Tnbank Mortgage Rates, Fees & Info

Oak Ridge, TN

LEI: 549300CQMDOXGP2WE649

Tax ID: 62-1574281

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & Overview

Tnbank is a smaller bank specializing in various types of mortgages.

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Originations

Origination Dollar Volume (All Markets)

Employee count

Complaints

Bank Name	Product	Issue	2021 CPFB Complaints	% of Total Issues
TOWNEBANK	Conventional home mortgage	Closing on a mortgage	1	50.0%
TOWNEBANK	VA mortgage	Applying for a mortgage or refinancing an existing mortgage	1	50.0%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Tnbank	1005 North Cedar Bluff Road Knoxville, TN 37923	Full Service B&M	$23,370
Tnbank	11200 Kingston Pike Knoxville, TN 37922	Full Service B&M	$28,546
Tnbank	1311 West Lamar Alexander Parkway Maryville, TN 37801	Full Service B&M	$45,721
Tnbank	401 South Illinois Avenue Oak Ridge, TN 37830	Full Service B&M	$105,243
Tnbank	900 Oak Ridge Turnpike Oak Ridge, TN 37830	Full Service B&M	$33,858

For 2021, Tnbank had 5 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$10,710
Net interest income	$10,041
Total noninterest income	$3,105
Gross Fiduciary activities income	$7
Service charges on deposit accounts	$102
Trading account gains and fees	$0
Additional Noninterest Income	$2,996
Pre-tax net operating income	$4,882
Securities gains (or losses, -)	$0
Income before extraordinary items	$3,552
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$3,552
Minority interest net income	$0
Net income	$3,552
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$3,552

Tnbank's gross interest income from loans was $10,710,000.
Tnbank's net interest income from loans was $10,041,000.
Tnbank's fee based income from loans was $102,000.
Tnbank's net income from loans was $3,552,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$669
Provision for credit losses	$0
Total noninterest expense	$8,264
Salaries and employee benefits	$4,267
Premises and equipment expense	$900
Additional noninterest expense	$3,097
Applicable income taxes	$1,330
Net charge-offs	$102
Cash dividends	$430

Tnbank's interest expense for loans was $669,000.
Tnbank's payroll and benefits expense were $4,267,000.
Tnbank's property, plant and equipment expenses $900,000.

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	1.0%
All other family	1.0%
Commercial & industrial loans	0.0%
Personal loans	0.0%
Credit card loans	0.0%
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	$247,980
Deposits held in domestic offices	$247,980
Deposits by Individuals, partnerships, and corporations	$236,965
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$8,197
Deposits by Commercial banks and other depository institutions in U.S.	$2,817
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$136,539
Demand deposits	$72,403
Nontransaction accounts	$111,440
Money market deposit accounts (MMDAs)	$26,099
Other savings deposits (excluding MMDAs)	$52,939
Total time deposits	$32,401
Total time and savings deposits	$175,576
Noninterest-bearing deposits	$26,108
Interest-bearing deposits	$221,872
Retail deposits	$243,870
IRAs and Keogh plan accounts	$5,161
Brokered deposits	$63
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$289,271
Cash & Balances due from depository institutions	$28,437
Interest-bearing balances	$24,808
Total securities	$48,032
Federal funds sold & reverse repurchase	$5,397
Net loans and leases	$193,161
Loan and leases loss allowance	$2,124
Trading account assets	$0
Bank premises and fixed assets	$5,283
Other real estate owned	$0
Goodwill and other intangibles	$0
All other assets	$8,961

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$289,271
Total Liabilities	$262,832
Total deposits	$247,980
Interest-bearing deposits	$221,872
Deposits held in domestic offices	$247,980
% insured (estimated)	$78
Federal funds purchased and repurchase agreements	$5,042
Trading liabilities	$0
Other borrowed funds	$8,000
Subordinated debt	$0
All other liabilities	$1,810

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$193,161
Loan and leases loss allowance	$2,124
Total loans and leases (domestic)	$195,285
All real estate loans	$178,790
Real estate loans in domestic offices	$178,790
Construction and development loans	$31,843
Residential 1-4 family construction	$17,281
Other construction, all land development and other land	$14,562
Loans secured by nonfarm nonresidential properties	$82,381
Nonfarm nonresidential secured by owner-occupied properties	$37,627
Commercial real estate & other non-farm, non-residential	$44,754
Multifamily residential real estate	$2,399
1-4 family residential loans	$61,920
Farmland loans	$247
Loans held in foreign offices	$0
Farm loans	$392
Commercial and industrial loans	$13,892
To non-U.S. addressees	$0
Loans to individuals	$2,202
Credit card loans	$0
Related Plans	$47
Consumer Auto Loans	$0
Other loans to individuals	$2,155
All other loans & leases	$10
Loans to foreign governments and official institutions	$0
Other loans	$10
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	$2,772
Non 1-4 family restructured loans & leases	$1,880
Total loans and leases (foreign)	$0

TNBANK had $193,161,000 of loans outstanding in 2021. $178,790,000 of loans were in real estate loans. $31,843,000 of loans were in development loans. $2,399,000 of loans were in multifamily mortgage loans. $61,920,000 of loans were in 1-4 family mortgage loans. $392,000 of loans were in farm loans. $0 of loans were in credit card loans. $0 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	157	$71,987	$458,516
Nonfarm, nonresidential loans - <$100k	18	$761	$42,278
Nonfarm, nonresidential loans - $100-250k	40	$5,457	$136,425
Nonfarm, nonresidential loans - $250k-1MM	99	$65,769	$664,333
Commercial & Industrial, US addressed loans - <$1MM	114	$6,659	$58,412
Commercial & Industrial, US addressed loans - <$100k	96	$2,195	$22,865
Commercial & Industrial, US addressed loans - $100-250k	8	$938	$117,250
Commercial & Industrial, US addressed loans - $250k-1MM	10	$3,526	$352,600
Farmland loans - <$1MM	1	$145	$145,000
Farmland loans - $250k-1MM	1	$145	$145,000
Agriculture operations loans - <$1MM	3	$392	$130,667
Agriculture operations loans - <$100k	1	$13	$13,000
Agriculture operations loans - $100-250k	1	$134	$134,000
Agriculture operations loans - $250k-1MM	1	$245	$245,000