SouthEast Bank & Trust in Athens, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

SouthEast Bank & Trust - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Summary
  • Total 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
  • 76Total employees (full-time equivalent)
  • $266,176Total assets
  • $18,226Cash and due from depository institutions
  • $15,989Interest-bearing balances
  • $27,289Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $199,971Net loans & leases
  • $2,932Loan loss allowance
  • $0Trading account assets
  • $9,159Bank premises and fixed assets
  • $4,423Other real estate owned
  • $497Goodwill and other intangibles
  • $266,176Life insurance assets
  • $6,611All other assets
  • $240,735Total liabilities and capital
  • $233,445Total liabilities
  • $199,840Total deposits
  • $233,445Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,000Trading liabilities
  • $0Other borrowed funds
  • $1,290Subordinated debt
  • $25,441All other liabilities
  • $25,441Total equity capital
  • $25,441Total bank equity capital
  • $0Perpetual preferred stock
  • $1,284Common stock
  • $17,288Surplus
  • $6,869Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $447Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,345Income earned, not collected on loans
  • $0Earning assets
  • $860Long-term assets (5+ years)
  • $243,249Average Assets, year-to-date
  • $54,448Average Assets, quarterly
  • $271,013Volatile liabilities
  • $265,784Insider loans
  • $193,607FHLB advances
  • $266,090Loans and leases held for sale
  • $3,256Unused loan commitments
  • $3,256Tier 1 (core) risk-based capital
  • $24,334Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $36,197Restructured Loans and leases
  • $3,801Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $13,779Total interest income
  • $2,858Total interest expense
  • $10,921Net interest income
  • $1,500Provision for loan and lease losses
  • $1,876Total noninterest income
  • $0Fiduciary activities
  • $1,262Service charges on deposit accounts
  • $0Trading account gains & fees
  • $614Additional noninterest income
  • $8,941Total noninterest expense
  • $4,234Salaries and employee benefits
  • $1,051Premises and equipment expense
  • $3,656Additional noninterest expense
  • $2,356Pre-tax net operating income
  • $321Securities gains (losses)
  • $919Applicable income taxes
  • $1,758Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,758Net income attributable to bank
  • $0Net charge-offs
  • $1,758Cash dividends
  • $2,332Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.57%Yield on earning assets
  • 1.16%Cost of funding earning assets
  • 4.42%Net interest margin
  • 0.76%Noninterest income to earning assets
  • 3.62%Noninterest expense to earning assets
  • 0.57%Net operating income to assets
  • 0.65%Return on assets (ROA)
  • 0.99%Pretax return on assets
  • 7.26%Return on equity (ROE)
  • 7.26%Retained earnings to average equity (YTD only)
  • 1.14%Net charge-offs to loans
  • 64.32%Credit loss provision to net charge-offs
  • 1.65%Efficiency ratio
  • 69,047Assets per employee
  • 3.50%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.45%Loss allowance to noncurrent loans
  • 125.03%Noncurrent assets plus other real estate owned to assets
  • 2.54%Noncurrent loans to loans
  • 1.16%Net loans and leases to deposits
  • 85.66%Net loans and leases to core deposits
  • 89.57%Equity capital to assets
  • 9.56%Core capital (leverage) ratio
  • 9.15%Tier 1 risk-based capital ratio
  • 12.57%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $271,013Average earning assets
  • $24,209Average equity
  • $247,296Average loans

List of branches

  • 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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