First Volunteer Bank

First Volunteer Bank

Overview / Commentary
728 Broad Street
Chattanooga, TN 37402

First Volunteer Bank is headquartered in Chattanooga and is the 18th largest bank in the state of Tennessee. It is also the 788th largest bank in the nation. It was established in 1904 and as of June of 2019, it had grown to 276 employees at 24 locations. First Volunteer Bank has an A health rating.

Reviews (1)

Good Local Bank

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.


Health Grade Components

FDIC Certificate #10307
Year Established1904
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.08%
Return on Equity - YTD17.39%
Annual Interest Income$26.6MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$1.00B$979.2MM
LoansQ2 2019vs Q2 2018$781.7MM$774.4MM
DepositsQ2 2019vs Q2 2018$873.5MM$860.7MM
Equity CapitalQ2 2019vs Q2 2018$122.9MM$110.0MM
Loan Loss AllowanceQ2 2019vs Q2 2018$9.7MM$9.7MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$3.2MM$3.6MM
Real Estate OwnedQ2 2019vs Q2 2018$4.7MM$5.6MM

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