First Volunteer Bank

Headquarters

728 Broad Street
Chattanooga, TN 37402
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.03% 1.05% →
1-Year CD 0.40% 1.05% →
2-Year CD 0.25% 1.11% →
5-Year CD 0.25% 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

First Volunteer Bank is an FDIC insured institution located in Chattanooga, TN. It was founded in 1904 and has approximately $1.04 billion in assets. Customers can open an account at one of its 24 branches.

FDIC Insured Yes
FDIC Certificate # 10307
Date Established 1904
Assets $ 1,035.42 million
Loans $ 809.49 million
Deposits $ 893.99 million
Capital $ 130.81 million
 

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

Deposit Rates - August 12, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.03% $100 - Learn More
Money Market
0.03% $100 $9,998 Learn More
Money Market
0.03% $9,999 $24,998 Learn More
Money Market
0.08% $24,999 $49,998 Learn More
Premium Money Market Account
0.03% $1,000 $99,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.05% $1,000 $99,999 Learn More
3 Mo CD
0.05% $100,000 $250,000 Learn More
6 Mo CD
0.35% $1,000 $99,999 Learn More
6 Mo CD
0.35% $100,000 $250,000 Learn More
12 Mo CD
0.40% $1,000 $99,999 Learn More
12 Mo CD
0.40% $100,000 $250,000 Learn More
18 Mo CD
0.30% $1,000 $99,999 Learn More
18 Mo CD
0.30% $100,000 $250,000 Learn More
24 Mo CD
0.25% $1,000 $99,999 Learn More
24 Mo CD
0.25% $100,000 $250,000 Learn More
36 Mo CD
0.25% $1,000 $99,999 Learn More
36 Mo CD
0.25% $100,000 $250,000 Learn More
48 Mo CD
0.25% $1,000 $99,999 Learn More
48 Mo CD
0.25% $100,000 $250,000 Learn More
60 Mo CD
0.25% $1,000 $99,999 Learn More
60 Mo CD
0.25% $100,000 $249,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.02% $100 - Learn MoreShow Less

Loan Rates - August 12, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for First Volunteer Bank

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.494% 3.375% 1.00 $3,750 $1,106 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.914% 2.875% 0.50 $1,250 $1,038 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
3.500 %
$25,000 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info

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

Branches

First Volunteer Bank 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


First Volunteer Bank Locations


Financial Details

First Volunteer Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Volunteer Bank. 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 Volunteer Bank U.S. Bank Average
6.45% 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 Volunteer Bank had $5,847,000 in non-current loans and $3,211,000 in owned real estate. To cover these potential losses it had $130,812,000 in equity and $9,714,000 in loans loss reserves. That gives it a Texas Ratio of 6.45%.

Return on Equity
First Volunteer Bank U.S. Bank Average
12.63% 7.80%

First Volunteer Bank has a Return on Equity of 12.63% 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 Volunteer Bank U.S. Bank Average
12.63% 12.68%

First Volunteer Bank has a Capitalization of 12.63% 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 Volunteer Bank Balance Sheet Analysis

As of March 31, 2020, First Volunteer Bank had assets of $1,035,417,000, loans of $809,491,000, and deposits of $893,987,000. 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 $ 145.83 million
Interest-bearing balances $ 123.80 million
Total securities $ 27.75 million
Federal funds sold and reverse repurchase $ 0.50 million
Net loans and leases $ 809.49 million
Loan loss allowance $ 9.71 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 3.21 million
Goodwill and other intangibles $ 1.03 million
All other assets $ 28.40 million
     Total Assets $ 904.61 million
LIABILITIES
Total deposits $ 893.99 million
      Interest-bearing deposits $ 619.60 million
      Deposits held in domestic offices $ 893.99 million
      % insured (estimated) 72.29%
Federal funds purchased and repurchase agreements $ 4.10 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 6.52 million
      Total Liabilities $ 904.61 million
      Shareholders’ Equity $ 130.81 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 12.32 million
Total Interest Expense $ 1.00 million
Net interest income $ 11.32 million
Provision for loan and lease losses $ 0.20 million
Total non interest income $ 2.98 million
Total non interest expense $ 8.63 million
Pre-tax Net Operating Income $ 5.48 million

Bank Loan Profile?

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

Compared to other banks in Tennessee, First Volunteer Bank has a significantly higher percent of Credit Card Loans, Commercial Real Estate 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 23.55
Multifamily
Mortgages
3.47
Credit Card Loans 0.29
Consumer Auto Loans 0.66
Small Business Loans 0.00
Construction and Development Loans 13.06
Commercial Real Estate 47.95
Commercial and Industrial Loans 9.10
Farm Loans 0.03

Frequently Asked Questions About First Volunteer Bank

Branches and Savings

Is First Volunteer Bank FDIC insured?

Yes. It is covered under FDIC Certificate #10307.

Why does First Volunteer Bank pay such low interest on savings accounts?

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

Why are First Volunteer Bank CD rates not competitive?

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

Is First Volunteer Bank a commercial bank?

Yes

Where are First Volunteer Bank locations?

See branch locations nearby.

Is First Volunteer Bank open on Saturdays?

Is First Volunteer Bank open on Sundays?

What time does First Volunteer Bank open?

What time does First Volunteer Bank close?

Are First Volunteer Bank ATMs Open 24/7?

Do First Volunteer Bank ATMs accept cash deposits?

Can First Volunteer Bank customers use other ATMs?

Do First Volunteer Bank branches have notaries?

Will First Volunteer Bank notarize my document?

What address for First Volunteer Bank should I put for incoming ACH transfers?

Will the First Volunteer Bank branch print checks?

Do First Volunteer Bank checks expire?

Does First Volunteer Bank require US citizenship to open account?

Can First Volunteer Bank close my account?

Does First Volunteer Bank Report to credit bureaus?

Does First Volunteer Bank Use Equifax?

What is First Volunteer Bank's ACH Routing Number?

What is First Volunteer Bank's SWIFT code?

Products

Does First Volunteer Bank offer mortgages?

Compare mortgage rates here.

Does First Volunteer Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Volunteer Bank offer personal loans?

Compare personal loan rates here.

Does First Volunteer Bank offer student loans?

Will First Volunteer Bank cash a check?

Will First Volunteer Bank redeem a savings bond?

Does First Volunteer Bank cash savings bonds?

Will First Volunteer Bank cash money orders?

Can First Volunteer Bank issue a money order?

Does First Volunteer Bank do currency exchange?

Background on The Bank

Who owns First Volunteer Bank?

How long has First Volunteer Bank been around?

Can First Volunteer Bank transfer to other banks?

Does First Volunteer Bank have quick pay?

Does First Volunteer Bank accept rolled coins?

Will First Volunteer Bank accept loose change?

Where is First Volunteer Bank headquarters?

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