First Community Bank of East Tennessee in Rogersville, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • First Community Bank of East Tennessee in Rogersville, Tennessee (TN)
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First Community Bank of East Tennessee - Overview

  • General
  • FDIC Certificate #: 33794
    Status: Active
    Federal Reserve ID: 2037185
    Bank Holding Company (Regulatory Top Holder): First Community Corporation (RSSDID: 2224239, Location: Rogersville, TN)
    Date Established: April 26, 1993
    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 #: 13619
    FDIC's unique #: 48070
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: April 26, 1993
    Last Structure Change Effective Date: November 02, 2011
    Last Structure Change Process Date: November 02, 2011
    Last Data Update: November 02, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 809 West Main Street, Rogersville, TN 37857
    County: Hawkins
    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): Johnson City-Kingsport-Bristol, TN-VA (#3660)
    Combined Statistical Area (CSA): Johnson City-Kingsport-Bristol (Tri-Cities), TN-VA (#304)
    Core Based Statistical Area (CBSA): Kingsport-Bristol-Bristol, TN-VA (#28700)
    CBSA Metro Statistical Area: Kingsport-Bristol-Bristol, TN-VA (#28700)
  • Financial Summary
  • Total assets: $214.6 mil
    Equity capital: $22.5 mil
    Deposits held in domestic offices: $170.4 mil
    Return on assets (ROA): -1.45% (-$3.1 mil)
    Quarterly return on assets: 0.37% ($0.8 mil)
    Return on Equity (ROE): -13.53% (-$3.0 mil)
    Quarterly return on equity: 3.64% ($0.8 mil)
    Net income: -$3.2 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: -1.81% (-$3,883.7 mil)
    Quarterly Pretax return on assets: -1.10% (-$2,360.3 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
  • 52Total employees (full-time equivalent)
  • $214,569Total assets
  • $35,792Cash and due from depository institutions
  • $28,691Interest-bearing balances
  • $33,711Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $123,034Net loans & leases
  • $7,296Loan loss allowance
  • $0Trading account assets
  • $5,421Bank premises and fixed assets
  • $4,422Other real estate owned
  • $0Goodwill and other intangibles
  • $214,569Life insurance assets
  • $12,189All other assets
  • $192,071Total liabilities and capital
  • $170,374Total liabilities
  • $151,698Total deposits
  • $170,374Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 4435.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $14,424Trading liabilities
  • $0Other borrowed funds
  • $2,838Subordinated debt
  • $22,498All other liabilities
  • $22,498Total equity capital
  • $22,498Total bank equity capital
  • $0Perpetual preferred stock
  • $661Common stock
  • $10,674Surplus
  • $11,163Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $18,618Income earned, not collected on loans
  • $0Earning assets
  • $466Long-term assets (5+ years)
  • $185,436Average Assets, year-to-date
  • $45,138Average Assets, quarterly
  • $221,891Volatile liabilities
  • $221,639Insider loans
  • $143,909FHLB advances
  • $224,651Loans and leases held for sale
  • $6,066Unused loan commitments
  • $5,831Tier 1 (core) risk-based capital
  • $22,191Tier 2 risk-based capital
  • $129Total risk weighted assets
  • $106Total unused commitments
  • $11,746Restructured Loans and leases
  • $1,174Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,138Total interest income
  • $2,780Total interest expense
  • $6,358Net interest income
  • $5,828Provision for loan and lease losses
  • $360Total noninterest income
  • $0Fiduciary activities
  • $529Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$169Additional noninterest income
  • $5,660Total noninterest expense
  • $2,603Salaries and employee benefits
  • $803Premises and equipment expense
  • $2,254Additional noninterest expense
  • -$4,770Pre-tax net operating income
  • $744Securities gains (losses)
  • -$816Applicable income taxes
  • -$3,210Income before extraordinary items
  • $0Extraordinary gains - net
  • -$3,210Net income attributable to bank
  • $0Net charge-offs
  • -$3,210Cash dividends
  • $1,422Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.75%Yield on earning assets
  • 1.45%Cost of funding earning assets
  • 3.31%Net interest margin
  • 0.19%Noninterest income to earning assets
  • 2.94%Noninterest expense to earning assets
  • -1.71%Net operating income to assets
  • -1.45%Return on assets (ROA)
  • -1.81%Pretax return on assets
  • -13.53%Return on equity (ROE)
  • -13.53%Retained earnings to average equity (YTD only)
  • 1.01%Net charge-offs to loans
  • 409.85%Credit loss provision to net charge-offs
  • 0.74%Efficiency ratio
  • 84,251Assets per employee
  • 4.13%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.60%Loss allowance to noncurrent loans
  • 39.19%Noncurrent assets plus other real estate owned to assets
  • 10.74%Noncurrent loans to loans
  • 14.29%Net loans and leases to deposits
  • 72.21%Net loans and leases to core deposits
  • 84.07%Equity capital to assets
  • 10.49%Core capital (leverage) ratio
  • 9.88%Tier 1 risk-based capital ratio
  • 15.42%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $221,891Average earning assets
  • $23,732Average equity
  • $192,213Average loans

List of branches

  • 6 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    048070First Community Bank Of East Tenness809 West Main Street, Rogersville, TN 37857April 26, 1993Full Service Brick and Mortar
    1289879Church Hill Branch441 Richmond Street, Church Hill, TN 37642December 05, 1994Full Service Brick and Mortar
    3289881East Main Street Branch1104 East Main Street, Rogersville, TN 37857August 10, 1998Full Service Brick and Mortar
    5363168Rogersville Branch4331 Highway 66 South, Rogersville, TN 37857Febuary 20, 2002Full Service Brick and Mortar
    6365633East Center Street Branch444 East Center Street, Kingsport, TN 37660October 15, 2002Full Service Brick and Mortar
    7439389Fort Henry Drive Branch3865 Fort Henry Drive, Kingsport, TN 37663November 29, 2004Full Service Brick and Mortar

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