Andrew Johnson Bank
Andrew Johnson Bank is headquartered in Greeneville and is the 64th largest bank in the state of Tennessee. It is also the 2,243rd largest bank in the nation. It was established in 1975 and as of December of 2013, it had grown to 99 employees at 8 locations. Andrew Johnson Bank has a A health rating.
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Data for Q4 2013
Institution Health
Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Andrew Johnson Bank had $3.05 million in non-current loans and owned real-estate with $32.54 million in equity and loan loss allowances on hand to cover it. This gives Andrew Johnson Bank a Texas Ratio of 9.36% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Andrew Johnson Bank decreased dramatically from 16.59% as of December 31, 2012 to 9.36% as of December 31, 2013, resulting in a positive change of 43.57%.This indicates that the balance sheet and financial strength for Andrew Johnson Bank has improved dramatically in recent periods.
Deposit Growth
In the past year, Andrew Johnson Bank has increased its total deposits by $5.47 million, resulting in 2.16% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Andrew Johnson Bank has shown is above average.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Andrew Johnson Bank has $287.85 million in assets with $32.54 million in equity, resulting in a capitalization level of 11.30%, which is excellent.
Institution Statistics
| Overall | |
|---|---|
| FDIC Certificate # | 22015 |
| Year Established | 1975 |
| Employees | 99 |
| Primary Regulator | FDIC |
| Assets and Liabilities | |
|---|---|
| Assets | $287.85 million |
| Loans | $236.15 million |
| Deposits | $258.80 million |
| Equity Capital | $27.80 million |
| Loan Loss Allowance | $4.74 million |
| Unbacked Noncurrent Loans | $2.20 million |
| Real Estate Owned | $845,000 |
| Historic Data - December 2012 | |
|---|---|
| Assets | $279.96 million |
| Equity Capital | $25.87 million |
| Loan Loss Allowance | $4.33 million |
| Unbacked Noncurrent Loans | $2.20 million |
| Real Estate Owned | $1.97 million |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 4.9% |
| Return on Assets | 1.01% |
| Return on Equity | 10.73% |
| Interest Income | $14.41 million |
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Andrew Johnson Bank Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 2.02% | - | $25k | Sky High Checking | |
| 0.15% | - | - | Sky High Checking |
| Andrew Johnson Bank Locations | ||
|---|---|---|
| Southwest Branch | 1102 West Main Street | Greeneville, TN 37744 |
| Andrew Johnson Bank | 124 North Main Street | Greeneville, TN 37743 |
| Jonesborough Branch | 1551 East Jackson Boulevard | Jonesborough, TN 37659 |
| East By-Pass Branch | 1660 East Andrew Johnson Hwy. | Greeneville, TN 37743 |
| Andrew Johnson Bank Of Johnson City, Brown's Mill | 3300 Brown's Mill Road | Johnson City, TN 37604 |
| Morristown Branch | 435 West First North Street | Morristown, TN 37814 |
| Cleveland Branch | 555 North Ocoee Street | Cleveland, TN 37311 |