Mountain National Bank in Sevierville, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Mountain National Bank in Sevierville, Tennessee (TN)
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Mountain National Bank - Overview

  • General
  • FDIC Certificate #: 34789
    Status: Active
    Federal Reserve ID: 2747420
    Bank Holding Company (Regulatory Top Holder): Mountain National Bancshares, Inc. (RSSDID: 3114748, Location: Sevierville, TN)
    Date Established: November 23, 1998
    WWW: http://www.mountainnationalbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 12 (Domestic: 12, Interstate: No)
    FDIC's unique #: 61636
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: November 23, 1998
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 300 East Main Street, Sevierville, TN 37862
    County: Sevier
    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): Knoxville, TN (#3840)
    Combined Statistical Area (CSA): Knoxville-Sevierville-La Follette, TN (#314)
    Core Based Statistical Area (CBSA): Sevierville, TN (#42940)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $509.3 mil
    Equity capital: $17.1 mil
    Deposits held in domestic offices: $432.2 mil
    Return on assets (ROA): -6.17% (-$31.4 mil)
    Quarterly return on assets: -3.49% (-$17.8 mil)
    Return on Equity (ROE): -103.17% (-$17.5 mil)
    Quarterly return on equity: -91.49% (-$15.6 mil)
    Net income: -$32.6 mil
    Quarterly Net income: -$4.5 mil
    Pretax return on assets: -6.29% (-$32,033.1 mil)
    Quarterly Pretax return on assets: -3.29% (-$16,755.0 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
  • 140Total employees (full-time equivalent)
  • $509,271Total assets
  • $39,888Cash and due from depository institutions
  • $30,616Interest-bearing balances
  • $96,410Securities
  • $2,881Federal funds sold & reverse repurchase agreements
  • $302,163Net loans & leases
  • $14,421Loan loss allowance
  • $0Trading account assets
  • $31,548Bank premises and fixed assets
  • $10,773Other real estate owned
  • $0Goodwill and other intangibles
  • $509,271Life insurance assets
  • $25,608All other assets
  • $492,136Total liabilities and capital
  • $432,162Total liabilities
  • $381,377Total deposits
  • $432,162Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 851.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $55,200Trading liabilities
  • $0Other borrowed funds
  • $3,923Subordinated debt
  • $17,135All other liabilities
  • $17,135Total equity capital
  • $17,135Total bank equity capital
  • $0Perpetual preferred stock
  • $6,000Common stock
  • $38,448Surplus
  • $-27,313Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $2,687Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $41,731Income earned, not collected on loans
  • $0Earning assets
  • $1,329Long-term assets (5+ years)
  • $432,070Average Assets, year-to-date
  • $122,960Average Assets, quarterly
  • $527,920Volatile liabilities
  • $512,835Insider loans
  • $359,063FHLB advances
  • $515,648Loans and leases held for sale
  • $12,174Unused loan commitments
  • $12,174Tier 1 (core) risk-based capital
  • $17,055Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $33,577Restructured Loans and leases
  • $14,476Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $20,590Total interest income
  • $7,602Total interest expense
  • $12,988Net interest income
  • $27,367Provision for loan and lease losses
  • -$1,133Total noninterest income
  • $0Fiduciary activities
  • $1,442Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$2,575Additional noninterest income
  • $17,866Total noninterest expense
  • $8,055Salaries and employee benefits
  • $2,914Premises and equipment expense
  • $6,897Additional noninterest expense
  • -$33,378Pre-tax net operating income
  • $198Securities gains (losses)
  • -$606Applicable income taxes
  • -$32,574Income before extraordinary items
  • $0Extraordinary gains - net
  • -$32,574Net income attributable to bank
  • $0Net charge-offs
  • -$32,574Cash dividends
  • $22,507Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.64%Yield on earning assets
  • 1.71%Cost of funding earning assets
  • 2.92%Net interest margin
  • -0.26%Noninterest income to earning assets
  • 4.02%Noninterest expense to earning assets
  • -6.21%Net operating income to assets
  • -6.17%Return on assets (ROA)
  • -6.29%Pretax return on assets
  • -103.17%Return on equity (ROE)
  • -103.17%Retained earnings to average equity (YTD only)
  • 6.49%Net charge-offs to loans
  • 121.59%Credit loss provision to net charge-offs
  • -0.27%Efficiency ratio
  • 150,704Assets per employee
  • 3.64%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.56%Loss allowance to noncurrent loans
  • 34.56%Noncurrent assets plus other real estate owned to assets
  • 10.31%Noncurrent loans to loans
  • 13.18%Net loans and leases to deposits
  • 69.92%Net loans and leases to core deposits
  • 75.39%Equity capital to assets
  • 3.36%Core capital (leverage) ratio
  • 3.31%Tier 1 risk-based capital ratio
  • 4.75%Total risk-based capital ratio
  • Memoranda
  • $6Average assets
  • $527,920Average earning assets
  • $31,574Average equity
  • $444,089Average loans

List of branches

  • 12 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    061636Mountain National Bank300 East Main Street, Sevierville, TN 37862November 23, 1998Full Service Brick and Mortar
    1290807Gatlinburg Branch960 East Parkway, Gatlinburg, TN 37738March 05, 1999Full Service Brick and Mortar
    2290808Gatlinburg Parkway Branch745 Parkway, Gatlinburg, TN 37738May 27, 1999Full Service Brick and Mortar
    3290809Pigeon Forge Branch3104 Teaster Lane, Pigeon Forge, TN 37863November 01, 1999Full Service Brick and Mortar
    5419311Kodak Branch2140 Winfield Dunn Parkway, Sevierville, TN 37876June 19, 2003Full Service Brick and Mortar
    6420257Seymour Office Branch10641 Chapman Hwy, Seymour, TN 37865August 22, 2002Full Service Brick and Mortar
    7445928Wears Valley Branch242 Wears Valley Road, Pigeon Forge, TN 37863October 24, 2005Full Service Brick and Mortar
    9473103Collier Drive Branch470 Collier Drive, Sevierville, TN 37862January 25, 2008Full Service Brick and Mortar
    10478342Justice Center Branch1002 E. Lamar Alexander Pkwy, Maryville, TN 37804April 15, 2008Full Service Brick and Mortar
    11478343West Maryville Branch2403 Us Hwy 411 South, Maryville, TN 37801October 17, 2007Full Service Brick and Mortar
    12492917Maryville Regional Office Branch1820 West Broadway, Maryville, TN 37801January 26, 2009Full Service Brick and Mortar
    13492918Newport Highway Branch305 New Riverside Dr., Sevierville, TN 37862June 08, 2009Full Service Brick and Mortar

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