FDIC Certificate #: 2705 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Inez Deposit Bank (#9307) Federal Reserve ID: 1017210 Date Established: July 01, 1891 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 2 (Interstate: No) OTS Docket #: 14547 FDIC's unique #: 1748 Numeric code: 33 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: August 19, 2011 Last Structure Change Process Date: August 24, 2011 Last Data Update: August 24, 2011 Data Source Date: April 05, 2012
Location
Address: 202 East Main Street, Louisa, KY 41230 County: Lawrence 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: $49.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2010)
Dollar figures in thousands
16Total employees (full-time equivalent)
$49,487Total assets
$7,262Cash and due from depository institutions
$3,283Interest-bearing balances
$16,182Securities
$3,650Federal funds sold & reverse repurchase agreements
$20,041Net loans & leases
$339Loan loss allowance
$0Trading account assets
$1,641Bank premises and fixed assets
$22Other real estate owned
$13Goodwill and other intangibles
$0Life insurance assets
$676All other assets
$49,487Total liabilities and capital
$43,949Total liabilities
$43,487Total deposits
$34,833Interest-bearing deposits
$43,487Deposits held in domestic offices
91.89%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$250Other borrowed funds
$0Subordinated debt
$212All other liabilities
$5,538Total equity capital
$5,538Total bank equity capital
$5,538Perpetual preferred stock
$0Common stock
$275Surplus
$725Undivided profits
Memoranda
$4,538Noncurrent loans and leases
$1,149Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$579Earning assets
$0Long-term assets (5+ years)
$211Average Assets, year-to-date
$43,156Average Assets, quarterly
$0Volatile liabilities
$47,974Insider loans
$48,717FHLB advances
$10,508Loans and leases held for sale
$367Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,149Total unused commitments
$0Restructured Loans and leases
$339Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$2,114Total interest income
$634Total interest expense
$1,480Net interest income
$30Provision for loan and lease losses
$340Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$340Additional noninterest income
$1,678Total noninterest expense
$583Salaries and employee benefits
$231Premises and equipment expense
$864Additional noninterest expense
$112Pre-tax net operating income
$0Securities gains (losses)
$3Applicable income taxes
$109Income before extraordinary items
$0Extraordinary gains - net
$109Net income attributable to bank
$0Net charge-offs
$109Cash dividends
$7Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.27%Yield on earning assets
1.58%Cost of funding earning assets
3.69%Net interest margin
0.85%Noninterest income to earning assets
4.18%Noninterest expense to earning assets
0.23%Net operating income to assets
0.23%Return on assets (ROA)
0.23%Pretax return on assets
1.94%Return on equity (ROE)
1.94%Retained earnings to average equity (YTD only)
0.03%Net charge-offs to loans
428.57%Credit loss provision to net charge-offs
20.29%Efficiency ratio
92,198Assets per employee
3.09%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.66%Loss allowance to noncurrent loans
58.55%Noncurrent assets plus other real estate owned to assets
1.21%Noncurrent loans to loans
2.84%Net loans and leases to deposits
46.09%Net loans and leases to core deposits
60.31%Equity capital to assets
11.19%Core capital (leverage) ratio
10.96%Tier 1 risk-based capital ratio
18.79%Total risk-based capital ratio
Memoranda
$20Average assets
$47,974Average earning assets
$5,623Average equity
$40,148Average loans
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