Bank Of Tennessee Mortgage Rates, Fees & Info

Kingsport, TN

LEI: 549300CTISSNREVLNO46

Tax ID: 62-0921694

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Mortgage Data

Bank Data

Review & Overview

Bank Of Tennessee is a smaller bank specializing in Home Purchase and Refi loans. Bank Of Tennessee has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Nashville, Johnson City, Knoxville, Kingsport, and Boone among others. We have data for 50 markets. (Some data included below & more in-depth data is available with an active subscription.)

Bank Of Tennessee has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Bank Of Tennessee is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 4/21/24
30 Year Conventional Purchase 7.12% 4/21/24
30 Year Conventional Refi 7.16% 4/21/24
30 Year Cash-out Refi 6.68% 4/21/24
30 Year FHA Purchase 7.49% 4/21/24
30 Year FHA Refi 6.27% 4/21/24
30 Year VA Purchase 6.34% 4/21/24
30 Year VA Refi 6.27% 4/21/24
30 Year USDA Purchase 6.66% 4/21/24
15 Year Conventional Purchase 7.01% 4/21/24
15 Year Conventional Refi 6.77% 4/21/24
15 Year Cash-out Refi 6.77% 4/21/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Bank Of Tennessee Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Bank Of Tennessee. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

1,193

Origination Dollar Volume (All Markets)

$411,065,000

Employee count

281

Top 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
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 504 $177,260,000 $351,706 $4,899 3.06%
JOHNSON CITY, TN (FHA|USDA|VA) 270 $79,860,000 $295,778 $4,336 3.32%
KNOXVILLE, TN (FHA|USDA|VA) 60 $58,930,000 $982,167 $4,859 3.44%
Outside of Metro Areas 126 $30,490,000 $241,984 $4,867 3.57%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 118 $27,510,000 $233,136 $4,394 3.37%
Boone, NC (FHA|USDA|VA) 22 $5,070,000 $230,455 $4,853 3.82%
MORRISTOWN, TN (FHA|USDA|VA) 4 $3,050,000 $762,500 $11,423 3.38%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $2,480,000 $1,240,000 $9,548 3.54%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 4 $2,360,000 $590,000 $11,116 3.99%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 7 $1,955,000 $279,286 $4,341 2.95%
Sevierville, TN (FHA|USDA|VA) 5 $1,765,000 $353,000 $7,359 3.80%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 5 $1,405,000 $281,000 $3,143 3.13%
Greeneville, TN (FHA|USDA|VA) 7 $1,405,000 $200,714 $6,128 3.61%
ASHEVILLE, NC (FHA|USDA|VA) 5 $1,385,000 $277,000 $4,858 3.39%
Lewisburg, TN (FHA|USDA|VA) 7 $1,365,000 $195,000 $4,490 3.23%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 3 $1,135,000 $378,333 $6,927 3.57%
CHARLESTON, WV (FHA|USDA|VA) 1 $905,000 $905,000 $14,228 3.50%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $900,000 $450,000 $10,916 3.84%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 4 $880,000 $220,000 $3,321 2.94%
Breckenridge, CO (FHA|USDA|VA) 1 $765,000 $765,000 $10,935 3.09%
Cullowhee, NC (FHA|USDA|VA) 1 $735,000 $735,000 $12,606 3.21%
Tullahoma-Manchester, TN (FHA|USDA|VA) 2 $620,000 $310,000 $6,103 3.63%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $610,000 $305,000 $2,968 3.44%
WINSTON-SALEM, NC (FHA|USDA|VA) 2 $610,000 $305,000 $3,177 2.81%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $605,000 $605,000 $3,617 2.88%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 2 $600,000 $300,000 $4,353 3.31%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $555,000 $555,000 $13,963 2.63%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $535,000 $535,000 $8,900 3.54%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $365,000 $365,000 $8,676 3.79%
WILMINGTON, NC (FHA|USDA|VA) 2 $330,000 $165,000 $1,685 2.94%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $325,000 $325,000 $3,230 2.75%
McMinnville, TN (FHA|USDA|VA) 1 $325,000 $325,000 $3,444 3.38%
TOLEDO, OH (FHA|USDA|VA) 1 $315,000 $315,000 $4,317 2.88%
Lawrenceburg, TN (FHA|USDA|VA) 1 $295,000 $295,000 $3,091 2.25%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $295,000 $295,000 $3,157 3.25%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $285,000 $285,000 $4,685 3.25%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $285,000 $285,000 $5,605 3.88%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $275,000 $275,000 $2,334 2.63%
RICHMOND, VA (FHA|USDA|VA) 1 $275,000 $275,000 $4,873 3.50%
Marion, NC (FHA|USDA|VA) 1 $265,000 $265,000 $5,181 4.12%
BOWLING GREEN, KY (FHA|USDA|VA) 1 $245,000 $245,000 $3,382 3.13%
MADISON, WI (FHA|USDA|VA) 1 $225,000 $225,000 $6,858 3.25%
Crossville, TN (FHA|USDA|VA) 2 $210,000 $105,000 $2,249 3.13%
Athens, TN (FHA|USDA|VA) 1 $195,000 $195,000 $0 3.79%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $195,000 $195,000 $1,256 2.75%
Shelbyville, TN (FHA|USDA|VA) 1 $195,000 $195,000 $6,134 3.00%
CLEVELAND, TN (FHA|USDA|VA) 1 $175,000 $175,000 $3,157 3.25%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $115,000 $115,000 $2,402 2.88%
Morehead City, NC (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.71%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $25,000 $25,000 $0 4.25%
Bank Of Tennessee's top markets include Nashville, Johnson City, Knoxville, Kingsport, and Boone among others.

