Peoples Bank of the South in La Follette, Tennessee (TN)



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Peoples Bank of the South routing number info

Table of contents:
Peoples Bank of the South
GeneralFDIC Certificate #: 4945
Status: Active
Federal Reserve ID: 277736
Date Established: January 01, 1917
WWW: http://www.peoplesbanksouth.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Domestic: 4, Interstate: No)
FDIC's unique #: 3288
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: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 01, 2012
Last Structure Change Process Date: March 01, 2012
Last Data Update: March 01, 2012
Data Source Date: April 05, 2012
LocationAddress: 106 West Central Ave, La Follette, TN 37766
County: Campbell
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): La Follette, TN (#29220)
CBSA Micro Statistical Area: Yes
Financial SummaryTotal assets: $152.3 mil
Equity capital: $19.2 mil
Deposits held in domestic offices: $132.0 mil
Return on assets (ROA): 0.91% ($1.4 mil)
Quarterly return on assets: 0.77% ($1.2 mil)
Return on Equity (ROE): 7.28% ($1.4 mil)
Quarterly return on equity: 6.12% ($1.2 mil)
Net income: $1.4 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 0.97% ($1,477.3 mil)
Quarterly Pretax return on assets: 0.82% ($1,248.9 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)
Total employees (full-time equivalent)47
Total assets$152,301
Cash and due from depository institutions$9,533
Interest-bearing balances$228
Securities$7,548
Federal funds sold & reverse repurchase agreements$5,355
Net loans & leases$121,003
Loan loss allowance $1,914
Trading account assets$0
Bank premises and fixed assets$4,320
Other real estate owned$2,661
Goodwill and other intangibles$0
All other assets$1,881
Life insurance assets$152,301
Total liabilities and capital$133,101
Total liabilities$132,015
Total deposits$107,324
Interest-bearing deposits$132,015
Deposits held in domestic offices$95
% insured (estimated)556.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $530
All other liabilities $19,200
Total equity capital$19,200
Total bank equity capital$19,200
Perpetual preferred stock$0
Common stock$411
Surplus$1,841
Undivided profits $16,948
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $115
Income earned, not collected on loans $4,788
Earning assets $0
Long-term assets (5+ years) $962
Average Assets, year-to-date $134,134
Average Assets, quarterly $3,012
Volatile liabilities $152,981
Insider loans $153,212
FHLB advances $112,651
Loans and leases held for sale $153,901
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $18,854
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $10,018
Derivatives$271
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $8,046
Total interest expense $1,206
Net interest income $6,840
Provision for loan and lease losses $650
Total noninterest income $495
Fiduciary activities $0
Service charges on deposit accounts $536
Trading account gains & fees $0
Additional noninterest income -$41
Total noninterest expense $5,199
Salaries and employee benefits $2,676
Premises and equipment expense $763
Additional noninterest expense $1,760
Pre-tax net operating income $1,486
Securities gains (losses) $2
Applicable income taxes $98
Income before extraordinary items $1,390
Extraordinary gains - net $0
Net income attributable to bank $1,390
Net charge-offs $0
Cash dividends $1,390
Sale, conversion, retirement of capital stock, net $509
Net operating income $1,152
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.92%
Cost of funding earning assets 0.89%
Net interest margin 5.04%
Noninterest income to earning assets 0.36%
Noninterest expense to earning assets 3.83%
Net operating income to assets 0.91%
Return on assets (ROA) 0.91%
Pretax return on assets 0.97%
Return on equity (ROE) 7.28%
Retained earnings to average equity (YTD only) 1.25%
Net charge-offs to loans 0.41%
Credit loss provision to net charge-offs 127.70%
Efficiency ratio4.20%
Assets per employee$70,879
Cash dividends to net income (YTD only)3.24%
Condition Ratios (%)
Loss allowance to loans 82.88%
Loss allowance to noncurrent loans 1.56%
Noncurrent assets plus other real estate owned to assets 39.97%
Noncurrent loans to loans 4.89%
Net loans and leases to deposits3.90%
Net loans and leases to core deposits 91.66%
Equity capital to assets 94.56%
Core capital (leverage) ratio 12.61%
Tier 1 risk-based capital ratio 12.25%
Total risk-based capital ratio 16.74%
Memoranda
Average assets$18
Average earning assets$152,981
Average equity $19,082
Average loans $135,844
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4 Tennessee Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
03288Peoples Bank Of The South106 West Central Ave, La Follette, TN 37766January 01, 1917Full Service Brick and Mortar
1205671Jacksboro Branch2300 Jacksboro Pike, La Follette, TN 37766April 01, 1976Full Service Brick and Mortar
3205673Norris-Clinton Branch2152 North Charles G. Seivers Boulevard, Clinton, TN 37716October 24, 1994Full Service Brick and Mortar
4464482Peoples Bank Scott County Branch235 Depot Street, Oneida, TN 37841June 25, 2007Full Service Brick and Mortar
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