SouthEast Bank & Trust in Athens, Tennessee (TN)

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SouthEast Bank & Trust routing number info

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SouthEast Bank & Trust
GeneralFDIC Certificate #: 57348
Status: Active
Federal Reserve ID: 3110197
Bank Holding Company (Regulatory Top Holder): Southeast Bancshares, Inc. (RSSDID: 3486614, Location: Athens, TN)
Date Established: April 29, 2002
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 8 (Domestic: 8, Interstate: No)
FDIC's unique #: 362261
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: April 29, 2002
Last Structure Change Effective Date: April 20, 2007
Last Structure Change Process Date: April 23, 2007
Last Data Update: April 23, 2007
Data Source Date: April 05, 2012
LocationAddress: 1878 South Congress Parkway, Athens, TN 37303
County: Mcminn
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): Chattanooga-Cleveland-Athens, TN-GA (#174)
Core Based Statistical Area (CBSA): Athens, TN (#11940)
CBSA Micro Statistical Area: Yes
Financial SummaryTotal assets: $266.2 mil
Equity capital: $25.4 mil
Deposits held in domestic offices: $233.4 mil
Return on assets (ROA): 0.65% ($1.7 mil)
Quarterly return on assets: 0.88% ($2.3 mil)
Return on Equity (ROE): 7.26% ($1.8 mil)
Quarterly return on equity: 9.32% ($2.3 mil)
Net income: $1.8 mil
Quarterly Net income: $0.6 mil
Pretax return on assets: 0.99% ($2,635.1 mil)
Quarterly Pretax return on assets: 1.37% ($3,646.6 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)76
Total assets$266,176
Cash and due from depository institutions$18,226
Interest-bearing balances$15,989
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$199,971
Loan loss allowance $2,932
Trading account assets$0
Bank premises and fixed assets$9,159
Other real estate owned$4,423
Goodwill and other intangibles$497
All other assets$6,611
Life insurance assets$266,176
Total liabilities and capital$240,735
Total liabilities$233,445
Total deposits$199,840
Interest-bearing deposits$233,445
Deposits held in domestic offices$91
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$6,000
Other borrowed funds $0
Subordinated debt $1,290
All other liabilities $25,441
Total equity capital$25,441
Total bank equity capital$25,441
Perpetual preferred stock$0
Common stock$1,284
Undivided profits $6,869
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $447
Income earned, not collected on loans $2,345
Earning assets $0
Long-term assets (5+ years) $860
Average Assets, year-to-date $243,249
Average Assets, quarterly $54,448
Volatile liabilities $271,013
Insider loans $265,784
FHLB advances $193,607
Loans and leases held for sale $266,090
Unused loan commitments $3,256
Tier 1 (core) risk-based capital $3,256
Tier 2 risk-based capital $24,334
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $36,197
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $13,779
Total interest expense $2,858
Net interest income $10,921
Provision for loan and lease losses $1,500
Total noninterest income $1,876
Fiduciary activities $0
Service charges on deposit accounts $1,262
Trading account gains & fees $0
Additional noninterest income $614
Total noninterest expense $8,941
Salaries and employee benefits $4,234
Premises and equipment expense $1,051
Additional noninterest expense $3,656
Pre-tax net operating income $2,356
Securities gains (losses) $321
Applicable income taxes $919
Income before extraordinary items $1,758
Extraordinary gains - net $0
Net income attributable to bank $1,758
Net charge-offs $0
Cash dividends $1,758
Sale, conversion, retirement of capital stock, net $2,332
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.57%
Cost of funding earning assets 1.16%
Net interest margin 4.42%
Noninterest income to earning assets 0.76%
Noninterest expense to earning assets 3.62%
Net operating income to assets 0.57%
Return on assets (ROA) 0.65%
Pretax return on assets 0.99%
Return on equity (ROE) 7.26%
Retained earnings to average equity (YTD only) 7.26%
Net charge-offs to loans 1.14%
Credit loss provision to net charge-offs 64.32%
Efficiency ratio1.65%
Assets per employee$69,047
Cash dividends to net income (YTD only)3.50%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.45%
Noncurrent assets plus other real estate owned to assets 125.03%
Noncurrent loans to loans 2.54%
Net loans and leases to deposits1.16%
Net loans and leases to core deposits 85.66%
Equity capital to assets 89.57%
Core capital (leverage) ratio 9.56%
Tier 1 risk-based capital ratio 9.15%
Total risk-based capital ratio 12.57%
Average assets$14
Average earning assets$271,013
Average equity $24,209
Average loans $247,296
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8 Tennessee Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0362261Southeast Bank & Trust1878 South Congress Parkway, Athens, TN 37303April 29, 2002Full Service Brick and Mortar
1363513Decatur Branch17670 State Highway 58 North, Decatur, TN 37322April 29, 2002Full Service Brick and Mortar
3429265Dayton Branch3995 Rhea County Highway, Dayton, TN 37321June 14, 2004Full Service Brick and Mortar
4451185Southeast Bank & Trust Ten Mile Offi2598 State Highway 304, Ten Mile, TN 37880May 15, 2006Full Service Brick and Mortar
5460595Cleveland Branch1701 Keith Street Nw, Cleveland, TN 37311March 05, 2007Full Service Brick and Mortar
6192576Spring City Branch285 Front Street, Spring City, TN 37381Febuary 08, 1975Full Service Brick and Mortar
7480038Southeast Bank & Trust, Loan/Deposit Production Office9203 Lee Highway, Suite 4, Ooltewah, TN 37363July 14, 2008Limited Service Loan Production
8495255Ooltewah Branch9218 Lee Highway, Ooltewah, TN 37363October 08, 2009Full Service Brick and Mortar
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