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Overview / Commentary
4511 U.S. Highway 411
Madisonville, TN 37354

Peoples Bank of East Tennessee is headquartered in Madisonville and is the 85th largest bank in the state of Tennessee. It is also the 2,835th largest bank in the nation. It was established in 1997 and as of December of 2013, it had grown to 86 employees at 11 locations. Peoples Bank of East Tennessee has a C+ 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 Peoples Bank of East Tennessee had $12.49 million in non-current loans and owned real-estate with $21.47 million in equity and loan loss allowances on hand to cover it. This gives Peoples Bank of East Tennessee a Texas Ratio of 58.17% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Peoples Bank of East Tennessee experienced no significant changes from 62.13% as of December 31, 2012 to 58.17% as of December 31, 2013, resulting in a positive change of 6.38%.This indicates that the balance sheet and financial strength for Peoples Bank of East Tennessee has had no significant changes in recent periods.

Deposit Growth


In the past year, Peoples Bank of East Tennessee has decreased its total deposits by -$1.22 million, resulting in -0.61% 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 Peoples Bank of East Tennessee has shown is average.



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. Peoples Bank of East Tennessee has $219.72 million in assets with $21.47 million in equity, resulting in a capitalization level of 9.77%, which is above average.

Institution Statistics

FDIC Certificate #34517
Year Established1997
Primary RegulatorFDIC
Assets and Liabilities
Assets$219.72 million
Loans$140.27 million
Deposits$199.18 million
Equity Capital$19.20 million
Loan Loss Allowance$2.28 million
Unbacked Noncurrent Loans$4.12 million
Real Estate Owned$8.37 million
Historic Data - December 2012
Assets$219.75 million
Equity Capital$18.10 million
Loan Loss Allowance$2.42 million
Unbacked Noncurrent Loans$4.12 million
Real Estate Owned$5.41 million
Profit Margin - Quarterly
Net Interest Margin4.91%
Return on Assets0.35%
Return on Equity4.17%
Interest Income$10.38 million

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Peoples Bank of East Tennessee Locations
Vonore Branch1010 Highway 411Vonore, TN 37885
Ducktown Branch105 Five Points DriveDucktown, TN 37326
Mccaysville Branch109 Blue Ridge DriveMc Caysville, GA 30555
Sweetwater Branch117 Monroe StSweetwater, TN 37874
Loudon Branch2270 Highway 72 NorthLoudon, TN 37774
Peoples Bank Of East Tennessee4511 Ushwy 411Madisonville, TN 37354
Murphy Branch592 West US Highway 64Murphy, NC 28906
Niota Branch9 West Willson StreetNiota, TN 37826
Plaza Branch904 Tellico StreetMadisonville, TN 37354
Tellico Plains Branch9186 New Highway 68Tellico Plains, TN 37385