FDIC Certificate #: 11780 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Firstar Bank Kentucky (#5861) Federal Reserve ID: 816247 Date Established: January 01, 1903 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) OTS Docket #: 10397 FDIC's unique #: 7535 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: Febuary 19, 1999 Last Structure Change Process Date: March 10, 1999 Last Data Update: March 10, 1999 Data Source Date: April 05, 2012
Location
Address: 201 East 11th Street, Benton, KY 42025 County: Marshall Quarterly Banking Profile Region: Chicago FDIC Geographic Region: Chicago FDIC Supervisory Region: Kansas City FDIC Field Office: Hopkinsville Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: Southeast
Financial Summary
Total assets: $158.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
28Total employees (full-time equivalent)
$158,689Total assets
$6,927Cash and due from depository institutions
$1,574Interest-bearing balances
$37,599Securities
$7,370Federal funds sold & reverse repurchase agreements
$103,866Net loans & leases
$1,456Loan loss allowance
$0Trading account assets
$1,438Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,489All other assets
$158,689Total liabilities and capital
$140,428Total liabilities
$133,619Total deposits
$122,870Interest-bearing deposits
$133,619Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$5,000Other borrowed funds
$0Subordinated debt
$1,809All other liabilities
$18,261Total equity capital
$18,261Total bank equity capital
$18,261Perpetual preferred stock
$0Common stock
$1,400Surplus
$4,000Undivided profits
Memoranda
$12,861Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$140Earning assets
$0Long-term assets (5+ years)
$684Average Assets, year-to-date
$150,409Average Assets, quarterly
$29,109Volatile liabilities
$161,675Insider loans
$156,705FHLB advances
$14,826Loans and leases held for sale
$5,451Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$929Total risk weighted assets
$11,760Total unused commitments
$0Restructured Loans and leases
$96,073Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$12,076Total interest income
$6,202Total interest expense
$5,874Net interest income
$270Provision for loan and lease losses
$663Total noninterest income
$0Fiduciary activities
$448Service charges on deposit accounts
$0Trading account gains & fees
$215Additional noninterest income
$3,248Total noninterest expense
$1,051Salaries and employee benefits
$321Premises and equipment expense
$1,876Additional noninterest expense
$3,019Pre-tax net operating income
$52Securities gains (losses)
$843Applicable income taxes
$2,228Income before extraordinary items
$0Extraordinary gains - net
$2,228Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$748Sale, conversion, retirement of capital stock, net
$800Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.83%Yield on earning assets
4.02%Cost of funding earning assets
3.81%Net interest margin
0.43%Noninterest income to earning assets
2.10%Noninterest expense to earning assets
1.35%Net operating income to assets
1.38%Return on assets (ROA)
1.90%Pretax return on assets
12.86%Return on equity (ROE)
8.24%Retained earnings to average equity (YTD only)
0.69%Net charge-offs to loans
36.10%Credit loss provision to net charge-offs
4.40%Efficiency ratio
49,686Assets per employee
5.67%Cash dividends to net income (YTD only)
Condition Ratios (%)
35.91%Loss allowance to loans
1.38%Loss allowance to noncurrent loans
1040.00%Noncurrent assets plus other real estate owned to assets
0.09%Noncurrent loans to loans
0.13%Net loans and leases to deposits
77.73%Net loans and leases to core deposits
85.99%Equity capital to assets
11.51%Core capital (leverage) ratio
11.29%Tier 1 risk-based capital ratio
18.54%Total risk-based capital ratio
Memoranda
$20Average assets
$161,675Average earning assets
$17,330Average equity
$154,305Average loans
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