First Southern National Bank of Wayne County - Overview
General
FDIC Certificate #: 15659 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Southern National Bank (#2700) Federal Reserve ID: 327547 Date Established: January 01, 1938 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 2 (Interstate: No) OTS Docket #: 10614 FDIC's unique #: 9936 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: March 27, 1939 Last Structure Change Effective Date: December 17, 1998 Last Structure Change Process Date: January 06, 1999 Last Data Update: January 06, 1999 Data Source Date: April 05, 2012
Location
Address: 216 North Main Street, Monticello, KY 42633 County: Wayne Quarterly Banking Profile Region: Chicago FDIC Geographic Region: Chicago FDIC Supervisory Region: Dallas FDIC Field Office: Elizabethtown Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: Southeast
Financial Summary
Total assets: $49.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
23Total employees (full-time equivalent)
$47,099Total assets
$1,795Cash and due from depository institutions
$101Interest-bearing balances
$14,969Securities
$350Federal funds sold & reverse repurchase agreements
$28,915Net loans & leases
$445Loan loss allowance
$0Trading account assets
$497Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$573All other assets
$47,099Total liabilities and capital
$43,502Total liabilities
$42,937Total deposits
$38,157Interest-bearing deposits
$42,937Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$565All other liabilities
$3,597Total equity capital
$3,597Total bank equity capital
$3,597Perpetual preferred stock
$0Common stock
$1,400Surplus
$800Undivided profits
Memoranda
$1,397Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$261Earning assets
$0Long-term assets (5+ years)
$308Average Assets, year-to-date
$44,335Average Assets, quarterly
$8,394Volatile liabilities
$44,982Insider loans
$46,611FHLB advances
$4,661Loans and leases held for sale
$1,829Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,084Total unused commitments
$0Restructured Loans and leases
$29,518Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$4,008Total interest income
$1,772Total interest expense
$2,236Net interest income
$0Provision for loan and lease losses
$209Total noninterest income
$0Fiduciary activities
$108Service charges on deposit accounts
$0Trading account gains & fees
$101Additional noninterest income
$1,318Total noninterest expense
$612Salaries and employee benefits
$126Premises and equipment expense
$580Additional noninterest expense
$1,127Pre-tax net operating income
$0Securities gains (losses)
$347Applicable income taxes
$780Income before extraordinary items
$0Extraordinary gains - net
$780Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$2Sale, conversion, retirement of capital stock, net
$276Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.42%Yield on earning assets
4.17%Cost of funding earning assets
5.26%Net interest margin
0.49%Noninterest income to earning assets
3.10%Noninterest expense to earning assets
1.73%Net operating income to assets
1.73%Return on assets (ROA)
2.51%Pretax return on assets
24.13%Return on equity (ROE)
15.59%Retained earnings to average equity (YTD only)
-0.01%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
53,906Assets per employee
2.05%Cash dividends to net income (YTD only)
Condition Ratios (%)
35.38%Loss allowance to loans
1.52%Loss allowance to noncurrent loans
170.50%Noncurrent assets plus other real estate owned to assets
0.55%Noncurrent loans to loans
0.89%Net loans and leases to deposits
67.34%Net loans and leases to core deposits
75.54%Equity capital to assets
7.64%Core capital (leverage) ratio
7.52%Tier 1 risk-based capital ratio
11.85%Total risk-based capital ratio
Memoranda
$13Average assets
$44,982Average earning assets
$3,233Average equity
$42,539Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First Southern National Bank of Wayne County.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: