Bank of Cleveland in Cleveland, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Bank of Cleveland - Overview

  • General
  • FDIC Certificate #: 26955
    Status: Active
    Federal Reserve ID: 144034
    Bank Holding Company (Regulatory Top Holder): Bradley County Financial Corp. (RSSDID: 1399774, Location: Cleveland, TN)
    Date Established: May 08, 1987
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 14086
    FDIC's unique #: 36363
    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: May 08, 1987
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 75 First Street, N.W., Cleveland, TN 37320
    County: Bradley
    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): Cleveland, TN (#17420)
    CBSA Metro Statistical Area: Cleveland, TN (#17420)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $235.9 mil
    Equity capital: $34.2 mil
    Deposits held in domestic offices: $195.9 mil
    Return on assets (ROA): 1.65% ($3.9 mil)
    Quarterly return on assets: 1.61% ($3.8 mil)
    Return on Equity (ROE): 12.34% ($4.2 mil)
    Quarterly return on equity: 11.44% ($3.9 mil)
    Net income: $4.1 mil
    Quarterly Net income: $1.0 mil
    Pretax return on assets: 2.71% ($6,394.2 mil)
    Quarterly Pretax return on assets: 2.63% ($6,205.4 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
  • 61Total employees (full-time equivalent)
  • $235,947Total assets
  • $13,816Cash and due from depository institutions
  • $12,464Interest-bearing balances
  • $8,047Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $202,340Net loans & leases
  • $3,900Loan loss allowance
  • $0Trading account assets
  • $4,129Bank premises and fixed assets
  • $2,853Other real estate owned
  • $0Goodwill and other intangibles
  • $235,947Life insurance assets
  • $4,762All other assets
  • $201,789Total liabilities and capital
  • $195,866Total liabilities
  • $162,310Total deposits
  • $195,866Interest-bearing deposits
  • $78Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,000Trading liabilities
  • $0Other borrowed funds
  • $923Subordinated debt
  • $34,158All other liabilities
  • $34,158Total equity capital
  • $34,158Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $2,000Surplus
  • $31,158Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $4,076Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,619Income earned, not collected on loans
  • $0Earning assets
  • $808Long-term assets (5+ years)
  • $222,851Average Assets, year-to-date
  • $3,034Average Assets, quarterly
  • $246,922Volatile liabilities
  • $241,374Insider loans
  • $195,756FHLB advances
  • $244,525Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $34,149Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $8,788Restructured Loans and leases
  • $7,050Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $13,820Total interest income
  • $1,593Total interest expense
  • $12,227Net interest income
  • $826Provision for loan and lease losses
  • $1,745Total noninterest income
  • $0Fiduciary activities
  • $639Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,106Additional noninterest income
  • $6,463Total noninterest expense
  • $4,094Salaries and employee benefits
  • $932Premises and equipment expense
  • $1,437Additional noninterest expense
  • $6,683Pre-tax net operating income
  • $0Securities gains (losses)
  • $2,597Applicable income taxes
  • $4,086Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,086Net income attributable to bank
  • $0Net charge-offs
  • $4,086Cash dividends
  • $1,476Sale, conversion, retirement of capital stock, net
  • $2,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.92%Yield on earning assets
  • 0.68%Cost of funding earning assets
  • 5.24%Net interest margin
  • 0.75%Noninterest income to earning assets
  • 2.77%Noninterest expense to earning assets
  • 1.65%Net operating income to assets
  • 1.65%Return on assets (ROA)
  • 2.71%Pretax return on assets
  • 12.34%Return on equity (ROE)
  • 6.30%Retained earnings to average equity (YTD only)
  • 0.70%Net charge-offs to loans
  • 55.96%Credit loss provision to net charge-offs
  • 5.09%Efficiency ratio
  • 46,257Assets per employee
  • 3.87%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 48.95%Loss allowance to loans
  • 1.89%Loss allowance to noncurrent loans
  • 69.41%Noncurrent assets plus other real estate owned to assets
  • 3.59%Noncurrent loans to loans
  • 2.72%Net loans and leases to deposits
  • 103.31%Net loans and leases to core deposits
  • 112.57%Equity capital to assets
  • 14.48%Core capital (leverage) ratio
  • 13.97%Tier 1 risk-based capital ratio
  • 17.44%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $246,922Average earning assets
  • $33,109Average equity
  • $233,385Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $76Managed Assets
  • 1Number of Accounts
  • $76Personal trust and agency accounts
  • $76Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 3Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 5 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    036363Bank Of Cleveland75 First Street, N.W., Cleveland, TN 37320May 08, 1987Full Service Brick and Mortar
    226054025th Street Branch1400 25th Street, N.W., Cleveland, TN 37311July 25, 1988Full Service Brick and Mortar
    3260541Downtown Motor Branch315 Broad Street, Northwest, Cleveland, TN 37311December 13, 1993Limited Service Facility
    4260542Bradley Square Mall Branch190 Paul Huff Parkway, Cleveland, TN 37320October 02, 1995Full Service Brick and Mortar
    5260543Southforke Branch1200 Perimeter Drive, Cleveland, TN 37311October 05, 1998Full Service Brick and Mortar

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