First Volunteer Bank Mortgage Rates, Fees & Info
Chattanooga, TNLEI: 54930095LY1EDFTWAG29
Tax ID: 62-0280730
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Mortgage Data
Bank Data
Review & Overview
First Volunteer Bank is a smaller bank specializing in Refi and Home Purchase loans. First Volunteer Bank has a high proportion of conventional loans. Their top markets by origination volume include: Chattanooga, Cookeville, Knoxville, Dayton, and Nashville among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)First Volunteer Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
359Origination Dollar Volume (All Markets)
$60,845,000Employee count
269Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 196 | $33,930,000 | $173,112 | $0 | 0.00% |
| Cookeville, TN (FHA|USDA|VA) | 31 | $6,075,000 | $195,968 | $0 | 0.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 54 | $5,850,000 | $108,333 | $0 | 0.00% |
| Dayton, TN (FHA|USDA|VA) | 2 | $4,740,000 | $2,370,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 4 | $2,820,000 | $705,000 | $0 | 0.00% |
| Outside of Metro Areas | 26 | $2,330,000 | $89,615 | $0 | 0.00% |
| CLEVELAND, TN (FHA|USDA|VA) | 13 | $2,215,000 | $170,385 | $0 | 0.00% |
| Athens, TN (FHA|USDA|VA) | 14 | $1,200,000 | $85,714 | $0 | 0.00% |
| Lawrenceburg, TN (FHA|USDA|VA) | 6 | $540,000 | $90,000 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 0.00% |
| London, KY (FHA|USDA|VA) | 5 | $325,000 | $65,000 | $0 | 0.00% |
| DALTON, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Crossville, TN (FHA|USDA|VA) | 3 | $135,000 | $45,000 | $0 | 0.00% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 359 | $60,845,000 | $169,485 | $0 | 0.00% |
For 2019, First Volunteer Bank's most frequently originated type of loan was Conventional, with 359 originations.
Loan Reason
For 2019, First Volunteer Bank's most frequently cited loan purpose was Refi, with 236 originations. The 2nd most popular reason was Home Purchase, with 104 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 359 | $60,845,000 | $169,485 | $0 | 0.00% |
For 2019, First Volunteer Bank's most frequently cited loan duration was Other, with 359 originations.
Loan Sizing
2019 saw First Volunteer Bank place emphasis on $100,000 or less loans with 218 originations, totaling $11,240,000 in origination value.
Applicant Income
First Volunteer Bank lent most frequently to those with incomes in the $50k or less range, with 70 originations. The second most popular income band? $50k-75k, with 45 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 359 | $60,845,000 | $169,485 | $0 | 0.00% |
First Volunteer Bank lent most frequently to those with DTI ratios of Exempt%, with 359 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.48%
First Volunteer Bank has a below average approval rate.
Pick Rate
Approvals leading to origination86.63%
First Volunteer Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 359 | $60,845,000 | $169,485 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Trouble during payment process | 3 | 20.0% |
| FIRST HORIZON BANK | VA mortgage | Closing on a mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | Conventional home mortgage | Struggling to pay mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | Conventional home mortgage | Trouble during payment process | 4 | 26.7% |
| FIRST HORIZON BANK | FHA mortgage | Struggling to pay mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | FHA mortgage | Trouble during payment process | 2 | 13.3% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | Other type of mortgage | Trouble during payment process | 1 | 6.7% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| First Volunteer Bank | 105 Betsy Pack Drive Jasper, TN 37347 | Full Service B&M | $40,313 |
| First Volunteer Bank | 106 Highway 20 Summertown, TN 38483 | Full Service B&M | $20,500 |
| First Volunteer Bank | 13108 Highway 28 South Pittsburg, TN 37380 | Full Service B&M | $16,801 |
| First Volunteer Bank | 13108 Highway 28 Whitwell, TN 37397 | Full Service B&M | $22,398 |
| First Volunteer Bank | 137 Ushy 64 Ocoee, TN 37361 | Full Service B&M | $18,548 |
| First Volunteer Bank | 1401 North Locust Avenue Lawrenceburg, TN 38464 | Full Service B&M | $51,536 |
| First Volunteer Bank | 1834 Gunbarrel Rd Chattanooga, TN 37421 | Full Service B&M | $47,865 |
| First Volunteer Bank | 189 Fifth Street Jellico, TN 37762 | Full Service B&M | $10,504 |
| First Volunteer Bank | 210 East Commercial Avenue Monterey, TN 38574 | Full Service B&M | $34,680 |
| First Volunteer Bank | 219 Ward St Benton, TN 37307 | Full Service B&M | $47,766 |
| First Volunteer Bank | 2329 N. Main St La Fayette, GA 30728 | Full Service B&M | $12,951 |
| First Volunteer Bank | 2367 Callahan Drive Knoxville, TN 37912 | Full Service B&M | $12,839 |
| First Volunteer Bank | 244 E Central Ave La Follette, TN 37766 | Full Service B&M | $19,778 |
| First Volunteer Bank | 301 Main St Jacksboro, TN 37757 | Full Service B&M | $68,450 |
| First Volunteer Bank | 318 North Main Street Jamestown, TN 38556 | Full Service B&M | $53,141 |
| First Volunteer Bank | 351 South Willow Avenue Cookeville, TN 38501 | Full Service B&M | $22,538 |
| First Volunteer Bank | 4757 Highway 58 Chattanooga, TN 37416 | Full Service B&M | $25,485 |
| First Volunteer Bank | 5102 Alabama Highway Ringgold, GA 30736 | Full Service B&M | $104,356 |
| First Volunteer Bank | 5109 Hixson Pike Hixson, TN 37343 | Full Service B&M | $31,135 |
| First Volunteer Bank | 515 North Tennessee Avenue Etowah, TN 37331 | Full Service B&M | $42,102 |
| First Volunteer Bank | 6822 S York Hwy Clarkrange, TN 38553 | Full Service B&M | $23,916 |
| First Volunteer Bank | 6825 Shallowford Road Chattanooga, TN 37421 | Full Service B&M | $23,488 |
| First Volunteer Bank | 728 Broad Street Chattanooga, TN 37402 | Full Service B&M | $88,099 |
| First Volunteer Bank | 769 Battlefield Parkway Fort Oglethorpe, GA 30742 | Full Service B&M | $34,288 |
For 2019, First Volunteer Bank had 24 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $52,667 |
| Net interest income | $48,774 |
| Total noninterest income | $11,526 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $3,170 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $8,356 |
| Pre-tax net operating income | $26,853 |
| Securities gains (or losses, -) | $5 |
| Income before extraordinary items | $20,090 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $20,090 |
| Minority interest net income | $0 |
| Net income | $20,090 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $20,086 |
First Volunteer Bank's gross interest income from loans was $52,667,000.
First Volunteer Bank's net interest income from loans was $48,774,000.
First Volunteer Bank's fee based income from loans was $3,170,000.
First Volunteer Bank's net income from loans was $20,090,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $3,893 |
| Provision for credit losses | $230 |
| Total noninterest expense | $33,217 |
| Salaries and employee benefits | $19,461 |
| Premises and equipment expense | $3,052 |
| Additional noninterest expense | $10,704 |
| Applicable income taxes | $6,768 |
| Net charge-offs | $281 |
| Cash dividends | $8,000 |
First Volunteer Bank's interest expense for loans was $3,893,000.
First Volunteer Bank's payroll and benefits expense were $19,461,000.
First Volunteer Bank's property, plant and equipment expenses $3,052,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 0.0% |
| Real Estate loans | 0.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 0.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 1.0% |
| HELOC loans | 0.0% |
| All other family | 2.0% |
| Commercial & industrial loans | 0.0% |
| Personal loans | 0.0% |
| Credit card loans | 0.2% |
| Other individual loans | 0.0% |
| Auto loans | 0.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $860,801 |
| Deposits held in domestic offices | $860,801 |
| Deposits by Individuals, partnerships, and corporations | $789,746 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $70,636 |
| Deposits by Commercial banks and other depository institutions in U.S. | $418 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $188,415 |
| Demand deposits | $138,651 |
| Nontransaction accounts | $672,385 |
| Money market deposit accounts (MMDAs) | $356,529 |
| Other savings deposits (excluding MMDAs) | $132,133 |
| Total time deposits | $183,723 |
| Total time and savings deposits | $722,149 |
| Noninterest-bearing deposits | $265,254 |
| Interest-bearing deposits | $595,547 |
| Retail deposits | $833,066 |
| IRAs and Keogh plan accounts | $38,251 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $997,445 |
| Cash & Balances due from depository institutions | $110,478 |
| Interest-bearing balances | $88,740 |
| Total securities | $28,916 |
| Federal funds sold & reverse repurchase | $500 |
| Net loans and leases | $804,689 |
| Loan and leases loss allowance | $9,697 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $19,921 |
| Other real estate owned | $3,260 |
| Goodwill and other intangibles | $1,088 |
| All other assets | $28,593 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $997,445 |
| Total Liabilities | $868,803 |
| Total deposits | $860,801 |
| Interest-bearing deposits | $595,547 |
| Deposits held in domestic offices | $860,801 |
| % insured (estimated) | $81 |
| Federal funds purchased and repurchase agreements | $3,272 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $4,730 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $804,689 |
| Loan and leases loss allowance | $9,697 |
| Total loans and leases (domestic) | $814,386 |
| All real estate loans | $719,418 |
| Real estate loans in domestic offices | $719,418 |
| Construction and development loans | $107,072 |
| Residential 1-4 family construction | $49,198 |
| Other construction, all land development and other land | $57,874 |
| Loans secured by nonfarm nonresidential properties | $383,720 |
| Nonfarm nonresidential secured by owner-occupied properties | $164,905 |
| Commercial real estate & other non-farm, non-residential | $218,815 |
| Multifamily residential real estate | $26,927 |
| 1-4 family residential loans | $191,740 |
| Farmland loans | $9,959 |
| Loans held in foreign offices | $0 |
| Farm loans | $268 |
| Commercial and industrial loans | $71,120 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $23,188 |
| Credit card loans | $2,562 |
| Related Plans | $1,887 |
| Consumer Auto Loans | $5,515 |
| Other loans to individuals | $13,224 |
| All other loans & leases | $960 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $0 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $0 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $637 |
| Non 1-4 family restructured loans & leases | $527 |
| Total loans and leases (foreign) | $0 |
First Volunteer Bank had $804,689,000 of loans outstanding in 2019. $719,418,000 of loans were in real estate loans. $107,072,000 of loans were in development loans. $26,927,000 of loans were in multifamily mortgage loans. $191,740,000 of loans were in 1-4 family mortgage loans. $268,000 of loans were in farm loans. $2,562,000 of loans were in credit card loans. $5,515,000 of loans were in the auto loan category.
Small Business Loans
| Categorization | # of Loans in Category | $ amount of loans (in 000's) | Average $/loan |
|---|---|---|---|
| Nonfarm, nonresidential loans - <$1MM | 446 | $103,712 | $232,538 |
| Nonfarm, nonresidential loans - <$100k | 86 | $3,566 | $41,465 |
| Nonfarm, nonresidential loans - $100-250k | 166 | $21,481 | $129,404 |
| Nonfarm, nonresidential loans - $250k-1MM | 194 | $78,665 | $405,490 |
| Commercial & Industrial, US addressed loans - <$1MM | 505 | $34,198 | $67,719 |
| Commercial & Industrial, US addressed loans - <$100k | 355 | $6,609 | $18,617 |
| Commercial & Industrial, US addressed loans - $100-250k | 78 | $6,662 | $85,410 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 72 | $20,927 | $290,653 |
| Farmland loans - <$1MM | 28 | $4,612 | $164,714 |
| Farmland loans - <$100k | 8 | $370 | $46,250 |
| Farmland loans - $100-250k | 11 | $1,495 | $135,909 |
| Farmland loans - $250k-1MM | 9 | $2,747 | $305,222 |
| Agriculture operations loans - <$1MM | 10 | $268 | $26,800 |
| Agriculture operations loans - <$100k | 8 | $92 | $11,500 |
| Agriculture operations loans - $100-250k | 2 | $176 | $88,000 |