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

The Community Bank of East Tennessee - Overview

  • General
  • FDIC Certificate #: 34847
    Status: Active
    Federal Reserve ID: 2793593
    Date Established: March 22, 1999
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 61803
    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: March 22, 1999
    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: 151 East Broad Street, Clinton, TN 37716
    County: Anderson
    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): Knoxville, TN (#28940)
    CBSA Metro Statistical Area: Knoxville, TN (#28940)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $58.3 mil
    Equity capital: $6.3 mil
    Deposits held in domestic offices: $48.5 mil
    Return on assets (ROA): 0.64% ($0.4 mil)
    Quarterly return on assets: 0.55% ($0.3 mil)
    Return on Equity (ROE): 6.24% ($0.4 mil)
    Quarterly return on equity: 5.06% ($0.3 mil)
    Net income: $0.4 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.66% ($384.9 mil)
    Quarterly Pretax return on assets: 0.55% ($320.7 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
  • 15Total employees (full-time equivalent)
  • $58,316Total assets
  • $11,078Cash and due from depository institutions
  • $9,275Interest-bearing balances
  • $11,466Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $32,286Net loans & leases
  • $842Loan loss allowance
  • $0Trading account assets
  • $2,418Bank premises and fixed assets
  • $50Other real estate owned
  • $0Goodwill and other intangibles
  • $58,317Life insurance assets
  • $1,018All other assets
  • $51,970Total liabilities and capital
  • $48,528Total liabilities
  • $42,076Total deposits
  • $48,528Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 275.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,000Trading liabilities
  • $0Other borrowed funds
  • $167Subordinated debt
  • $6,347All other liabilities
  • $6,347Total equity capital
  • $6,347Total bank equity capital
  • $0Perpetual preferred stock
  • $791Common stock
  • $8,649Surplus
  • $-3,093Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,025Income earned, not collected on loans
  • $0Earning assets
  • $205Long-term assets (5+ years)
  • $53,027Average Assets, year-to-date
  • $6,401Average Assets, quarterly
  • $59,161Volatile liabilities
  • $58,296Insider loans
  • $35,075FHLB advances
  • $58,788Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $6,336Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,711Restructured Loans and leases
  • $1,195Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,465Total interest income
  • $294Total interest expense
  • $2,171Net interest income
  • $172Provision for loan and lease losses
  • $393Total noninterest income
  • $0Fiduciary activities
  • $216Service charges on deposit accounts
  • $0Trading account gains & fees
  • $177Additional noninterest income
  • $2,031Total noninterest expense
  • $747Salaries and employee benefits
  • $369Premises and equipment expense
  • $915Additional noninterest expense
  • $361Pre-tax net operating income
  • $29Securities gains (losses)
  • $12Applicable income taxes
  • $378Income before extraordinary items
  • $0Extraordinary gains - net
  • $378Net income attributable to bank
  • $0Net charge-offs
  • $378Cash dividends
  • $265Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.58%Yield on earning assets
  • 0.55%Cost of funding earning assets
  • 4.04%Net interest margin
  • 0.73%Noninterest income to earning assets
  • 3.78%Noninterest expense to earning assets
  • 0.59%Net operating income to assets
  • 0.64%Return on assets (ROA)
  • 0.66%Pretax return on assets
  • 6.24%Return on equity (ROE)
  • 6.24%Retained earnings to average equity (YTD only)
  • 0.76%Net charge-offs to loans
  • 64.91%Credit loss provision to net charge-offs
  • 2.01%Efficiency ratio
  • 79,212Assets per employee
  • 3.89%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.54%Loss allowance to noncurrent loans
  • 82.15%Noncurrent assets plus other real estate owned to assets
  • 3.03%Noncurrent loans to loans
  • 3.09%Net loans and leases to deposits
  • 66.53%Net loans and leases to core deposits
  • 68.54%Equity capital to assets
  • 10.88%Core capital (leverage) ratio
  • 10.78%Tier 1 risk-based capital ratio
  • 18.06%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $59,161Average earning assets
  • $6,059Average equity
  • $53,797Average loans

List of branches

  • 3 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    061803The Community Bank Of East Tennessee151 East Broad Street, Clinton, TN 37716March 22, 1999Full Service Brick and Mortar
    1365632Ingles Supermarket Branch7466 Oak Ridge Highway, Knoxville, TN 37931November 18, 2002Full Service Retail
    2419199Powell Branch430 E. Emory Road, Powell, TN 37849August 17, 2002Full Service Retail

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