Federal Community Bank in Athens, Tennessee (TN)



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Athens Federal Community Bank
GeneralFDIC 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
LocationAddress: 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 ChangesChange in Primary Regulatory Agency
Financial SummaryTotal 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)
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
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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
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.85%
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 ratio228.10%
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 deposits1.58%
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
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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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