1st Trust Bank, Inc. in Hazard, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

1st Trust Bank, Inc. - Overview

  • General
  • FDIC Certificate #: 57869
    Status: Active
    Federal Reserve ID: 3309393
    Date Established: December 13, 2004
    WWW: http://www.1sttrustbankinc.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 428536
    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: December 13, 2004
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 24 Commerce Drive, Hazard, KY 41701
    County: Perry
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $137.0 mil
    Equity capital: $11.8 mil
    Deposits held in domestic offices: $124.6 mil
    Return on assets (ROA): 0.28% ($0.4 mil)
    Quarterly return on assets: -0.49% (-$0.7 mil)
    Return on Equity (ROE): 3.40% ($0.4 mil)
    Quarterly return on equity: -5.71% (-$0.7 mil)
    Net income: $0.4 mil
    Quarterly Net income: -$0.2 mil
    Pretax return on assets: 0.40% ($547.8 mil)
    Quarterly Pretax return on assets: -0.76% (-$1,040.9 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
  • 26Total employees (full-time equivalent)
  • $136,957Total assets
  • $2,761Cash and due from depository institutions
  • $500Interest-bearing balances
  • $8,359Securities
  • $25,036Federal funds sold & reverse repurchase agreements
  • $94,360Net loans & leases
  • $869Loan loss allowance
  • $0Trading account assets
  • $5,316Bank premises and fixed assets
  • $175Other real estate owned
  • $0Goodwill and other intangibles
  • $136,956Life insurance assets
  • $950All other assets
  • $125,142Total liabilities and capital
  • $124,589Total liabilities
  • $114,065Total deposits
  • $124,589Interest-bearing deposits
  • $63Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $373Trading liabilities
  • $0Other borrowed funds
  • $180Subordinated debt
  • $11,814All other liabilities
  • $11,814Total equity capital
  • $11,814Total bank equity capital
  • $0Perpetual preferred stock
  • $6,747Common stock
  • $4,000Surplus
  • $1,067Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,790Income earned, not collected on loans
  • $0Earning assets
  • $381Long-term assets (5+ years)
  • $128,255Average Assets, year-to-date
  • $24,773Average Assets, quarterly
  • $130,504Volatile liabilities
  • $133,965Insider loans
  • $96,117FHLB advances
  • $133,780Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $11,749Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,691Restructured Loans and leases
  • $6,071Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,687Total interest income
  • $1,789Total interest expense
  • $3,898Net interest income
  • $624Provision for loan and lease losses
  • $315Total noninterest income
  • $0Fiduciary activities
  • $186Service charges on deposit accounts
  • $0Trading account gains & fees
  • $129Additional noninterest income
  • $3,063Total noninterest expense
  • $1,379Salaries and employee benefits
  • $477Premises and equipment expense
  • $1,207Additional noninterest expense
  • $526Pre-tax net operating income
  • $0Securities gains (losses)
  • $155Applicable income taxes
  • $371Income before extraordinary items
  • $0Extraordinary gains - net
  • $371Net income attributable to bank
  • $0Net charge-offs
  • $371Cash dividends
  • $543Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.67%Yield on earning assets
  • 1.47%Cost of funding earning assets
  • 3.20%Net interest margin
  • 0.26%Noninterest income to earning assets
  • 2.51%Noninterest expense to earning assets
  • 0.28%Net operating income to assets
  • 0.28%Return on assets (ROA)
  • 0.40%Pretax return on assets
  • 3.40%Return on equity (ROE)
  • 3.40%Retained earnings to average equity (YTD only)
  • 0.58%Net charge-offs to loans
  • 114.92%Credit loss provision to net charge-offs
  • 2.12%Efficiency ratio
  • 72,704Assets per employee
  • 5.27%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.91%Loss allowance to noncurrent loans
  • 48.55%Noncurrent assets plus other real estate owned to assets
  • 1.43%Noncurrent loans to loans
  • 1.88%Net loans and leases to deposits
  • 75.74%Net loans and leases to core deposits
  • 109.91%Equity capital to assets
  • 8.63%Core capital (leverage) ratio
  • 8.78%Tier 1 risk-based capital ratio
  • 12.22%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $130,504Average earning assets
  • $10,902Average equity
  • $121,889Average loans

List of branches

  • 2 Kentucky Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    04285361st Trust Bank, Inc.24 Commerce Drive, Hazard, KY 41701December 13, 2004Full Service Brick and Mortar
    1466400Black Gold Branch106 Black Gold Court, Hazard, KY 41701August 01, 2006Full Service Brick and Mortar

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