BankTennessee

Headquarters

1125 W Poplar Ave
Collierville, TN 38017
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 4.45% →
1-Year CD N.A. 5.00% →
2-Year CD N.A. 4.75% →
5-Year CD N.A. 4.55% →
30-Year Mortgage N.A. 0.00% →
15-Year Mortgage N.A. 0.00% →
HELOC N.A. 0.99% →

2023 Overview

General Bank Information

BankTennessee is an FDIC insured institution located in Collierville, TN. It was founded in 1934 and has approximately $0.53 billion in assets. Customers can open an account at one of its 8 branches.

FDIC Insured Yes
FDIC Certificate # 29177
Date Established 1934
Assets $ 532.83 million
Loans $ 450.62 million
Deposits $ 478.05 million
Capital $ 43.56 million
 

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

Deposit Rates - January 30, 2023

Your Current Location: Virginia, VA 20146

 

Loan Rates - January 30, 2023

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for BankTennessee

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 2023

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MortgageResearch.com
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Featured - Virginia Home Equity Line Of Credit Rates 2023

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
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Intro APR 6.990 %
After Intro: 8.000 %
Intro Period: 12 months
$25,000 Learn More
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Third Federal Savings and Loan
Third Federal Savings and Loan
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6.740 %
$0 Learn More
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Note to BankTennessee
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

BankTennessee 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


BankTennessee Locations



Climate Initiatives

BankTennessee is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

Financial Details

BankTennessee Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of BankTennessee. 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
BankTennessee U.S. Bank Average
3.59% 4.06%

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 June 30, 2022, BankTennessee had $1,766,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $43,560,000 in equity and $5,587,000 in loans loss reserves. That gives it a Texas Ratio of 3.59%.

Return on Equity
BankTennessee U.S. Bank Average
18.54% 9.98%

BankTennessee has a Return on Equity of 18.54% versus the BestCashCow average of 9.98%. 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
BankTennessee U.S. Bank Average
8.18% 10.23%

BankTennessee has a Capitalization of 8.18% versus the BestCashCow average of 10.23. 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.

BankTennessee Balance Sheet Analysis

As of June 30, 2022, BankTennessee had assets of $532,829,000, loans of $450,617,000, and deposits of $478,049,000. 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

June 30, 2022
ASSETS
Cash & Balances due from depository institutions $ 30.12 million
Interest-bearing balances $ 25.32 million
Total securities $ 21.94 million
Federal funds sold and reverse repurchase $ 2.02 million
Net loans and leases $ 450.62 million
Loan loss allowance $ 5.59 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 3.15 million
All other assets $ 13.53 million
     Total Assets $ 489.27 million
LIABILITIES
Total deposits $ 478.05 million
      Interest-bearing deposits $ 373.67 million
      Deposits held in domestic offices $ 478.05 million
      % insured (estimated) 70.91%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 9.82 million
Subordinated debt N.A.
All other liabilities $ 1.40 million
      Total Liabilities $ 489.27 million
      Shareholders’ Equity $ 43.56 million

Summary Income Statement

June 30, 2022
INCOME AND EXPENSES
Total Interest Income $ 10.01 million
Total Interest Expense $ 1.19 million
Net interest income $ 8.82 million
Provision for loan and lease losses $ 0.25 million
Total non interest income $ 1.09 million
Total non interest expense $ 5.33 million
Pre-tax Net Operating Income $ 4.32 million

Bank Loan Profile?

The top three loan types in BankTennessee’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Construction and Development Loans.

Compared to other banks in Tennessee, BankTennessee has a significantly higher percent of 1-4 Family Residential Loans 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 55.96
Multifamily
Mortgages
1.57
Credit Card Loans 0.00
Consumer Auto Loans 0.61
Small Business Loans 10.07
Construction and Development Loans 11.95
Commercial Real Estate 16.96
Commercial and Industrial Loans 9.61
Farm Loans 0.00

Customer Reviews for BankTennessee


  • November 4, 2019 |

    CDs 12 Month Rates

    So convenient, the branch is right around the corner and the process (paper work) was minimal. I had some extra cash sitting in a very low interest rate savings account in another state that made sense to improve on. Very happy to improve my rate of return by over 20 times.

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