Alliance Bank in Somerset, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 02, 2000

  • Alliance Bank in Somerset, Kentucky (KY)
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Alliance Bank - Overview

  • General
  • FDIC Certificate #: 30196
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Area Bank (#18478)
    Federal Reserve ID: 875075
    Date Established: January 01, 1935
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Interstate: No)
    OTS Docket #: 4927
    FDIC's unique #: 43030
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    SAIF Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: May 10, 1943
    Last Structure Change Effective Date: October 02, 2000
    Last Structure Change Process Date: December 04, 2000
    Last Data Update: December 04, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 124 North Main St, Somerset, KY 42501
    County: Pulaski
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Lexington
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Southeast
    Core Based Statistical Area (CBSA): Somerset, KY (#43700)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $185.0 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, 1999)

  • Dollar figures in thousands
  • 73Total employees (full-time equivalent)
  • $195,368Total assets
  • $8,389Cash and due from depository institutions
  • $44Interest-bearing balances
  • $37,011Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $141,923Net loans & leases
  • $1,861Loan loss allowance
  • $0Trading account assets
  • $4,822Bank premises and fixed assets
  • $21Other real estate owned
  • $898Goodwill and other intangibles
  • $0Life insurance assets
  • $2,304All other assets
  • $195,368Total liabilities and capital
  • $181,716Total liabilities
  • $153,757Total deposits
  • $140,257Interest-bearing deposits
  • $153,757Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $12,257Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $15,000Other borrowed funds
  • $0Subordinated debt
  • $702All other liabilities
  • $13,652Total equity capital
  • $13,652Total bank equity capital
  • $13,652Perpetual preferred stock
  • $0Common stock
  • $5,100Surplus
  • $5,100Undivided profits
  • Memoranda
  • $3,452Noncurrent loans and leases
  • $73,839Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $161Earning assets
  • $0Long-term assets (5+ years)
  • $891Average Assets, year-to-date
  • $178,978Average Assets, quarterly
  • $41,329Volatile liabilities
  • $185,346Insider loans
  • $189,764FHLB advances
  • $23,887Loans and leases held for sale
  • $4,253Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $73,839Total unused commitments
  • $0Restructured Loans and leases
  • $1,861Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $14,100Total interest income
  • $6,276Total interest expense
  • $7,824Net interest income
  • $0Provision for loan and lease losses
  • $1,912Total noninterest income
  • $0Fiduciary activities
  • $766Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,146Additional noninterest income
  • $5,833Total noninterest expense
  • $2,755Salaries and employee benefits
  • $772Premises and equipment expense
  • $2,306Additional noninterest expense
  • $3,903Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,223Applicable income taxes
  • $2,680Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,680Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $29Sale, conversion, retirement of capital stock, net
  • $3,352Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.28%Yield on earning assets
  • 3.69%Cost of funding earning assets
  • 4.59%Net interest margin
  • 1.12%Noninterest income to earning assets
  • 3.43%Noninterest expense to earning assets
  • 1.45%Net operating income to assets
  • 1.45%Return on assets (ROA)
  • 2.11%Pretax return on assets
  • 19.19%Return on equity (ROE)
  • -4.81%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 134.59%Efficiency ratio
  • 57,590Assets per employee
  • 2.68%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 125.07%Loss allowance to loans
  • 1.29%Loss allowance to noncurrent loans
  • 1155.90%Noncurrent assets plus other real estate owned to assets
  • 0.08%Noncurrent loans to loans
  • 0.11%Net loans and leases to deposits
  • 92.30%Net loans and leases to core deposits
  • 99.86%Equity capital to assets
  • 6.99%Core capital (leverage) ratio
  • 7.28%Tier 1 risk-based capital ratio
  • 8.44%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $185,346Average earning assets
  • $13,966Average equity
  • $170,279Average loans

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