Boone National Bank in Burlington, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 31, 2007

  • Boone National Bank in Burlington, Kentucky (KY)
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Boone National Bank - Overview

  • General
  • FDIC Certificate #: 57090
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: FORCHT BANK, NATIONAL ASSOCIATION (#57415)
    Federal Reserve ID: 3021435
    Date Established: April 30, 2001
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Interstate: No)
    FDIC's unique #: 357220
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: April 30, 2001
    Last Structure Change Effective Date: December 31, 2007
    Last Structure Change Process Date: January 15, 2008
    Last Data Update: January 15, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: Highway 18, 6100 First Financial Plaza, Burlington, KY 41005
    County: Boone
    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): Cincinnati, OH-KY-IN (#1640)
    Consolidated Metropolitan Statistical Area (CMSA): Cincinnati-Hamilton, OH-KY-IN (#21)
    Combined Statistical Area (CSA): Cincinnati-Middletown-Wilmington, OH-KY-IN (#178)
    Core Based Statistical Area (CBSA): Cincinnati-Middletown, OH-KY-IN (#17140)
    CBSA Metro Statistical Area: Cincinnati-Middletown, OH-KY-IN (#17140)
  • Financial Summary
  • Total assets: $59.6 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, 2006)

  • Dollar figures in thousands
  • 24Total employees (full-time equivalent)
  • $54,579Total assets
  • $1,399Cash and due from depository institutions
  • $55Interest-bearing balances
  • $6,278Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $41,556Net loans & leases
  • $484Loan loss allowance
  • $0Trading account assets
  • $4,562Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $784All other assets
  • $54,579Total liabilities and capital
  • $49,980Total liabilities
  • $44,206Total deposits
  • $40,320Interest-bearing deposits
  • $44,206Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,645Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $3,500Other borrowed funds
  • $0Subordinated debt
  • $629All other liabilities
  • $4,599Total equity capital
  • $4,599Total bank equity capital
  • $4,599Perpetual preferred stock
  • $0Common stock
  • $3,300Surplus
  • $3,300Undivided profits
  • Memoranda
  • $-2,001Noncurrent loans and leases
  • $5,385Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $49Earning assets
  • $0Long-term assets (5+ years)
  • $264Average Assets, year-to-date
  • $47,889Average Assets, quarterly
  • $14,552Volatile liabilities
  • $47,846Insider loans
  • $52,092FHLB advances
  • $10,016Loans and leases held for sale
  • $1,628Unused loan commitments
  • $3,500Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,385Total unused commitments
  • $0Restructured Loans and leases
  • $484Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $2,926Total interest income
  • $1,582Total interest expense
  • $1,344Net interest income
  • $125Provision for loan and lease losses
  • $470Total noninterest income
  • $0Fiduciary activities
  • $347Service charges on deposit accounts
  • $0Trading account gains & fees
  • $123Additional noninterest income
  • $1,854Total noninterest expense
  • $929Salaries and employee benefits
  • $380Premises and equipment expense
  • $545Additional noninterest expense
  • -$165Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$165Income before extraordinary items
  • $0Extraordinary gains - net
  • -$165Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $24Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.94%Yield on earning assets
  • 3.75%Cost of funding earning assets
  • 3.19%Net interest margin
  • 1.11%Noninterest income to earning assets
  • 4.40%Noninterest expense to earning assets
  • -0.34%Net operating income to assets
  • -0.34%Return on assets (ROA)
  • -0.34%Pretax return on assets
  • -3.54%Return on equity (ROE)
  • -3.54%Retained earnings to average equity (YTD only)
  • 0.07%Net charge-offs to loans
  • 520.83%Credit loss provision to net charge-offs
  • -1.67%Efficiency ratio
  • 102,205Assets per employee
  • 2.27%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.15%Loss allowance to noncurrent loans
  • 987.76%Noncurrent assets plus other real estate owned to assets
  • 0.09%Noncurrent loans to loans
  • 0.12%Net loans and leases to deposits
  • 94.01%Net loans and leases to core deposits
  • 105.65%Equity capital to assets
  • 8.43%Core capital (leverage) ratio
  • 9.33%Tier 1 risk-based capital ratio
  • 10.62%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $47,846Average earning assets
  • $4,663Average equity
  • $42,168Average loans

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