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

This bank is inactive as of January 22, 2011

  • The First National Bank of La Follette in La Follette, Tennessee (TN)
  • Show street view No street view available for this location

The First National Bank of La Follette - Overview

  • General
  • FDIC Certificate #: 4944
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Community Trust Bank, Inc. (#2720)
    Federal Reserve ID: 4138
    Date Established: Febuary 12, 1904
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Interstate: No)
    OTS Docket #: 11573
    FDIC's unique #: 3287
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: January 22, 2011
    Last Structure Change Process Date: March 25, 2011
    Last Data Update: March 25, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 106 South Tennessee Avenue, La Follette, TN 37766
    County: Campbell
    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
    Combined Statistical Area (CSA): Knoxville-Sevierville-La Follette, TN (#314)
    Core Based Statistical Area (CBSA): La Follette, TN (#29220)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $193.7 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, 2010)

  • Dollar figures in thousands
  • 57Total employees (full-time equivalent)
  • $193,679Total assets
  • $30,348Cash and due from depository institutions
  • $26,188Interest-bearing balances
  • $29,173Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $119,101Net loans & leases
  • $0Loan loss allowance
  • $0Trading account assets
  • $7,592Bank premises and fixed assets
  • $2,772Other real estate owned
  • $1,184Goodwill and other intangibles
  • $0Life insurance assets
  • $3,509All other assets
  • $193,679Total liabilities and capital
  • $176,388Total liabilities
  • $173,274Total deposits
  • $151,419Interest-bearing deposits
  • $173,274Deposits held in domestic offices
  • 89.75%% insured (estimated)
  • $1,169Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $1,183Other borrowed funds
  • $0Subordinated debt
  • $762All other liabilities
  • $17,291Total equity capital
  • $17,291Total bank equity capital
  • $17,291Perpetual preferred stock
  • $0Common stock
  • $300Surplus
  • $3,212Undivided profits
  • Memoranda
  • $13,779Noncurrent loans and leases
  • $9,795Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,215Earning assets
  • $0Long-term assets (5+ years)
  • $657Average Assets, year-to-date
  • $174,462Average Assets, quarterly
  • $49,779Volatile liabilities
  • $185,042Insider loans
  • $186,351FHLB advances
  • $52,596Loans and leases held for sale
  • $1,592Unused loan commitments
  • $1,183Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $9,795Total unused commitments
  • $464Restructured Loans and leases
  • $22Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $9,558Total interest income
  • $2,310Total interest expense
  • $7,248Net interest income
  • $1,557Provision for loan and lease losses
  • $1,560Total noninterest income
  • $0Fiduciary activities
  • $736Service charges on deposit accounts
  • $0Trading account gains & fees
  • $824Additional noninterest income
  • $7,593Total noninterest expense
  • $2,918Salaries and employee benefits
  • $621Premises and equipment expense
  • $4,054Additional noninterest expense
  • -$342Pre-tax net operating income
  • $29Securities gains (losses)
  • $0Applicable income taxes
  • -$313Income before extraordinary items
  • $0Extraordinary gains - net
  • -$313Net income attributable to bank
  • $0Net charge-offs
  • -$313Cash dividends
  • $1,325Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.76%Yield on earning assets
  • 1.39%Cost of funding earning assets
  • 4.37%Net interest margin
  • 0.94%Noninterest income to earning assets
  • 4.58%Noninterest expense to earning assets
  • -0.18%Net operating income to assets
  • -0.17%Return on assets (ROA)
  • -0.17%Pretax return on assets
  • -1.94%Return on equity (ROE)
  • -1.94%Retained earnings to average equity (YTD only)
  • 1.06%Net charge-offs to loans
  • 117.51%Credit loss provision to net charge-offs
  • 0.92%Efficiency ratio
  • 86,206Assets per employee
  • 3.40%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.00%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 2.57%Noncurrent loans to loans
  • 1.86%Net loans and leases to deposits
  • 68.74%Net loans and leases to core deposits
  • 97.73%Equity capital to assets
  • 8.93%Core capital (leverage) ratio
  • 8.66%Tier 1 risk-based capital ratio
  • 13.76%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $185,042Average earning assets
  • $16,113Average equity
  • $165,959Average loans

Comment about this bank, ask questions, or add new information about it:

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The First National Bank of La Follette.
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.
Table of Contents