Burnett Federal Savings Bank in Covington, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 02, 1995

  • Burnett Federal Savings Bank in Covington, Kentucky (KY)
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Burnett Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 31696
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The Bank of Kentucky, Inc. (#33022)
    Federal Reserve ID: 109976
    Date Established: January 01, 1887
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 7352
    FDIC's unique #: 44530
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: September 27, 1974
    Last Structure Change Effective Date: October 02, 1995
    Last Structure Change Process Date: October 24, 1995
    Last Data Update: October 24, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 1607 Eastern Avenue, Covington, KY 41014
    County: Kenton
    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: $12.2 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $3Total assets
  • $12,853Cash and due from depository institutions
  • $381Interest-bearing balances
  • $325Securities
  • $200Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $12,047Loan loss allowance
  • $56Trading account assets
  • $0Bank premises and fixed assets
  • $44Other real estate owned
  • $0Goodwill and other intangibles
  • $181Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $12,853Total liabilities
  • $11,258Total deposits
  • $10,056Interest-bearing deposits
  • $9,907Deposits held in domestic offices
  • 10056.00%% insured (estimated)
  • $100Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,104Subordinated debt
  • $0All other liabilities
  • $98Total equity capital
  • $98Total bank equity capital
  • $1,595Perpetual preferred stock
  • $0Common stock
  • $77Surplus
  • $551Undivided profits
  • Memoranda
  • $967Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $39Income earned, not collected on loans
  • $5Earning assets
  • $12,572Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $13,033Average Assets, quarterly
  • $12,839Volatile liabilities
  • $1,307Insider loans
  • $184FHLB advances
  • $1,075Loans and leases held for sale
  • $0Unused loan commitments
  • $180Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,595Total risk weighted assets
  • $9,215Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $1,026Total interest expense
  • $492Net interest income
  • $534Provision for loan and lease losses
  • $21Total noninterest income
  • $76Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $76Total noninterest expense
  • $475Salaries and employee benefits
  • $189Premises and equipment expense
  • $63Additional noninterest expense
  • $223Pre-tax net operating income
  • $114Securities gains (losses)
  • $0Applicable income taxes
  • $56Income before extraordinary items
  • $58Extraordinary gains - net
  • $28Net income attributable to bank
  • $86Net charge-offs
  • $0Cash dividends
  • $39Sale, conversion, retirement of capital stock, net
  • $28Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.05%Cost of funding earning assets
  • 3.86%Net interest margin
  • 4.19%Noninterest income to earning assets
  • 0.60%Noninterest expense to earning assets
  • 3.73%Net operating income to assets
  • 0.45%Return on assets (ROA)
  • 0.66%Pretax return on assets
  • 1.09%Return on equity (ROE)
  • 5.45%Retained earnings to average equity (YTD only)
  • 2.98%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 77,869Assets per employee
  • 4.28%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 45.35%Loss allowance to loans
  • 0.46%Loss allowance to noncurrent loans
  • 143.59%Noncurrent assets plus other real estate owned to assets
  • 0.30%Noncurrent loans to loans
  • 0.32%Net loans and leases to deposits
  • 119.80%Net loans and leases to core deposits
  • 122.27%Equity capital to assets
  • 12.41%Core capital (leverage) ratio
  • 12.41%Tier 1 risk-based capital ratio
  • 17.31%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $13,033Average earning assets
  • $1,579Average equity
  • $12,746Average loans

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