First Security Bank & Trust Co. in Whitesburg, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 1997

First Security Bank & Trust Co. in Whitesburg, Kentucky (KY)
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First Security Bank & Trust Co. - Overview

General
FDIC Certificate #: 16596
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Community Trust Bank, Inc. (#2720)
Federal Reserve ID: 482615
Date Established: July 02, 1947
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Interstate: No)
OTS Docket #: 10538
FDIC's unique #: 10740
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: July 02, 1947
Last Structure Change Effective Date: January 01, 1997
Last Structure Change Process Date: January 13, 1997
Last Data Update: January 13, 1997
Data Source Date: April 05, 2012
Location
Address: Main Street, Whitesburg, KY 41858
County: Letcher
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
Financial Summary
Total assets: $93.3 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$39Total assets
$93,266Cash and due from depository institutions
$2,991Interest-bearing balances
$13Securities
$21,675Federal funds sold & reverse repurchase agreements
$895Net loans & leases
$64,045Loan loss allowance
$1,018Trading account assets
$0Bank premises and fixed assets
$2,489Other real estate owned
$119Goodwill and other intangibles
$1,052Life insurance assets
$0All other assets
$0Total liabilities and capital
$93,266Total liabilities
$84,543Total deposits
$80,851Interest-bearing deposits
$69,549Deposits held in domestic offices
80851.00%% insured (estimated)
$92Federal funds purchased & repurchase agreements
$1,100Trading liabilities
$0Other borrowed funds
$1,591Subordinated debt
$0All other liabilities
$1,001Total equity capital
$1,001Total bank equity capital
$8,723Perpetual preferred stock
$0Common stock
$130Surplus
$6,220Undivided profits
Memoranda
$2,373Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,101Income earned, not collected on loans
$523Earning assets
$86,628Long-term assets (5+ years)
$22,464Average Assets, year-to-date
$91,995Average Assets, quarterly
$93,036Volatile liabilities
$14,614Insider loans
$832FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,526Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$8,781Total risk weighted assets
$63,979Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$7,826Total interest expense
$3,368Net interest income
$4,458Provision for loan and lease losses
$315Total noninterest income
$756Fiduciary activities
$0Service charges on deposit accounts
$291Trading account gains & fees
$0Additional noninterest income
$465Total noninterest expense
$2,749Salaries and employee benefits
$1,305Premises and equipment expense
$298Additional noninterest expense
$1,146Pre-tax net operating income
$2,150Securities gains (losses)
-$13Applicable income taxes
$715Income before extraordinary items
$1,422Extraordinary gains - net
$0Net income attributable to bank
$1,422Net charge-offs
$188Cash dividends
$1,422Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
9.21%Cost of funding earning assets
3.96%Net interest margin
5.25%Noninterest income to earning assets
0.89%Noninterest expense to earning assets
3.24%Net operating income to assets
1.56%Return on assets (ROA)
1.55%Pretax return on assets
2.32%Return on equity (ROE)
16.23%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.31%Credit loss provision to net charge-offs
167.55%Efficiency ratio
52,723Assets per employee
2.39%Cash dividends to net income (YTD only)
Condition Ratios (%)
100.00%Loss allowance to loans
1.56%Loss allowance to noncurrent loans
92.46%Noncurrent assets plus other real estate owned to assets
1.31%Noncurrent loans to loans
1.69%Net loans and leases to deposits
79.21%Net loans and leases to core deposits
95.02%Equity capital to assets
9.35%Core capital (leverage) ratio
9.36%Tier 1 risk-based capital ratio
13.72%Total risk-based capital ratio
Memoranda
$15Average assets
$91,995Average earning assets
$8,759Average equity
$84,968Average loans

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