Volunteer Federal Savings and Loan Association of Madisonville in Madisonville, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Volunteer Federal Savings and Loan Association of Madisonville in Madisonville, Tennessee (TN)
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Volunteer Federal Savings and Loan Association of Madisonville - Overview

  • General
  • FDIC Certificate #: 31694
    Status: Active
    Federal Reserve ID: 170275
    Date Established: January 01, 1973
    WWW: http://www.volfed.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 7350
    FDIC's unique #: 44528
    Numeric code: 38
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: March 15, 1974
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 108 Main Street, Madisonville, TN 37354
    County: Monroe
    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
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $176.2 mil
    Equity capital: $21.2 mil
    Deposits held in domestic offices: $125.8 mil
    Return on assets (ROA): 0.72% ($1.3 mil)
    Quarterly return on assets: 0.54% ($1.0 mil)
    Return on Equity (ROE): 6.09% ($1.3 mil)
    Quarterly return on equity: 4.49% ($0.9 mil)
    Net income: $1.3 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.11% ($1,955.3 mil)
    Quarterly Pretax return on assets: 0.87% ($1,532.5 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, 2011)

  • Dollar figures in thousands
  • 65Total employees (full-time equivalent)
  • $176,153Total assets
  • $21,207Cash and due from depository institutions
  • $19,054Interest-bearing balances
  • $1,504Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $140,847Net loans & leases
  • $753Loan loss allowance
  • $0Trading account assets
  • $4,826Bank premises and fixed assets
  • $1,698Other real estate owned
  • $0Goodwill and other intangibles
  • $176,153Life insurance assets
  • $6,071All other assets
  • $154,925Total liabilities and capital
  • $125,769Total liabilities
  • $111,091Total deposits
  • $125,769Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $27,603Trading liabilities
  • $0Other borrowed funds
  • $1,553Subordinated debt
  • $21,228All other liabilities
  • $21,228Total equity capital
  • $21,228Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $21,228Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,994Income earned, not collected on loans
  • $0Earning assets
  • $674Long-term assets (5+ years)
  • $161,405Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $175,185Volatile liabilities
  • $176,722Insider loans
  • $119,142FHLB advances
  • $176,153Loans and leases held for sale
  • $3,425Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $21,228Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $11,669Restructured Loans and leases
  • $220Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,843Total interest income
  • $2,356Total interest expense
  • $6,487Net interest income
  • $353Provision for loan and lease losses
  • $1,049Total noninterest income
  • $0Fiduciary activities
  • $333Service charges on deposit accounts
  • $0Trading account gains & fees
  • $716Additional noninterest income
  • $5,230Total noninterest expense
  • $3,082Salaries and employee benefits
  • $929Premises and equipment expense
  • $1,219Additional noninterest expense
  • $1,953Pre-tax net operating income
  • $0Securities gains (losses)
  • $697Applicable income taxes
  • $1,256Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,256Net income attributable to bank
  • $0Net charge-offs
  • $1,256Cash dividends
  • $225Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.50%Yield on earning assets
  • 1.46%Cost of funding earning assets
  • 4.03%Net interest margin
  • 0.65%Noninterest income to earning assets
  • 3.25%Noninterest expense to earning assets
  • 0.72%Net operating income to assets
  • 0.72%Return on assets (ROA)
  • 1.11%Pretax return on assets
  • 6.09%Return on equity (ROE)
  • 6.09%Retained earnings to average equity (YTD only)
  • 0.16%Net charge-offs to loans
  • 156.89%Credit loss provision to net charge-offs
  • 10.25%Efficiency ratio
  • 69,400Assets per employee
  • 2.71%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.53%Loss allowance to noncurrent loans
  • 37.76%Noncurrent assets plus other real estate owned to assets
  • 2.10%Noncurrent loans to loans
  • 1.41%Net loans and leases to deposits
  • 111.99%Net loans and leases to core deposits
  • 117.08%Equity capital to assets
  • 12.05%Core capital (leverage) ratio
  • 12.05%Tier 1 risk-based capital ratio
  • 17.82%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $175,185Average earning assets
  • $20,624Average equity
  • $160,849Average loans

List of branches

  • 6 Tennessee Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    044528Volunteer Federal Savings And Loan A108 Main Street, Madisonville, TN 37354January 01, 1973Full Service Brick and Mortar
    100285592111 Cherohala Skyway Branch111 Cherohala Skyway, Tellico Plains, TN 37385June 30, 1988Full Service Brick and Mortar
    102285593Vonore Branch1111 Highway 411, Vonore, TN 37885June 30, 1989Full Service Brick and Mortar
    104285595North Street Branch415 East North Street, Sweetwater, TN 37874June 30, 1996Full Service Brick and Mortar
    105461442Madisonville Hwy 68 Branch4650 New Highway 68, Madisonville, TN 37354December 07, 2000Full Service Brick and Mortar
    106461443Sweetwater Hwy 68 Branch906 New Highway 68, Sweetwater, TN 37874June 30, 2006Full Service Brick and Mortar

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