Their top states include:
  • Tennessee (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Bank of Tennessee based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    NORTHEAST COMMUNITY
    Similarity Rank: 39
    Horizon Credit Union
    Similarity Rank: 72
    Kingsport Press Credit Union
    Similarity Rank: 198
    CONSUMER Credit Union
    Similarity Rank: 304
    KELLEY MORTGAGE, LLC
    Similarity Rank: 336
    First Vision Bank of Tennessee
    Similarity Rank: 657
    US COMMUNITY
    Similarity Rank: 686
    Home Federal Bank of Tennessee
    Similarity Rank: 720
    New Peoples Bank, Inc.
    Similarity Rank: 765
    ENRICHMENT
    Similarity Rank: 896

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,103 $387,565,000 $351,374 $4,605 3.29%
    FHA 46 $11,290,000 $245,435 $7,496 2.98%
    VA 32 $10,310,000 $322,188 $6,015 2.74%
    USDA 12 $1,900,000 $158,333 $4,564 3.04%

    For 2021, Bank Of Tennessee's most frequently originated type of loan was Conventional, with 1,103 originations. Their 2nd most popular type was FHA, with 46 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 641 $259,815,000 $405,328 $5,450 3.40%
    Refi 392 $111,490,000 $284,413 $4,234 3.08%
    Cash Out Refi 118 $33,480,000 $283,729 $3,258 2.95%
    Home Improvement 28 $3,990,000 $142,500 $4,967 3.85%
    Other 14 $2,290,000 $163,571 $3,975 3.64%

    For 2021, Bank Of Tennessee's most frequently cited loan purpose was Home Purchase, with 641 originations. The 2nd most popular reason was Refi, with 392 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 886 $266,910,000 $301,253 $4,995 3.26%
    15 Year 133 $29,175,000 $219,361 $3,812 2.77%
    20 Year 123 $36,465,000 $296,463 $3,679 3.68%
    Other 26 $30,660,000 $1,179,231 $2,799 3.45%
    5 Year 12 $45,560,000 $3,796,667 $0 3.98%
    10 Year 11 $2,125,000 $193,182 $2,622 3.29%
    1 Year 1 $145,000 $145,000 $0 4.16%
    3 Year 1 $25,000 $25,000 $0 4.25%

    For 2021, Bank Of Tennessee's most frequently cited loan duration was 30 Year, with 886 originations. The 2nd most popular length was 15 Year, with 133 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 639 $175,165,000 $274,124
    $2k-3k 142 $20,400,000 $143,662
    $5k+ 90 $65,320,000 $725,778
    $3k-4k 64 $15,450,000 $241,406
    $4k-5k 44 $14,930,000 $339,318
    $<1k 32 $9,220,000 $288,125

    Bank Of Tennessee's average total fees were $4,995, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 639 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 438 $127,900,000 $292,009
    3-4% 426 $174,860,000 $410,469
    4-5% 189 $69,815,000 $369,392
    <2.5% 131 $35,815,000 $273,397
    5-6% 9 $2,675,000 $297,222

