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

  • Newport Federal Bank in Newport, Tennessee (TN)
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Newport Federal Bank - Overview

  • General
  • FDIC Certificate #: 29089
    Status: Active
    Federal Reserve ID: 894272
    Date Established: August 01, 1934
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 2892
    FDIC's unique #: 41923
    Numeric code: 37
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: November 01, 1934
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 170 West Broadway, Newport, TN 37821
    County: Cocke
    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): Newport, TN (#35460)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $188.3 mil
    Equity capital: $16.2 mil
    Deposits held in domestic offices: $170.0 mil
    Return on assets (ROA): 0.81% ($1.5 mil)
    Quarterly return on assets: 0.62% ($1.2 mil)
    Return on Equity (ROE): 9.63% ($1.5 mil)
    Quarterly return on equity: 7.19% ($1.2 mil)
    Net income: $1.5 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.21% ($2,278.8 mil)
    Quarterly Pretax return on assets: 0.80% ($1,506.7 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
  • 31Total employees (full-time equivalent)
  • $188,333Total assets
  • $7,037Cash and due from depository institutions
  • $5,990Interest-bearing balances
  • $65,725Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $105,264Net loans & leases
  • $1,881Loan loss allowance
  • $0Trading account assets
  • $3,135Bank premises and fixed assets
  • $1,121Other real estate owned
  • $153Goodwill and other intangibles
  • $188,331Life insurance assets
  • $5,898All other assets
  • $172,167Total liabilities and capital
  • $169,982Total liabilities
  • $167,180Total deposits
  • $169,982Interest-bearing deposits
  • $81Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,185Subordinated debt
  • $16,164All other liabilities
  • $16,164Total equity capital
  • $16,164Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $7,000Surplus
  • $9,064Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,980Income earned, not collected on loans
  • $0Earning assets
  • $1,003Long-term assets (5+ years)
  • $176,979Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $181,103Volatile liabilities
  • $187,291Insider loans
  • $90,666FHLB advances
  • $187,898Loans and leases held for sale
  • $2,173Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $15,729Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,252Restructured Loans and leases
  • $2,165Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,792Total interest income
  • $2,290Total interest expense
  • $6,502Net interest income
  • $1,000Provision for loan and lease losses
  • $307Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $307Additional noninterest income
  • $3,609Total noninterest expense
  • $1,803Salaries and employee benefits
  • $870Premises and equipment expense
  • $936Additional noninterest expense
  • $2,200Pre-tax net operating income
  • -$10Securities gains (losses)
  • $722Applicable income taxes
  • $1,468Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,468Net income attributable to bank
  • $0Net charge-offs
  • $1,468Cash dividends
  • $803Sale, conversion, retirement of capital stock, net
  • $400Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.18%Yield on earning assets
  • 1.35%Cost of funding earning assets
  • 3.83%Net interest margin
  • 0.18%Noninterest income to earning assets
  • 2.13%Noninterest expense to earning assets
  • 0.81%Net operating income to assets
  • 0.81%Return on assets (ROA)
  • 1.21%Pretax return on assets
  • 9.63%Return on equity (ROE)
  • 7.01%Retained earnings to average equity (YTD only)
  • 0.74%Net charge-offs to loans
  • 124.53%Credit loss provision to net charge-offs
  • 3.99%Efficiency ratio
  • 51,828Assets per employee
  • 6.08%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 27.25%Loss allowance to loans
  • 1.76%Loss allowance to noncurrent loans
  • 95.00%Noncurrent assets plus other real estate owned to assets
  • 1.65%Noncurrent loans to loans
  • 1.85%Net loans and leases to deposits
  • 61.93%Net loans and leases to core deposits
  • 74.39%Equity capital to assets
  • 8.58%Core capital (leverage) ratio
  • 8.37%Tier 1 risk-based capital ratio
  • 17.35%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $181,103Average earning assets
  • $15,245Average equity
  • $169,651Average loans

List of branches

  • 3 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    041923Newport Federal Bank170 West Broadway, Newport, TN 37821August 01, 1934Full Service Brick and Mortar
    1272813263 E. Broadway Branch263 E. Broadway, Newport, TN 37821March 01, 1992Full Service Brick and Mortar
    3356489345 Cosby Highway Branch345 Cosby Highway, Newport, TN 37821November 30, 1998Full Service Brick and Mortar

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