Citizens National Bank in Sevierville, Tennessee (TN)
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| Citizens National Bank | |
|---|---|
| General | FDIC Certificate #: 20954 Status: Active Federal Reserve ID: 717737 Bank Holding Company (Regulatory Top Holder): Cnb Bancshares, Inc. (RSSDID: 1086270, Location: Sevierville, TN) Date Established: Febuary 05, 1973 WWW: http://www.cnbtn.com Trust Powers Granted: No Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 18 (Domestic: 18, Interstate: No) OTS Docket #: 10476 FDIC's unique #: 14470 Numeric code: 3 Regulator: OCC 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: No Subchapter S Corporations: Yes Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: Febuary 05, 1973 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: 200 Forks Of River Parkway, Sevierville, TN 37862 County: Sevier 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): Sevierville, TN (#42940) CBSA Micro Statistical Area: Yes |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $859.8 mil Equity capital: $83.0 mil Deposits held in domestic offices: $676.2 mil Return on assets (ROA): 1.16% ($10.0 mil) Quarterly return on assets: 1.34% ($11.5 mil) Return on Equity (ROE): 12.61% ($10.5 mil) Quarterly return on equity: 13.79% ($11.4 mil) Net income: $9.8 mil Quarterly Net income: $2.8 mil Pretax return on assets: 1.23% ($10,575.9 mil) Quarterly Pretax return on assets: 1.43% ($12,295.5 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 199 |
| Total assets | $859,826 |
| Cash and due from depository institutions | $78,006 |
| Interest-bearing balances | $58,553 |
| Securities | $132,053 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $576,049 |
| Loan loss allowance | $9,323 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $13,574 |
| Other real estate owned | $23,380 |
| Goodwill and other intangibles | $0 |
| All other assets | $36,764 |
| Life insurance assets | $859,826 |
| Total liabilities and capital | $776,857 |
| Total liabilities | $676,219 |
| Total deposits | $613,268 |
| Interest-bearing deposits | $676,219 |
| Deposits held in domestic offices | $81 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $91,607 |
| Other borrowed funds | $0 |
| Subordinated debt | $9,031 |
| All other liabilities | $82,969 |
| Total equity capital | $82,969 |
| Total bank equity capital | $82,969 |
| Perpetual preferred stock | $0 |
| Common stock | $700 |
| Surplus | $23,100 |
| Undivided profits | $59,169 |
| Memoranda | |
| 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 | $2,755 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $2,958 |
| Average Assets, year-to-date | $766,655 |
| Average Assets, quarterly | $166,905 |
| Volatile liabilities | $847,397 |
| Insider loans | $843,863 |
| FHLB advances | $620,100 |
| Loans and leases held for sale | $831,804 |
| Unused loan commitments | $14,967 |
| Tier 1 (core) risk-based capital | $9,226 |
| Tier 2 risk-based capital | $80,537 |
| Total risk weighted assets | $0 |
| Total unused commitments | $5,741 |
| Restructured Loans and leases | $58,954 |
| Derivatives | $14,801 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $37,973 |
| Total interest expense | $11,963 |
| Net interest income | $26,010 |
| Provision for loan and lease losses | $1,207 |
| Total noninterest income | $4,472 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $2,304 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $2,168 |
| Total noninterest expense | $20,032 |
| Salaries and employee benefits | $10,127 |
| Premises and equipment expense | $3,466 |
| Additional noninterest expense | $6,439 |
| Pre-tax net operating income | $9,243 |
| Securities gains (losses) | $1,211 |
| Applicable income taxes | $607 |
| Income before extraordinary items | $9,847 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $9,847 |
| Net charge-offs | $0 |
