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

First Peoples Bank of Tennessee - Overview

  • General
  • FDIC Certificate #: 21874
    Status: Active
    Federal Reserve ID: 421539
    Bank Holding Company (Regulatory Top Holder): First Peoples Bancorp, Inc. (RSSDID: 4166397, Location: Jefferson City, TN)
    Date Established: January 02, 1975
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    OTS Docket #: 13162
    FDIC's unique #: 15156
    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: January 02, 1975
    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: 206 West Broadway Boulevard, Jefferson City, TN 37760
    County: Jefferson
    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): Morristown, TN (#34100)
    CBSA Metro Statistical Area: Morristown, TN (#34100)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $136.6 mil
    Equity capital: $12.0 mil
    Deposits held in domestic offices: $116.4 mil
    Return on assets (ROA): 0.24% ($0.3 mil)
    Quarterly return on assets: 0.25% ($0.3 mil)
    Return on Equity (ROE): 2.68% ($0.3 mil)
    Quarterly return on equity: 2.80% ($0.3 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.36% ($491.7 mil)
    Quarterly Pretax return on assets: 0.40% ($546.3 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
  • 58Total employees (full-time equivalent)
  • $136,581Total assets
  • $4,952Cash and due from depository institutions
  • $0Interest-bearing balances
  • $33,644Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $87,098Net loans & leases
  • $656Loan loss allowance
  • $0Trading account assets
  • $4,966Bank premises and fixed assets
  • $3,341Other real estate owned
  • $306Goodwill and other intangibles
  • $136,581Life insurance assets
  • $2,274All other assets
  • $124,617Total liabilities and capital
  • $116,354Total liabilities
  • $96,426Total deposits
  • $116,354Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 5954.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,428Trading liabilities
  • $0Other borrowed funds
  • $881Subordinated debt
  • $11,964All other liabilities
  • $11,964Total equity capital
  • $11,964Total bank equity capital
  • $0Perpetual preferred stock
  • $760Common stock
  • $10,709Surplus
  • $495Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,731Income earned, not collected on loans
  • $0Earning assets
  • $565Long-term assets (5+ years)
  • $120,742Average Assets, year-to-date
  • $39,908Average Assets, quarterly
  • $130,969Volatile liabilities
  • $133,467Insider loans
  • $93,402FHLB advances
  • $130,545Loans and leases held for sale
  • $735Unused loan commitments
  • $735Tier 1 (core) risk-based capital
  • $11,521Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $8,971Restructured Loans and leases
  • $5,472Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,163Total interest income
  • $658Total interest expense
  • $5,505Net interest income
  • $630Provision for loan and lease losses
  • $819Total noninterest income
  • $0Fiduciary activities
  • $680Service charges on deposit accounts
  • $0Trading account gains & fees
  • $139Additional noninterest income
  • $5,481Total noninterest expense
  • $2,839Salaries and employee benefits
  • $713Premises and equipment expense
  • $1,929Additional noninterest expense
  • $213Pre-tax net operating income
  • $258Securities gains (losses)
  • $162Applicable income taxes
  • $309Income before extraordinary items
  • $0Extraordinary gains - net
  • $309Net income attributable to bank
  • $0Net charge-offs
  • $309Cash dividends
  • $150Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.35%Yield on earning assets
  • 0.57%Cost of funding earning assets
  • 4.78%Net interest margin
  • 0.71%Noninterest income to earning assets
  • 4.76%Noninterest expense to earning assets
  • 0.11%Net operating income to assets
  • 0.24%Return on assets (ROA)
  • 0.36%Pretax return on assets
  • 2.68%Return on equity (ROE)
  • 2.68%Retained earnings to average equity (YTD only)
  • 0.17%Net charge-offs to loans
  • 420.00%Credit loss provision to net charge-offs
  • 5.62%Efficiency ratio
  • 86,670Assets per employee
  • 2.35%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.75%Loss allowance to noncurrent loans
  • 37.90%Noncurrent assets plus other real estate owned to assets
  • 3.71%Noncurrent loans to loans
  • 1.97%Net loans and leases to deposits
  • 74.86%Net loans and leases to core deposits
  • 75.91%Equity capital to assets
  • 8.76%Core capital (leverage) ratio
  • 8.83%Tier 1 risk-based capital ratio
  • 12.33%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $130,969Average earning assets
  • $11,543Average equity
  • $115,191Average loans

List of branches

  • 7 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    015156First Peoples Bank Of Tennessee206 West Broadway Boulevard, Jefferson City, TN 37760January 02, 1975Full Service Brick and Mortar
    1253669Dandridge Branch416 Meeting Street, Dandridge, TN 37725May 24, 1976Full Service Brick and Mortar
    6253674Alpha-Talbott Branch6187 West Andrew Johnson Highway, Talbott, TN 37877May 18, 1995Full Service Brick and Mortar
    7253675Knoxville Branch7100 Kingston Pike, Knoxville, TN 37919March 16, 1998Full Service Brick and Mortar
    8362425Jefferson City Wal-Mart Branch630 West Broadway, Jefferson City, TN 37760November 06, 2001Full Service Brick and Mortar
    9362497Morristown East End Branch475 North Davy Crockett Parkway, Morristown, TN 37814July 18, 2001Full Service Brick and Mortar
    10363169Strawberry Plains Branch7500 Ashville Highway, Knoxville, TN 37924March 04, 2002Full Service Brick and Mortar

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