Southern Heritage Bank in Cleveland, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Southern Heritage Bank - Overview

  • General
  • FDIC Certificate #: 35093
    Status: Active
    Federal Reserve ID: 2798897
    Bank Holding Company (Regulatory Top Holder): Southern Heritage Bancshares, Inc. (RSSDID: 3262779, Location: Cleveland, TN)
    Date Established: April 12, 1999
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 74671
    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 12, 1999
    Last Structure Change Effective Date: May 02, 2006
    Last Structure Change Process Date: May 12, 2006
    Last Data Update: May 12, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 3020 Keith Street, Cleveland, TN 37312
    County: Bradley
    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): Cleveland, TN (#17420)
    CBSA Metro Statistical Area: Cleveland, TN (#17420)
  • Financial Summary
  • Total assets: $223.7 mil
    Equity capital: $28.3 mil
    Deposits held in domestic offices: $193.2 mil
    Return on assets (ROA): 1.07% ($2.4 mil)
    Quarterly return on assets: 0.69% ($1.5 mil)
    Return on Equity (ROE): 8.73% ($2.4 mil)
    Quarterly return on equity: 5.55% ($1.6 mil)
    Net income: $2.3 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 1.45% ($3,243.0 mil)
    Quarterly Pretax return on assets: 0.88% ($1,968.1 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
  • 65Total employees (full-time equivalent)
  • $223,653Total assets
  • $12,998Cash and due from depository institutions
  • $101Interest-bearing balances
  • $55,893Securities
  • $4,516Federal funds sold & reverse repurchase agreements
  • $140,206Net loans & leases
  • $2,594Loan loss allowance
  • $0Trading account assets
  • $4,516Bank premises and fixed assets
  • $1,959Other real estate owned
  • $0Goodwill and other intangibles
  • $223,653Life insurance assets
  • $3,565All other assets
  • $195,357Total liabilities and capital
  • $193,156Total liabilities
  • $159,910Total deposits
  • $193,156Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 808.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,393Subordinated debt
  • $28,296All other liabilities
  • $28,296Total equity capital
  • $28,296Total bank equity capital
  • $0Perpetual preferred stock
  • $1,025Common stock
  • $19,310Surplus
  • $7,961Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $2,534Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,322Income earned, not collected on loans
  • $0Earning assets
  • $1,030Long-term assets (5+ years)
  • $200,716Average Assets, year-to-date
  • $59,638Average Assets, quarterly
  • $217,134Volatile liabilities
  • $225,269Insider loans
  • $169,018FHLB advances
  • $223,358Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $27,349Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $30,037Restructured Loans and leases
  • $11,003Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,642Total interest income
  • $1,803Total interest expense
  • $7,839Net interest income
  • $680Provision for loan and lease losses
  • $2,624Total noninterest income
  • $2Fiduciary activities
  • $549Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,073Additional noninterest income
  • $6,784Total noninterest expense
  • $3,612Salaries and employee benefits
  • $765Premises and equipment expense
  • $2,407Additional noninterest expense
  • $2,999Pre-tax net operating income
  • $157Securities gains (losses)
  • $833Applicable income taxes
  • $2,323Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,323Net income attributable to bank
  • $0Net charge-offs
  • $2,323Cash dividends
  • $1,416Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.96%Yield on earning assets
  • 0.93%Cost of funding earning assets
  • 4.03%Net interest margin
  • 1.35%Noninterest income to earning assets
  • 3.49%Noninterest expense to earning assets
  • 1.02%Net operating income to assets
  • 1.07%Return on assets (ROA)
  • 1.45%Pretax return on assets
  • 8.73%Return on equity (ROE)
  • 8.73%Retained earnings to average equity (YTD only)
  • 1.00%Net charge-offs to loans
  • 48.02%Credit loss provision to net charge-offs
  • 2.60%Efficiency ratio
  • 64,838Assets per employee
  • 3.44%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.82%Loss allowance to noncurrent loans
  • 111.71%Noncurrent assets plus other real estate owned to assets
  • 1.91%Noncurrent loans to loans
  • 1.63%Net loans and leases to deposits
  • 72.59%Net loans and leases to core deposits
  • 78.23%Equity capital to assets
  • 12.65%Core capital (leverage) ratio
  • 12.24%Tier 1 risk-based capital ratio
  • 16.18%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $217,134Average earning assets
  • $26,598Average equity
  • $194,410Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $296Managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $296Other retirement accounts
  • $296Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 3 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    074671Southern Heritage Bank3020 Keith Street, Cleveland, TN 37312April 12, 1999Full Service Brick and Mortar
    1340776Waterville Springs Office Branch2530 Dalton Pike, Cleveland, TN 37323April 25, 2000Full Service Brick and Mortar
    2360771Georgetown Branch3795 Georgetown Road, Cleveland, TN 37312March 07, 2001Full Service Brick and Mortar

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