United Tennessee Bankshares, Inc. is a holding company, which engages in the banking business. The company is headquartered in Newport, Tennessee and currently employs 28 full-time employees. The Bank’s principal business consists of accepting deposits from the general public through its main office and branch offices then investing those funds in loans secured by one-to-four-family residential properties located in its primary market area, in addition to originating a limited amount of commercial real estate loans and consumer loans. 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. The Bank's primary deposit products are interest-bearing checking and savings accounts and certificates of deposit. Its saving accounts products include individual retirement accounts, certificates of deposit, regular savings account, Christmas club, and kitty club.