FDIC Certificate #: 34190 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:FORCHT BANK, NATIONAL ASSOCIATION (#57415) Federal Reserve ID: 2479927 Date Established: June 28, 1996 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 3 (Interstate: No) OTS Docket #: 16157 FDIC's unique #: 56848 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: June 28, 1996 Last Structure Change Effective Date: December 31, 2007 Last Structure Change Process Date: January 08, 2008 Last Data Update: January 08, 2008 Data Source Date: April 05, 2012
Location
Address: 100 First Financial Plaza, London, KY 40741 County: Laurel 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 Combined Statistical Area (CSA): Corbin-London, KY (#202) Core Based Statistical Area (CBSA): London, KY (#30940) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $102.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
34Total employees (full-time equivalent)
$91,203Total assets
$2,979Cash and due from depository institutions
$8Interest-bearing balances
$26,547Securities
$507Federal funds sold & reverse repurchase agreements
$57,319Net loans & leases
$660Loan loss allowance
$0Trading account assets
$2,652Bank premises and fixed assets
$138Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,061All other assets
$91,203Total liabilities and capital
$84,013Total liabilities
$83,246Total deposits
$74,827Interest-bearing deposits
$83,246Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$767All other liabilities
$7,190Total equity capital
$7,190Total bank equity capital
$7,190Perpetual preferred stock
$0Common stock
$2,056Surplus
$2,056Undivided profits
Memoranda
$3,078Noncurrent loans and leases
$5,195Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$95Earning assets
$0Long-term assets (5+ years)
$586Average Assets, year-to-date
$84,381Average Assets, quarterly
$31,791Volatile liabilities
$89,122Insider loans
$90,114FHLB advances
$13,785Loans and leases held for sale
$2,128Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,195Total unused commitments
$0Restructured Loans and leases
$660Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$5,384Total interest income
$2,645Total interest expense
$2,739Net interest income
$104Provision for loan and lease losses
$788Total noninterest income
$0Fiduciary activities
$575Service charges on deposit accounts
$0Trading account gains & fees
$213Additional noninterest income
$2,359Total noninterest expense
$956Salaries and employee benefits
$383Premises and equipment expense
$1,020Additional noninterest expense
$1,064Pre-tax net operating income
$0Securities gains (losses)
$364Applicable income taxes
$700Income before extraordinary items
$0Extraordinary gains - net
$700Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$146Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.52%Yield on earning assets
3.20%Cost of funding earning assets
3.31%Net interest margin
0.95%Noninterest income to earning assets
2.85%Noninterest expense to earning assets
0.79%Net operating income to assets
0.79%Return on assets (ROA)
1.19%Pretax return on assets
10.44%Return on equity (ROE)
10.44%Retained earnings to average equity (YTD only)
0.27%Net charge-offs to loans
71.23%Credit loss provision to net charge-offs
8.00%Efficiency ratio
66,884Assets per employee
2.68%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.14%Loss allowance to noncurrent loans
694.74%Noncurrent assets plus other real estate owned to assets
0.26%Noncurrent loans to loans
0.16%Net loans and leases to deposits
68.85%Net loans and leases to core deposits
82.52%Equity capital to assets
7.88%Core capital (leverage) ratio
8.14%Tier 1 risk-based capital ratio
13.06%Total risk-based capital ratio
Memoranda
$14Average assets
$89,122Average earning assets
$6,707Average equity
$82,633Average loans
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