Citizens Bank and Trust Company of Grainger County in Rutledge, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Citizens Bank and Trust Company of Grainger County - Overview

  • General
  • FDIC Certificate #: 10317
    Status: Active
    Federal Reserve ID: 715630
    Bank Holding Company (Regulatory Top Holder): Citizens Of Grainger County Corporation (RSSDID: 1085992, Location: Rutledge, TN)
    Date Established: November 01, 1919
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 13067
    FDIC's unique #: 6608
    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: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: June 14, 2010
    Last Data Update: June 14, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 8335 Rutledge Pike, Rutledge, TN 37861
    County: Grainger
    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): Knoxville-Sevierville-La Follette, TN (#314)
    Core Based Statistical Area (CBSA): Morristown, TN (#34100)
    CBSA Metro Statistical Area: Morristown, TN (#34100)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
    Change in Location
  • Financial Summary
  • Total assets: $181.4 mil
    Equity capital: $31.4 mil
    Deposits held in domestic offices: $148.7 mil
    Return on assets (ROA): 1.26% ($2.3 mil)
    Quarterly return on assets: 1.15% ($2.1 mil)
    Return on Equity (ROE): 7.23% ($2.2 mil)
    Quarterly return on equity: 6.54% ($2.0 mil)
    Net income: $2.2 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 1.57% ($2,848.2 mil)
    Quarterly Pretax return on assets: 1.21% ($2,195.1 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
  • 52Total employees (full-time equivalent)
  • $181,414Total assets
  • $8,455Cash and due from depository institutions
  • $1,179Interest-bearing balances
  • $92,277Securities
  • $1,540Federal funds sold & reverse repurchase agreements
  • $67,705Net loans & leases
  • $1,195Loan loss allowance
  • $0Trading account assets
  • $3,750Bank premises and fixed assets
  • $1,198Other real estate owned
  • $0Goodwill and other intangibles
  • $181,414Life insurance assets
  • $6,489All other assets
  • $150,053Total liabilities and capital
  • $148,694Total liabilities
  • $117,685Total deposits
  • $148,694Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $300Trading liabilities
  • $0Other borrowed funds
  • $1,059Subordinated debt
  • $31,361All other liabilities
  • $31,361Total equity capital
  • $31,361Total bank equity capital
  • $0Perpetual preferred stock
  • $400Common stock
  • $400Surplus
  • $30,561Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,955Income earned, not collected on loans
  • $0Earning assets
  • $1,222Long-term assets (5+ years)
  • $162,701Average Assets, year-to-date
  • $85,999Average Assets, quarterly
  • $176,893Volatile liabilities
  • $179,632Insider loans
  • $90,825FHLB advances
  • $177,087Loans and leases held for sale
  • $3,686Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $30,181Tier 2 risk-based capital
  • $3,686Total risk weighted assets
  • $0Total unused commitments
  • $5,331Restructured Loans and leases
  • $498Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,888Total interest income
  • $1,104Total interest expense
  • $6,784Net interest income
  • $190Provision for loan and lease losses
  • $1,034Total noninterest income
  • $0Fiduciary activities
  • $556Service charges on deposit accounts
  • $0Trading account gains & fees
  • $478Additional noninterest income
  • $4,920Total noninterest expense
  • $2,828Salaries and employee benefits
  • $493Premises and equipment expense
  • $1,599Additional noninterest expense
  • $2,708Pre-tax net operating income
  • $67Securities gains (losses)
  • $551Applicable income taxes
  • $2,224Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,224Net income attributable to bank
  • $0Net charge-offs
  • $2,224Cash dividends
  • $115Sale, conversion, retirement of capital stock, net
  • $860Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.97%Yield on earning assets
  • 0.70%Cost of funding earning assets
  • 4.27%Net interest margin
  • 0.65%Noninterest income to earning assets
  • 3.10%Noninterest expense to earning assets
  • 1.23%Net operating income to assets
  • 1.26%Return on assets (ROA)
  • 1.57%Pretax return on assets
  • 7.23%Return on equity (ROE)
  • 4.43%Retained earnings to average equity (YTD only)
  • 0.16%Net charge-offs to loans
  • 165.22%Credit loss provision to net charge-offs
  • 25.20%Efficiency ratio
  • 62,932Assets per employee
  • 3.49%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 38.67%Loss allowance to loans
  • 1.73%Loss allowance to noncurrent loans
  • 61.13%Noncurrent assets plus other real estate owned to assets
  • 1.74%Noncurrent loans to loans
  • 2.84%Net loans and leases to deposits
  • 45.53%Net loans and leases to core deposits
  • 50.51%Equity capital to assets
  • 17.29%Core capital (leverage) ratio
  • 17.04%Tier 1 risk-based capital ratio
  • 33.23%Total risk-based capital ratio
  • Memoranda
  • $34Average assets
  • $176,893Average earning assets
  • $30,759Average equity
  • $158,770Average loans

List of branches

  • 5 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06608Citizens Bank And Trust Company Of G8335 Rutledge Pike, Rutledge, TN 37861November 01, 1919Full Service Brick and Mortar
    1222264Bean Station Branch1131 Hwy 11w, Bean Station, TN 37708September 13, 1967Full Service Brick and Mortar
    2222265Blaine Branch880 Rutledge Pike, Blaine, TN 37709August 24, 1972Full Service Brick and Mortar
    3222266Liberty Hill Branch125 Washburn Road, Washburn, TN 37888October 17, 1988Full Service Brick and Mortar
    4340779Cherokee Branch6680 Hwy 92, Rutledge, TN 37861April 17, 2000Full Service Brick and Mortar

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