Avenue Bank in Nashville, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Avenue Bank in Nashville, Tennessee (TN)
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Avenue Bank - Overview

  • General
  • FDIC Certificate #: 6106
    Status: Active
    Federal Reserve ID: 481355
    Bank Holding Company (Regulatory Top Holder): Avenue Financial Holdings, Inc. (RSSDID: 3541483, Location: Nashville, TN)
    Date Established: September 08, 1911
    WWW: http://www.avenuenashville.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    FDIC's unique #: 4127
    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: January 01, 1934
    Last Structure Change Effective Date: July 20, 2007
    Last Structure Change Process Date: July 20, 2007
    Last Data Update: July 20, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 111 10th Avenue South, Suite 400, Nashville, TN 37203
    County: Davidson
    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
    Metropolitan Statistical Area (MSA): Nashville, TN (#5360)
    Combined Statistical Area (CSA): Nashville-Davidson-Murfreesboro-Columbia, TN (#400)
    Core Based Statistical Area (CBSA): Nashville-Davidson-Murfreesboro-Franklin, TN (#34980)
    CBSA Metro Statistical Area: Nashville-Davidson-Murfreesboro-Franklin, TN (#34980)
  • Financial Summary
  • Total assets: $625.4 mil
    Equity capital: $81.3 mil
    Deposits held in domestic offices: $482.4 mil
    Return on assets (ROA): 2.28% ($14.2 mil)
    Quarterly return on assets: 7.50% ($46.9 mil)
    Return on Equity (ROE): 22.53% ($18.2 mil)
    Quarterly return on equity: 60.48% ($49.0 mil)
    Net income: $13.5 mil
    Quarterly Net income: $11.6 mil
    Pretax return on assets: 0.38% ($2,376.4 mil)
    Quarterly Pretax return on assets: 0.21% ($1,313.3 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)
  • $625,379Total assets
  • $15,164Cash and due from depository institutions
  • $10,351Interest-bearing balances
  • $169,703Securities
  • $2Federal funds sold & reverse repurchase agreements
  • $395,652Net loans & leases
  • $6,550Loan loss allowance
  • $2,762Trading account assets
  • $4,873Bank premises and fixed assets
  • $4,062Other real estate owned
  • $2,966Goodwill and other intangibles
  • $625,379Life insurance assets
  • $30,195All other assets
  • $544,127Total liabilities and capital
  • $482,414Total liabilities
  • $417,920Total deposits
  • $482,414Interest-bearing deposits
  • $70Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $2,762Federal funds purchased & repurchase agreements
  • $54,000Trading liabilities
  • $0Other borrowed funds
  • $4,951Subordinated debt
  • $81,252All other liabilities
  • $81,252Total equity capital
  • $81,252Total bank equity capital
  • $0Perpetual preferred stock
  • $44Common stock
  • $90,569Surplus
  • $-9,361Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $6,389Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,622Income earned, not collected on loans
  • $0Earning assets
  • $1,881Long-term assets (5+ years)
  • $575,708Average Assets, year-to-date
  • $188,608Average Assets, quarterly
  • $591,002Volatile liabilities
  • $616,935Insider loans
  • $464,885FHLB advances
  • $594,113Loans and leases held for sale
  • $14,970Unused loan commitments
  • $12,144Tier 1 (core) risk-based capital
  • $69,947Tier 2 risk-based capital
  • $2,826Total risk weighted assets
  • $0Total unused commitments
  • $74,780Restructured Loans and leases
  • $16,720Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $21,845Total interest income
  • $5,487Total interest expense
  • $16,358Net interest income
  • $1,102Provision for loan and lease losses
  • $2,965Total noninterest income
  • $0Fiduciary activities
  • $170Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,795Additional noninterest income
  • $16,126Total noninterest expense
  • $8,626Salaries and employee benefits
  • $2,957Premises and equipment expense
  • $4,543Additional noninterest expense
  • $2,095Pre-tax net operating income
  • $144Securities gains (losses)
  • -$11,239Applicable income taxes
  • $13,478Income before extraordinary items
  • $0Extraordinary gains - net
  • $13,478Net income attributable to bank
  • $0Net charge-offs
  • $13,478Cash dividends
  • $203Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.99%Yield on earning assets
  • 1.00%Cost of funding earning assets
  • 2.99%Net interest margin
  • 0.54%Noninterest income to earning assets
  • 2.94%Noninterest expense to earning assets
  • 2.26%Net operating income to assets
  • 2.28%Return on assets (ROA)
  • 0.38%Pretax return on assets
  • 22.53%Return on equity (ROE)
  • 22.53%Retained earnings to average equity (YTD only)
  • 0.05%Net charge-offs to loans
  • 542.86%Credit loss provision to net charge-offs
  • 15.75%Efficiency ratio
  • 83,455Assets per employee
  • 6.72%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.63%Loss allowance to noncurrent loans
  • 249.81%Noncurrent assets plus other real estate owned to assets
  • 1.07%Noncurrent loans to loans
  • 0.65%Net loans and leases to deposits
  • 82.02%Net loans and leases to core deposits
  • 107.36%Equity capital to assets
  • 12.99%Core capital (leverage) ratio
  • 11.77%Tier 1 risk-based capital ratio
  • 15.05%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $591,002Average earning assets
  • $59,810Average equity
  • $547,735Average loans

List of branches

  • 6 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    04127Avenue Bank111 10th Avenue South, Suite 400, Nashville, TN 37203September 08, 1911Full Service Brick and Mortar
    3465213Cummins Station Office209 Tenth Avenue South, Suite 250, Nashville, TN 37203July 09, 2007Full Service Brick and Mortar
    5467326Mobile/Messenger Service Branch209 Tenth Avenue South, Suite 250, Nashville, TN 37203August 22, 2007Limited Service Mobile
    6470382West End Branch2930 West End Avenue, Nashville, TN 37203January 22, 2008Full Service Brick and Mortar
    7473965Cool Springs Branch101 International Way, Suite 100, Franklin, TN 37067April 14, 2008Full Service Brick and Mortar
    8493044Green Hills Branch3823 Cleghorn Avenue, Nashville, TN 37215November 10, 2008Full Service Brick and Mortar

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