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


Jefferson Federal Bank - Overview

  • General
  • FDIC Certificate #: 34137
    Status: Active
    Federal Reserve ID: 983671
    Bank Holding Company (Regulatory Top Holder): Jefferson Bancshares, Inc. (RSSDID: 3821756, Location: Morristown, TN)
    Date Established: Febuary 21, 1996
    WWW: http://www.jeffersonfederal.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 13 (Domestic: 13, Interstate: No)
    FDIC's unique #: 56280
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: 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: Febuary 21, 1996
    Last Structure Change Effective Date: November 01, 2008
    Last Structure Change Process Date: December 04, 2008
    Last Data Update: December 04, 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)
  • History of Changes
  • Change in FED-RSSD-ID
  • Financial Summary
  • Total assets: $530.9 mil
    Equity capital: $55.2 mil
    Deposits held in domestic offices: $432.6 mil
    Return on assets (ROA): -0.88% (-$4.7 mil)
    Quarterly return on assets: -2.66% (-$14.1 mil)
    Return on Equity (ROE): -8.53% (-$4.7 mil)
    Quarterly return on equity: -25.17% (-$13.8 mil)
    Net income: -$5.0 mil
    Quarterly Net income: -$3.6 mil
    Pretax return on assets: -1.44% (-$7,645.6 mil)
    Quarterly Pretax return on assets: -4.08% (-$21,662.6 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
  • 131Total employees (full-time equivalent)
  • $530,946Total assets
  • $35,679Cash and due from depository institutions
  • $30,260Interest-bearing balances
  • $77,988Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $352,743Net loans & leases
  • $10,879Loan loss allowance
  • $0Trading account assets
  • $26,102Bank premises and fixed assets
  • $8,902Other real estate owned
  • $1,748Goodwill and other intangibles
  • $530,946Life insurance assets
  • $27,784All other assets
  • $475,779Total liabilities and capital
  • $432,620Total liabilities
  • $380,152Total deposits
  • $432,620Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 820.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $37,903Trading liabilities
  • $0Other borrowed funds
  • $4,436Subordinated debt
  • $55,167All other liabilities
  • $55,167Total equity capital
  • $55,167Total bank equity capital
  • $0Perpetual preferred stock
  • $20,677Common stock
  • $38,170Surplus
  • $-3,680Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $916Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $9,561Income earned, not collected on loans
  • $0Earning assets
  • $1,851Long-term assets (5+ years)
  • $460,991Average Assets, year-to-date
  • $144,027Average Assets, quarterly
  • $567,034Volatile liabilities
  • $540,530Insider loans
  • $379,207FHLB advances
  • $527,882Loans and leases held for sale
  • $6,744Unused loan commitments
  • $6,744Tier 1 (core) risk-based capital
  • $40,580Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $35,951Restructured Loans and leases
  • $840Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $25,043Total interest income
  • $5,718Total interest expense
  • $19,325Net interest income
  • $12,170Provision for loan and lease losses
  • $1,693Total noninterest income
  • $0Fiduciary activities
  • $1,231Service charges on deposit accounts
  • $0Trading account gains & fees
  • $462Additional noninterest income
  • $17,527Total noninterest expense
  • $6,601Salaries and employee benefits
  • $2,263Premises and equipment expense
  • $8,663Additional noninterest expense
  • -$8,679Pre-tax net operating income
  • $508Securities gains (losses)
  • -$3,178Applicable income taxes
  • -$4,993Income before extraordinary items
  • $0Extraordinary gains - net
  • -$4,993Net income attributable to bank
  • $0Net charge-offs
  • -$4,993Cash dividends
  • $9,236Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.06%Yield on earning assets
  • 1.16%Cost of funding earning assets
  • 3.91%Net interest margin
  • 0.34%Noninterest income to earning assets
  • 3.54%Noninterest expense to earning assets
  • -0.94%Net operating income to assets
  • -0.88%Return on assets (ROA)
  • -1.44%Pretax return on assets
  • -8.53%Return on equity (ROE)
  • -8.53%Retained earnings to average equity (YTD only)
  • 2.37%Net charge-offs to loans
  • 131.77%Credit loss provision to net charge-offs
  • 0.38%Efficiency ratio
  • 81,159Assets per employee
  • 4.05%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.99%Loss allowance to noncurrent loans
  • 113.79%Noncurrent assets plus other real estate owned to assets
  • 3.53%Noncurrent loans to loans
  • 2.63%Net loans and leases to deposits
  • 81.54%Net loans and leases to core deposits
  • 83.42%Equity capital to assets
  • 10.39%Core capital (leverage) ratio
  • 7.69%Tier 1 risk-based capital ratio
  • 10.70%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $567,034Average earning assets
  • $58,507Average equity
  • $494,739Average loans

List of branches

  • 13 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    056280Jefferson Federal Bank120 Evans Avenue, Morristown, TN 37814Febuary 21, 1996Full Service Brick and Mortar
    1290411West Walnut Street Branch612 West Walnut Street, Johnson City, TN 37601November 04, 1996Full Service Brick and Mortar
    2290412Kingsport Branch240 West Center Street, Kingsport, TN 37660January 06, 1997Full Service Brick and Mortar
    4360975Colonial Heights Branch4409 Fort Henry Drive, Kingsport, TN 37663November 06, 2000Full Service Brick and Mortar
    5442500Boones Creek Branch4718 N Roan St, Johnson City, TN 37615June 30, 2005Full Service Brick and Mortar
    7479953123 Merchants Greene BranchMerchants Greene Blvd, Morristown, TN 37814May 15, 2006Full Service Brick and Mortar
    8479954Farragut Branch11916 Kingston Pike, Farragut, TN 37934July 03, 2006Full Service Brick and Mortar
    9481894Bearden-Knoxville Branch6501 Kingston Pike, Knoxville, TN 37919July 02, 2007Full Service Brick and Mortar
    10481895Stonewall Court Mortgage Branch525 W Morris Blvd, Suite F, Morristown, TN 37813October 30, 2008Limited Service Loan Production
    11481896West Morris Branch1960 W Morris Blvd, Morristown, TN 37814October 30, 2008Limited Service Facility
    12481897East Main Street Branch143 E Main St, Morristown, TN 37814October 30, 2008Limited Service Facility
    13482618North Roan Branch1907 North Roan Street, Johnson City, TN 37601October 31, 2008Full Service Brick and Mortar
    14490946West Oakland Avenue Branch1000 West Oakland Avenue, Johnson City, TN 37601May 18, 2009Full Service Brick and Mortar

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