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

This bank is inactive as of July 27, 2001

  • First Volunteer Bank of East Tennessee in Jacksboro, Tennessee (TN)
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First Volunteer Bank of East Tennessee - Overview

  • General
  • FDIC Certificate #: 1466
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Volunteer Bank of Tennessee (#10307)
    Federal Reserve ID: 417635
    Date Established: September 24, 1923
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    OTS Docket #: 16067
    FDIC's unique #: 964
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: July 27, 2001
    Last Structure Change Process Date: October 25, 2001
    Last Data Update: October 25, 2001
    Data Source Date: April 05, 2012
  • Location
  • Address: Main Street, Jacksboro, TN 37757
    County: Campbell
    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): La Follette, TN (#29220)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $104.0 mil

1992 - 1999 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, 2000)

  • Dollar figures in thousands
  • 52Total employees (full-time equivalent)
  • $99,033Total assets
  • $1,763Cash and due from depository institutions
  • $0Interest-bearing balances
  • $22,825Securities
  • $7,675Federal funds sold & reverse repurchase agreements
  • $61,694Net loans & leases
  • $716Loan loss allowance
  • $0Trading account assets
  • $3,247Bank premises and fixed assets
  • $353Other real estate owned
  • $206Goodwill and other intangibles
  • $0Life insurance assets
  • $1,270All other assets
  • $99,033Total liabilities and capital
  • $90,526Total liabilities
  • $89,751Total deposits
  • $79,899Interest-bearing deposits
  • $89,751Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $775All other liabilities
  • $8,507Total equity capital
  • $8,507Total bank equity capital
  • $8,507Perpetual preferred stock
  • $0Common stock
  • $1,500Surplus
  • $1,950Undivided profits
  • Memoranda
  • $5,057Noncurrent loans and leases
  • $2,590Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,355Earning assets
  • $0Long-term assets (5+ years)
  • $578Average Assets, year-to-date
  • $92,194Average Assets, quarterly
  • $2,097Volatile liabilities
  • $94,159Insider loans
  • $95,811FHLB advances
  • $13,162Loans and leases held for sale
  • $2,279Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,590Total unused commitments
  • $0Restructured Loans and leases
  • $716Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $7,983Total interest income
  • $3,127Total interest expense
  • $4,856Net interest income
  • $149Provision for loan and lease losses
  • $1,100Total noninterest income
  • $0Fiduciary activities
  • $798Service charges on deposit accounts
  • $0Trading account gains & fees
  • $302Additional noninterest income
  • $2,960Total noninterest expense
  • $1,614Salaries and employee benefits
  • $574Premises and equipment expense
  • $772Additional noninterest expense
  • $2,847Pre-tax net operating income
  • -$30Securities gains (losses)
  • $1,044Applicable income taxes
  • $1,773Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,773Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $43Sale, conversion, retirement of capital stock, net
  • $1,285Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 9.23%Yield on earning assets
  • 3.62%Cost of funding earning assets
  • 5.62%Net interest margin
  • 1.27%Noninterest income to earning assets
  • 3.42%Noninterest expense to earning assets
  • 1.90%Net operating income to assets
  • 1.88%Return on assets (ROA)
  • 2.99%Pretax return on assets
  • 22.30%Return on equity (ROE)
  • 6.14%Retained earnings to average equity (YTD only)
  • 0.07%Net charge-offs to loans
  • 346.51%Credit loss provision to net charge-offs
  • 69.67%Efficiency ratio
  • 49,278Assets per employee
  • 1.90%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 72.48%Loss allowance to loans
  • 1.15%Loss allowance to noncurrent loans
  • 52.84%Noncurrent assets plus other real estate owned to assets
  • 1.72%Noncurrent loans to loans
  • 2.17%Net loans and leases to deposits
  • 68.74%Net loans and leases to core deposits
  • 80.55%Equity capital to assets
  • 8.59%Core capital (leverage) ratio
  • 8.61%Tier 1 risk-based capital ratio
  • 13.41%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $94,159Average earning assets
  • $7,951Average equity
  • $86,462Average loans

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