The First National Bank of Gatlinburg in Gatlinburg, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 22, 1997

  • The First National Bank of Gatlinburg in Gatlinburg, Tennessee (TN)
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The First National Bank of Gatlinburg - Overview

  • General
  • FDIC Certificate #: 16990
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: BankFirst (#4950)
    Federal Reserve ID: 661933
    Date Established: Febuary 26, 1951
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 8 (Interstate: No)
    OTS Docket #: 14113
    FDIC's unique #: 11063
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: Febuary 26, 1951
    Last Structure Change Effective Date: March 22, 1997
    Last Structure Change Process Date: April 17, 1997
    Last Data Update: April 17, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 811 Parkway, Gatlinburg, TN 37738
    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
  • Financial Summary
  • Total assets: $209.8 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $108Total assets
  • $209,839Cash and due from depository institutions
  • $3,804Interest-bearing balances
  • $0Securities
  • $38,140Federal funds sold & reverse repurchase agreements
  • $3,800Net loans & leases
  • $154,453Loan loss allowance
  • $1,656Trading account assets
  • $0Bank premises and fixed assets
  • $7,127Other real estate owned
  • $216Goodwill and other intangibles
  • $2,198Life insurance assets
  • $101All other assets
  • $0Total liabilities and capital
  • $209,839Total liabilities
  • $196,084Total deposits
  • $194,710Interest-bearing deposits
  • $169,057Deposits held in domestic offices
  • 194710.00%% insured (estimated)
  • $85Federal funds purchased & repurchase agreements
  • $130Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $1,244Total equity capital
  • $1,244Total bank equity capital
  • $13,755Perpetual preferred stock
  • $0Common stock
  • $946Surplus
  • $7,835Undivided profits
  • Memoranda
  • $4,974Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $282Income earned, not collected on loans
  • $1,432Earning assets
  • $196,393Long-term assets (5+ years)
  • $26,774Average Assets, year-to-date
  • $200,457Average Assets, quarterly
  • $209,598Volatile liabilities
  • $35,418Insider loans
  • $5,685FHLB advances
  • $0Loans and leases held for sale
  • $234Unused loan commitments
  • $20,458Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $13,700Total risk weighted assets
  • $154,176Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $17,065Total interest expense
  • $8,140Net interest income
  • $8,925Provision for loan and lease losses
  • $255Total noninterest income
  • $1,635Fiduciary activities
  • $0Service charges on deposit accounts
  • $1,065Trading account gains & fees
  • -$112Additional noninterest income
  • $682Total noninterest expense
  • $7,609Salaries and employee benefits
  • $3,507Premises and equipment expense
  • $1,786Additional noninterest expense
  • $2,316Pre-tax net operating income
  • $2,696Securities gains (losses)
  • $108Applicable income taxes
  • $1,067Income before extraordinary items
  • $1,737Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,737Net charge-offs
  • $122Cash dividends
  • $380Sale, conversion, retirement of capital stock, net
  • $500Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 9.25%Cost of funding earning assets
  • 4.41%Net interest margin
  • 4.84%Noninterest income to earning assets
  • 0.89%Noninterest expense to earning assets
  • 4.12%Net operating income to assets
  • 0.83%Return on assets (ROA)
  • 0.87%Pretax return on assets
  • 1.40%Return on equity (ROE)
  • 13.31%Retained earnings to average equity (YTD only)
  • 10.40%Net charge-offs to loans
  • 0.08%Credit loss provision to net charge-offs
  • 209.02%Efficiency ratio
  • 71,913Assets per employee
  • 1.94%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 21.88%Loss allowance to loans
  • 1.06%Loss allowance to noncurrent loans
  • 587.23%Noncurrent assets plus other real estate owned to assets
  • 0.24%Noncurrent loans to loans
  • 0.18%Net loans and leases to deposits
  • 79.32%Net loans and leases to core deposits
  • 96.88%Equity capital to assets
  • 6.56%Core capital (leverage) ratio
  • 6.49%Tier 1 risk-based capital ratio
  • 8.89%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $200,457Average earning assets
  • $13,048Average equity
  • $184,573Average loans

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