Volunteer State Bank in Portland, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Volunteer State Bank - Overview

  • General
  • FDIC Certificate #: 22451
    Status: Active
    Federal Reserve ID: 774132
    Bank Holding Company (Regulatory Top Holder): Volunteer State Bancshares, Inc. (RSSDID: 1080803, Location: Portland, TN)
    Date Established: April 15, 1977
    WWW: http://www.volstatebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 9 (Domestic: 9, Interstate: No)
    OTS Docket #: 12980
    FDIC's unique #: 15648
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: April 15, 1977
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 101 Highway 52 West, Portland, TN 37148
    County: Sumner
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Nashville
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Nashville, TN (#5360)
    Combined Statistical Area (CSA): Nashville-Davidson-Murfreesboro-Columbia, TN (#400)
    Core Based Statistical Area (CBSA): Nashville-Davidson-Murfreesboro-Franklin, TN (#34980)
    CBSA Metro Statistical Area: Nashville-Davidson-Murfreesboro-Franklin, TN (#34980)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $383.7 mil
    Equity capital: $33.5 mil
    Deposits held in domestic offices: $311.8 mil
    Return on assets (ROA): 1.23% ($4.7 mil)
    Quarterly return on assets: 1.63% ($6.3 mil)
    Return on Equity (ROE): 14.61% ($5.0 mil)
    Quarterly return on equity: 18.73% ($6.4 mil)
    Net income: $4.7 mil
    Quarterly Net income: $1.5 mil
    Pretax return on assets: 1.32% ($5,064.4 mil)
    Quarterly Pretax return on assets: 1.75% ($6,714.2 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
  • 185Total employees (full-time equivalent)
  • $383,666Total assets
  • $9,649Cash and due from depository institutions
  • $1,548Interest-bearing balances
  • $26,067Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $319,807Net loans & leases
  • $3,583Loan loss allowance
  • $0Trading account assets
  • $19,076Bank premises and fixed assets
  • $1,555Other real estate owned
  • $0Goodwill and other intangibles
  • $383,666Life insurance assets
  • $7,512All other assets
  • $350,136Total liabilities and capital
  • $311,830Total liabilities
  • $281,985Total deposits
  • $311,830Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $22,000Trading liabilities
  • $0Other borrowed funds
  • $16,306Subordinated debt
  • $33,530All other liabilities
  • $33,530Total equity capital
  • $33,530Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $8,310Surplus
  • $24,720Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $100,605Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,019Income earned, not collected on loans
  • $225Earning assets
  • $1,104Long-term assets (5+ years)
  • $347,422Average Assets, year-to-date
  • $134,377Average Assets, quarterly
  • $378,352Volatile liabilities
  • $376,501Insider loans
  • $289,637FHLB advances
  • $369,617Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $32,552Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $53,735Restructured Loans and leases
  • $1,875Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $17,163Total interest income
  • $3,181Total interest expense
  • $13,982Net interest income
  • $1,579Provision for loan and lease losses
  • $16,703Total noninterest income
  • $0Fiduciary activities
  • $2,133Service charges on deposit accounts
  • $0Trading account gains & fees
  • $14,570Additional noninterest income
  • $24,108Total noninterest expense
  • $12,461Salaries and employee benefits
  • $2,923Premises and equipment expense
  • $8,724Additional noninterest expense
  • $4,998Pre-tax net operating income
  • $0Securities gains (losses)
  • $330Applicable income taxes
  • $4,668Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,668Net income attributable to bank
  • $0Net charge-offs
  • $4,668Cash dividends
  • $1,251Sale, conversion, retirement of capital stock, net
  • $3,155Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.12%Yield on earning assets
  • 0.95%Cost of funding earning assets
  • 4.17%Net interest margin
  • 4.99%Noninterest income to earning assets
  • 7.20%Noninterest expense to earning assets
  • 1.23%Net operating income to assets
  • 1.23%Return on assets (ROA)
  • 1.32%Pretax return on assets
  • 14.61%Return on equity (ROE)
  • 4.74%Retained earnings to average equity (YTD only)
  • 0.41%Net charge-offs to loans
  • 126.22%Credit loss provision to net charge-offs
  • 5.26%Efficiency ratio
  • 78,566Assets per employee
  • 2.07%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 67.59%Loss allowance to loans
  • 1.11%Loss allowance to noncurrent loans
  • 44.68%Noncurrent assets plus other real estate owned to assets
  • 2.63%Noncurrent loans to loans
  • 2.48%Net loans and leases to deposits
  • 102.56%Net loans and leases to core deposits
  • 110.19%Equity capital to assets
  • 8.74%Core capital (leverage) ratio
  • 8.81%Tier 1 risk-based capital ratio
  • 11.24%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $378,352Average earning assets
  • $31,940Average equity
  • $334,957Average loans

List of branches

  • 9 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    015648Volunteer State Bank101 Highway 52 West, Portland, TN 37148April 15, 1977Full Service Brick and Mortar
    1254620Volunteer State Bank Branch615 Nashville Pike, Gallatin, TN 37066May 15, 1980Full Service Brick and Mortar
    46102Orlinda Branch1204 East Church Street, Orlinda, TN 37141January 01, 1904Full Service Brick and Mortar
    5254621Springfield Branch1310 Memorial Boulevard, Springfield, TN 37172Febuary 23, 1987Full Service Brick and Mortar
    9208716White House Branch2920 Highway 31 West, White House, TN 37188January 14, 1974Full Service Brick and Mortar
    10461766New Shackle Island Branch530 New Shackle Island Road, Hendersonville, TN 37075January 04, 2007Full Service Brick and Mortar
    11472670Goodlettsville Branch405 Long Hollow Pike, Goodlettsville, TN 37072March 03, 2008Full Service Brick and Mortar
    12506540East Main Street Branch323 East Main Street, Hendersonville, TN 37075March 29, 2010Full Service Brick and Mortar
    13521601Greensboro Village Branch1553 Nashville Pike, Gallatin, TN 37066April 01, 2011Full Service Brick and Mortar

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