First National Bank of La Center in La Center, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 17, 1994

First National Bank of La Center in La Center, Kentucky (KY)
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First National Bank of La Center - Overview

General
FDIC Certificate #: 17275
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Union Planters Bank of Kentucky, National Association (#2763)
Federal Reserve ID: 568845
Date Established: January 02, 1954
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Interstate: No)
FDIC's unique #: 11295
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: January 02, 1954
Last Structure Change Effective Date: November 17, 1994
Last Structure Change Process Date: November 29, 1994
Last Data Update: November 29, 1994
Data Source Date: April 05, 2012
Location
Address: Third And Broadway East, La Center, KY 42056
County: Ballard
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Hopkinsville
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Southeast
Combined Statistical Area (CSA): Paducah-Mayfield, KY-IL (#424)
Core Based Statistical Area (CBSA): Paducah, KY-IL (#37140)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $37.1 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$13Total assets
$36,184Cash and due from depository institutions
$872Interest-bearing balances
$0Securities
$12,210Federal funds sold & reverse repurchase agreements
$1,700Net loans & leases
$20,334Loan loss allowance
$465Trading account assets
$0Bank premises and fixed assets
$356Other real estate owned
$0Goodwill and other intangibles
$609Life insurance assets
$103All other assets
$0Total liabilities and capital
$36,184Total liabilities
$32,993Total deposits
$30,848Interest-bearing deposits
$27,944Deposits held in domestic offices
30848.00%% insured (estimated)
$95Federal funds purchased & repurchase agreements
$1,892Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$253Total equity capital
$253Total bank equity capital
$3,191Perpetual preferred stock
$0Common stock
$150Surplus
$1,790Undivided profits
Memoranda
$1,251Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$4Income earned, not collected on loans
$257Earning assets
$34,244Long-term assets (5+ years)
$3,479Average Assets, year-to-date
$36,418Average Assets, quarterly
$36,239Volatile liabilities
$3,761Insider loans
$1,154FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,599Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,077Total risk weighted assets
$20,275Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$2,729Total interest expense
$1,198Net interest income
$1,531Provision for loan and lease losses
$92Total noninterest income
$200Fiduciary activities
$0Service charges on deposit accounts
$149Trading account gains & fees
$0Additional noninterest income
$51Total noninterest expense
$874Salaries and employee benefits
$303Premises and equipment expense
$59Additional noninterest expense
$512Pre-tax net operating income
$765Securities gains (losses)
$8Applicable income taxes
$200Income before extraordinary items
$573Extraordinary gains - net
$0Net income attributable to bank
$573Net charge-offs
-$6Cash dividends
$400Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.89%Cost of funding earning assets
3.47%Net interest margin
4.43%Noninterest income to earning assets
0.58%Noninterest expense to earning assets
2.53%Net operating income to assets
1.56%Return on assets (ROA)
1.57%Pretax return on assets
2.12%Return on equity (ROE)
18.41%Retained earnings to average equity (YTD only)
5.56%Net charge-offs to loans
-0.03%Credit loss provision to net charge-offs
-1533.33%Efficiency ratio
49,798Assets per employee
2.78%Cash dividends to net income (YTD only)
Condition Ratios (%)
69.81%Loss allowance to loans
2.24%Loss allowance to noncurrent loans
11625.00%Noncurrent assets plus other real estate owned to assets
0.01%Noncurrent loans to loans
0.02%Net loans and leases to deposits
65.92%Net loans and leases to core deposits
70.17%Equity capital to assets
8.82%Core capital (leverage) ratio
8.52%Tier 1 risk-based capital ratio
15.18%Total risk-based capital ratio
Memoranda
$16Average assets
$36,418Average earning assets
$3,113Average equity
$34,571Average loans

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