BankEast in Knoxville, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 27, 2012

BankEast - Overview

  • General
  • FDIC Certificate #: 19869
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: U.S. Bank National Association (#6548)
    Federal Reserve ID: 230535
    Bank Holding Company (Regulatory Top Holder): Bankeast Corporation (RSSDID: 3234600, Location: Knoxville, TN)
    Date Established: November 23, 1968
    WWW: http://www.bankeast.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 10 (Domestic: 10, Interstate: No)
    FDIC's unique #: 13657
    Numeric code: 13
    Regulator: FED
    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: November 23, 1968
    Last Structure Change Effective Date: January 27, 2012
    Last Structure Change Process Date: January 30, 2012
    Last Data Update: January 30, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 607 Market Street, Knoxville, TN 37902
    County: Knox
    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): Knoxville, TN (#3840)
    Combined Statistical Area (CSA): Knoxville-Sevierville-La Follette, TN (#314)
    Core Based Statistical Area (CBSA): Knoxville, TN (#28940)
    CBSA Metro Statistical Area: Knoxville, TN (#28940)
  • Financial Summary
  • Total assets: $261.9 mil
    Equity capital: $1.0 mil
    Deposits held in domestic offices: $259.6 mil
    Return on assets (ROA): -2.12% (-$5.6 mil)
    Quarterly return on assets: -2.05% (-$5.4 mil)
    Return on Equity (ROE): -127.20% (-$1.3 mil)
    Quarterly return on equity: -318.47% (-$3.2 mil)
    Net income: -$5.8 mil
    Quarterly Net income: -$1.4 mil
    Pretax return on assets: -2.12% (-$5,553.3 mil)
    Quarterly Pretax return on assets: -2.05% (-$5,369.9 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
  • 79Total employees (full-time equivalent)
  • $261,947Total assets
  • $30,588Cash and due from depository institutions
  • $24,135Interest-bearing balances
  • $14,594Securities
  • $408Federal funds sold & reverse repurchase agreements
  • $171,555Net loans & leases
  • $9,268Loan loss allowance
  • $0Trading account assets
  • $34,785Bank premises and fixed assets
  • $4,645Other real estate owned
  • $0Goodwill and other intangibles
  • $261,947Life insurance assets
  • $5,372All other assets
  • $260,926Total liabilities and capital
  • $259,571Total liabilities
  • $231,605Total deposits
  • $259,571Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,355Subordinated debt
  • $1,021All other liabilities
  • $1,021Total equity capital
  • $1,021Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $46,155Surplus
  • $-46,134Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $2,601Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $31,546Income earned, not collected on loans
  • $0Earning assets
  • $707Long-term assets (5+ years)
  • $210,692Average Assets, year-to-date
  • $14,622Average Assets, quarterly
  • $274,925Volatile liabilities
  • $267,289Insider loans
  • $206,723FHLB advances
  • $261,783Loans and leases held for sale
  • $2,673Unused loan commitments
  • $2,673Tier 1 (core) risk-based capital
  • $922Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $31,905Restructured Loans and leases
  • $10,016Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,065Total interest income
  • $2,642Total interest expense
  • $7,423Net interest income
  • $2,881Provision for loan and lease losses
  • $2,189Total noninterest income
  • $0Fiduciary activities
  • $364Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,825Additional noninterest income
  • $12,917Total noninterest expense
  • $4,825Salaries and employee benefits
  • $2,850Premises and equipment expense
  • $5,242Additional noninterest expense
  • -$6,186Pre-tax net operating income
  • $349Securities gains (losses)
  • $0Applicable income taxes
  • -$5,837Income before extraordinary items
  • $0Extraordinary gains - net
  • -$5,837Net income attributable to bank
  • $0Net charge-offs
  • -$5,837Cash dividends
  • $1,418Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.47%Yield on earning assets
  • 1.17%Cost of funding earning assets
  • 3.29%Net interest margin
  • 0.97%Noninterest income to earning assets
  • 5.73%Noninterest expense to earning assets
  • -2.25%Net operating income to assets
  • -2.12%Return on assets (ROA)
  • -2.12%Pretax return on assets
  • -127.20%Return on equity (ROE)
  • -127.20%Retained earnings to average equity (YTD only)
  • 0.74%Net charge-offs to loans
  • 203.17%Credit loss provision to net charge-offs
  • -2.33%Efficiency ratio
  • 134,384Assets per employee
  • 3.32%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.13%Loss allowance to noncurrent loans
  • 29.38%Noncurrent assets plus other real estate owned to assets
  • 13.82%Noncurrent loans to loans
  • 17.45%Net loans and leases to deposits
  • 66.09%Net loans and leases to core deposits
  • 67.78%Equity capital to assets
  • 0.39%Core capital (leverage) ratio
  • 0.35%Tier 1 risk-based capital ratio
  • 0.45%Total risk-based capital ratio
  • Memoranda
  • $1Average assets
  • $274,925Average earning assets
  • $4,589Average equity
  • $225,281Average loans

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