First Bank of Tennessee in Spring City, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Bank of Tennessee - Overview

  • General
  • FDIC Certificate #: 10693
    Status: Active
    Federal Reserve ID: 724230
    Date Established: January 01, 1890
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 15815
    FDIC's unique #: 6860
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    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: 369 Front Street, Spring City, TN 37381
    County: Rhea
    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
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $226.4 mil
    Equity capital: $22.5 mil
    Deposits held in domestic offices: $198.6 mil
    Return on assets (ROA): 1.31% ($3.0 mil)
    Quarterly return on assets: 1.18% ($2.7 mil)
    Return on Equity (ROE): 13.77% ($3.2 mil)
    Quarterly return on equity: 12.05% ($2.8 mil)
    Net income: $3.0 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 1.41% ($3,192.8 mil)
    Quarterly Pretax return on assets: 1.25% ($2,830.5 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
  • 68Total employees (full-time equivalent)
  • $226,443Total assets
  • $8,127Cash and due from depository institutions
  • $2,195Interest-bearing balances
  • $18,182Securities
  • $700Federal funds sold & reverse repurchase agreements
  • $185,333Net loans & leases
  • $2,816Loan loss allowance
  • $0Trading account assets
  • $3,186Bank premises and fixed assets
  • $4,204Other real estate owned
  • $0Goodwill and other intangibles
  • $226,443Life insurance assets
  • $6,711All other assets
  • $203,894Total liabilities and capital
  • $198,604Total liabilities
  • $168,492Total deposits
  • $198,604Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 333.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,212Trading liabilities
  • $0Other borrowed funds
  • $1,745Subordinated debt
  • $22,549All other liabilities
  • $22,549Total equity capital
  • $22,549Total bank equity capital
  • $0Perpetual preferred stock
  • $915Common stock
  • $915Surplus
  • $20,719Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,602Income earned, not collected on loans
  • $0Earning assets
  • $906Long-term assets (5+ years)
  • $206,410Average Assets, year-to-date
  • $81,508Average Assets, quarterly
  • $225,525Volatile liabilities
  • $228,042Insider loans
  • $169,996FHLB advances
  • $228,267Loans and leases held for sale
  • $3,204Unused loan commitments
  • $1,603Tier 1 (core) risk-based capital
  • $22,009Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,601Total unused commitments
  • $14,094Restructured Loans and leases
  • $2,977Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,565Total interest income
  • $2,008Total interest expense
  • $10,557Net interest income
  • $1,750Provision for loan and lease losses
  • $1,779Total noninterest income
  • $0Fiduciary activities
  • $882Service charges on deposit accounts
  • $0Trading account gains & fees
  • $897Additional noninterest income
  • $7,415Total noninterest expense
  • $3,698Salaries and employee benefits
  • $1,068Premises and equipment expense
  • $2,649Additional noninterest expense
  • $3,171Pre-tax net operating income
  • $4Securities gains (losses)
  • $215Applicable income taxes
  • $2,960Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,960Net income attributable to bank
  • $0Net charge-offs
  • $2,960Cash dividends
  • $1,654Sale, conversion, retirement of capital stock, net
  • $1,623Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.09%Yield on earning assets
  • 0.97%Cost of funding earning assets
  • 5.12%Net interest margin
  • 0.86%Noninterest income to earning assets
  • 3.59%Noninterest expense to earning assets
  • 1.31%Net operating income to assets
  • 1.31%Return on assets (ROA)
  • 1.41%Pretax return on assets
  • 13.77%Return on equity (ROE)
  • 6.22%Retained earnings to average equity (YTD only)
  • 0.90%Net charge-offs to loans
  • 105.80%Credit loss provision to net charge-offs
  • 2.98%Efficiency ratio
  • 60,109Assets per employee
  • 3.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 54.83%Loss allowance to loans
  • 1.50%Loss allowance to noncurrent loans
  • 37.04%Noncurrent assets plus other real estate owned to assets
  • 5.21%Noncurrent loans to loans
  • 4.04%Net loans and leases to deposits
  • 93.32%Net loans and leases to core deposits
  • 96.64%Equity capital to assets
  • 9.96%Core capital (leverage) ratio
  • 9.64%Tier 1 risk-based capital ratio
  • 12.95%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $225,525Average earning assets
  • $21,500Average equity
  • $206,282Average loans

List of branches

  • 6 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06860First Bank Of Tennessee369 Front Street, Spring City, TN 37381January 01, 1890Full Service Brick and Mortar
    2222896Dayton BranchThird Avenue And Railroad Street, Dayton, TN 37321January 20, 1975Full Service Brick and Mortar
    3357172Rockwood Branch996 North Gateway Avenue, Rockwood, TN 37854August 01, 1999Full Service Brick and Mortar
    4360399South Roane Street Branch1031 South Roane Street, Harriman, TN 37748June 04, 2001Full Service Brick and Mortar
    5432675South Dayton Branch3001 Highway 27, Dayton, TN 37321October 25, 2004Full Service Brick and Mortar
    614916Peoples Bank Of Polk County BranchU.S. Highway 411, Benton, TN 37307May 04, 1974Full Service Brick and Mortar

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First Bank of Tennessee.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents