First Vision Bank of Tennessee

Headquarters

1401 North Jackson Street
Tullahoma, TN 37388
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.25% 1.05% →
1-Year CD 0.49% 0.95% →
2-Year CD 0.59% 1.05% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

First Vision Bank of Tennessee is an FDIC insured institution located in Tullahoma, TN. It was founded in 2005 and has approximately $0.29 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 58201
Date Established 2005
Assets $ 289.57 million
Loans $ 212.38 million
Deposits $ 245.49 million
Capital $ 28.49 million
 

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

Deposit Rates - September 23, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.25% $2,500 $4,999 Learn More
Money Market
0.15% $2,500 $2,999 Learn More
Money Market
0.30% $10,000 $14,999 Learn More
Money Market
0.30% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.10% $10,000 $14,999 Learn More
3 Mo CD
0.10% $100,000 $199,999 Learn More
6 Mo CD
0.39% $10,000 $14,999 Learn More
6 Mo CD
0.39% $100,000 $199,999 Learn More
12 Mo CD
0.49% $10,000 $14,999 Learn More
12 Mo CD
0.49% $100,000 $199,999 Learn More
24 Mo CD
0.59% $10,000 $14,999 Learn More
24 Mo CD
0.59% $100,000 $199,999 Learn More
36 Mo CD
0.69% $10,000 $14,999 Learn More
36 Mo CD
0.69% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1 $99 Learn MoreShow Less
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 23, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First Vision 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

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,128 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

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

Branches

First Vision 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


First Vision Bank of Tennessee Locations


Financial Details

First Vision Bank of Tennessee Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Vision 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
First Vision Bank of Tennessee U.S. Bank Average
11.01% 6.94%

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 March 31, 2020, First Vision Bank of Tennessee had $3,277,000 in non-current loans and $140,000 in owned real estate. To cover these potential losses it had $28,490,000 in equity and $2,543,000 in loans loss reserves. That gives it a Texas Ratio of 11.01%.

Return on Equity
First Vision Bank of Tennessee U.S. Bank Average
11.2% 7.80%

First Vision Bank of Tennessee has a Return on Equity of 11.2% versus the BestCashCow average of 7.80%. 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 Vision Bank of Tennessee U.S. Bank Average
9.84% 12.68%

First Vision Bank of Tennessee has a Capitalization of 9.84% versus the BestCashCow average of 12.68. 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 Vision Bank of Tennessee Balance Sheet Analysis

As of March 31, 2020, First Vision Bank of Tennessee had assets of $289,572,000, loans of $212,379,000, and deposits of $245,490,000. 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

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 14.05 million
Interest-bearing balances $ 4.23 million
Total securities $ 18.35 million
Federal funds sold and reverse repurchase $ 30.85 million
Net loans and leases $ 212.38 million
Loan loss allowance $ 2.54 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.14 million
Goodwill and other intangibles N.A.
All other assets $ 5.99 million
     Total Assets $ 261.08 million
LIABILITIES
Total deposits $ 245.49 million
      Interest-bearing deposits $ 200.95 million
      Deposits held in domestic offices $ 245.49 million
      % insured (estimated) 81.75%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 12.00 million
Subordinated debt N.A.
All other liabilities $ 3.59 million
      Total Liabilities $ 261.08 million
      Shareholders’ Equity $ 28.49 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 3.25 million
Total Interest Expense $ 0.84 million
Net interest income $ 2.41 million
Provision for loan and lease losses $ 0.12 million
Total non interest income $ 0.86 million
Total non interest expense $ 2.11 million
Pre-tax Net Operating Income $ 1.05 million

Bank Loan Profile?

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

Compared to other banks in Tennessee, First Vision Bank of Tennessee has a significantly higher percent of Construction and Development 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 30.06
Multifamily
Mortgages
3.03
Credit Card Loans 0.00
Consumer Auto Loans 1.94
Small Business Loans 0.00
Construction and Development Loans 17.61
Commercial Real Estate 33.01
Commercial and Industrial Loans 6.97
Farm Loans 0.92

Frequently Asked Questions About First Vision Bank Of Tennessee

Branches and Savings

Is First Vision Bank Of Tennessee FDIC insured?

Yes. It is covered under FDIC Certificate #58201.

Why does First Vision 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 First Vision Bank Of Tennessee CD rates not competitive?

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

Is First Vision Bank Of Tennessee a commercial bank?

Yes

Where are First Vision Bank Of Tennessee locations?

See branch locations nearby.

Is First Vision Bank Of Tennessee open on Saturdays?

Is First Vision Bank Of Tennessee open on Sundays?

What time does First Vision Bank Of Tennessee open?

What time does First Vision Bank Of Tennessee close?

Are First Vision Bank Of Tennessee ATMs Open 24/7?

Do First Vision Bank Of Tennessee ATMs accept cash deposits?

Can First Vision Bank Of Tennessee customers use other ATMs?

Do First Vision Bank Of Tennessee branches have notaries?

Will First Vision Bank Of Tennessee notarize my document?

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

Will the First Vision Bank Of Tennessee branch print checks?

Do First Vision Bank Of Tennessee checks expire?

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

Can First Vision Bank Of Tennessee close my account?

Does First Vision Bank Of Tennessee Report to credit bureaus?

Does First Vision Bank Of Tennessee Use Equifax?

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

What is First Vision Bank Of Tennessee's SWIFT code?

Products

Does First Vision Bank Of Tennessee offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does First Vision Bank Of Tennessee offer personal loans?

Compare personal loan rates here.

Does First Vision Bank Of Tennessee offer student loans?

Will First Vision Bank Of Tennessee cash a check?

Will First Vision Bank Of Tennessee redeem a savings bond?

Does First Vision Bank Of Tennessee cash savings bonds?

Will First Vision Bank Of Tennessee cash money orders?

Can First Vision Bank Of Tennessee issue a money order?

Does First Vision Bank Of Tennessee do currency exchange?

Background on The Bank

Who owns First Vision Bank Of Tennessee?

How long has First Vision Bank Of Tennessee been around?

Can First Vision Bank Of Tennessee transfer to other banks?

Does First Vision Bank Of Tennessee have quick pay?

Does First Vision Bank Of Tennessee accept rolled coins?

Will First Vision Bank Of Tennessee accept loose change?

Where is First Vision Bank Of Tennessee headquarters?

Customer Reviews for First Vision Bank of Tennessee

There are currently no comments for First Vision Bank of Tennessee. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →