Overview / Commentary
Volunteer State Bank is headquartered in PORTLAND and is the 25th largest bank in the state of Tennessee. It is also the 964th largest bank in the nation. It was established in 1977 and as of June of 2024, it had grown to 155 employees at 15 locations. Volunteer State Bank's CD rates are 4X the national average, and it boasts an A+ health rating.
Related Posts
View all posts from:
Reviews (1)
TERRIBLE Experience With This Bank
Posted by: HonestReview | Jan 18, 2023
We are a high deposit customer and while the people here are GREAT, the service is not. Their app crashes often. One minute they say you can use debit card on/off features, then it doesn't work. We rarely have to chargeback something and one time we do, they are very, very mean about it not working to the best interest of the customer. Its sad really.
Health
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 22451 |
| Year Established | 1977 |
| Employees | 155 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.58% |
| Return on Equity - YTD | 4.68% |
| Annual Interest Income | $27.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $1.07B$1.03B |
| Loans | Q2 2024vs Q2 2023 | $703.9MM$677.5MM |
| Deposits | Q2 2024vs Q2 2023 | $908.7MM$877.5MM |
| Equity Capital | Q2 2024vs Q2 2023 | $135.8MM$138.4MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $7MM$7.6MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $0$1.6MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $1.5MM$0 |