    During 2021, Bank Of Tennessee's average interest rate for loans was 3.26%, while their most frequently originated rate bucket for loans was 2.5-3%, with 438 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 436 $122,850,000 $281,766 $4,503 3.16%
    $100k-200k 388 $58,270,000 $150,180 $3,628 3.34%
    $400k-600k 169 $82,375,000 $487,426 $5,849 3.06%
    $100,000 or less 121 $8,465,000 $69,959 $3,249 3.55%
    $600k-1MM 56 $41,920,000 $748,571 $9,587 3.26%
    $1MM+ 23 $97,185,000 $4,225,435 $18,528 3.74%

    2021 saw Bank Of Tennessee place emphasis on $200k-400k loans with 436 originations, totaling $122,850,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 250 $71,860,000 $287,440 $4,524 3.19%
    $50k-75k 238 $47,320,000 $198,824 $4,170 3.16%
    $50k or less 175 $24,895,000 $142,257 $3,734 3.25%
    $75k-100k 171 $48,185,000 $281,784 $4,645 3.12%
    $150k-250k 169 $63,735,000 $377,130 $5,556 3.27%
    $250k+ 113 $61,245,000 $541,991 $8,104 3.42%

    Bank Of Tennessee lent most frequently to those with incomes in the $100k-150k range, with 250 originations. The second most popular income band? $50k-75k, with 238 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 244 $70,270,000 $287,992 $4,207 3.12%
    30-36% 222 $63,520,000 $286,126 $4,688 3.18%
    <20% 207 $47,885,000 $231,329 $4,231 3.38%
    42% 47 $14,125,000 $300,532 $4,833 3.18%
    41% 42 $12,530,000 $298,333 $4,528 3.17%
    36% 42 $9,820,000 $233,810 $4,766 3.26%
    37% 42 $13,610,000 $324,048 $5,671 3.18%
    38% 37 $9,555,000 $258,243 $4,035 3.01%
    40% 36 $12,070,000 $335,278 $5,171 3.15%
    39% 35 $12,695,000 $362,714 $5,709 3.15%
    43% 32 $10,350,000 $323,438 $5,925 3.44%
    44% 28 $7,820,000 $279,286 $5,253 3.19%
    45% 26 $7,450,000 $286,538 $4,810 3.34%
    48% 24 $8,050,000 $335,417 $6,209 3.38%
    46% 19 $6,395,000 $336,579 $5,889 3.30%
    49% 19 $7,145,000 $376,053 $6,710 3.25%
    47% 16 $3,510,000 $219,375 $5,481 3.49%
    50-60% 11 $3,305,000 $300,455 $7,801 2.93%

    Bank Of Tennessee lent most frequently to those with DTI ratios of 20-30%, with 244 originations. The next most common DTI ratio? 30-36%, with 222 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 933 $265,335,000 $284,389 $4,726 3.25%
    Not applicable 53 $82,945,000 $1,565,000 $0 4.04%
    Not provided 140 $43,030,000 $307,357 $4,961 3.08%
    Black 44 $12,850,000 $292,045 $5,309 3.11%
    Asian 18 $5,920,000 $328,889 $5,248 3.37%
    American Indian 1 $345,000 $345,000 $3,212 3.00%
    Chinese 1 $175,000 $175,000 $2,129 2.63%
    1 $175,000 $175,000 $5,524 3.25%
    Korean 1 $155,000 $155,000 $2,497 2.63%
    Asian Indian 1 $135,000 $135,000 $0 4.35%

    Approval Rates

    Total approvals of all applications
    94.80%

    Bank Of Tennessee has an average approval rate.

