Cleveland Bank and Trust Company in Cleveland, Tennessee (TN)



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Cleveland Bank and Trust Company
GeneralFDIC Certificate #: 1691
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Tennessee Bank, National Association (#4977)
Federal Reserve ID: 696131
Date Established: January 01, 1906
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 6 (Interstate: No)
FDIC's unique #: 1113
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 23, 2001
Last Structure Change Process Date: March 28, 2001
Last Data Update: March 28, 2001
Data Source Date: April 05, 2012
LocationAddress: 775 Raider Drive, 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)
Financial SummaryTotal assets: $265.8 mil

1992 - 1999 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, 2000)
(Dollar figures in thousands)
Total employees (full-time equivalent)108
Total assets$265,827
Cash and due from depository institutions$11,178
Interest-bearing balances$0
Securities$79,644
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$167,382
Loan loss allowance $2,925
Trading account assets$0
Bank premises and fixed assets$4,360
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$3,263
Life insurance assets$0
Total liabilities and capital$265,827
Total liabilities$245,423
Total deposits$231,140
Interest-bearing deposits$199,178
Deposits held in domestic offices$231,140
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $11,500
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $2,783
Total equity capital$20,404
Total bank equity capital$20,404
Perpetual preferred stock$20,404
Common stock$0
Surplus$1,000
Undivided profits $1,000
Memoranda
Noncurrent loans and leases $18,404
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $35,532
Income earned, not collected on loans $0
Earning assets $129
Long-term assets (5+ years) $0
Average Assets, year-to-date $916
Average Assets, quarterly $247,026
Volatile liabilities $71,909
Insider loans $268,317
FHLB advances $266,507
Loans and leases held for sale $44,128
Unused loan commitments $2,507
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $321
Total unused commitments $35,532
Restructured Loans and leases $0
Derivatives$2,242
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Income and Expense (December 31, 2000)
(Dollar figures in thousands)
Total interest income $20,305
Total interest expense $9,759
Net interest income $10,546
Provision for loan and lease losses -$230
Total noninterest income $3,519
Fiduciary activities $699
Service charges on deposit accounts $2,032
Trading account gains & fees $0
Additional noninterest income $788
Total noninterest expense $7,306
Salaries and employee benefits $4,383
Premises and equipment expense $1,028
Additional noninterest expense $1,895
Pre-tax net operating income $6,989
Securities gains (losses) $8
Applicable income taxes $2,550
Income before extraordinary items $4,447
Extraordinary gains - net $0
Net income attributable to bank $4,447
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $217
Net operating income $3,850
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Performance and Condition Ratios (December 31, 2000)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets8.11%
Cost of funding earning assets 3.90%
Net interest margin 4.21%
Noninterest income to earning assets 1.41%
Noninterest expense to earning assets 2.92%
Net operating income to assets 1.66%
Return on assets (ROA) 1.66%
Pretax return on assets 2.61%
Return on equity (ROE) 22.78%
Retained earnings to average equity (YTD only) 3.06%
Net charge-offs to loans 0.13%
Credit loss provision to net charge-offs -105.99%
Efficiency ratio31.15%
Assets per employee$51,945
Cash dividends to net income (YTD only)2.46%
Condition Ratios (%)
Loss allowance to loans 86.58%
Loss allowance to noncurrent loans 1.72%
Noncurrent assets plus other real estate owned to assets 2267.44%
Noncurrent loans to loans 0.05%
Net loans and leases to deposits0.08%
Net loans and leases to core deposits 72.42%
Equity capital to assets 84.32%
Core capital (leverage) ratio 7.68%
Tier 1 risk-based capital ratio 7.71%
Total risk-based capital ratio 11.48%
Memoranda
Average assets$13
Average earning assets$268,317
Average equity $19,522
Average loans $250,226
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