Commercial Bank in Harrogate, Tennessee (TN), KY
Overview, Financial Summary, Detailed Financial Reports, Branches

Commercial Bank - Overview

  • General
  • FDIC Certificate #: 22354
    Status: Active
    Federal Reserve ID: 497039
    Bank Holding Company (Regulatory Top Holder): Unified Shares, Llc (RSSDID: 3793219, Location: Harrogate, TN)
    Date Established: November 01, 1976
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 20 (Domestic: 20, Interstate: Yes)
    OTS Docket #: 11527
    FDIC's unique #: 15561
    Numeric code: 13
    Regulator: FED
    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: November 01, 1976
    Last Structure Change Effective Date: September 06, 2008
    Last Structure Change Process Date: September 25, 2008
    Last Data Update: September 25, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 6710 Cumberland Gap Parkway, Harrogate, TN 37752
    County: Claiborne
    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 Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $807.9 mil
    Equity capital: $88.5 mil
    Deposits held in domestic offices: $626.4 mil
    Return on assets (ROA): 0.12% ($1.0 mil)
    Quarterly return on assets: 0.00% ($0.0 mil)
    Return on Equity (ROE): 1.10% ($1.0 mil)
    Quarterly return on equity: -0.01% (-$0.0 mil)
    Net income: $1.0 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: 0.07% ($565.6 mil)
    Quarterly Pretax return on assets: -0.11% (-$888.7 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
  • 213Total employees (full-time equivalent)
  • $807,948Total assets
  • $31,577Cash and due from depository institutions
  • $23,306Interest-bearing balances
  • $135,139Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $549,902Net loans & leases
  • $10,244Loan loss allowance
  • $2,979Trading account assets
  • $25,803Bank premises and fixed assets
  • $21,928Other real estate owned
  • $17,080Goodwill and other intangibles
  • $807,948Life insurance assets
  • $23,540All other assets
  • $719,487Total liabilities and capital
  • $626,436Total liabilities
  • $547,954Total deposits
  • $626,436Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 17903.00%% insured (estimated)
  • $2,979Federal funds purchased & repurchase agreements
  • $67,666Trading liabilities
  • $0Other borrowed funds
  • $4,503Subordinated debt
  • $88,461All other liabilities
  • $88,461Total equity capital
  • $88,461Total bank equity capital
  • $0Perpetual preferred stock
  • $760Common stock
  • $55,118Surplus
  • $32,583Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $738Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $37,336Income earned, not collected on loans
  • $1,568Earning assets
  • $1,819Long-term assets (5+ years)
  • $708,347Average Assets, year-to-date
  • $172,804Average Assets, quarterly
  • $829,979Volatile liabilities
  • $824,321Insider loans
  • $546,119FHLB advances
  • $803,508Loans and leases held for sale
  • $13,666Unused loan commitments
  • $9,761Tier 1 (core) risk-based capital
  • $68,340Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,905Total unused commitments
  • $48,177Restructured Loans and leases
  • $35,148Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $35,227Total interest income
  • $9,299Total interest expense
  • $25,928Net interest income
  • $7,282Provision for loan and lease losses
  • $4,472Total noninterest income
  • $0Fiduciary activities
  • $2,050Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,422Additional noninterest income
  • $22,647Total noninterest expense
  • $10,047Salaries and employee benefits
  • $3,246Premises and equipment expense
  • $9,354Additional noninterest expense
  • $471Pre-tax net operating income
  • $123Securities gains (losses)
  • -$369Applicable income taxes
  • $963Income before extraordinary items
  • $0Extraordinary gains - net
  • $963Net income attributable to bank
  • $0Net charge-offs
  • $963Cash dividends
  • $8,038Sale, conversion, retirement of capital stock, net
  • $1,090Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.85%Yield on earning assets
  • 1.28%Cost of funding earning assets
  • 3.57%Net interest margin
  • 0.62%Noninterest income to earning assets
  • 3.12%Noninterest expense to earning assets
  • 0.10%Net operating income to assets
  • 0.12%Return on assets (ROA)
  • 0.07%Pretax return on assets
  • 1.10%Return on equity (ROE)
  • -0.15%Retained earnings to average equity (YTD only)
  • 1.39%Net charge-offs to loans
  • 90.59%Credit loss provision to net charge-offs
  • 0.96%Efficiency ratio
  • 73,533Assets per employee
  • 3.79%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 113.19%Loss allowance to loans
  • 1.83%Loss allowance to noncurrent loans
  • 27.44%Noncurrent assets plus other real estate owned to assets
  • 7.34%Noncurrent loans to loans
  • 6.67%Net loans and leases to deposits
  • 87.78%Net loans and leases to core deposits
  • 107.75%Equity capital to assets
  • 10.95%Core capital (leverage) ratio
  • 8.51%Tier 1 risk-based capital ratio
  • 12.51%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $829,979Average earning assets
  • $87,312Average equity
  • $726,431Average loans

