The First National Bank and Trust Company of Corbin in Corbin, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 09, 1999

The First National Bank and Trust Company of Corbin in Corbin, Kentucky (KY)
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The First National Bank and Trust Company of Corbin - Overview

General
FDIC Certificate #: 2686
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Union Planters Bank, National Association (#4979)
Federal Reserve ID: 685911
Date Established: January 01, 1905
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 4 (Interstate: No)
OTS Docket #: 10963
FDIC's unique #: 1732
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: January 01, 1934
Last Structure Change Effective Date: July 09, 1999
Last Structure Change Process Date: July 20, 1999
Last Data Update: July 20, 1999
Data Source Date: April 05, 2012
Location
Address: Main At First, Corbin, KY 40701
County: Whitley
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Knoxville
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): Corbin, KY (#18340)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $229.4 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
103Total employees (full-time equivalent)
$235,095Total assets
$7,332Cash and due from depository institutions
$5Interest-bearing balances
$49,662Securities
$0Federal funds sold & reverse repurchase agreements
$168,849Net loans & leases
$4,000Loan loss allowance
$0Trading account assets
$3,188Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$6,064All other assets
$235,095Total liabilities and capital
$219,416Total liabilities
$192,861Total deposits
$170,877Interest-bearing deposits
$192,861Deposits held in domestic offices
0.00%% insured (estimated)
$18,970Federal funds purchased & repurchase agreements
$0Trading liabilities
$5,233Other borrowed funds
$0Subordinated debt
$2,352All other liabilities
$15,679Total equity capital
$15,679Total bank equity capital
$15,679Perpetual preferred stock
$0Common stock
$1,400Surplus
$5,000Undivided profits
Memoranda
$9,279Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$431Earning assets
$0Long-term assets (5+ years)
$1,301Average Assets, year-to-date
$218,516Average Assets, quarterly
$56,349Volatile liabilities
$238,966Insider loans
$239,304FHLB advances
$53,224Loans and leases held for sale
$2,485Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$20,445Total unused commitments
$0Restructured Loans and leases
$166,042Derivatives

Income and Expense (December 31, 1998)

Dollar figures in thousands
$19,577Total interest income
$9,885Total interest expense
$9,692Net interest income
$4,939Provision for loan and lease losses
$1,461Total noninterest income
$52Fiduciary activities
$727Service charges on deposit accounts
$0Trading account gains & fees
$682Additional noninterest income
$9,534Total noninterest expense
$3,783Salaries and employee benefits
$1,590Premises and equipment expense
$4,161Additional noninterest expense
-$3,320Pre-tax net operating income
$382Securities gains (losses)
-$3,009Applicable income taxes
$71Income before extraordinary items
$0Extraordinary gains - net
$71Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$3,114Sale, conversion, retirement of capital stock, net
$2,100Net operating income

Performance and Condition Ratios (December 31, 1998)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.73%Yield on earning assets
4.41%Cost of funding earning assets
4.32%Net interest margin
0.65%Noninterest income to earning assets
4.25%Noninterest expense to earning assets
-0.07%Net operating income to assets
0.03%Return on assets (ROA)
-1.23%Pretax return on assets
0.39%Return on equity (ROE)
-11.19%Retained earnings to average equity (YTD only)
1.76%Net charge-offs to loans
158.61%Credit loss provision to net charge-offs
0.52%Efficiency ratio
85,484Assets per employee
2.28%Cash dividends to net income (YTD only)
Condition Ratios (%)
2957.75%Loss allowance to loans
2.31%Loss allowance to noncurrent loans
928.07%Noncurrent assets plus other real estate owned to assets
0.18%Noncurrent loans to loans
0.25%Net loans and leases to deposits
87.55%Net loans and leases to core deposits
106.30%Equity capital to assets
6.67%Core capital (leverage) ratio
6.21%Tier 1 risk-based capital ratio
9.17%Total risk-based capital ratio
Memoranda
$10Average assets
$238,966Average earning assets
$18,129Average equity
$224,136Average loans

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