United Tennessee Bankshares IncOOTC UNTN Stock Report

United Tennessee Bankshares, Inc. is a holding company for Newport Federal Bank (the Bank). The Bank provides a variety of financial services to individuals and corporate customers through its three offices in Newport, Tennessee. The Bank's primary deposit products are interest-bearing checking and savings accounts and certificates of deposit. Its primary lending products are one-to-four family first mortgage loans. Its loan portfolio includes residential real estate, construction and land, commercial real estate, commercial real estate, commercial and industrial and consumer. The Bank also maintains a portfolio of investment securities. The Bank’s investment securities portfolio consists of United States government corporations and agency securities, municipal bonds of governmental entities in Tennessee, corporate debt, and mortgage-backed securities.