FDIC Certificate #: 2744 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Old National Bank (#4393) Federal Reserve ID: 501945 Date Established: March 19, 1902 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 #: 9728 FDIC's unique #: 1782 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes Oakar Institutions: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: October 07, 1999 Last Structure Change Process Date: November 03, 1999 Last Data Update: November 03, 1999 Data Source Date: April 05, 2012
Location
Address: 306 Lake Street, Fulton, KY 42041 County: Fulton Quarterly Banking Profile Region: Chicago FDIC Geographic Region: Chicago FDIC Supervisory Region: Chicago FDIC Field Office: Hopkinsville Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: Southeast Combined Statistical Area (CSA): Union City-Martin, TN-KY (#542) Core Based Statistical Area (CBSA): Union City, TN-KY (#46460) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $103.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
42Total employees (full-time equivalent)
$104,975Total assets
$1,281Cash and due from depository institutions
$100Interest-bearing balances
$44,776Securities
$2,450Federal funds sold & reverse repurchase agreements
$51,730Net loans & leases
$659Loan loss allowance
$0Trading account assets
$1,109Bank premises and fixed assets
$0Other real estate owned
$590Goodwill and other intangibles
$0Life insurance assets
$3,039All other assets
$104,975Total liabilities and capital
$95,257Total liabilities
$83,563Total deposits
$74,808Interest-bearing deposits
$83,563Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$9,905Other borrowed funds
$0Subordinated debt
$1,789All other liabilities
$9,718Total equity capital
$9,718Total bank equity capital
$9,718Perpetual preferred stock
$0Common stock
$360Surplus
$2,251Undivided profits
Memoranda
$7,107Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$8Earning assets
$0Long-term assets (5+ years)
$556Average Assets, year-to-date
$99,056Average Assets, quarterly
$46,120Volatile liabilities
$102,496Insider loans
$101,522FHLB advances
$8,259Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$7,637Total unused commitments
$0Restructured Loans and leases
$57,716Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$7,331Total interest income
$3,687Total interest expense
$3,644Net interest income
$5Provision for loan and lease losses
$997Total noninterest income
$0Fiduciary activities
$485Service charges on deposit accounts
$0Trading account gains & fees
$512Additional noninterest income
$2,995Total noninterest expense
$1,571Salaries and employee benefits
$252Premises and equipment expense
$1,172Additional noninterest expense
$1,641Pre-tax net operating income
$0Securities gains (losses)
$340Applicable income taxes
$1,301Income before extraordinary items
$0Extraordinary gains - net
$1,301Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$14Sale, conversion, retirement of capital stock, net
$1,810Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.62%Yield on earning assets
3.83%Cost of funding earning assets
3.79%Net interest margin
1.04%Noninterest income to earning assets
3.11%Noninterest expense to earning assets
1.27%Net operating income to assets
1.27%Return on assets (ROA)
1.60%Pretax return on assets
13.38%Return on equity (ROE)
-5.24%Retained earnings to average equity (YTD only)
0.03%Net charge-offs to loans
35.71%Credit loss provision to net charge-offs
117.57%Efficiency ratio
63,499Assets per employee
2.50%Cash dividends to net income (YTD only)
Condition Ratios (%)
139.12%Loss allowance to loans
1.26%Loss allowance to noncurrent loans
8237.50%Noncurrent assets plus other real estate owned to assets
0.01%Noncurrent loans to loans
0.02%Net loans and leases to deposits
61.91%Net loans and leases to core deposits
68.69%Equity capital to assets
9.26%Core capital (leverage) ratio
8.32%Tier 1 risk-based capital ratio
14.93%Total risk-based capital ratio
Memoranda
$16Average assets
$102,496Average earning assets
$9,720Average equity
$96,174Average loans
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