Bank of Tennessee

301 East Center Street
Kingsport, TN 37660

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 21573
Date Established 1974
Assets $1.12 billion
Loans $0.85 billion
Deposits $0.90 billion
Capital $0.10 billion

Bank of Tennessee is an FDIC insured institution located in Kingsport, TN. It was founded in 1974 and has approximately $1.12 billion in assets. Customers can open an account at one of its 26 branches.

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.

Bank Loan Profile?

The top three loan types in Bank of Tennessee’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, 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 37.17
Multifamily
Mortgages
9.70
Credit Card Loans 0.00
Consumer Auto Loans 0.56
Small Business Loans 11.52
Construction and Development Loans 5.19
Commercial Real Estate 34.34
Commercial and Industrial Loans 11.54
Farm Loans 0.10

Deposit Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.05% $500 - Learn MoreShow Less
6 Mo CD 10K
0.10% $500 - Learn MoreShow Less
Savings Rates APY MIN MAX
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
0.30% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA 0K
0.05% $500 - Learn MoreShow Less
MM Rates APY MIN MAX
MM 10K
0.17% $2,500 $24,999 Learn MoreShow Less
MM 25K
0.21% $25,000 $49,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.01% $1,000 $24,999 Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

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 - Virginia 30 Year Fixed Mortgage Rates 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
vLoan
NMLS ID: 2229
License#: MC-5591
4.078% 4.000% 0.38 $2,345 $1,194 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 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:
Ashburn,Virginia


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
Bank of Tennessee U.S. Bank Average
6.76% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, Bank of Tennessee had $6,996,000 in non-current loans and $225,000 in owned real estate. To cover these potential losses it had $99,220,000 in equity and $7,674,000 in loans loss reserves. That gives it a Texas Ratio of 6.76%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Bank of Tennessee U.S. Bank Average
13.32% 8.58

Bank of Tennessee has a Return on Equity of 13.32% versus the BestCashCow average of 8.58. 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
8.84% 12.11

Bank of Tennessee has a Capitalization of 8.84% versus the BestCashCow average of 12.11. 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 June 30, 2017, Bank of Tennessee had assets of $1,123,014,000, loans of $846,298,000, and deposits of $899,914,000. 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.

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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