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


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
  • NoIDNameAddressEstablishedService TypeMap
    06601First Volunteer Bank Of Tennessee728 Broad Street, Chattanooga, TN 37402May 03, 1904Full Service Brick and Mortar
    1222179Whitwell Branch13108 Highway 28, Whitwell, TN 37397Febuary 22, 1971Full Service Brick and Mortar
    3222181South Pittsburg Branch13108 Highway 28, South Pittsburg, TN 37380June 15, 1981Full Service Brick and Mortar
    417215Jasper Branch105 Betsy Pack Drive, Jasper, TN 37347December 02, 1983Full Service Brick and Mortar
    5257679Hixson Branch5109 Hixson Pike, Hixson, TN 37343March 21, 1986Full Service Brick and Mortar
    6257680Shallowford Road Branch6825 Shallowford Road, Chattanooga, TN 37421September 06, 1988Full Service Brick and Mortar
    7222182Gunbarrel Branch1834 Gunbarrel Rd, Chattanooga, TN 37421Febuary 10, 1999Full Service Brick and Mortar
    81576Etowah Branch515 North Tennessee Avenue, Etowah, TN 37331September 01, 1932Full Service Brick and Mortar
    10250468Summertown Branch106 Highway 20, Summertown, TN 38483January 03, 1972Full Service Brick and Mortar
    11257928North Locust Avenue Branch1401 North Locust Avenue, Lawrenceburg, TN 38464September 28, 1998Full Service Brick and Mortar
    1214616Jamestown Branch318 North Main Street, Jamestown, TN 38556July 07, 1973Full Service Brick and Mortar
    13252337Clarkrange Branch6822 S York Hwy, Clarkrange, TN 38553March 03, 1976Full Service Brick and Mortar
    15359635Cookeville Branch351 South Willow Avenue, Cookeville, TN 38501November 06, 2000Full Service Brick and Mortar
    16964Jacksboro Branch301 Main St, Jacksboro, TN 37757September 24, 1923Full Service Brick and Mortar
    173283Jellico Branch189 Fifth Street, Jellico, TN 37762March 28, 1905Full Service Brick and Mortar
    19189538Lafollette Branch244 E Central Ave, La Follette, TN 37766May 19, 1997Full Service Brick and Mortar
    20362445Callahan Branch2367 Callahan Drive, Knoxville, TN 37912November 05, 2001Full Service Brick and Mortar
    21190020Monterey Branch210 East Commercial Avenue, Monterey, TN 38574December 18, 1972Full Service Brick and Mortar
    22366119Highway 58 Branch4757 Highway 58, Chattanooga, TN 37416January 21, 2003Full Service Brick and Mortar
    236863Benton Branch219 Ward St, Benton, TN 37307January 01, 1907Full Service Brick and Mortar
    24222902Ocoee Branch137 Ushy 64, Ocoee, TN 37361March 01, 1976Full Service Brick and Mortar
    25222903Delano Branch109 Bowater Rd, Delano, TN 37325April 25, 1977Full Service Brick and Mortar
    27222905Benton Motor Branch6219 Hwy 411, Benton, TN 37307April 21, 1995Limited Service Facility

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