First Volunteer Bank is headquartered in Chattanooga and is the 19th largest bank in the state of Tennessee. It is also the 800th largest bank in the nation. It was established in 1904 and as of December of 2019, it had grown to 269 employees at 24 locations. First Volunteer Bank has an A health rating.
When I first moved to Jasper, TN I opened an account with First Volunteer Bank. I still have this account. The only issue I have had is with the minimum balance requirement. I have had to keep $1000 in my checking account since I opened it in order to not get charged a fee. While this may be helpful to saving money I don't like that I have to do this. Also, they do not pay a bit of interest. The entire time I have banked with them (15 years) I have never received more than $4-5 a YEAR for maintaining several thousand dollars. I will say the staff is always very nice and friendly and for that I stay with them; however, the rates, fees, etc are a bit much.
|FDIC Certificate #||10307|
|Return on Assets - YTD||2.01%|
|Return on Equity - YTD||16.39%|
|Annual Interest Income||$52.7MM|
|Assets and Liabilities|
|Assets||Q4 2019vs Q4 2018||$997.4MM$986.5MM|
|Loans||Q4 2019vs Q4 2018||$804.7MM$790.3MM|
|Deposits||Q4 2019vs Q4 2018||$860.8MM$862.9MM|
|Equity Capital||Q4 2019vs Q4 2018||$128.6MM$116.1MM|
|Loan Loss Allowance||Q4 2019vs Q4 2018||$9.7MM$9.7MM|
|Unbacked Noncurrent Loans||Q4 2019vs Q4 2018||$4.2MM$6.3MM|
|Real Estate Owned||Q4 2019vs Q4 2018||$3.3MM$5.0MM|
Sorry, we do not have rate data for First Volunteer Bank.