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Overview / Commentary
423-586-8421
120 Evans Avenue
Morristown, TN 37814

Jefferson Federal Bank is headquartered in Morristown and is the 34th largest bank in the state of Tennessee. It is also the 1,335th largest bank in the nation. It was established in 1996 and as of March of 2014, it had grown to 134 employees at 13 locations. Jefferson Federal Bank has a B health rating.

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Health

Data for Q1 2014

Institution Health

B

Texas Ratio

GRADE:
B

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 Jefferson Federal Bank had $11.76 million in non-current loans and owned real-estate with $62.72 million in equity and loan loss allowances on hand to cover it. This gives Jefferson Federal Bank a Texas Ratio of 18.74% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for Jefferson Federal Bank decreased dramatically from 30.73% as of March 31, 2013 to 18.74% as of March 31, 2014, resulting in a positive change of 39.02%.This indicates that the balance sheet and financial strength for Jefferson Federal Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
D

In the past year, Jefferson Federal Bank has decreased its total deposits by -$21.68 million, resulting in -5.34% 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 Jefferson Federal Bank has shown is below average.

Capitalization

GRADE:
A+

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. Jefferson Federal Bank has $506.9 million in assets with $62.72 million in equity, resulting in a capitalization level of 12.37%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #34137
Year Established1996
Employees134
Primary RegulatorFDIC
Assets and Liabilities
Assets$506.90 million
Loans$342.47 million
Deposits$384.63 million
Equity Capital$58.81 million
Loan Loss Allowance$3.92 million
Unbacked Noncurrent Loans$6.83 million
Real Estate Owned$4.93 million
Historic Data - March 2013
Assets$506.36 million
Equity Capital$57.54 million
Loan Loss Allowance$5.67 million
Unbacked Noncurrent Loans$6.83 million
Real Estate Owned$6.49 million
Profit Margin - Quarterly
Net Interest Margin3.76%
Return on Assets0.5%
Return on Equity4.34%
Interest Income$4.65 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Jefferson Federal Bank, we are a rate comparison website and can not provide official rates or promotions.

Jefferson Federal Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.40%$500-Variable IRA Savings
0.40%$500-Variable Roth IRA Savings
0.40%$500-Variable Coverdell ESA
0.40%$500-Variable SEP IRA Savings
0.30%$50k-Personal Premium Savings
0.30%$50k-Business Premium Savings
0.05%--Personal Savings
0.05%--Christmas Club
0.05%$100-Business Savings

Jefferson Federal Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$50k-Personal Money Market
0.25%$50k-Business Money Market

Jefferson Federal Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--Performance Banking
0.05%$100-Personal Interest Checking
0.05%$100-Business Interest Checking

Jefferson Federal Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.10%$2,500-60 Month CD
1.01%$2,500-48 Month CD
0.65%$10k-36 Month CD
0.55%$2,500-24 Month CD
0.40%$10k-13 Month Performance Banking CD Special
0.40%$2,500-18 Month CD
0.35%$2,500-12 Month CD
0.20%$2,500-6 Month CD

Jefferson Federal Bank IRA Rates

DetailsAPYMINMAXPRODUCT
1.10%$2,500-60 Month IRA
1.01%$2,500-48 Month IRA
0.65%$10k-36 Month IRA
0.55%$2,500-24 Month IRA
0.40%$2,500-18 Month IRA
0.35%$2,500-12 Month IRA
0.20%$2,500-6 Month IRA
Locations

Jefferson Federal Bank has 12 locations. Click to view all Jefferson Federal Bank locations.