First Community Bank of East Tennessee

Headquarters

809 West Main Street
Rogersville, TN 37857
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.65% →
1-Year CD 0.45% 0.70% →
2-Year CD 0.60% 0.75% →
5-Year CD 0.85% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

First Community Bank of East Tennessee is an FDIC insured institution located in Rogersville, TN. It was founded in 1993 and has approximately $0.18 billion in assets. Customers can open an account at one of its 6 branches.

FDIC Insured Yes
FDIC Certificate # 33794
Date Established 1993
Assets $ 183.25 million
Loans $ 107.59 million
Deposits $ 151.01 million
Capital $ 21.74 million
 

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

Deposit Rates - June 24, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $50 - Learn More
Money Market
0.10% $1 $9,999 Learn More
Money Market
0.15% $10,000 $24,999 Learn More
Money Market
0.20% $25,000 $49,999 Learn More
CD Rates APY MIN MAX
Special: 5 Mo CD
0.35% $1,000 $1,000,000 Learn More
6 Mo CD
0.25% $1,000 $1,000,000 Learn More
Special: 10 Mo CD
0.50% $1,000 $1,000,000 Learn More
12 Mo CD
0.45% $1,000 $1,000,000 Learn More
Special: 15 Mo CD
0.55% $1,000 $1,000,000 Learn More
18 Mo CD
0.50% $1,000 $1,000,000 Learn More
24 Mo CD
0.60% $1,000 $1,000,000 Learn More
30 Mo CD
0.65% $1,000 $1,000,000 Learn More
36 Mo CD
0.70% $1,000 $1,000,000 Learn More
48 Mo CD
0.80% $1,000 $1,000,000 Learn More
60 Mo CD
0.85% $1,000 $1,000,000 Learn More

Fixed IRA Rates APY MIN MAX
Special: 5 Mo FIRA
0.35% $1,000 $1,000,000 Learn MoreShow Less
Special: 10 Mo FIRA
0.50% $1,000 $1,000,000 Learn MoreShow Less
Special: 15 Mo FIRA
0.55% $1,000 $1,000,000 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $750 - Learn MoreShow Less
 

Loan Rates - June 24, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First Community Bank of East 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 2021

Lender APR Rate (%) Monthly
Payment
Learn More
CIT Bank
NMLS ID: 541760
2.997% 2.950%
0.63 points
$1,508 fees
$1,048 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.990 %
After Intro: 4.840 %
Intro Period: 12 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
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Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info

Note to First Community Bank of East Tennessee
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

First Community Bank of East 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


First Community Bank of East Tennessee Locations


Financial Details

First Community Bank of East Tennessee Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Community Bank of East 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
First Community Bank of East Tennessee U.S. Bank Average
3.3% 5.49%

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, 2020, First Community Bank of East Tennessee had $447,000 in non-current loans and $330,000 in owned real estate. To cover these potential losses it had $21,744,000 in equity and $1,785,000 in loans loss reserves. That gives it a Texas Ratio of 3.3%.

Return on Equity
First Community Bank of East Tennessee U.S. Bank Average
5.74% 9.24%

First Community Bank of East Tennessee has a Return on Equity of 5.74% versus the BestCashCow average of 9.24%. 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
First Community Bank of East Tennessee U.S. Bank Average
11.87% 11.96%

First Community Bank of East Tennessee has a Capitalization of 11.87% versus the BestCashCow average of 11.96. 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.

First Community Bank of East Tennessee Balance Sheet Analysis

As of December 31, 2020, First Community Bank of East Tennessee had assets of $183,245,000, loans of $107,594,000, and deposits of $151,005,000. 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, 2020
ASSETS
Cash & Balances due from depository institutions $ 43.01 million
Interest-bearing balances $ 34.61 million
Total securities $ 16.69 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 107.59 million
Loan loss allowance $ 1.79 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.33 million
Goodwill and other intangibles N.A.
All other assets $ 11.33 million
     Total Assets $ 161.50 million
LIABILITIES
Total deposits $ 151.01 million
      Interest-bearing deposits $ 113.91 million
      Deposits held in domestic offices $ 151.01 million
      % insured (estimated) 80.60%
Federal funds purchased and repurchase agreements $ 2.84 million
Trading liabilities N.A.
Other borrowed funds $ 5.37 million
Subordinated debt N.A.
All other liabilities $ 2.29 million
      Total Liabilities $ 161.50 million
      Shareholders’ Equity $ 21.74 million

Summary Income Statement

December 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 6.41 million
Total Interest Expense $ 0.48 million
Net interest income $ 5.93 million
Provision for loan and lease losses N.A.
Total non interest income $ 1.45 million
Total non interest expense $ 6.04 million
Pre-tax Net Operating Income $ 1.64 million

Bank Loan Profile?

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

Compared to other banks, First Community Bank of East Tennessee’s loan portfolio does not show any specific loan specialty.

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 35.01
Multifamily
Mortgages
0.78
Credit Card Loans 0.00
Consumer Auto Loans 0.21
Small Business Loans 10.10
Construction and Development Loans 11.25
Commercial Real Estate 32.91
Commercial and Industrial Loans 12.42
Farm Loans 0.00

Frequently Asked Questions About First Community Bank Of East Tennessee

Branches and Savings

Is First Community Bank Of East Tennessee FDIC insured?

Yes. It is covered under FDIC Certificate #33794.

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

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

Why are First Community Bank Of East Tennessee CD rates not competitive?

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

Is First Community Bank Of East Tennessee a commercial bank?

Yes

Where are First Community Bank Of East Tennessee locations?

See branch locations nearby.

Is First Community Bank Of East Tennessee open on Saturdays?

Is First Community Bank Of East Tennessee open on Sundays?

What time does First Community Bank Of East Tennessee open?

What time does First Community Bank Of East Tennessee close?

Are First Community Bank Of East Tennessee ATMs Open 24/7?

Do First Community Bank Of East Tennessee ATMs accept cash deposits?

Can First Community Bank Of East Tennessee customers use other ATMs?

Do First Community Bank Of East Tennessee branches have notaries?

Will First Community Bank Of East Tennessee notarize my document?

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

Will the First Community Bank Of East Tennessee branch print checks?

Do First Community Bank Of East Tennessee checks expire?

Does First Community Bank Of East Tennessee require US citizenship to open account?

Can First Community Bank Of East Tennessee close my account?

Does First Community Bank Of East Tennessee Report to credit bureaus?

Does First Community Bank Of East Tennessee Use Equifax?

What is First Community Bank Of East Tennessee's ACH Routing Number?

What is First Community Bank Of East Tennessee's SWIFT code?

Products

Does First Community Bank Of East Tennessee offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does First Community Bank Of East Tennessee offer personal loans?

Compare personal loan rates here.

Does First Community Bank Of East Tennessee offer student loans?

Will First Community Bank Of East Tennessee cash a check?

Will First Community Bank Of East Tennessee redeem a savings bond?

Does First Community Bank Of East Tennessee cash savings bonds?

Will First Community Bank Of East Tennessee cash money orders?

Can First Community Bank Of East Tennessee issue a money order?

Does First Community Bank Of East Tennessee do currency exchange?

Background on The Bank

Who owns First Community Bank Of East Tennessee?

How long has First Community Bank Of East Tennessee been around?

Can First Community Bank Of East Tennessee transfer to other banks?

Does First Community Bank Of East Tennessee have quick pay?

Does First Community Bank Of East Tennessee accept rolled coins?

Will First Community Bank Of East Tennessee accept loose change?

Where is First Community Bank Of East Tennessee headquarters?

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