Tennessee State Bank in Pigeon Forge, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Tennessee State Bank in Pigeon Forge, Tennessee (TN)
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Tennessee State Bank - Overview

  • 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)

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
  • 189Total employees (full-time equivalent)
  • $720,604Total assets
  • $32,617Cash and due from depository institutions
  • $25,595Interest-bearing balances
  • $143,568Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $468,778Net loans & leases
  • $15,686Loan loss allowance
  • $0Trading account assets
  • $22,146Bank premises and fixed assets
  • $32,593Other real estate owned
  • $0Goodwill and other intangibles
  • $720,604Life insurance assets
  • $20,902All other assets
  • $659,601Total liabilities and capital
  • $626,659Total liabilities
  • $571,581Total deposits
  • $626,659Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 3199.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $25,227Trading liabilities
  • $0Other borrowed funds
  • $4,516Subordinated debt
  • $61,003All other liabilities
  • $61,003Total equity capital
  • $61,003Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $22,925Surplus
  • $38,077Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $38,068Income earned, not collected on loans
  • $0Earning assets
  • $2,798Long-term assets (5+ years)
  • $637,941Average Assets, year-to-date
  • $115,818Average Assets, quarterly
  • $745,112Volatile liabilities
  • $730,387Insider loans
  • $554,427FHLB advances
  • $720,136Loans and leases held for sale
  • $8,053Unused loan commitments
  • $8,053Tier 1 (core) risk-based capital
  • $60,109Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $34,763Restructured Loans and leases
  • $26,177Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $32,529Total interest income
  • $7,906Total interest expense
  • $24,623Net interest income
  • $6,750Provision for loan and lease losses
  • $4,646Total noninterest income
  • $0Fiduciary activities
  • $2,484Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,162Additional noninterest income
  • $21,968Total noninterest expense
  • $10,063Salaries and employee benefits
  • $3,354Premises and equipment expense
  • $8,551Additional noninterest expense
  • $551Pre-tax net operating income
  • $165Securities gains (losses)
  • -$901Applicable income taxes
  • $1,617Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,617Net income attributable to bank
  • $0Net charge-offs
  • $1,617Cash dividends
  • $4,810Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.89%Yield on earning assets
  • 1.19%Cost of funding earning assets
  • 3.70%Net interest margin
  • 0.70%Noninterest income to earning assets
  • 3.30%Noninterest expense to earning assets
  • 0.19%Net operating income to assets
  • 0.22%Return on assets (ROA)
  • 0.10%Pretax return on assets
  • 2.83%Return on equity (ROE)
  • 2.83%Retained earnings to average equity (YTD only)
  • 0.96%Net charge-offs to loans
  • 140.33%Credit loss provision to net charge-offs
  • 1.52%Efficiency ratio
  • 75,056Assets per employee
  • 3.81%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.24%Loss allowance to noncurrent loans
  • 41.21%Noncurrent assets plus other real estate owned to assets
  • 9.81%Noncurrent loans to loans
  • 7.86%Net loans and leases to deposits
  • 74.81%Net loans and leases to core deposits
  • 99.07%Equity capital to assets
  • 8.47%Core capital (leverage) ratio
  • 8.35%Tier 1 risk-based capital ratio
  • 10.84%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $745,112Average earning assets
  • $57,115Average equity
  • $664,868Average loans

List of branches

  • 16 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    014310Tennessee State Bank2210 Parkway, Pigeon Forge, TN 37863June 19, 1972Full Service Brick and Mortar
    1251597Sevierville Branch161 Forks Of The River Parkway, Sevierville, TN 37862May 01, 1973Full Service Brick and Mortar
    2251598Parkway Branch727 1/2 Parkway, Gatlinburg, TN 37738August 14, 1974Full Service Brick and Mortar
    3251599Pigeon Forge Branch3155 Parkway, Pigeon Forge, TN 37863July 29, 1977Full Service Brick and Mortar
    5251601Dolly Parton Parkway Branch642 Dolly Parton Parkway, Sevierville, TN 37862October 30, 1992Full Service Brick and Mortar
    6251602South Knoxville Branch3314 Chapman Highway, Knoxville, TN 37920September 01, 1993Full Service Brick and Mortar
    7251603Gatlinburg BranchHighway 73 And Roaring Fork Road, Gatlinburg, TN 37738August 01, 1997Full Service Brick and Mortar
    8251604Seymour Branch10727 Chapman Highway, Seymour, TN 37865April 05, 1999Full Service Brick and Mortar
    9356939Powell Branch7500 Old Clinton Pike, Powell, TN 37849July 10, 2000Full Service Brick and Mortar
    10365835Winnfield Dunn Parkway Branch3307 Winfield Dunn Parkway, Kodak, TN 37764January 07, 2003Full Service Brick and Mortar
    11430577Dolly Parton Parkway Branch #2 Branc1375 Dolly Parton Parkway, Sevierville, TN 37862June 21, 2004Full Service Brick and Mortar
    12466150Wears Valley Branch3177 Wears Valley Road, Sevierville, TN 37862June 18, 2007Full Service Brick and Mortar
    13478917Jefferson City Branch106 W Broadway Boulevard, Jefferson City, TN 37760April 02, 2008Full Service Brick and Mortar
    14480104Newport Branch107 Epley Drive, Newport, TN 37821July 14, 2008Full Service Brick and Mortar
    15492683Mobile Banking Branch #1 Branch2210 Parkway, Pigeon Forge, TN 37863September 25, 2008Full Service Retail
    16492684Turkey Creek Branch11470 Parkside Drive, Farragut, TN 37934January 16, 2009Full Service Brick and Mortar

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