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Overview / Commentary
111 10th Avenue South, Suite 400
Nashville, TN 37203

Avenue Bank is headquartered in Nashville and is the 11st largest bank in the state of Tennessee. It is also the 718st largest bank in the nation. It was established in 1911 and as of March of 2014, it had grown to 121 employees at 6 locations. Avenue Bank has a A health rating.

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Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Avenue Bank had $3.97 million in non-current loans and owned real-estate with $92.93 million in equity and loan loss allowances on hand to cover it. This gives Avenue Bank a Texas Ratio of 4.27% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Avenue Bank decreased slightly from 5.84% as of March 31, 2013 to 4.27% as of March 31, 2014, resulting in a positive change of 26.86%.This indicates that the balance sheet and financial strength for Avenue Bank has improved slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Avenue Bank has increased its total deposits by $144.83 million, resulting in 24.41% 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 Avenue Bank has shown is excellent.

Capitalization

GRADE:
B

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. Avenue Bank has $941.93 million in assets with $92.93 million in equity, resulting in a capitalization level of 9.87%, which is above average.

Institution Statistics

Overall
FDIC Certificate #6106
Year Established1911
Employees121
Primary RegulatorFDIC
Assets and Liabilities
Assets$941.93 million
Loans$634.09 million
Deposits$738.11 million
Equity Capital$84.86 million
Loan Loss Allowance$8.07 million
Unbacked Noncurrent Loans$586,000
Real Estate Owned$3.38 million
Historic Data - March 2013
Assets$759.55 million
Equity Capital$85.65 million
Loan Loss Allowance$7.08 million
Unbacked Noncurrent Loans$586,000
Real Estate Owned$3.15 million
Profit Margin - Quarterly
Net Interest Margin3.2%
Return on Assets0.29%
Return on Equity3.21%
Interest Income$7.82 million
Rates

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Locations


Avenue Bank Locations
Cool Springs Branch101 International Way, Suite 100Franklin, TN 37067
Avenue Bank111 10th Avenue South, Suite 400Nashville, TN 37203
Mobile/Messenger Service Branch209 Tenth Avenue South, Suite 250Nashville, TN 37203
Cummins Station Office209 Tenth Avenue South, Suite 250Nashville, TN 37203
West End Branch2930 West End AvenueNashville, TN 37203
Green Hills Branch3823 Cleghorn AvenueNashville, TN 37215