The Community Bank of East Tennessee in Clinton, Tennessee (TN)

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The Community Bank of East Tennessee routing number info

Table of contents:
The Community Bank of East Tennessee
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)15
Total assets$58,316
Cash and due from depository institutions$11,078
Interest-bearing balances$9,275
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$32,286
Loan loss allowance $842
Trading account assets$0
Bank premises and fixed assets$2,418
Other real estate owned$50
Goodwill and other intangibles$0
All other assets$1,018
Life insurance assets$58,317
Total liabilities and capital$51,970
Total liabilities$48,528
Total deposits$42,076
Interest-bearing deposits$48,528
Deposits held in domestic offices$93
% insured (estimated)275.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$3,000
Other borrowed funds $0
Subordinated debt $167
All other liabilities $6,347
Total equity capital$6,347
Total bank equity capital$6,347
Perpetual preferred stock$0
Common stock$791
Undivided profits $-3,093
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 $1,025
Earning assets $0
Long-term assets (5+ years) $205
Average Assets, year-to-date $53,027
Average Assets, quarterly $6,401
Volatile liabilities $59,161
Insider loans $58,296
FHLB advances $35,075
Loans and leases held for sale $58,788
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $6,336
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $2,711
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,465
Total interest expense $294
Net interest income $2,171
Provision for loan and lease losses $172
Total noninterest income $393
Fiduciary activities $0
Service charges on deposit accounts $216
Trading account gains & fees $0
Additional noninterest income $177
Total noninterest expense $2,031
Salaries and employee benefits $747
Premises and equipment expense $369
Additional noninterest expense $915
Pre-tax net operating income $361
Securities gains (losses) $29
Applicable income taxes $12
Income before extraordinary items $378
Extraordinary gains - net $0
Net income attributable to bank $378
Net charge-offs $0
Cash dividends $378
Sale, conversion, retirement of capital stock, net $265
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.58%
Cost of funding earning assets 0.55%
Net interest margin 4.04%
Noninterest income to earning assets 0.73%
Noninterest expense to earning assets 3.78%
Net operating income to assets 0.59%
Return on assets (ROA) 0.64%
Pretax return on assets 0.66%
Return on equity (ROE) 6.24%
Retained earnings to average equity (YTD only) 6.24%
Net charge-offs to loans 0.76%
Credit loss provision to net charge-offs 64.91%
Efficiency ratio2.01%
Assets per employee$79,212
Cash dividends to net income (YTD only)3.89%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.54%
Noncurrent assets plus other real estate owned to assets 82.15%
Noncurrent loans to loans 3.03%
Net loans and leases to deposits3.09%
Net loans and leases to core deposits 66.53%
Equity capital to assets 68.54%
Core capital (leverage) ratio 10.88%
Tier 1 risk-based capital ratio 10.78%
Total risk-based capital ratio 18.06%
Average assets$19
Average earning assets$59,161
Average equity $6,059
Average loans $53,797
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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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