Cherokee Valley Federal Savings Association in Cleveland, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 23, 1994

  • Cherokee Valley Federal Savings Association in Cleveland, Tennessee (TN)
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Cherokee Valley Federal Savings Association - Overview

  • General
  • FDIC Certificate #: 33612
    Status: Inactive
    Closing history: Office Sold
    Acquiring institution: Union Planters Bank of Chattanooga, National Association (#33917)
    Federal Reserve ID: 893770
    Date Established: June 12, 1992
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 10028
    FDIC's unique #: 47666
    Numeric code: 38
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: June 12, 1992
    Last Structure Change Effective Date: September 23, 1994
    Last Structure Change Process Date: October 04, 1994
    Last Data Update: October 04, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 650 25th Street, Cleveland, TN 37311
    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
  • Pass Through Receivership Merger
    Conservatorship Institution Resolved
    Corrections
    Office Sold
  • Financial Summary
  • Total assets: $74.2 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $59Total assets
  • $80,244Cash and due from depository institutions
  • $7,459Interest-bearing balances
  • $4,369Securities
  • $14,181Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $48,809Loan loss allowance
  • $833Trading account assets
  • $0Bank premises and fixed assets
  • $8,000Other real estate owned
  • $55Goodwill and other intangibles
  • $1,740Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $80,244Total liabilities
  • $79,041Total deposits
  • $78,335Interest-bearing deposits
  • $78,335Deposits held in domestic offices
  • 78335.00%% insured (estimated)
  • $100Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $706Total equity capital
  • $706Total bank equity capital
  • $1,203Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $1,203Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $395Income earned, not collected on loans
  • $299Earning assets
  • $67,359Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $86,118Average Assets, quarterly
  • $81,018Volatile liabilities
  • $1,083Insider loans
  • $97FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $432Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,112Total risk weighted assets
  • $46,833Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $5,663Total interest expense
  • $3,172Net interest income
  • $2,491Provision for loan and lease losses
  • -$162Total noninterest income
  • $1,461Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $1,461Total noninterest expense
  • $3,947Salaries and employee benefits
  • $1,298Premises and equipment expense
  • $804Additional noninterest expense
  • $1,845Pre-tax net operating income
  • $167Securities gains (losses)
  • $0Applicable income taxes
  • $0Income before extraordinary items
  • $167Extraordinary gains - net
  • $0Net income attributable to bank
  • $167Net charge-offs
  • $356Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.05%Cost of funding earning assets
  • 4.51%Net interest margin
  • 3.54%Noninterest income to earning assets
  • 2.08%Noninterest expense to earning assets
  • 5.61%Net operating income to assets
  • 0.19%Return on assets (ROA)
  • 0.19%Pretax return on assets
  • 0.19%Return on equity (ROE)
  • 14.15%Retained earnings to average equity (YTD only)
  • 14.15%Net charge-offs to loans
  • 0.57%Credit loss provision to net charge-offs
  • -45.51%Efficiency ratio
  • 99,873Assets per employee
  • 1.36%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.68%Loss allowance to noncurrent loans
  • 210.89%Noncurrent assets plus other real estate owned to assets
  • 0.56%Noncurrent loans to loans
  • 0.80%Net loans and leases to deposits
  • 62.31%Net loans and leases to core deposits
  • 63.18%Equity capital to assets
  • 1.50%Core capital (leverage) ratio
  • 1.39%Tier 1 risk-based capital ratio
  • 2.37%Total risk-based capital ratio
  • Memoranda
  • $4Average assets
  • $86,118Average earning assets
  • $1,180Average equity
  • $70,337Average loans

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