First Volunteer Bank of Tennessee in city_name, state_name - Detailed Financial Reports, Location

First Volunteer Bank of Tennessee in Chattanooga, Tennessee (TN)
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First Volunteer Bank of Tennessee routing number info

First Volunteer Bank of Tennessee - Overview

General
FDIC Certificate #: 10307
Status: Active
Federal Reserve ID: 234739
Bank Holding Company (Regulatory Top Holder): First Volunteer Corporation (RSSDID: 1081716, Location: Chattanooga, TN)
Date Established: May 03, 1904
WWW: http://www.firstvolunteer.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 23 (Domestic: 23, Interstate: No)
OTS Docket #: 10396
FDIC's unique #: 6601
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 01, 1934
Last Structure Change Effective Date: October 20, 2008
Last Structure Change Process Date: October 30, 2008
Last Data Update: October 30, 2008
Data Source Date: April 05, 2012
Location
Address: 728 Broad Street, Chattanooga, TN 37402
County: Hamilton
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): Chattanooga, TN-GA (#1560)
Combined Statistical Area (CSA): Chattanooga-Cleveland-Athens, TN-GA (#174)
Core Based Statistical Area (CBSA): Chattanooga, TN-GA (#16860)
CBSA Metro Statistical Area: Chattanooga, TN-GA (#16860)
History of Changes
Participated in Absorption/Consolidation/Merger
Financial Summary
Total assets: $641.6 mil
Equity capital: $66.8 mil
Deposits held in domestic offices: $561.9 mil
Return on assets (ROA): 0.67% ($4.3 mil)
Quarterly return on assets: 0.77% ($4.9 mil)
Return on Equity (ROE): 6.73% ($4.5 mil)
Quarterly return on equity: 7.48% ($5.0 mil)
Net income: $4.5 mil
Quarterly Net income: $1.2 mil
Pretax return on assets: 1.04% ($6,672.3 mil)
Quarterly Pretax return on assets: 1.17% ($7,506.3 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
223Total employees (full-time equivalent)
$641,567Total assets
$66,259Cash and due from depository institutions
$48,731Interest-bearing balances
$63,862Securities
$500Federal funds sold & reverse repurchase agreements
$458,307Net loans & leases
$6,303Loan loss allowance
$0Trading account assets
$19,213Bank premises and fixed assets
$9,147Other real estate owned
$3,336Goodwill and other intangibles
$641,567Life insurance assets
$20,943All other assets
$574,726Total liabilities and capital
$561,937Total liabilities
$455,469Total deposits
$561,937Interest-bearing deposits
$88Deposits held in domestic offices
4234.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$4,783Trading liabilities
$0Other borrowed funds
$3,772Subordinated debt
$66,841All other liabilities
$66,841Total equity capital
$66,841Total bank equity capital
$0Perpetual preferred stock
$7,000Common stock
$26,040Surplus
$33,801Undivided profits
Memoranda
$0Noncurrent loans and leases
$2,789Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$7,197Income earned, not collected on loans
$0Earning assets
$2,156Long-term assets (5+ years)
$571,400Average Assets, year-to-date
$47,621Average Assets, quarterly
$661,358Volatile liabilities
$646,161Insider loans
$479,038FHLB advances
$635,513Loans and leases held for sale
$10,342Unused loan commitments
$10,342Tier 1 (core) risk-based capital
$60,218Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$86,774Restructured Loans and leases
$5,574Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$32,133Total interest income
$3,887Total interest expense
$28,246Net interest income
$5,000Provision for loan and lease losses
$6,222Total noninterest income
$0Fiduciary activities
$4,223Service charges on deposit accounts
$0Trading account gains & fees
$1,999Additional noninterest income
$22,702Total noninterest expense
$12,768Salaries and employee benefits
$3,634Premises and equipment expense
$6,300Additional noninterest expense
$6,766Pre-tax net operating income
$122Securities gains (losses)
$2,434Applicable income taxes
$4,454Income before extraordinary items
$0Extraordinary gains - net
$4,454Net income attributable to bank
$0Net charge-offs
$4,454Cash dividends
$4,981Sale, conversion, retirement of capital stock, net
$3,125Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.44%Yield on earning assets
0.66%Cost of funding earning assets
4.78%Net interest margin
1.05%Noninterest income to earning assets
3.84%Noninterest expense to earning assets
0.66%Net operating income to assets
0.67%Return on assets (ROA)
1.04%Pretax return on assets
6.73%Return on equity (ROE)
2.01%Retained earnings to average equity (YTD only)
1.06%Net charge-offs to loans
100.38%Credit loss provision to net charge-offs
2.36%Efficiency ratio
64,280Assets per employee
2.88%Cash dividends to net income (YTD only)
Condition Ratios (%)
70.16%Loss allowance to loans
1.36%Loss allowance to noncurrent loans
87.58%Noncurrent assets plus other real estate owned to assets
2.55%Noncurrent loans to loans
1.55%Net loans and leases to deposits
81.56%Net loans and leases to core deposits
84.93%Equity capital to assets
10.42%Core capital (leverage) ratio
9.48%Tier 1 risk-based capital ratio
12.57%Total risk-based capital ratio
Memoranda
$14Average assets
$661,358Average earning assets
$66,170Average equity
$590,725Average loans

