South Central Bank, Inc. in Glasgow, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • South Central Bank, Inc. in Glasgow, Kentucky (KY)
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South Central Bank, Inc. routing number info

South Central Bank, Inc. - Overview

  • General
  • FDIC Certificate #: 5854
    Status: Active
    Federal Reserve ID: 473042
    Bank Holding Company (Regulatory Top Holder): South Central Bancshares Of Kentucky, Inc. (RSSDID: 2810285, Location: Glasgow, KY)
    Date Established: January 01, 1908
    WWW: http://www.southcentralbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    OTS Docket #: 16153
    FDIC's unique #: 4000
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: July 17, 2009
    Last Structure Change Process Date: August 31, 2010
    Last Data Update: August 31, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 208 South Broadway, Glasgow, KY 42141
    County: Barren
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Elizabethtown
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Southeast
    Core Based Statistical Area (CBSA): Glasgow, KY (#23980)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Name Change
  • Financial Summary
  • Total assets: $276.3 mil
    Equity capital: $31.1 mil
    Deposits held in domestic offices: $236.5 mil
    Return on assets (ROA): 0.19% ($0.5 mil)
    Quarterly return on assets: -0.48% (-$1.3 mil)
    Return on Equity (ROE): 1.68% ($0.5 mil)
    Quarterly return on equity: -4.23% (-$1.3 mil)
    Net income: $0.5 mil
    Quarterly Net income: -$0.3 mil
    Pretax return on assets: 0.28% ($773.5 mil)
    Quarterly Pretax return on assets: -0.74% (-$2,044.3 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, 2011)

  • Dollar figures in thousands
  • 79Total employees (full-time equivalent)
  • $276,250Total assets
  • $25,389Cash and due from depository institutions
  • $22,813Interest-bearing balances
  • $36,473Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $200,573Net loans & leases
  • $3,118Loan loss allowance
  • $0Trading account assets
  • $5,348Bank premises and fixed assets
  • $255Other real estate owned
  • $2,585Goodwill and other intangibles
  • $276,250Life insurance assets
  • $5,627All other assets
  • $245,128Total liabilities and capital
  • $236,478Total liabilities
  • $187,826Total deposits
  • $236,478Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 997.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,000Trading liabilities
  • $0Other borrowed funds
  • $4,653Subordinated debt
  • $31,122All other liabilities
  • $31,122Total equity capital
  • $31,122Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $5,355Surplus
  • $25,667Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $2,144Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $9,425Income earned, not collected on loans
  • $647Earning assets
  • $2,527Long-term assets (5+ years)
  • $259,859Average Assets, year-to-date
  • $52,867Average Assets, quarterly
  • $277,459Volatile liabilities
  • $276,614Insider loans
  • $210,716FHLB advances
  • $275,485Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $30,527Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $23,411Restructured Loans and leases
  • $3,442Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,863Total interest income
  • $2,894Total interest expense
  • $9,969Net interest income
  • $2,233Provision for loan and lease losses
  • $3,113Total noninterest income
  • $0Fiduciary activities
  • $1,593Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,520Additional noninterest income
  • $10,195Total noninterest expense
  • $3,345Salaries and employee benefits
  • $942Premises and equipment expense
  • $5,908Additional noninterest expense
  • $654Pre-tax net operating income
  • $122Securities gains (losses)
  • $250Applicable income taxes
  • $526Income before extraordinary items
  • $0Extraordinary gains - net
  • $526Net income attributable to bank
  • $0Net charge-offs
  • $526Cash dividends
  • $2,280Sale, conversion, retirement of capital stock, net
  • $325Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.94%Yield on earning assets
  • 1.11%Cost of funding earning assets
  • 3.83%Net interest margin
  • 1.20%Noninterest income to earning assets
  • 3.92%Noninterest expense to earning assets
  • 0.16%Net operating income to assets
  • 0.19%Return on assets (ROA)
  • 0.28%Pretax return on assets
  • 1.68%Return on equity (ROE)
  • 0.64%Retained earnings to average equity (YTD only)
  • 1.09%Net charge-offs to loans
  • 97.94%Credit loss provision to net charge-offs
  • 1.27%Efficiency ratio
  • 77,932Assets per employee
  • 3.50%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 61.79%Loss allowance to loans
  • 1.53%Loss allowance to noncurrent loans
  • 33.08%Noncurrent assets plus other real estate owned to assets
  • 3.50%Noncurrent loans to loans
  • 4.63%Net loans and leases to deposits
  • 84.82%Net loans and leases to core deposits
  • 91.23%Equity capital to assets
  • 11.27%Core capital (leverage) ratio
  • 11.08%Tier 1 risk-based capital ratio
  • 14.49%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $277,459Average earning assets
  • $31,372Average equity
  • $260,283Average loans

List of branches

  • 7 Kentucky Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    04000South Central Bank, Inc.208 South Broadway, Glasgow, KY 42141January 01, 1908Full Service Brick and Mortar
    1208241Glasgow Branch31-E South At South Fort Road, Glasgow, KY 42141June 30, 1986Full Service Brick and Mortar
    2208242Park City BranchGorin And Second Streets, Park City, KY 42160May 30, 1989Full Service Brick and Mortar
    3208243Happy Valley Branch615 Happy Valley Road, Glasgow, KY 42141October 20, 1994Full Service Brick and Mortar
    4208244Cave City Branch518 North Dixie Highway, Cave City, KY 42127April 23, 1998Full Service Brick and Mortar
    5442952Beaver Trail Office Branch165 Beaver Trail South, Glasgow, KY 42141Febuary 28, 2005Full Service Brick and Mortar
    6290264Edmonton Branch704 W. Stockton, Edmonton, KY 42129July 15, 1997Full Service Brick and Mortar

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