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)
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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

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