The Citizens Bank of East Tennessee in Rogersville, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • The Citizens Bank of East Tennessee in Rogersville, Tennessee (TN)
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The Citizens Bank of East Tennessee - Overview

  • 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)

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
  • 42Total employees (full-time equivalent)
  • $128,027Total assets
  • $5,700Cash and due from depository institutions
  • $3,310Interest-bearing balances
  • $15,277Securities
  • $600Federal funds sold & reverse repurchase agreements
  • $93,627Net loans & leases
  • $3,045Loan loss allowance
  • $0Trading account assets
  • $3,061Bank premises and fixed assets
  • $5,583Other real estate owned
  • $0Goodwill and other intangibles
  • $128,027Life insurance assets
  • $4,179All other assets
  • $122,448Total liabilities and capital
  • $113,502Total liabilities
  • $98,048Total deposits
  • $113,502Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $8,500Trading liabilities
  • $0Other borrowed funds
  • $446Subordinated debt
  • $5,579All other liabilities
  • $5,579Total equity capital
  • $5,579Total bank equity capital
  • $0Perpetual preferred stock
  • $667Common stock
  • $5,068Surplus
  • $-156Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $10,438Income earned, not collected on loans
  • $0Earning assets
  • $609Long-term assets (5+ years)
  • $112,814Average Assets, year-to-date
  • $54,524Average Assets, quarterly
  • $132,068Volatile liabilities
  • $129,910Insider loans
  • $89,236FHLB advances
  • $131,326Loans and leases held for sale
  • $2,687Unused loan commitments
  • $2,687Tier 1 (core) risk-based capital
  • $5,851Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,882Restructured Loans and leases
  • $746Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,610Total interest income
  • $1,208Total interest expense
  • $4,402Net interest income
  • $745Provision for loan and lease losses
  • -$239Total noninterest income
  • $0Fiduciary activities
  • $235Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$474Additional noninterest income
  • $4,800Total noninterest expense
  • $2,121Salaries and employee benefits
  • $543Premises and equipment expense
  • $2,136Additional noninterest expense
  • -$1,382Pre-tax net operating income
  • $543Securities gains (losses)
  • $0Applicable income taxes
  • -$839Income before extraordinary items
  • $0Extraordinary gains - net
  • -$839Net income attributable to bank
  • $0Net charge-offs
  • -$839Cash dividends
  • $1,423Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.84%Yield on earning assets
  • 1.04%Cost of funding earning assets
  • 3.80%Net interest margin
  • -0.21%Noninterest income to earning assets
  • 4.14%Noninterest expense to earning assets
  • -1.05%Net operating income to assets
  • -0.64%Return on assets (ROA)
  • -0.64%Pretax return on assets
  • -11.74%Return on equity (ROE)
  • -11.74%Retained earnings to average equity (YTD only)
  • 1.42%Net charge-offs to loans
  • 52.35%Credit loss provision to net charge-offs
  • -0.45%Efficiency ratio
  • 115,301Assets per employee
  • 3.05%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.15%Loss allowance to noncurrent loans
  • 29.17%Noncurrent assets plus other real estate owned to assets
  • 12.51%Noncurrent loans to loans
  • 10.80%Net loans and leases to deposits
  • 82.49%Net loans and leases to core deposits
  • 83.50%Equity capital to assets
  • 4.36%Core capital (leverage) ratio
  • 4.46%Tier 1 risk-based capital ratio
  • 6.56%Total risk-based capital ratio
  • Memoranda
  • $8Average assets
  • $132,068Average earning assets
  • $7,147Average equity
  • $115,908Average loans

Total Fiduciary and Related Assets (December 31, 2010)

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

List of branches

  • 4 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06103The Citizens Bank Of East Tennessee210 East Main Street, Rogersville, TN 37857April 01, 1906Full Service Brick and Mortar
    1220283Sneedville Branch161 West Main Street, Sneedville, TN 37869April 27, 1995Full Service Brick and Mortar
    2220284Church Hill Branch150 South Central Avenue, Church Hill, TN 37642August 24, 1995Full Service Brick and Mortar
    4526383The Citizens Bank Of East Tennessee406 West Church Avenue, Knoxville, TN 37902October 24, 2011Limited Service Loan Production

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