| Cash dividends | $9,847 |
| Sale, conversion, retirement of capital stock, net | $894 |
| Net operating income | $4,389 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.00% |
| Cost of funding earning assets | 1.57% |
| Net interest margin | 3.42% |
| Noninterest income to earning assets | 0.59% |
| Noninterest expense to earning assets | 2.64% |
| Net operating income to assets | 1.03% |
| Return on assets (ROA) | 1.16% |
| Pretax return on assets | 1.23% |
| Return on equity (ROE) | 12.61% |
| Retained earnings to average equity (YTD only) | 6.99% |
| Net charge-offs to loans | 0.15% |
| Credit loss provision to net charge-offs | 135.01% |
| Efficiency ratio | 11.69% |
| Assets per employee | $65,717 |
| Cash dividends to net income (YTD only) | 4.32% |
| Condition Ratios (%) | |
| Loss allowance to loans | 44.57% |
| Loss allowance to noncurrent loans | 1.59% |
| Noncurrent assets plus other real estate owned to assets | 338.40% |
| Noncurrent loans to loans | 3.04% |
| Net loans and leases to deposits | 0.47% |
| Net loans and leases to core deposits | 85.19% |
| Equity capital to assets | 98.06% |
| Core capital (leverage) ratio | 9.65% |
| Tier 1 risk-based capital ratio | 9.68% |
| Total risk-based capital ratio | 12.99% |
| Memoranda | |
| Average assets | $14 |
| Average earning assets | $847,397 |
| Average equity | $78,108 |
| Average loans | $759,694 |
| 18 Tennessee Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 14470 | Citizens National Bank | 200 Forks Of River Parkway, Sevierville, TN 37862 | Febuary 05, 1973 | Full Service Brick and Mortar |  |
| 1 | 251939 | Pigeon Forge Branch | 2661 Parkway, Pigeon Forge, TN 37863 | September 30, 1974 | Full Service Brick and Mortar |  |
| 2 | 251940 | Kodak Branch | 3014 Winfield Dunn Parkway, Kodak, TN 37764 | November 15, 1976 | Full Service Brick and Mortar | |
| 3 | 251941 | Dolly Parton Parkway Branch | 801 Dolly Parton Parkway, Sevierville, TN 37862 | Febuary 22, 1983 | Full Service Brick and Mortar | |
| 4 | 251942 | Gatlinburg Branch | 906 E Pkwy, Gatlinburg, TN 37738 | December 30, 1985 | Full Service Brick and Mortar | |
| 5 | 232182 | Seymour Office Branch | 10225 S Chapman Hwy, Seymour, TN 37865 | December 16, 1968 | Full Service Brick and Mortar | |
| 6 | 251943 | Walmart Supercenter Branch | 1414 Parkway, Sevierville, TN 37862 | September 11, 1995 | Full Service Retail | |
| 7 | 259961 | Pigeon Forge Branch | 220 Wears Valley Road, Pigeon Forge, TN 37863 | October 29, 1995 | Full Service Retail | |
| 9 | 259989 | Seymour Kroger Branch | 10721 Chapman Highway, Seymour, TN 37865 | October 31, 1997 | Full Service Retail | |
| 10 | 357845 | Downtown Gatlinburg Branch | 110 Cherokee Orchard Rd, Gatlinburg, TN 37738 | June 28, 2000 | Full Service Brick and Mortar | |
| 11 | 364372 | Sevierville Kroger Branch | 702 Winfield Dunn Pkwy, Sevierville, TN 37862 | December 14, 2001 | Full Service Retail | |
| 13 | 424207 | Sevierville Food City Branch | 741 Dolly Parton Parkway, Sevierville, TN 37862 | October 29, 2003 | Full Service Retail | |
| 14 | 427188 | South Knoxville Walmart Branch | 7420 Chapman Highway, Knoxville, TN 37920 | March 17, 2004 | Full Service Retail | |
| 16 | 439759 | Dandridge Branch | 720 South Highway 92, Dandridge, TN 37725 | January 31, 2005 | Full Service Brick and Mortar | |
| 18 | 446939 | Jefferson City Branch | 1507 O'dell Ave, Jefferson City, TN 37760 | December 16, 2005 | Full Service Retail | |
| 19 | 466501 | Strawberry Plains Branch | 813 Huckleberry Lane, Knoxville, TN 37924 | June 11, 2007 | Full Service Brick and Mortar | |
| 20 | 476652 | Kodak Food City Branch | 2946 Winfield Dunn Parkway, Kodak, TN 37764 | Febuary 20, 2008 | Full Service Retail | |
| 22 | 479856 | White Pine Branch | 2002 Walnut Street, White Pine, TN 37890 | March 31, 2008 | Full Service Brick and Mortar | |
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