List of branches

23 Tennessee Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	6601	First Volunteer Bank Of Tennessee	728 Broad Street, Chattanooga, TN 37402	May 03, 1904	Full Service Brick and Mortar
1	222179	Whitwell Branch	13108 Highway 28, Whitwell, TN 37397	Febuary 22, 1971	Full Service Brick and Mortar
3	222181	South Pittsburg Branch	13108 Highway 28, South Pittsburg, TN 37380	June 15, 1981	Full Service Brick and Mortar
4	17215	Jasper Branch	105 Betsy Pack Drive, Jasper, TN 37347	December 02, 1983	Full Service Brick and Mortar
5	257679	Hixson Branch	5109 Hixson Pike, Hixson, TN 37343	March 21, 1986	Full Service Brick and Mortar
6	257680	Shallowford Road Branch	6825 Shallowford Road, Chattanooga, TN 37421	September 06, 1988	Full Service Brick and Mortar
7	222182	Gunbarrel Branch	1834 Gunbarrel Rd, Chattanooga, TN 37421	Febuary 10, 1999	Full Service Brick and Mortar
8	1576	Etowah Branch	515 North Tennessee Avenue, Etowah, TN 37331	September 01, 1932	Full Service Brick and Mortar
10	250468	Summertown Branch	106 Highway 20, Summertown, TN 38483	January 03, 1972	Full Service Brick and Mortar
11	257928	North Locust Avenue Branch	1401 North Locust Avenue, Lawrenceburg, TN 38464	September 28, 1998	Full Service Brick and Mortar
12	14616	Jamestown Branch	318 North Main Street, Jamestown, TN 38556	July 07, 1973	Full Service Brick and Mortar
13	252337	Clarkrange Branch	6822 S York Hwy, Clarkrange, TN 38553	March 03, 1976	Full Service Brick and Mortar
15	359635	Cookeville Branch	351 South Willow Avenue, Cookeville, TN 38501	November 06, 2000	Full Service Brick and Mortar
16	964	Jacksboro Branch	301 Main St, Jacksboro, TN 37757	September 24, 1923	Full Service Brick and Mortar
17	3283	Jellico Branch	189 Fifth Street, Jellico, TN 37762	March 28, 1905	Full Service Brick and Mortar
19	189538	Lafollette Branch	244 E Central Ave, La Follette, TN 37766	May 19, 1997	Full Service Brick and Mortar
20	362445	Callahan Branch	2367 Callahan Drive, Knoxville, TN 37912	November 05, 2001	Full Service Brick and Mortar
21	190020	Monterey Branch	210 East Commercial Avenue, Monterey, TN 38574	December 18, 1972	Full Service Brick and Mortar
22	366119	Highway 58 Branch	4757 Highway 58, Chattanooga, TN 37416	January 21, 2003	Full Service Brick and Mortar
23	6863	Benton Branch	219 Ward St, Benton, TN 37307	January 01, 1907	Full Service Brick and Mortar
24	222902	Ocoee Branch	137 Ushy 64, Ocoee, TN 37361	March 01, 1976	Full Service Brick and Mortar
25	222903	Delano Branch	109 Bowater Rd, Delano, TN 37325	April 25, 1977	Full Service Brick and Mortar
27	222905	Benton Motor Branch	6219 Hwy 411, Benton, TN 37307	April 21, 1995	Limited Service Facility

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

First Volunteer Bank of Tennessee - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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

First Volunteer Bank of Tennessee - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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