TriSummit Bank in Kingsport, Tennessee (TN), VA
Overview, Financial Summary, Detailed Financial Reports, Branches


TriSummit Bank - Overview

  • General
  • FDIC Certificate #: 58467
    Status: Active
    Federal Reserve ID: 3546899
    Date Established: Febuary 26, 2007
    WWW: http://www.trisummitbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 4 (Domestic: 4, Interstate: Yes)
    FDIC's unique #: 452541
    Numeric code: 13
    Regulator: FED
    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: Febuary 26, 2007
    Last Structure Change Effective Date: November 16, 2009
    Last Structure Change Process Date: July 30, 2010
    Last Data Update: July 30, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 422 Broad Street, Kingsport, TN 37660
    County: Sullivan
    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): Johnson City-Kingsport-Bristol, TN-VA (#3660)
    Combined Statistical Area (CSA): Johnson City-Kingsport-Bristol (Tri-Cities), TN-VA (#304)
    Core Based Statistical Area (CBSA): Kingsport-Bristol-Bristol, TN-VA (#28700)
    CBSA Metro Statistical Area: Kingsport-Bristol-Bristol, TN-VA (#28700)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $278.6 mil
    Equity capital: $32.5 mil
    Deposits held in domestic offices: $223.0 mil
    Return on assets (ROA): 0.24% ($0.7 mil)
    Quarterly return on assets: 0.38% ($1.1 mil)
    Return on Equity (ROE): 2.20% ($0.7 mil)
    Quarterly return on equity: 3.41% ($1.1 mil)
    Net income: $0.7 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.24% ($668.6 mil)
    Quarterly Pretax return on assets: 0.38% ($1,058.6 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
  • 51Total employees (full-time equivalent)
  • $278,578Total assets
  • $7,339Cash and due from depository institutions
  • $61Interest-bearing balances
  • $106,060Securities
  • $6,067Federal funds sold & reverse repurchase agreements
  • $141,310Net loans & leases
  • $1,499Loan loss allowance
  • $0Trading account assets
  • $13,647Bank premises and fixed assets
  • $355Other real estate owned
  • $0Goodwill and other intangibles
  • $278,578Life insurance assets
  • $3,800All other assets
  • $246,046Total liabilities and capital
  • $222,954Total liabilities
  • $213,064Total deposits
  • $222,954Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 1031.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $21,747Trading liabilities
  • $0Other borrowed funds
  • $314Subordinated debt
  • $32,532All other liabilities
  • $32,532Total equity capital
  • $32,532Total bank equity capital
  • $11,177Perpetual preferred stock
  • $3,209Common stock
  • $29,464Surplus
  • $-11,318Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,429Income earned, not collected on loans
  • $0Earning assets
  • $1,024Long-term assets (5+ years)
  • $253,498Average Assets, year-to-date
  • $147,454Average Assets, quarterly
  • $275,244Volatile liabilities
  • $278,547Insider loans
  • $161,553FHLB advances
  • $279,230Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $30,464Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $28,031Restructured Loans and leases
  • $6,315Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,312Total interest income
  • $3,097Total interest expense
  • $8,215Net interest income
  • $287Provision for loan and lease losses
  • $187Total noninterest income
  • $0Fiduciary activities
  • $99Service charges on deposit accounts
  • $0Trading account gains & fees
  • $88Additional noninterest income
  • $7,498Total noninterest expense
  • $3,642Salaries and employee benefits
  • $1,424Premises and equipment expense
  • $2,432Additional noninterest expense
  • $617Pre-tax net operating income
  • $35Securities gains (losses)
  • $0Applicable income taxes
  • $652Income before extraordinary items
  • $0Extraordinary gains - net
  • $652Net income attributable to bank
  • $0Net charge-offs
  • $652Cash dividends
  • $959Sale, conversion, retirement of capital stock, net
  • $390Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.51%Yield on earning assets
  • 1.23%Cost of funding earning assets
  • 3.27%Net interest margin
  • 0.07%Noninterest income to earning assets
  • 2.99%Noninterest expense to earning assets
  • 0.22%Net operating income to assets
  • 0.24%Return on assets (ROA)
  • 0.24%Pretax return on assets
  • 2.20%Return on equity (ROE)
  • 0.89%Retained earnings to average equity (YTD only)
  • 0.69%Net charge-offs to loans
  • 29.93%Credit loss provision to net charge-offs
  • 0.94%Efficiency ratio
  • 89,241Assets per employee
  • 5.46%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 59.82%Loss allowance to loans
  • 1.05%Loss allowance to noncurrent loans
  • 104.90%Noncurrent assets plus other real estate owned to assets
  • 0.64%Noncurrent loans to loans
  • 1.00%Net loans and leases to deposits
  • 63.38%Net loans and leases to core deposits
  • 77.69%Equity capital to assets
  • 11.68%Core capital (leverage) ratio
  • 10.91%Tier 1 risk-based capital ratio
  • 18.86%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $275,244Average earning assets
  • $29,586Average equity
  • $251,017Average loans

List of branches

  • 3 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0452541Trisummit Bank422 Broad Street, Kingsport, TN 37660Febuary 26, 2007Full Service Brick and Mortar
    1464477Johnson City Branch862 Med Tech Pkwy, Johnson City, TN 37604May 30, 2007Full Service Brick and Mortar
    3510779Tri Summit Bank Branch1999 East Stone Street, Kingsport, TN 37660December 31, 2009Full Service Brick and Mortar
  • 1 Virginia Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    2465724Bristol Financial Center Branch425 State Street, Bristol, VA 24201March 06, 2007Full Service Brick and Mortar

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