Blue Grass Federal Savings and Loan Association - Overview
General
FDIC Certificate #: 31090 Status: Active Federal Reserve ID: 617079 Date Established: January 01, 1914 WWW:http://www.bluegrassfederal.com Trust Powers Granted: No Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 6361 FDIC's unique #: 43924 Numeric code: 38 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: No Asset Concentration Hierarchy: Mortgage Lending Specialization Date of Deposit Insurance: November 10, 1959 Last Structure Change Effective Date: July 21, 2011 Last Structure Change Process Date: July 21, 2011 Last Data Update: July 21, 2011 Data Source Date: April 05, 2012
Location
Address: 600 High Street, Paris, KY 40361 County: Bourbon Quarterly Banking Profile Region: Chicago FDIC Geographic Region: Chicago FDIC Supervisory Region: Chicago FDIC Field Office: Lexington Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Lexington, KY (#4280) Combined Statistical Area (CSA): Lexington-Fayette-Frankfort-Richmond, KY (#336) Core Based Statistical Area (CBSA): Lexington-Fayette, KY (#30460) CBSA Metro Statistical Area: Lexington-Fayette, KY (#30460)
History of Changes
Change in Primary Regulatory Agency
Financial Summary
Total assets: $41.9 mil Equity capital: $10.8 mil Deposits held in domestic offices: $31.1 mil Return on assets (ROA): 0.34% ($0.1 mil) Quarterly return on assets: 0.11% ($0.0 mil) Return on Equity (ROE): 1.31% ($0.1 mil) Quarterly return on equity: 0.44% ($0.0 mil) Net income: $0.1 mil Quarterly Net income: $0.0 mil Pretax return on assets: 0.62% ($260.1 mil) Quarterly Pretax return on assets: 0.37% ($155.2 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 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, 2011)
Dollar figures in thousands
8Total employees (full-time equivalent)
$41,946Total assets
$4,084Cash and due from depository institutions
$3,455Interest-bearing balances
$422Securities
$0Federal funds sold & reverse repurchase agreements
$35,029Net loans & leases
$270Loan loss allowance
$0Trading account assets
$1,449Bank premises and fixed assets
$348Other real estate owned
$0Goodwill and other intangibles
$41,946Life insurance assets
$614All other assets
$31,129Total liabilities and capital
$31,070Total liabilities
$30,364Total deposits
$31,070Interest-bearing deposits
$98Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$59Subordinated debt
$10,817All other liabilities
$10,817Total equity capital
$10,817Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$0Surplus
$10,817Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$377Income earned, not collected on loans
$0Earning assets
$201Long-term assets (5+ years)
$38,906Average Assets, year-to-date
$0Average Assets, quarterly
$41,269Volatile liabilities
$41,779Insider loans
$25,584FHLB advances
$41,946Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$10,817Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$1,001Restructured Loans and leases
$650Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,368Total interest income
$505Total interest expense
$1,863Net interest income
$241Provision for loan and lease losses
-$31Total noninterest income
$0Fiduciary activities
$6Service charges on deposit accounts
$0Trading account gains & fees
-$37Additional noninterest income
$1,337Total noninterest expense
$848Salaries and employee benefits
$282Premises and equipment expense
$207Additional noninterest expense
$254Pre-tax net operating income
$0Securities gains (losses)
$113Applicable income taxes
$141Income before extraordinary items
$0Extraordinary gains - net
$141Net income attributable to bank
$0Net charge-offs
$141Cash dividends
$91Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.17%Yield on earning assets
1.32%Cost of funding earning assets
4.86%Net interest margin
-0.08%Noninterest income to earning assets
3.48%Noninterest expense to earning assets
0.34%Net operating income to assets
0.34%Return on assets (ROA)
0.62%Pretax return on assets
1.31%Return on equity (ROE)
1.31%Retained earnings to average equity (YTD only)
0.25%Net charge-offs to loans
264.84%Credit loss provision to net charge-offs
5.44%Efficiency ratio
72,980Assets per employee
5.24%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.76%Loss allowance to noncurrent loans
71.62%Noncurrent assets plus other real estate owned to assets
1.73%Noncurrent loans to loans
1.07%Net loans and leases to deposits
112.74%Net loans and leases to core deposits
116.36%Equity capital to assets
25.79%Core capital (leverage) ratio
25.79%Tier 1 risk-based capital ratio
42.28%Total risk-based capital ratio
Memoranda
$43Average assets
$41,269Average earning assets
$10,750Average equity
$38,369Average loans
List of branches
1 Kentucky Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
43924
Blue Grass Federal Savings And Loan
600 High Street, Paris, KY 40361
January 01, 1914
Full Service Brick and Mortar
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