Wayne County Bank, Financial Information

AboutWayne County Bank

 Address:
216 South High Street, Hwy 64 W
Waynesboro,TN
Wayne County,Tennessee
 Established:
Feb 1914
 Number of domestic offices:
6
Total assets$351M
Net income$4M
Net income,quarterly$1M
Total deposits$294M
Domestic deposits$294M
Equity capital$50M
ROA1.06%
ROAQ,quarterly0.93%
ROA,pretax0.93%
ROAQ,quarterly,pretax1.19%
ROE7.22%
ROEQ,quarterly6.5%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

Wayne County Bank was organized in 1914. Mr. James L. Morrow served as the first cashier and held that position for 48 years. The original bank was capitalized at $15,000.

In 1975, a branch office was built in Collinwood, Tennessee. This move made a tremendous impact by reaching the population of the South end of Wayne County. Larry Haggard was hired at the time of this enlargement to manage the Collinwood Office. In August, 1991, Wayne County Bank purchased the assets of the former First Federal Savings & Loan, naming it the Court Square Branch. Again this was a good move for the bank, bringing in many good deposits and home loans. In October, 1998, Wayne County Bank opened two new branches in Wayne County. A full service office opened in Clifton and a drive-thru facility opened on Hwy 64 West in Waynesboro.

Present assets are now in excess of $138 million. The bank's primary mission has been to serve the banking needs of Wayne County. The bank has built a reputation of honesty and conservative soundness which has served it well. Wayne County Bank has sought to serve all of the people of Wayne County and pride ourselves on being "Banking at its Best."

Main Office
216 South High Street, HWY 64 W
Waynesboro, TN 38485
(931) 722-5438
Mail Address
PO Box 247
Waynesboro, TN 38485
Fax (931) 722-7441

Hours:
Monday through Thursday - 8:30 to 4:00
Friday - 8:30 to 5:00
Saturday - 8:30 to 12:00 Noon
(drive up service only on Saturday)
Drive-up ATM