First Volunteer Bank of the Upper Cumberlands in Jamestown, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 18, 2001

  • First Volunteer Bank of the Upper Cumberlands in Jamestown, Tennessee (TN)
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First Volunteer Bank of the Upper Cumberlands - Overview

  • General
  • FDIC Certificate #: 21144
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Volunteer Bank of Tennessee (#10307)
    Federal Reserve ID: 509334
    Date Established: July 07, 1973
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    FDIC's unique #: 14616
    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: July 07, 1973
    Last Structure Change Effective Date: May 18, 2001
    Last Structure Change Process Date: July 02, 2001
    Last Data Update: July 02, 2001
    Data Source Date: April 05, 2012
  • Location
  • Address: 318 North Main Street, Jamestown, TN 38556
    County: Fentress
    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
  • Financial Summary
  • Total assets: $56.5 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
  • 28Total employees (full-time equivalent)
  • $57,473Total assets
  • $2,730Cash and due from depository institutions
  • $0Interest-bearing balances
  • $5,661Securities
  • $3,500Federal funds sold & reverse repurchase agreements
  • $41,301Net loans & leases
  • $515Loan loss allowance
  • $0Trading account assets
  • $3,617Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $664All other assets
  • $57,473Total liabilities and capital
  • $52,817Total liabilities
  • $52,174Total deposits
  • $43,277Interest-bearing deposits
  • $52,174Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $643All other liabilities
  • $4,656Total equity capital
  • $4,656Total bank equity capital
  • $4,656Perpetual preferred stock
  • $0Common stock
  • $300Surplus
  • $300Undivided profits
  • Memoranda
  • $4,056Noncurrent loans and leases
  • $2,961Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $29Earning assets
  • $0Long-term assets (5+ years)
  • $501Average Assets, year-to-date
  • $50,462Average Assets, quarterly
  • $462Volatile liabilities
  • $53,664Insider loans
  • $55,998FHLB advances
  • $10,096Loans and leases held for sale
  • $299Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,961Total unused commitments
  • $0Restructured Loans and leases
  • $515Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $5,143Total interest income
  • $1,863Total interest expense
  • $3,280Net interest income
  • $40Provision for loan and lease losses
  • $564Total noninterest income
  • $0Fiduciary activities
  • $463Service charges on deposit accounts
  • $0Trading account gains & fees
  • $101Additional noninterest income
  • $1,786Total noninterest expense
  • $973Salaries and employee benefits
  • $321Premises and equipment expense
  • $492Additional noninterest expense
  • $2,018Pre-tax net operating income
  • $0Securities gains (losses)
  • $775Applicable income taxes
  • $1,243Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,243Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$10Sale, conversion, retirement of capital stock, net
  • $965Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 10.74%Yield on earning assets
  • 3.89%Cost of funding earning assets
  • 6.85%Net interest margin
  • 1.18%Noninterest income to earning assets
  • 3.73%Noninterest expense to earning assets
  • 2.32%Net operating income to assets
  • 2.32%Return on assets (ROA)
  • 3.76%Pretax return on assets
  • 28.19%Return on equity (ROE)
  • 6.30%Retained earnings to average equity (YTD only)
  • -0.03%Net charge-offs to loans
  • -400.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 46,462Assets per employee
  • 2.05%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 77.63%Loss allowance to loans
  • 1.23%Loss allowance to noncurrent loans
  • 1775.86%Noncurrent assets plus other real estate owned to assets
  • 0.05%Noncurrent loans to loans
  • 0.07%Net loans and leases to deposits
  • 79.16%Net loans and leases to core deposits
  • 98.15%Equity capital to assets
  • 8.10%Core capital (leverage) ratio
  • 8.39%Tier 1 risk-based capital ratio
  • 11.20%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $53,664Average earning assets
  • $4,410Average equity
  • $47,871Average loans

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