    Pick Rate

    Approvals leading to origination
    72.67%

    Bank Of Tennessee has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,193 $411,065,000 $344,564

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,193 $411,065,000 $344,564

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 58 $9,960,000 $171,724 $3,426 3.16%
    40-60% 170 $42,950,000 $252,647 $3,939 3.06%
    60-80% 414 $187,160,000 $452,077 $4,390 3.17%
    80-100% 526 $167,490,000 $318,422 $5,406 3.42%
    Over 100% 8 $1,730,000 $216,250 $8,709 2.84%
    Under 20% 15 $1,765,000 $117,667 $3,043 3.14%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    BANK OF THE WEST Conventional home mortgage Trouble during payment process 6 20.0%
    BANK OF THE WEST VA mortgage Trouble during payment process 1 3.3%
    BANK OF THE WEST Other type of mortgage Trouble during payment process 2 6.7%
    BANK OF THE WEST Other type of mortgage Struggling to pay mortgage 1 3.3%
    BANK OF THE WEST Other type of mortgage Closing on a mortgage 1 3.3%
    BANK OF THE WEST Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 3.3%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Trouble during payment process 3 10.0%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Closing on a mortgage 4 13.3%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 2 6.7%
    BANK OF THE WEST FHA mortgage Trouble during payment process 1 3.3%
    BANK OF THE WEST Conventional home mortgage Struggling to pay mortgage 2 6.7%
    BANK OF THE WEST Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 5 16.7%
    BANK OF THE WEST Conventional home mortgage Closing on a mortgage 1 3.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Bank of Tennessee 100 Med Tech Parkway Johnson City, TN 37604 Full Service B&M $224,200
    Bank of Tennessee 10431 Wallace Alley Street Kingsport, TN 37663 Limited, Administrative $0
    Bank of Tennessee 112 Mountcastle Drive Johnson City, TN 37601 Full Service B&M $67,705
    Bank of Tennessee 1223 Volunteer Parkway Bristol, TN 37620 Full Service B&M $118,619
    Bank of Tennessee 1230 North Main Street Erwin, TN 37650 Full Service B&M $80,488
    Bank of Tennessee 1328 West State Of Franklin Road Johnson City, TN 37604 Full Service B&M $27,544
    Bank of Tennessee 165 Indian Lake Boulevard, Suite 107 Hendersonville, TN 37075 Full Service B&M $22,958
    Bank of Tennessee 1708 Eastman Road Kingsport, TN 37664 Full Service B&M $15,728
    Bank of Tennessee 1917 Highway 394 Blountville, TN 37617 Full Service B&M $58,922
    Bank of Tennessee 1982 Providence Parkway, Suite 103 Mount Juliet, TN 37122 Full Service B&M $18,979
    Bank of Tennessee 200 Bemberg Road Elizabethton, TN 37643 Full Service B&M $25,625
    Bank of Tennessee 2210 Crestmoor Road, Suite 1 Nashville, TN 37215 Full Service B&M $47,695
    Bank of Tennessee 224 Brookview Centre Way, Suite 112 Knoxville, TN 37919 Full Service B&M $115,480
    Bank of Tennessee 301 East Center Street Kingsport, TN 37660 Limited, Administrative $0
    Bank of Tennessee 301 East Center Street Kingsport, TN 37660 Full Service B&M $237,253
    Bank of Tennessee 3828 Highway 105 Banner Elk, NC 28604 Full Service B&M $46,205
    Bank of Tennessee 402 Roy Martin Road Gray, TN 37615 Full Service B&M $18,260
    Bank of Tennessee 4214 Fort Henry Drive Kingsport, TN 37663 Full Service B&M $33,970
    Bank of Tennessee 502 East Jackson Boulevard Jonesborough, TN 37659 Full Service B&M $129,435
    Bank of Tennessee 601 Elk Avenue Elizabethton, TN 37643 Full Service B&M $137,597
    Bank of Tennessee 800 East Broad Street Elizabethton, TN 37643 Full Service B&M $54,808
    Bank of Tennessee Main Street And Highway 19-E Roan Mountain, TN 37687 Full Service B&M $30,060
    Bank of Tennessee Milligan Road Johnson City, TN 37601 Full Service B&M $41,490

    For 2021, Bank Of Tennessee had 23 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $62,219
    Net interest income $58,498
    Total noninterest income $13,604
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,010
    Trading account gains and fees $0
    Additional Noninterest Income $11,594
    Pre-tax net operating income $27,570
    Securities gains (or losses, -) $0
    Income before extraordinary items $27,570
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $27,570
    Minority interest net income $0
    Net income $27,570
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $27,570

    Bank Of Tennessee's gross interest income from loans was $62,219,000.
    Bank Of Tennessee's net interest income from loans was $58,498,000.
    Bank Of Tennessee's fee based income from loans was $2,010,000.
    Bank Of Tennessee's net income from loans was $27,570,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,721
    Provision for credit losses $580
    Total noninterest expense $43,952
    Salaries and employee benefits $26,706
    Premises and equipment expense $6,087
    Additional noninterest expense $11,159
    Applicable income taxes $0
    Net charge-offs $302
    Cash dividends $12,700

    Bank Of Tennessee's interest expense for loans was $3,721,000.
    Bank Of Tennessee's payroll and benefits expense were $26,706,000.
    Bank Of Tennessee's property, plant and equipment expenses $6,087,000.

