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



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First Community Bank of East Tennessee routing number info

Table of contents:
First Community Bank of East Tennessee
GeneralFDIC 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
WWW: http://www.fcbanktn.com
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
LocationAddress: 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 SummaryTotal 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)
Total employees (full-time equivalent)52
Total assets$214,569
Cash and due from depository institutions$35,792
Interest-bearing balances$28,691
Securities$33,711
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$123,034
Loan loss allowance $7,296
Trading account assets$0
Bank premises and fixed assets$5,421
Other real estate owned$4,422
Goodwill and other intangibles$0
All other assets$12,189
Life insurance assets$214,569
Total liabilities and capital$192,071
Total liabilities$170,374
Total deposits$151,698
Interest-bearing deposits$170,374
Deposits held in domestic offices$85
% insured (estimated)4435.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$14,424
Other borrowed funds $0
Subordinated debt $2,838
All other liabilities $22,498
Total equity capital$22,498
Total bank equity capital$22,498
Perpetual preferred stock$0
Common stock$661
Surplus$10,674
Undivided profits $11,163
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $18,618
Earning assets $0
Long-term assets (5+ years) $466
Average Assets, year-to-date $185,436
Average Assets, quarterly $45,138
Volatile liabilities $221,891
Insider loans $221,639
FHLB advances $143,909
Loans and leases held for sale $224,651
Unused loan commitments $6,066
Tier 1 (core) risk-based capital $5,831
Tier 2 risk-based capital $22,191
Total risk weighted assets $129
Total unused commitments $106
Restructured Loans and leases $11,746
Derivatives$1,174
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $9,138
Total interest expense $2,780
Net interest income $6,358
Provision for loan and lease losses $5,828
Total noninterest income $360
Fiduciary activities $0
Service charges on deposit accounts $529
Trading account gains & fees $0
Additional noninterest income -$169
Total noninterest expense $5,660
Salaries and employee benefits $2,603
Premises and equipment expense $803
Additional noninterest expense $2,254
Pre-tax net operating income -$4,770
Securities gains (losses) $744
Applicable income taxes -$816
Income before extraordinary items -$3,210
Extraordinary gains - net $0
Net income attributable to bank -$3,210
Net charge-offs $0
Cash dividends -$3,210
Sale, conversion, retirement of capital stock, net $1,422
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.75%
Cost of funding earning assets 1.45%
Net interest margin 3.31%
Noninterest income to earning assets 0.19%
Noninterest expense to earning assets 2.94%
Net operating income to assets -1.71%
Return on assets (ROA) -1.45%
Pretax return on assets -1.81%
Return on equity (ROE) -13.53%
Retained earnings to average equity (YTD only) -13.53%
Net charge-offs to loans 1.01%
Credit loss provision to net charge-offs 409.85%
Efficiency ratio0.74%
Assets per employee$84,251
Cash dividends to net income (YTD only)4.13%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 5.60%
Noncurrent assets plus other real estate owned to assets 39.19%
Noncurrent loans to loans 10.74%
Net loans and leases to deposits14.29%
Net loans and leases to core deposits 72.21%
Equity capital to assets 84.07%
Core capital (leverage) ratio 10.49%
Tier 1 risk-based capital ratio 9.88%
Total risk-based capital ratio 15.42%
Memoranda
Average assets$17
Average earning assets$221,891
Average equity $23,732
Average loans $192,213
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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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