Mountain Commerce Bank in Erwin, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Mountain Commerce Bank - Overview

  • General
  • FDIC Certificate #: 4931
    Status: Active
    Federal Reserve ID: 1016231
    Bank Holding Company (Regulatory Top Holder): Mountain Commerce Bancorp, Inc. (RSSDID: 3416965, Location: Erwin, TN)
    Date Established: January 01, 1910
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 12534
    FDIC's unique #: 3275
    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: July 23, 2007
    Last Structure Change Process Date: July 26, 2007
    Last Data Update: July 26, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 201 South Main Street, Erwin, TN 37650
    County: Unicoi
    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): Johnson City-Kingsport-Bristol, TN-VA (#3660)
    Combined Statistical Area (CSA): Johnson City-Kingsport-Bristol (Tri-Cities), TN-VA (#304)
    Core Based Statistical Area (CBSA): Johnson City, TN (#27740)
    CBSA Metro Statistical Area: Johnson City, TN (#27740)
  • History of Changes
  • Change in Trust Powers
  • Financial Summary
  • Total assets: $328.1 mil
    Equity capital: $24.1 mil
    Deposits held in domestic offices: $291.7 mil
    Return on assets (ROA): -2.61% (-$8.6 mil)
    Quarterly return on assets: -10.71% (-$35.1 mil)
    Return on Equity (ROE): -30.31% (-$7.3 mil)
    Quarterly return on equity: -128.25% (-$30.8 mil)
    Net income: -$9.1 mil
    Quarterly Net income: -$9.1 mil
    Pretax return on assets: -1.56% (-$5,118.7 mil)
    Quarterly Pretax return on assets: -6.32% (-$20,737.1 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, 2011)

  • Dollar figures in thousands
  • 72Total employees (full-time equivalent)
  • $328,119Total assets
  • $19,947Cash and due from depository institutions
  • $16,403Interest-bearing balances
  • $23,334Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $258,368Net loans & leases
  • $6,405Loan loss allowance
  • $0Trading account assets
  • $9,901Bank premises and fixed assets
  • $8,402Other real estate owned
  • $555Goodwill and other intangibles
  • $328,119Life insurance assets
  • $7,612All other assets
  • $303,995Total liabilities and capital
  • $291,739Total liabilities
  • $256,873Total deposits
  • $291,739Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $11,436Trading liabilities
  • $0Other borrowed funds
  • $820Subordinated debt
  • $24,124All other liabilities
  • $24,124Total equity capital
  • $24,124Total bank equity capital
  • $0Perpetual preferred stock
  • $338Common stock
  • $42,383Surplus
  • $-18,597Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $533Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $11,223Income earned, not collected on loans
  • $35Earning assets
  • $1,155Long-term assets (5+ years)
  • $298,105Average Assets, year-to-date
  • $91,117Average Assets, quarterly
  • $347,870Volatile liabilities
  • $339,608Insider loans
  • $254,161FHLB advances
  • $331,396Loans and leases held for sale
  • $3,985Unused loan commitments
  • $3,985Tier 1 (core) risk-based capital
  • $23,293Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $20,535Restructured Loans and leases
  • $268Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $16,664Total interest income
  • $4,000Total interest expense
  • $12,664Net interest income
  • $6,054Provision for loan and lease losses
  • -$1,673Total noninterest income
  • $0Fiduciary activities
  • $241Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$1,914Additional noninterest income
  • $10,828Total noninterest expense
  • $5,345Salaries and employee benefits
  • $1,729Premises and equipment expense
  • $3,754Additional noninterest expense
  • -$5,891Pre-tax net operating income
  • $448Securities gains (losses)
  • $3,627Applicable income taxes
  • -$9,070Income before extraordinary items
  • $0Extraordinary gains - net
  • -$9,070Net income attributable to bank
  • $0Net charge-offs
  • -$9,070Cash dividends
  • $6,358Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.29%Yield on earning assets
  • 1.27%Cost of funding earning assets
  • 4.02%Net interest margin
  • -0.53%Noninterest income to earning assets
  • 3.44%Noninterest expense to earning assets
  • -2.74%Net operating income to assets
  • -2.61%Return on assets (ROA)
  • -1.56%Pretax return on assets
  • -30.31%Return on equity (ROE)
  • -30.31%Retained earnings to average equity (YTD only)
  • 2.31%Net charge-offs to loans
  • 95.22%Credit loss provision to net charge-offs
  • 0.03%Efficiency ratio
  • 97,343Assets per employee
  • 4.56%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.42%Loss allowance to noncurrent loans
  • 57.07%Noncurrent assets plus other real estate owned to assets
  • 5.98%Noncurrent loans to loans
  • 4.24%Net loans and leases to deposits
  • 88.56%Net loans and leases to core deposits
  • 101.73%Equity capital to assets
  • 7.35%Core capital (leverage) ratio
  • 7.03%Tier 1 risk-based capital ratio
  • 9.16%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $347,870Average earning assets
  • $29,923Average equity
  • $314,746Average loans

Total Fiduciary and Related Assets (December 31, 2007)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $364Managed Assets
  • 1Number of Accounts
  • $364Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $126Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $238Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 2Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 6 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03275Mountain Commerce Bank201 South Main Street, Erwin, TN 37650January 01, 1910Full Service Brick and Mortar
    1205596Unicoi Branch4200 Unicoi Drive, Unicoi, TN 37692December 21, 1995Full Service Brick and Mortar
    4471467Mountain Commerce Bank, Morristown Branch2657 West Andrew Johnson Highway, Morristown, TN 37814Febuary 11, 2008Full Service Brick and Mortar
    5476097Main Street Branch400 North Main Street, Erwin, TN 37650May 27, 2008Full Service Brick and Mortar
    6479085Bristol Hwy Branch3122 Bristol Hwy, Johnson City, TN 37601July 23, 2007Full Service Brick and Mortar
    7496432Cedar Bluff Road Branch320 North Cedar Bluff Road, Suite 101, Knoxville, TN 37923September 02, 2009Full Service Brick and Mortar

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