    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 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    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 $1,602,941
    Deposits held in domestic offices $1,602,941
    Deposits by Individuals, partnerships, and corporations $1,352,056
    Deposits by U.S. Government $151
    Deposits by States and political subdivisions in the U.S. $240,222
    Deposits by Commercial banks and other depository institutions in U.S. $10,512
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $836,059
    Demand deposits $551,113
    Nontransaction accounts $766,882
    Money market deposit accounts (MMDAs) $472,256
    Other savings deposits (excluding MMDAs) $201,316
    Total time deposits $93,310
    Total time and savings deposits $1,051,828
    Noninterest-bearing deposits $552,107
    Interest-bearing deposits $1,050,834
    Retail deposits $1,578,712
    IRAs and Keogh plan accounts $19,638
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,784,992
    Cash & Balances due from depository institutions $173,256
    Interest-bearing balances $108,139
    Total securities $224,069
    Federal funds sold & reverse repurchase $47,455
    Net loans and leases $1,242,780
    Loan and leases loss allowance $11,429
    Trading account assets $0
    Bank premises and fixed assets $34,994
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $62,438

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,784,992
    Total Liabilities $1,628,377
    Total deposits $1,602,941
    Interest-bearing deposits $1,050,834
    Deposits held in domestic offices $1,602,941
    % insured (estimated) $59
    Federal funds purchased and repurchase agreements $12,802
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $12,634

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,242,780
    Loan and leases loss allowance $11,429
    Total loans and leases (domestic) $1,254,209
    All real estate loans $1,071,211
    Real estate loans in domestic offices $1,071,211
    Construction and development loans $103,084
    Residential 1-4 family construction $18,085
    Other construction, all land development and other land $84,999
    Loans secured by nonfarm nonresidential properties $470,282
    Nonfarm nonresidential secured by owner-occupied properties $181,502
    Commercial real estate & other non-farm, non-residential $288,780
    Multifamily residential real estate $134,348
    1-4 family residential loans $360,340
    Farmland loans $3,157
    Loans held in foreign offices $0
    Farm loans $266
    Commercial and industrial loans $171,493
    To non-U.S. addressees $0
    Loans to individuals $6,336
    Credit card loans $0
    Related Plans $509
    Consumer Auto Loans $3,194
    Other loans to individuals $2,633
    All other loans & leases $5,336
    Loans to foreign governments and official institutions $0
    Other loans $3,068
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $17,492
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $775
    Non 1-4 family restructured loans & leases $526
    Total loans and leases (foreign) $0

    Bank of Tennessee had $1,242,780,000 of loans outstanding in 2021. $1,071,211,000 of loans were in real estate loans. $103,084,000 of loans were in development loans. $134,348,000 of loans were in multifamily mortgage loans. $360,340,000 of loans were in 1-4 family mortgage loans. $266,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,194,000 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 470 $124,653 $265,219
    Nonfarm, nonresidential loans - <$100k 87 $3,758 $43,195
    Nonfarm, nonresidential loans - $100-250k 147 $20,326 $138,272
    Nonfarm, nonresidential loans - $250k-1MM 236 $100,569 $426,140
    Commercial & Industrial, US addressed loans - <$1MM 1,743 $112,244 $64,397
    Commercial & Industrial, US addressed loans - <$100k 1,208 $30,023 $24,853
    Commercial & Industrial, US addressed loans - $100-250k 347 $32,929 $94,896
    Commercial & Industrial, US addressed loans - $250k-1MM 188 $49,292 $262,191
    Farmland loans - <$1MM 18 $1,883 $104,611
    Farmland loans - <$100k 9 $391 $43,444
    Farmland loans - $100-250k 6 $795 $132,500
    Farmland loans - $250k-1MM 3 $697 $232,333
    Agriculture operations loans - <$1MM 19 $266 $14,000
    Agriculture operations loans - <$100k 19 $266 $14,000