Bank of Tennessee

Headquarters

301 East Center Street
Kingsport, TN 37660
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.62% →
1-Year CD 0.74% 1.55% →
2-Year CD 1.51% 1.45% →
5-Year CD 1.55% 1.66% →
30-Year Mortgage N.A. 3.08% →
15-Year Mortgage N.A. 2.65% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Bank of Tennessee is an FDIC insured institution located in Kingsport, TN. It was founded in 1974 and has approximately $1.41 billion in assets. Customers can open an account at one of its 28 branches.

FDIC Insured Yes
FDIC Certificate # 21573
Date Established 1974
Assets $ 1,414.87 million
Loans $ 1,105.65 million
Deposits $ 1,152.87 million
Capital $ 131.16 million
 

For a more detailed analysis of Bank of Tennessee's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - May 28, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $100 $24,999 Learn More
Money Market
0.20% $2,500 $24,999 Learn More
Money Market
0.30% $25,000 $49,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.05% $2,500 - Learn More
6 Mo CD
0.48% $2,500 - Learn More
12 Mo CD
0.74% $2,500 - Learn More
18 Mo CD
0.92% $2,500 - Learn More
24 Mo CD
1.51% $2,500 - Learn More
30 Mo CD
1.25% $2,500 - Learn More
36 Mo CD
1.35% $2,500 - Learn More
48 Mo CD
1.45% $2,500 - Learn More
60 Mo CD
1.55% $2,500 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.69% $2,500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.05% $100 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $1,000 $24,999 Learn MoreShow Less

Loan Rates - May 28, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Bank of Tennessee

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.952% 2.875% 1.00 $2,485 $1,038 Learn More

Note to Bank of Tennessee
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Branches

Bank of Tennessee branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Bank of Tennessee Locations


Financial Details

Bank of Tennessee Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Tennessee. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Bank of Tennessee U.S. Bank Average
3.18% 6.51%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2019, Bank of Tennessee had $4,342,000 in non-current loans and $80,000 in owned real estate. To cover these potential losses it had $131,161,000 in equity and $7,802,000 in loans loss reserves. That gives it a Texas Ratio of 3.18%.

Return on Equity
Bank of Tennessee U.S. Bank Average
16.41% 9.41%

Bank of Tennessee has a Return on Equity of 16.41% versus the BestCashCow average of 9.41%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Bank of Tennessee U.S. Bank Average
9.27% 12.82%

Bank of Tennessee has a Capitalization of 9.27% versus the BestCashCow average of 12.82. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Bank of Tennessee Balance Sheet Analysis

As of December 31, 2019, Bank of Tennessee had assets of $1,414,865,000, loans of $1,105,649,000, and deposits of $1,152,873,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2019
ASSETS
Cash & Balances due from depository institutions $ 26.94 million
Interest-bearing balances $ 0.36 million
Total securities $ 184.71 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,105.65 million
Loan loss allowance $ 7.80 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.08 million
Goodwill and other intangibles N.A.
All other assets $ 59.30 million
     Total Assets $ 1,283.70 million
LIABILITIES
Total deposits $ 1,152.87 million
      Interest-bearing deposits $ 840.15 million
      Deposits held in domestic offices $ 1,152.87 million
      % insured (estimated) 62.38%
Federal funds purchased and repurchase agreements $ 26.86 million
Trading liabilities N.A.
Other borrowed funds $ 93.99 million
Subordinated debt N.A.
All other liabilities $ 9.98 million
      Total Liabilities $ 1,283.70 million
      Shareholders’ Equity $ 131.16 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 62.48 million
Total Interest Expense $ 12.65 million
Net interest income $ 49.83 million
Provision for loan and lease losses $ 0.51 million
Total non interest income $ 10.51 million
Total non interest expense $ 39.32 million
Pre-tax Net Operating Income $ 20.51 million

Bank Loan Profile?

The top three loan types in Bank of Tennessee’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks in Tennessee, Bank of Tennessee has a significantly higher percent of Multifamily Mortgages on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 31.27
Multifamily
Mortgages
9.31
Credit Card Loans 0.00
Consumer Auto Loans 0.24
Small Business Loans 10.73
Construction and Development Loans 6.19
Commercial Real Estate 38.33
Commercial and Industrial Loans 13.43
Farm Loans 0.04

Frequently Asked Questions About Bank Of Tennessee

Branches and Savings

Is Bank Of Tennessee FDIC insured?

Yes. It is covered under FDIC Certificate #21573.

Why does Bank Of Tennessee pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Bank Of Tennessee CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Bank Of Tennessee a commercial bank?

Yes

Where are Bank Of Tennessee locations?

See branch locations nearby.

Is Bank Of Tennessee open on Saturdays?

Is Bank Of Tennessee open on Sundays?

What time does Bank Of Tennessee open?

What time does Bank Of Tennessee close?

Are Bank Of Tennessee ATMs Open 24/7?

Do Bank Of Tennessee ATMs accept cash deposits?

Can Bank Of Tennessee customers use other ATMs?

Do Bank Of Tennessee branches have notaries?

Will Bank Of Tennessee notarize my document?

What address for Bank Of Tennessee should I put for incoming ACH transfers?

Will the Bank Of Tennessee branch print checks?

Do Bank Of Tennessee checks expire?

Does Bank Of Tennessee require US citizenship to open account?

Can Bank Of Tennessee close my account?

Does Bank Of Tennessee Report to credit bureaus?

Does Bank Of Tennessee Use Equifax?

What is Bank Of Tennessee's ACH Routing Number?

What is Bank Of Tennessee's SWIFT code?

Products

Does Bank Of Tennessee offer mortgages?

Compare mortgage rates here.

Does Bank Of Tennessee offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank Of Tennessee offer personal loans?

Compare personal loan rates here.

Does Bank Of Tennessee offer student loans?

Will Bank Of Tennessee cash a check?

Will Bank Of Tennessee redeem a savings bond?

Does Bank Of Tennessee cash savings bonds?

Will Bank Of Tennessee cash money orders?

Can Bank Of Tennessee issue a money order?

Does Bank Of Tennessee do currency exchange?

Background on The Bank

Who owns Bank Of Tennessee?

How long has Bank Of Tennessee been around?

Can Bank Of Tennessee transfer to other banks?

Does Bank Of Tennessee have quick pay?

Does Bank Of Tennessee accept rolled coins?

Will Bank Of Tennessee accept loose change?

Where is Bank Of Tennessee headquarters?

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