Sevier County Bank in Sevierville, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Sevier County Bank in Sevierville, Tennessee (TN)
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Sevier County Bank - Overview

  • General
  • FDIC Certificate #: 10318
    Status: Active
    Federal Reserve ID: 982937
    Bank Holding Company (Regulatory Top Holder): Sevier County Bancshares, Inc. (RSSDID: 1086458, Location: Sevierville, TN)
    Date Established: March 09, 1909
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    FDIC's unique #: 6609
    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: January 18, 2012
    Last Structure Change Process Date: January 18, 2012
    Last Data Update: January 18, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 111 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
  • Financial Summary
  • Total assets: $333.8 mil
    Equity capital: $25.9 mil
    Deposits held in domestic offices: $306.3 mil
    Return on assets (ROA): -2.26% (-$7.5 mil)
    Quarterly return on assets: -3.23% (-$10.8 mil)
    Return on Equity (ROE): -25.92% (-$6.7 mil)
    Quarterly return on equity: -40.29% (-$10.5 mil)
    Net income: -$7.9 mil
    Quarterly Net income: -$2.7 mil
    Pretax return on assets: -3.57% (-$11,915.3 mil)
    Quarterly Pretax return on assets: -5.25% (-$17,522.5 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
  • 79Total employees (full-time equivalent)
  • $333,761Total assets
  • $30,674Cash and due from depository institutions
  • $8,541Interest-bearing balances
  • $33,630Securities
  • $1,050Federal funds sold & reverse repurchase agreements
  • $198,278Net loans & leases
  • $12,604Loan loss allowance
  • $0Trading account assets
  • $18,582Bank premises and fixed assets
  • $38,501Other real estate owned
  • $0Goodwill and other intangibles
  • $333,761Life insurance assets
  • $13,046All other assets
  • $307,868Total liabilities and capital
  • $306,329Total liabilities
  • $280,061Total deposits
  • $306,329Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 639.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $900Subordinated debt
  • $25,893All other liabilities
  • $25,893Total equity capital
  • $25,893Total bank equity capital
  • $0Perpetual preferred stock
  • $1,200Common stock
  • $1,200Surplus
  • $23,493Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $135Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $32,650Income earned, not collected on loans
  • $0Earning assets
  • $1,149Long-term assets (5+ years)
  • $241,499Average Assets, year-to-date
  • $74,840Average Assets, quarterly
  • $348,128Volatile liabilities
  • $339,332Insider loans
  • $262,944FHLB advances
  • $332,054Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $17,445Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $12,108Restructured Loans and leases
  • $1,244Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,979Total interest income
  • $3,983Total interest expense
  • $7,996Net interest income
  • $6,402Provision for loan and lease losses
  • $1,273Total noninterest income
  • $0Fiduciary activities
  • $79Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,194Additional noninterest income
  • $15,337Total noninterest expense
  • $4,747Salaries and employee benefits
  • $1,956Premises and equipment expense
  • $8,634Additional noninterest expense
  • -$12,470Pre-tax net operating income
  • $38Securities gains (losses)
  • -$4,560Applicable income taxes
  • -$7,872Income before extraordinary items
  • $0Extraordinary gains - net
  • -$7,872Net income attributable to bank
  • $0Net charge-offs
  • -$7,872Cash dividends
  • $1,784Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.65%Yield on earning assets
  • 1.54%Cost of funding earning assets
  • 3.10%Net interest margin
  • 0.49%Noninterest income to earning assets
  • 5.95%Noninterest expense to earning assets
  • -2.27%Net operating income to assets
  • -2.26%Return on assets (ROA)
  • -3.57%Pretax return on assets
  • -25.92%Return on equity (ROE)
  • -25.92%Retained earnings to average equity (YTD only)
  • 0.82%Net charge-offs to loans
  • 358.86%Credit loss provision to net charge-offs
  • -3.40%Efficiency ratio
  • 165,466Assets per employee
  • 4.22%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.98%Loss allowance to noncurrent loans
  • 38.60%Noncurrent assets plus other real estate owned to assets
  • 21.32%Noncurrent loans to loans
  • 15.48%Net loans and leases to deposits
  • 64.73%Net loans and leases to core deposits
  • 72.65%Equity capital to assets
  • 7.76%Core capital (leverage) ratio
  • 5.25%Tier 1 risk-based capital ratio
  • 6.63%Total risk-based capital ratio
  • Memoranda
  • $8Average assets
  • $348,128Average earning assets
  • $30,371Average equity
  • $257,823Average loans

List of branches

  • 6 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06609Sevier County Bank111 East Main Street, Sevierville, TN 37862March 09, 1909Full Service Brick and Mortar
    1222267Pigeon Forge Branch3605 S Parkway, Pigeon Forge, TN 37862July 08, 1968Full Service Brick and Mortar
    2222268Harrison-Chilhowee Branch11403 Chapman Hwy, Seymour, TN 37865May 19, 1975Full Service Brick and Mortar
    3222269Pigeon Forge Main Branch3260 Parkway, Pigeon Forge, TN 37863November 26, 1979Full Service Brick and Mortar
    4222270Sevierville Branch720 Dolly Parton Parkway, Sevierville, TN 37862July 05, 1984Full Service Brick and Mortar
    6495395Gatlinburg Branch961 East Parkway, Gatlinburg, TN 37738October 04, 2009Full Service Brick and Mortar

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