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Table of contents:
GeneralFDIC Certificate #: 57111
Status: Active
Federal Reserve ID: 2994493
Bank Holding Company (Regulatory Top Holder): Educational Services Of America, Inc. (RSSDID: 3808131, Location: Knoxville, TN)
Date Established: Febuary 23, 2001
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
FDIC's unique #: 357938
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: Febuary 23, 2001
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
LocationAddress: 416 East Central Avenue, Jamestown, TN 38556
County: Fentress
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
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $164.8 mil
Equity capital: $16.8 mil
Deposits held in domestic offices: $146.0 mil
Return on assets (ROA): 1.05% ($1.7 mil)
Quarterly return on assets: 0.86% ($1.4 mil)
Return on Equity (ROE): 9.01% ($1.5 mil)
Quarterly return on equity: 7.90% ($1.3 mil)
Net income: $1.4 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 1.24% ($2,043.8 mil)
Quarterly Pretax return on assets: 1.55% ($2,554.7 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)46
Total assets$164,821
Cash and due from depository institutions$5,995
Interest-bearing balances$1,920
Federal funds sold & reverse repurchase agreements$555
Net loans & leases$133,790
Loan loss allowance $1,689
Trading account assets$0
Bank premises and fixed assets$3,893
Other real estate owned$1,419
Goodwill and other intangibles$1,019
All other assets$4,355
Life insurance assets$164,821
Total liabilities and capital$148,060
Total liabilities$146,014
Total deposits$130,258
Interest-bearing deposits$146,014
Deposits held in domestic offices$97
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$120
Other borrowed funds $0
Subordinated debt $1,926
All other liabilities $16,761
Total equity capital$16,761
Total bank equity capital$16,761
Perpetual preferred stock$0
Common stock$4,073
Undivided profits $-8,242
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 $2,277
Earning assets $261
Long-term assets (5+ years) $1,523
Average Assets, year-to-date $150,060
Average Assets, quarterly $9,338
Volatile liabilities $137,707
Insider loans $153,859
FHLB advances $90,380
Loans and leases held for sale $156,555
Unused loan commitments $2,322
Tier 1 (core) risk-based capital $1,106
Tier 2 risk-based capital $15,419
Total risk weighted assets $1,216
Total unused commitments $0
Restructured Loans and leases $7,904
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $8,102
Total interest expense $1,327
Net interest income $6,775
Provision for loan and lease losses $73
Total noninterest income $622
Fiduciary activities $0
Service charges on deposit accounts $504
Trading account gains & fees $0
Additional noninterest income $118
Total noninterest expense $5,693
Salaries and employee benefits $2,455
Premises and equipment expense $663
Additional noninterest expense $2,575
Pre-tax net operating income $1,631
Securities gains (losses) $81
Applicable income taxes $268
Income before extraordinary items $1,444
Extraordinary gains - net $0
Net income attributable to bank $1,444
Net charge-offs $0
Cash dividends $1,444
Sale, conversion, retirement of capital stock, net $450
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 assets6.56%
Cost of funding earning assets 1.08%
Net interest margin 5.49%
Noninterest income to earning assets 0.50%
Noninterest expense to earning assets 4.61%
Net operating income to assets 1.00%
Return on assets (ROA) 1.05%
Pretax return on assets 1.24%
Return on equity (ROE) 9.01%
Retained earnings to average equity (YTD only) 9.01%
Net charge-offs to loans 0.43%
Credit loss provision to net charge-offs 16.22%
Efficiency ratio3.79%
Assets per employee$73,530
Cash dividends to net income (YTD only)3.58%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.25%
Noncurrent assets plus other real estate owned to assets 74.18%
Noncurrent loans to loans 2.24%
Net loans and leases to deposits1.68%
Net loans and leases to core deposits 91.63%
Equity capital to assets 100.55%
Core capital (leverage) ratio 10.17%
Tier 1 risk-based capital ratio 9.85%
Total risk-based capital ratio 17.06%
Average assets$18
Average earning assets$137,707
Average equity $16,032
Average loans $123,435
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3 Tennessee Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0357938Community Bank Of The Cumberlands416 East Central Avenue, Jamestown, TN 38556Febuary 23, 2001Full Service Brick and Mortar
1359315Cookeville Branch744 South Willow Avenue, Cookeville, TN 38501Febuary 23, 2001Full Service Brick and Mortar
2453836North Cookeville Branch1065 East Tenth Street, Cookeville, TN 38501Febuary 13, 2006Full Service Brick and Mortar
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