The Citizens Bank of East Tennessee in Rogersville, Tennessee (TN)
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| The Citizens Bank of East Tennessee | |
|---|---|
| General | FDIC Certificate #: 9499 Status: Active Federal Reserve ID: 841838 Bank Holding Company (Regulatory Top Holder): Volunteer Bancorp, Inc. (RSSDID: 1143203, Location: Rogersville, TN) Date Established: April 01, 1906 WWW: http://www.citizensbanket.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Domestic: 4, Interstate: No) OTS Docket #: 15837 FDIC's unique #: 6103 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: January 01, 1934 Last Structure Change Effective Date: January 20, 2011 Last Structure Change Process Date: June 22, 2011 Last Data Update: June 22, 2011 Data Source Date: April 05, 2012 |
| Location | Address: 210 East Main Street, Rogersville, TN 37857 County: Hawkins 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): Johnson City-Kingsport-Bristol, TN-VA (#3660) Combined Statistical Area (CSA): Johnson City-Kingsport-Bristol (Tri-Cities), TN-VA (#304) Core Based Statistical Area (CBSA): Kingsport-Bristol-Bristol, TN-VA (#28700) CBSA Metro Statistical Area: Kingsport-Bristol-Bristol, TN-VA (#28700) |
| Financial Summary | Total assets: $128.0 mil Equity capital: $5.6 mil Deposits held in domestic offices: $113.5 mil Return on assets (ROA): -0.64% (-$0.8 mil) Quarterly return on assets: -3.11% (-$4.0 mil) Return on Equity (ROE): -11.74% (-$0.7 mil) Quarterly return on equity: -60.90% (-$3.7 mil) Net income: -$0.8 mil Quarterly Net income: -$1.0 mil Pretax return on assets: -0.64% (-$819.4 mil) Quarterly Pretax return on assets: -3.11% (-$3,981.6 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 42 |
| Total assets | $128,027 |
| Cash and due from depository institutions | $5,700 |
| Interest-bearing balances | $3,310 |
| Securities | $15,277 |
| Federal funds sold & reverse repurchase agreements | $600 |
| Net loans & leases | $93,627 |
| Loan loss allowance | $3,045 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $3,061 |
| Other real estate owned | $5,583 |
| Goodwill and other intangibles | $0 |
| All other assets | $4,179 |
| Life insurance assets | $128,027 |
| Total liabilities and capital | $122,448 |
| Total liabilities | $113,502 |
| Total deposits | $98,048 |
| Interest-bearing deposits | $113,502 |
| Deposits held in domestic offices | $99 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $8,500 |
| Other borrowed funds | $0 |
| Subordinated debt | $446 |
| All other liabilities | $5,579 |
| Total equity capital | $5,579 |
| Total bank equity capital | $5,579 |
| Perpetual preferred stock | $0 |
| Common stock | $667 |
| Surplus | $5,068 |
| Undivided profits | $-156 |
| 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 | $10,438 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $609 |
| Average Assets, year-to-date | $112,814 |
| Average Assets, quarterly | $54,524 |
| Volatile liabilities | $132,068 |
| Insider loans | $129,910 |
| FHLB advances | $89,236 |
| Loans and leases held for sale | $131,326 |
| Unused loan commitments | $2,687 |
| Tier 1 (core) risk-based capital | $2,687 |
| Tier 2 risk-based capital | $5,851 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $5,882 |
| Derivatives | $746 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $5,610 |
| Total interest expense | $1,208 |
| Net interest income | $4,402 |
| Provision for loan and lease losses | $745 |
| Total noninterest income | -$239 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $235 |
| Trading account gains & fees | $0 |
| Additional noninterest income | -$474 |
| Total noninterest expense | $4,800 |
| Salaries and employee benefits | $2,121 |
| Premises and equipment expense | $543 |
| Additional noninterest expense | $2,136 |
| Pre-tax net operating income | -$1,382 |
| Securities gains (losses) | $543 |
| Applicable income taxes | $0 |
| Income before extraordinary items | -$839 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$839 |
| Net charge-offs | $0 |
| Cash dividends | -$839 |
| Sale, conversion, retirement of capital stock, net | $1,423 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.84% |
| Cost of funding earning assets | 1.04% |
| Net interest margin | 3.80% |
| Noninterest income to earning assets | -0.21% |
| Noninterest expense to earning assets | 4.14% |
| Net operating income to assets | -1.05% |
| Return on assets (ROA) | -0.64% |
| Pretax return on assets | -0.64% |
| Return on equity (ROE) | -11.74% |
| Retained earnings to average equity (YTD only) | -11.74% |
| Net charge-offs to loans | 1.42% |
| Credit loss provision to net charge-offs | 52.35% |
| Efficiency ratio | -0.45% |
| Assets per employee | $115,301 |
| Cash dividends to net income (YTD only) | 3.05% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 3.15% |
| Noncurrent assets plus other real estate owned to assets | 29.17% |
| Noncurrent loans to loans | 12.51% |
| Net loans and leases to deposits | 10.80% |
| Net loans and leases to core deposits | 82.49% |
| Equity capital to assets | 83.50% |
| Core capital (leverage) ratio | 4.36% |
| Tier 1 risk-based capital ratio | 4.46% |
| Total risk-based capital ratio | 6.56% |
| Memoranda | |
| Average assets | $8 |
| Average earning assets | $132,068 |
| Average equity | $7,147 |
| Average loans | $115,908 |
| Total Fiduciary and Related Assets (December 31, 2010) (Dollar figures in thousands) | |
| Total fiduciary and related assets | $1 |
| Number of Fiduciary Accounts and Related Asset Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $0 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $0 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $0 |
| Corporate trust and agency accounts | $0 |
| Investment management agency accounts | $0 |
| Other fiduciary accounts | $0 |
| Fiduciary accounts held in foreign offices | $0 |
| Non-managed Assets | $0 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $0 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $0 |
| Corporate trust and agency accounts | $0 |
| Other fiduciary accounts | $0 |
| Fiduciary accounts held in foreign offices | $0 |
| 4 Tennessee Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 6103 | The Citizens Bank Of East Tennessee | 210 East Main Street, Rogersville, TN 37857 | April 01, 1906 | Full Service Brick and Mortar |  |
| 1 | 220283 | Sneedville Branch | 161 West Main Street, Sneedville, TN 37869 | April 27, 1995 | Full Service Brick and Mortar |  |
| 2 | 220284 | Church Hill Branch | 150 South Central Avenue, Church Hill, TN 37642 | August 24, 1995 | Full Service Brick and Mortar | |
| 4 | 526383 | The Citizens Bank Of East Tennessee | 406 West Church Avenue, Knoxville, TN 37902 | October 24, 2011 | Limited Service Loan Production | |
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Based on public records. Inadvertent errors are possible.
BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.