Tennessee State Bank in Pigeon Forge, Tennessee (TN)
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| Tennessee State Bank | |
|---|---|
| General | FDIC Certificate #: 20720 Status: Active Federal Reserve ID: 479839 Bank Holding Company (Regulatory Top Holder): Tennessee State Bancshares, Inc. (RSSDID: 1142242, Location: Pigeon Forge, TN) Date Established: June 19, 1972 WWW: http://www.tnstatebank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 16 (Domestic: 16, Interstate: No) OTS Docket #: 11594 FDIC's unique #: 14310 Numeric code: 13 Regulator: FED 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: June 19, 1972 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012 |
| Location | Address: 2210 Parkway, Pigeon Forge, TN 37863 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 |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $720.6 mil Equity capital: $61.0 mil Deposits held in domestic offices: $626.7 mil Return on assets (ROA): 0.22% ($1.6 mil) Quarterly return on assets: 1.42% ($10.2 mil) Return on Equity (ROE): 2.83% ($1.7 mil) Quarterly return on equity: 17.37% ($10.6 mil) Net income: $1.6 mil Quarterly Net income: $2.6 mil Pretax return on assets: 0.10% ($720.6 mil) Quarterly Pretax return on assets: 0.94% ($6,773.7 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 189 |
| Total assets | $720,604 |
| Cash and due from depository institutions | $32,617 |
| Interest-bearing balances | $25,595 |
| Securities | $143,568 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $468,778 |
| Loan loss allowance | $15,686 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $22,146 |
| Other real estate owned | $32,593 |
| Goodwill and other intangibles | $0 |
| All other assets | $20,902 |
| Life insurance assets | $720,604 |
| Total liabilities and capital | $659,601 |
| Total liabilities | $626,659 |
| Total deposits | $571,581 |
| Interest-bearing deposits | $626,659 |
| Deposits held in domestic offices | $84 |
| % insured (estimated) | 3199.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $25,227 |
| Other borrowed funds | $0 |
| Subordinated debt | $4,516 |
| All other liabilities | $61,003 |
| Total equity capital | $61,003 |
| Total bank equity capital | $61,003 |
| Perpetual preferred stock | $0 |
| Common stock | $1 |
| Surplus | $22,925 |
| Undivided profits | $38,077 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $38,068 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $2,798 |
| Average Assets, year-to-date | $637,941 |
| Average Assets, quarterly | $115,818 |
| Volatile liabilities | $745,112 |
| Insider loans | $730,387 |
| FHLB advances | $554,427 |
| Loans and leases held for sale | $720,136 |
| Unused loan commitments | $8,053 |
| Tier 1 (core) risk-based capital | $8,053 |
| Tier 2 risk-based capital | $60,109 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $34,763 |
| Derivatives | $26,177 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $32,529 |
| Total interest expense | $7,906 |
| Net interest income | $24,623 |
| Provision for loan and lease losses | $6,750 |
| Total noninterest income | $4,646 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $2,484 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $2,162 |
| Total noninterest expense | $21,968 |
| Salaries and employee benefits | $10,063 |
| Premises and equipment expense | $3,354 |
| Additional noninterest expense | $8,551 |
| Pre-tax net operating income | $551 |
| Securities gains (losses) | $165 |
| Applicable income taxes | -$901 |
| Income before extraordinary items | $1,617 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $1,617 |
| Net charge-offs | $0 |
| Cash dividends | $1,617 |
| Sale, conversion, retirement of capital stock, net | $4,810 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.89% |
| Cost of funding earning assets | 1.19% |
| Net interest margin | 3.70% |
| Noninterest income to earning assets | 0.70% |
| Noninterest expense to earning assets | 3.30% |
| Net operating income to assets | 0.19% |
| Return on assets (ROA) | 0.22% |
| Pretax return on assets | 0.10% |
| Return on equity (ROE) | 2.83% |
| Retained earnings to average equity (YTD only) | 2.83% |
| Net charge-offs to loans | 0.96% |
| Credit loss provision to net charge-offs | 140.33% |
| Efficiency ratio | 1.52% |
| Assets per employee | $75,056 |
| Cash dividends to net income (YTD only) | 3.81% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 3.24% |
| Noncurrent assets plus other real estate owned to assets | 41.21% |
| Noncurrent loans to loans | 9.81% |
| Net loans and leases to deposits | 7.86% |
| Net loans and leases to core deposits | 74.81% |
| Equity capital to assets | 99.07% |
| Core capital (leverage) ratio | 8.47% |
| Tier 1 risk-based capital ratio | 8.35% |
| Total risk-based capital ratio | 10.84% |
| Memoranda | |
| Average assets | $12 |
| Average earning assets | $745,112 |
| Average equity | $57,115 |
| Average loans | $664,868 |
| 16 Tennessee Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 14310 | Tennessee State Bank | 2210 Parkway, Pigeon Forge, TN 37863 | June 19, 1972 | Full Service Brick and Mortar |  |
| 1 | 251597 | Sevierville Branch | 161 Forks Of The River Parkway, Sevierville, TN 37862 | May 01, 1973 | Full Service Brick and Mortar |  |
| 2 | 251598 | Parkway Branch | 727 1/2 Parkway, Gatlinburg, TN 37738 | August 14, 1974 | Full Service Brick and Mortar | |
| 3 | 251599 | Pigeon Forge Branch | 3155 Parkway, Pigeon Forge, TN 37863 | July 29, 1977 | Full Service Brick and Mortar | |
| 5 | 251601 | Dolly Parton Parkway Branch | 642 Dolly Parton Parkway, Sevierville, TN 37862 | October 30, 1992 | Full Service Brick and Mortar | |
| 6 | 251602 | South Knoxville Branch | 3314 Chapman Highway, Knoxville, TN 37920 | September 01, 1993 | Full Service Brick and Mortar | |
| 7 | 251603 | Gatlinburg Branch | Highway 73 And Roaring Fork Road, Gatlinburg, TN 37738 | August 01, 1997 | Full Service Brick and Mortar | |
| 8 | 251604 | Seymour Branch | 10727 Chapman Highway, Seymour, TN 37865 | April 05, 1999 | Full Service Brick and Mortar | |
| 9 | 356939 | Powell Branch | 7500 Old Clinton Pike, Powell, TN 37849 | July 10, 2000 | Full Service Brick and Mortar | |
| 10 | 365835 | Winnfield Dunn Parkway Branch | 3307 Winfield Dunn Parkway, Kodak, TN 37764 | January 07, 2003 | Full Service Brick and Mortar | |
| 11 | 430577 | Dolly Parton Parkway Branch #2 Branc | 1375 Dolly Parton Parkway, Sevierville, TN 37862 | June 21, 2004 | Full Service Brick and Mortar | |
| 12 | 466150 | Wears Valley Branch | 3177 Wears Valley Road, Sevierville, TN 37862 | June 18, 2007 | Full Service Brick and Mortar | |
| 13 | 478917 | Jefferson City Branch | 106 W Broadway Boulevard, Jefferson City, TN 37760 | April 02, 2008 | Full Service Brick and Mortar | |
| 14 | 480104 | Newport Branch | 107 Epley Drive, Newport, TN 37821 | July 14, 2008 | Full Service Brick and Mortar | |
| 15 | 492683 | Mobile Banking Branch #1 Branch | 2210 Parkway, Pigeon Forge, TN 37863 | September 25, 2008 | Full Service Retail | |
| 16 | 492684 | Turkey Creek Branch | 11470 Parkside Drive, Farragut, TN 37934 | January 16, 2009 | Full Service Brick and Mortar | |
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