First Bank of East Tennessee, National Association in La Follette, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 09, 1999

  • First Bank of East Tennessee, National Association in La Follette, Tennessee (TN)
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First Bank of East Tennessee, National Association - Overview

  • General
  • FDIC Certificate #: 29054
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Union Planters Bank, National Association (#4979)
    Federal Reserve ID: 951773
    Date Established: July 01, 1934
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Interstate: No)
    OTS Docket #: 2836
    FDIC's unique #: 41888
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    SAIF Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: June 19, 1935
    Last Structure Change Effective Date: July 09, 1999
    Last Structure Change Process Date: July 20, 1999
    Last Data Update: July 20, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 2421 Jacksboro Pike, La Follette, TN 37766
    County: Campbell
    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): La Follette, TN (#29220)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $85.1 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, 1998)

  • Dollar figures in thousands
  • 27Total employees (full-time equivalent)
  • $90,360Total assets
  • $2,507Cash and due from depository institutions
  • $1,118Interest-bearing balances
  • $11,495Securities
  • $3,012Federal funds sold & reverse repurchase agreements
  • $62,504Net loans & leases
  • $1,358Loan loss allowance
  • $0Trading account assets
  • $3,868Bank premises and fixed assets
  • $61Other real estate owned
  • $5,316Goodwill and other intangibles
  • $0Life insurance assets
  • $1,597All other assets
  • $90,360Total liabilities and capital
  • $76,650Total liabilities
  • $74,112Total deposits
  • $69,162Interest-bearing deposits
  • $74,112Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $1,500Other borrowed funds
  • $0Subordinated debt
  • $1,038All other liabilities
  • $13,710Total equity capital
  • $13,710Total bank equity capital
  • $13,710Perpetual preferred stock
  • $0Common stock
  • $322Surplus
  • $13,368Undivided profits
  • Memoranda
  • $20Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $515Earning assets
  • $0Long-term assets (5+ years)
  • $536Average Assets, year-to-date
  • $78,129Average Assets, quarterly
  • $10,764Volatile liabilities
  • $92,921Insider loans
  • $91,431FHLB advances
  • $13,272Loans and leases held for sale
  • $473Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $8,974Total unused commitments
  • $0Restructured Loans and leases
  • $62,033Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $7,159Total interest income
  • $3,617Total interest expense
  • $3,542Net interest income
  • $1,857Provision for loan and lease losses
  • $247Total noninterest income
  • $0Fiduciary activities
  • $153Service charges on deposit accounts
  • $0Trading account gains & fees
  • $94Additional noninterest income
  • $3,345Total noninterest expense
  • $1,025Salaries and employee benefits
  • $380Premises and equipment expense
  • $1,940Additional noninterest expense
  • -$1,413Pre-tax net operating income
  • $0Securities gains (losses)
  • -$1,256Applicable income taxes
  • -$157Income before extraordinary items
  • $0Extraordinary gains - net
  • -$157Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,236Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.95%Yield on earning assets
  • 4.52%Cost of funding earning assets
  • 4.43%Net interest margin
  • 0.31%Noninterest income to earning assets
  • 4.18%Noninterest expense to earning assets
  • -0.17%Net operating income to assets
  • -0.17%Return on assets (ROA)
  • -1.52%Pretax return on assets
  • -1.12%Return on equity (ROE)
  • -1.12%Retained earnings to average equity (YTD only)
  • 1.88%Net charge-offs to loans
  • 150.24%Credit loss provision to net charge-offs
  • 0.36%Efficiency ratio
  • 82,317Assets per employee
  • 3.35%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.13%Loss allowance to noncurrent loans
  • 263.69%Noncurrent assets plus other real estate owned to assets
  • 0.64%Noncurrent loans to loans
  • 0.81%Net loans and leases to deposits
  • 84.34%Net loans and leases to core deposits
  • 100.26%Equity capital to assets
  • 15.17%Core capital (leverage) ratio
  • 9.54%Tier 1 risk-based capital ratio
  • 13.37%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $92,921Average earning assets
  • $14,032Average equity
  • $80,032Average loans

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