List of branches

  • 10 Kentucky Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    841660Middlesboro Federal Bank, Fsb Branch1431 Cumberland Avenue, Middlesboro, KY 40965January 01, 1915Full Service Brick and Mortar
    9270867Main Street Branch1701 East Main Street, Cumberland, KY 40823January 01, 1915Full Service Brick and Mortar
    10270869Pineville Branch314 Pine Street, Pineville, KY 40977Febuary 21, 1997Limited Service Facility
    13447392Harlan Branch2320 South U.S. Highway 421, Harlan, KY 40831November 29, 2005Full Service Brick and Mortar
    14479183Pineville Branch #2 Branch535 W. Tennessee Ave., Pineville, KY 40977December 01, 2006Full Service Brick and Mortar
    157648Barbourville-North Main Street Branc202 North Main Street, Barbourville, KY 40906January 01, 1934Full Service Brick and Mortar
    16226145Auto Bank Branch312 Knox Street, Barbourville, KY 40906October 29, 1962Limited Service Facility
    17226146Union Plaza Branch603 Knox Street, Barbourville, KY 40906September 20, 1976Full Service Brick and Mortar
    18226147Cumberland Parkway Branch1149 South Us 25 E, Barbourville, KY 40906December 01, 1988Full Service Brick and Mortar
    19226149Corbin Banking Center Branch14434 N Us 25 E, Corbin, KY 40701July 25, 1994Full Service Brick and Mortar
  • 10 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    015561Commercial Bank6710 Cumberland Gap Parkway, Harrogate, TN 37752November 01, 1976Full Service Brick and Mortar
    1254432Speedwell Branch7675 Highway #63, Speedwell, TN 37870January 08, 1979Full Service Brick and Mortar
    2254433Tazewell-New Tazewell Branch1001 North Broad Street, New Tazewell, TN 37825November 08, 1982Full Service Brick and Mortar
    4239578Luttrell Branch111 Tazewell Pike, Luttrell, TN 37779November 22, 1972Full Service Brick and Mortar
    5239579Highway 33 Branch2600 Maynardville Highway, Maynardville, TN 37807Febuary 25, 1974Full Service Brick and Mortar
    6254434Halls Branch7400 Maynardville Highway, Knoxville, TN 37938May 01, 1995Full Service Brick and Mortar
    7254435Powell Branch420 East Emory Road, Powell, TN 37849May 01, 1998Full Service Brick and Mortar
    113564885320 North Broadway Street Branch5320 North Broadway Street, Knoxville, TN 37902October 28, 1998Full Service Brick and Mortar
    12365132West Knoxville Branch10413 Kingston Pike, Knoxville, TN 37922April 27, 2002Full Service Brick and Mortar
    20495490Kingsport East Stone Drive Branch1072 East Stone Drive, Kingsport, TN 37660August 03, 2009Full Service Brick and Mortar

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