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

Bank of Tennessee - Overview

  • General
  • FDIC Certificate #: 21573
    Status: Active
    Federal Reserve ID: 340135
    Bank Holding Company (Regulatory Top Holder): Banctenn Corp. (RSSDID: 1135002, Location: Kingsport, TN)
    Date Established: May 13, 1974
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 15 (Domestic: 15, Interstate: No)
    OTS Docket #: 11347
    FDIC's unique #: 14924
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: May 13, 1974
    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: 301 East Center Street, Kingsport, TN 37660
    County: Sullivan
    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
    Metropolitan Statistical Area (MSA): Johnson City-Kingsport-Bristol, TN-VA (#3660)
    Combined Statistical Area (CSA): Johnson City-Kingsport-Bristol (Tri-Cities), TN-VA (#304)
    Core Based Statistical Area (CBSA): Kingsport-Bristol-Bristol, TN-VA (#28700)
    CBSA Metro Statistical Area: Kingsport-Bristol-Bristol, TN-VA (#28700)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $640.0 mil
    Equity capital: $56.7 mil
    Deposits held in domestic offices: $524.3 mil
    Return on assets (ROA): 0.74% ($4.7 mil)
    Quarterly return on assets: 0.50% ($3.2 mil)
    Return on Equity (ROE): 8.64% ($4.9 mil)
    Quarterly return on equity: 5.77% ($3.3 mil)
    Net income: $4.8 mil
    Quarterly Net income: $0.8 mil
    Pretax return on assets: 0.68% ($4,352.2 mil)
    Quarterly Pretax return on assets: 0.43% ($2,752.1 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
  • 195Total employees (full-time equivalent)
  • $640,031Total assets
  • $36,925Cash and due from depository institutions
  • $26,567Interest-bearing balances
  • $105,335Securities
  • $615Federal funds sold & reverse repurchase agreements
  • $439,941Net loans & leases
  • $7,505Loan loss allowance
  • $0Trading account assets
  • $27,017Bank premises and fixed assets
  • $3,233Other real estate owned
  • $0Goodwill and other intangibles
  • $640,031Life insurance assets
  • $26,965All other assets
  • $583,379Total liabilities and capital
  • $524,335Total liabilities
  • $404,084Total deposits
  • $524,335Interest-bearing deposits
  • $79Deposits held in domestic offices
  • 18403.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $35,820Trading liabilities
  • $0Other borrowed funds
  • $4,821Subordinated debt
  • $56,652All other liabilities
  • $56,652Total equity capital
  • $56,652Total bank equity capital
  • $0Perpetual preferred stock
  • $1,673Common stock
  • $14,878Surplus
  • $40,101Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $139Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,358Income earned, not collected on loans
  • $0Earning assets
  • $1,620Long-term assets (5+ years)
  • $572,458Average Assets, year-to-date
  • $218,287Average Assets, quarterly
  • $644,532Volatile liabilities
  • $648,232Insider loans
  • $461,002FHLB advances
  • $640,702Loans and leases held for sale
  • $14,690Unused loan commitments
  • $14,690Tier 1 (core) risk-based capital
  • $53,770Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $61,575Restructured Loans and leases
  • $1,875Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $26,241Total interest income
  • $4,623Total interest expense
  • $21,618Net interest income
  • $3,200Provision for loan and lease losses
  • $5,072Total noninterest income
  • $0Fiduciary activities
  • $1,486Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,586Additional noninterest income
  • $19,095Total noninterest expense
  • $10,892Salaries and employee benefits
  • $2,375Premises and equipment expense
  • $5,828Additional noninterest expense
  • $4,395Pre-tax net operating income
  • -$5Securities gains (losses)
  • -$385Applicable income taxes
  • $4,775Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,775Net income attributable to bank
  • $0Net charge-offs
  • $4,775Cash dividends
  • $3,365Sale, conversion, retirement of capital stock, net
  • $4,775Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.67%Yield on earning assets
  • 0.82%Cost of funding earning assets
  • 3.85%Net interest margin
  • 0.90%Noninterest income to earning assets
  • 3.40%Noninterest expense to earning assets
  • 0.74%Net operating income to assets
  • 0.74%Return on assets (ROA)
  • 0.68%Pretax return on assets
  • 8.64%Return on equity (ROE)
  • 0.00%Retained earnings to average equity (YTD only)
  • 0.73%Net charge-offs to loans
  • 95.10%Credit loss provision to net charge-offs
  • 2.26%Efficiency ratio
  • 71,544Assets per employee
  • 3.28%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 100.00%Loss allowance to loans
  • 1.68%Loss allowance to noncurrent loans
  • 102.00%Noncurrent assets plus other real estate owned to assets
  • 1.65%Noncurrent loans to loans
  • 1.64%Net loans and leases to deposits
  • 83.90%Net loans and leases to core deposits
  • 90.03%Equity capital to assets
  • 8.85%Core capital (leverage) ratio
  • 8.39%Tier 1 risk-based capital ratio
  • 11.66%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $644,532Average earning assets
  • $55,275Average equity
  • $561,560Average loans

List of branches

  • 15 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    014924Bank Of Tennessee301 East Center Street, Kingsport, TN 37660May 13, 1974Full Service Brick and Mortar
    213908Erwin Branch1230 North Main Street, Erwin, TN 37650August 03, 1970Full Service Brick and Mortar
    7253062Mountcastle Branch112 Mountcastle Drive, Johnson City, TN 37601January 25, 1988Full Service Brick and Mortar
    10253065Colonial Heights Branch4214 Fort Henry Drive, Kingsport, TN 37663October 06, 1989Full Service Brick and Mortar
    11253066University Branch1328 West State Of Franklin Road, Johnson City, TN 37604January 03, 1990Full Service Brick and Mortar
    12253067Jonesborough Branch502 East Jackson Boulevard, Jonesborough, TN 37659December 07, 1992Full Service Brick and Mortar
    13253068Eastman Road Branch1708 Eastman Road, Kingsport, TN 37664December 18, 1995Full Service Brick and Mortar
    16431722Blountville Branch1917 Highway 394, Blountville, TN 37617September 07, 2004Full Service Brick and Mortar
    17437835Bristol Branch1223 Volunteer Parkway, Bristol, TN 37620Febuary 22, 2005Full Service Brick and Mortar
    18444290Messenger Service301 East Center Street, Kingsport, TN 37660September 01, 2005Limited Service Messenger
    19444965Gray Branch402 Roy Martin Road, Gray, TN 37615September 12, 2005Full Service Brick and Mortar
    21456615Medtech Branch100 Med Tech Parkway, Johnson City, TN 37604November 20, 2006Full Service Brick and Mortar
    22457621Cash Room10431 Wallace Alley Street, Kingsport, TN 37663November 08, 2005Limited Service Administrative
    23464815Bank Of Tennessee Courier Service301 East Center Street, Kingsport, TN 37660May 01, 2007Limited Service Administrative
    24467971Nashville Branch2525 West End Street, Nashville, TN 37203September 10, 2007Full Service Brick and Mortar

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