Peoples Bank of the South in La Follette, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Peoples Bank of the South - Overview

  • General
  • FDIC Certificate #: 4945
    Status: Active
    Federal Reserve ID: 277736
    Date Established: January 01, 1917
    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
  • Location
  • Address: 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 Summary
  • Total 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
  • 47Total employees (full-time equivalent)
  • $152,301Total assets
  • $9,533Cash and due from depository institutions
  • $228Interest-bearing balances
  • $7,548Securities
  • $5,355Federal funds sold & reverse repurchase agreements
  • $121,003Net loans & leases
  • $1,914Loan loss allowance
  • $0Trading account assets
  • $4,320Bank premises and fixed assets
  • $2,661Other real estate owned
  • $0Goodwill and other intangibles
  • $152,301Life insurance assets
  • $1,881All other assets
  • $133,101Total liabilities and capital
  • $132,015Total liabilities
  • $107,324Total deposits
  • $132,015Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 556.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $530Subordinated debt
  • $19,200All other liabilities
  • $19,200Total equity capital
  • $19,200Total bank equity capital
  • $0Perpetual preferred stock
  • $411Common stock
  • $1,841Surplus
  • $16,948Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $115Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,788Income earned, not collected on loans
  • $0Earning assets
  • $962Long-term assets (5+ years)
  • $134,134Average Assets, year-to-date
  • $3,012Average Assets, quarterly
  • $152,981Volatile liabilities
  • $153,212Insider loans
  • $112,651FHLB advances
  • $153,901Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $18,854Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $10,018Restructured Loans and leases
  • $271Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,046Total interest income
  • $1,206Total interest expense
  • $6,840Net interest income
  • $650Provision for loan and lease losses
  • $495Total noninterest income
  • $0Fiduciary activities
  • $536Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$41Additional noninterest income
  • $5,199Total noninterest expense
  • $2,676Salaries and employee benefits
  • $763Premises and equipment expense
  • $1,760Additional noninterest expense
  • $1,486Pre-tax net operating income
  • $2Securities gains (losses)
  • $98Applicable income taxes
  • $1,390Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,390Net income attributable to bank
  • $0Net charge-offs
  • $1,390Cash dividends
  • $509Sale, conversion, retirement of capital stock, net
  • $1,152Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.92%Yield on earning assets
  • 0.89%Cost of funding earning assets
  • 5.04%Net interest margin
  • 0.36%Noninterest income to earning assets
  • 3.83%Noninterest expense to earning assets
  • 0.91%Net operating income to assets
  • 0.91%Return on assets (ROA)
  • 0.97%Pretax return on assets
  • 7.28%Return on equity (ROE)
  • 1.25%Retained earnings to average equity (YTD only)
  • 0.41%Net charge-offs to loans
  • 127.70%Credit loss provision to net charge-offs
  • 4.20%Efficiency ratio
  • 70,879Assets per employee
  • 3.24%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 82.88%Loss allowance to loans
  • 1.56%Loss allowance to noncurrent loans
  • 39.97%Noncurrent assets plus other real estate owned to assets
  • 4.89%Noncurrent loans to loans
  • 3.90%Net loans and leases to deposits
  • 91.66%Net loans and leases to core deposits
  • 94.56%Equity capital to assets
  • 12.61%Core capital (leverage) ratio
  • 12.25%Tier 1 risk-based capital ratio
  • 16.74%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $152,981Average earning assets
  • $19,082Average equity
  • $135,844Average loans

List of branches

  • 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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