Jefferson Federal Bank in Morristown, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 31, 2008

  • Jefferson Federal Bank in Morristown, Tennessee (TN)
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Jefferson Federal Bank - Overview

  • General
  • FDIC Certificate #: 31367
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Jefferson Federal Bank (#34137)
    Federal Reserve ID: 983671
    Date Established: January 01, 1960
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 6817
    FDIC's unique #: 44201
    Numeric code: 37
    Regulator: OTS
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: August 26, 1963
    Last Structure Change Effective Date: October 31, 2008
    Last Structure Change Process Date: November 05, 2008
    Last Data Update: November 05, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 120 Evans Avenue, Morristown, TN 37814
    County: Hamblen
    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): Morristown, TN (#34100)
    CBSA Metro Statistical Area: Morristown, TN (#34100)
  • Financial Summary
  • Total assets: $330.1 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, 2007)

  • Dollar figures in thousands
  • 87Total employees (full-time equivalent)
  • $342,912Total assets
  • $7,043Cash and due from depository institutions
  • $5,258Interest-bearing balances
  • $21,714Securities
  • $2,172Federal funds sold & reverse repurchase agreements
  • $285,251Net loans & leases
  • $1,790Loan loss allowance
  • $0Trading account assets
  • $15,370Bank premises and fixed assets
  • $1,107Other real estate owned
  • $0Goodwill and other intangibles
  • $5,812Life insurance assets
  • $10,255All other assets
  • $342,912Total liabilities and capital
  • $277,348Total liabilities
  • $233,265Total deposits
  • $215,151Interest-bearing deposits
  • $233,265Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $43,450Other borrowed funds
  • $0Subordinated debt
  • $633All other liabilities
  • $65,564Total equity capital
  • $65,564Total bank equity capital
  • $65,564Perpetual preferred stock
  • $0Common stock
  • $1,876Surplus
  • $38,670Undivided profits
  • Memoranda
  • $25,018Noncurrent loans and leases
  • $29,978Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $814Earning assets
  • $0Long-term assets (5+ years)
  • $1,556Average Assets, year-to-date
  • $314,395Average Assets, quarterly
  • $0Volatile liabilities
  • $333,894Insider loans
  • $338,239FHLB advances
  • $93,538Loans and leases held for sale
  • $7,478Unused loan commitments
  • $38,300Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $29,978Total unused commitments
  • $1,107Restructured Loans and leases
  • $1,790Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $22,027Total interest income
  • $10,126Total interest expense
  • $11,901Net interest income
  • $128Provision for loan and lease losses
  • $880Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $880Additional noninterest income
  • $9,751Total noninterest expense
  • $6,047Salaries and employee benefits
  • $1,911Premises and equipment expense
  • $1,793Additional noninterest expense
  • $2,902Pre-tax net operating income
  • $0Securities gains (losses)
  • $984Applicable income taxes
  • $1,918Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,918Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $128Sale, conversion, retirement of capital stock, net
  • $3,876Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.20%Yield on earning assets
  • 3.31%Cost of funding earning assets
  • 3.89%Net interest margin
  • 0.29%Noninterest income to earning assets
  • 3.19%Noninterest expense to earning assets
  • 0.57%Net operating income to assets
  • 0.57%Return on assets (ROA)
  • 0.87%Pretax return on assets
  • 2.91%Return on equity (ROE)
  • -2.97%Retained earnings to average equity (YTD only)
  • 0.05%Net charge-offs to loans
  • 100.00%Credit loss provision to net charge-offs
  • 23.67%Efficiency ratio
  • 76,293Assets per employee
  • 3.94%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 202.09%Loss allowance to loans
  • 0.62%Loss allowance to noncurrent loans
  • 219.90%Noncurrent assets plus other real estate owned to assets
  • 0.56%Noncurrent loans to loans
  • 0.28%Net loans and leases to deposits
  • 122.29%Net loans and leases to core deposits
  • 155.72%Equity capital to assets
  • 19.12%Core capital (leverage) ratio
  • 18.99%Tier 1 risk-based capital ratio
  • 23.56%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $333,894Average earning assets
  • $65,929Average equity
  • $305,733Average loans

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