First Vision Bank of Tennessee in Tullahoma, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches


First Vision Bank of Tennessee - Overview

  • General
  • FDIC Certificate #: 58201
    Status: Active
    Federal Reserve ID: 3350658
    Date Established: November 28, 2005
    WWW: http://www.firstvisionbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 441943
    Numeric code: 13
    Regulator: FED
    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: November 28, 2005
    Last Structure Change Effective Date: January 10, 2008
    Last Structure Change Process Date: January 10, 2008
    Last Data Update: January 10, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 1401 North Jackson Street, Tullahoma, TN 37388
    County: Coffee
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Nashville
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Core Based Statistical Area (CBSA): Tullahoma, TN (#46100)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $129.0 mil
    Equity capital: $16.9 mil
    Deposits held in domestic offices: $107.9 mil
    Return on assets (ROA): 0.93% ($1.2 mil)
    Quarterly return on assets: 0.90% ($1.2 mil)
    Return on Equity (ROE): 7.02% ($1.2 mil)
    Quarterly return on equity: 6.79% ($1.2 mil)
    Net income: $1.1 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.93% ($1,199.7 mil)
    Quarterly Pretax return on assets: 0.90% ($1,161.0 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
  • 37Total employees (full-time equivalent)
  • $128,998Total assets
  • $7,073Cash and due from depository institutions
  • $1,053Interest-bearing balances
  • $11,997Securities
  • $7,745Federal funds sold & reverse repurchase agreements
  • $93,483Net loans & leases
  • $1,245Loan loss allowance
  • $0Trading account assets
  • $5,532Bank premises and fixed assets
  • $250Other real estate owned
  • $0Goodwill and other intangibles
  • $128,998Life insurance assets
  • $2,918All other assets
  • $112,058Total liabilities and capital
  • $107,932Total liabilities
  • $97,406Total deposits
  • $107,932Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,500Trading liabilities
  • $0Other borrowed funds
  • $626Subordinated debt
  • $16,940All other liabilities
  • $16,940Total equity capital
  • $16,940Total bank equity capital
  • $0Perpetual preferred stock
  • $1,767Common stock
  • $16,390Surplus
  • $-1,217Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $374Income earned, not collected on loans
  • $0Earning assets
  • $451Long-term assets (5+ years)
  • $114,278Average Assets, year-to-date
  • $17,743Average Assets, quarterly
  • $123,040Volatile liabilities
  • $126,461Insider loans
  • $93,925FHLB advances
  • $124,603Loans and leases held for sale
  • $1,026Unused loan commitments
  • $1,026Tier 1 (core) risk-based capital
  • $16,784Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $14,558Restructured Loans and leases
  • $5,778Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,136Total interest income
  • $1,345Total interest expense
  • $4,791Net interest income
  • $306Provision for loan and lease losses
  • $397Total noninterest income
  • $0Fiduciary activities
  • $294Service charges on deposit accounts
  • $0Trading account gains & fees
  • $103Additional noninterest income
  • $3,752Total noninterest expense
  • $1,894Salaries and employee benefits
  • $462Premises and equipment expense
  • $1,396Additional noninterest expense
  • $1,130Pre-tax net operating income
  • $20Securities gains (losses)
  • $0Applicable income taxes
  • $1,150Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,150Net income attributable to bank
  • $0Net charge-offs
  • $1,150Cash dividends
  • $176Sale, conversion, retirement of capital stock, net
  • $178Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.58%Yield on earning assets
  • 1.22%Cost of funding earning assets
  • 4.35%Net interest margin
  • 0.36%Noninterest income to earning assets
  • 3.41%Noninterest expense to earning assets
  • 0.92%Net operating income to assets
  • 0.93%Return on assets (ROA)
  • 0.93%Pretax return on assets
  • 7.02%Return on equity (ROE)
  • 5.94%Retained earnings to average equity (YTD only)
  • 0.19%Net charge-offs to loans
  • 173.86%Credit loss provision to net charge-offs
  • 8.16%Efficiency ratio
  • 72,321Assets per employee
  • 3.49%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 15.48%Loss allowance to loans
  • 1.31%Loss allowance to noncurrent loans
  • 332.89%Noncurrent assets plus other real estate owned to assets
  • 0.48%Noncurrent loans to loans
  • 0.39%Net loans and leases to deposits
  • 86.61%Net loans and leases to core deposits
  • 95.08%Equity capital to assets
  • 13.13%Core capital (leverage) ratio
  • 13.47%Tier 1 risk-based capital ratio
  • 17.87%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $123,040Average earning assets
  • $16,373Average equity
  • $110,058Average loans

List of branches

  • 3 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0441943First Vision Bank Of Tennessee1401 North Jackson Street, Tullahoma, TN 37388November 28, 2005Full Service Brick and Mortar
    1478856Franklin County Office2165 Decherd Boulevard, Decherd, TN 37324November 28, 2005Full Service Brick and Mortar
    2479362Manchester Office Branch2134 Hillsboro Blvd., Manchester, TN 37355April 14, 2008Full Service Brick and Mortar

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