American Founders Bank, Inc. in Lexington, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

American Founders Bank, Inc. - Overview

  • General
  • FDIC Certificate #: 57113
    Status: Active
    Federal Reserve ID: 3025134
    Bank Holding Company (Regulatory Top Holder): American Founders Bancorp, Inc. (RSSDID: 3416376, Location: Lexington, KY)
    Date Established: May 14, 2001
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    FDIC's unique #: 357946
    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: May 14, 2001
    Last Structure Change Effective Date: May 01, 2009
    Last Structure Change Process Date: May 19, 2009
    Last Data Update: May 19, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 318 East Main Street, Lexington, KY 40507
    County: Fayette
    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
    Metropolitan Statistical Area (MSA): Lexington, KY (#4280)
    Combined Statistical Area (CSA): Lexington-Fayette-Frankfort-Richmond, KY (#336)
    Core Based Statistical Area (CBSA): Lexington-Fayette, KY (#30460)
    CBSA Metro Statistical Area: Lexington-Fayette, KY (#30460)
  • History of Changes
  • Office Sold
    Office Purchased
    Change in Location
  • Financial Summary
  • Total assets: $385.6 mil
    Equity capital: $17.9 mil
    Deposits held in domestic offices: $314.1 mil
    Return on assets (ROA): -0.43% (-$1.7 mil)
    Quarterly return on assets: -0.98% (-$3.8 mil)
    Return on Equity (ROE): -9.15% (-$1.6 mil)
    Quarterly return on equity: -20.51% (-$3.7 mil)
    Net income: -$1.7 mil
    Quarterly Net income: -$1.0 mil
    Pretax return on assets: -0.63% (-$2,429.2 mil)
    Quarterly Pretax return on assets: -1.42% (-$5,475.3 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
  • 102Total employees (full-time equivalent)
  • $385,586Total assets
  • $8,406Cash and due from depository institutions
  • $2,344Interest-bearing balances
  • $79,946Securities
  • $1,508Federal funds sold & reverse repurchase agreements
  • $260,845Net loans & leases
  • $4,087Loan loss allowance
  • $0Trading account assets
  • $14,167Bank premises and fixed assets
  • $14,899Other real estate owned
  • $1,133Goodwill and other intangibles
  • $385,586Life insurance assets
  • $4,682All other assets
  • $361,728Total liabilities and capital
  • $314,096Total liabilities
  • $280,571Total deposits
  • $314,096Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 5020.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $40,442Trading liabilities
  • $0Other borrowed funds
  • $2,170Subordinated debt
  • $23,858All other liabilities
  • $17,858Total equity capital
  • $17,858Total bank equity capital
  • $0Perpetual preferred stock
  • $40,219Common stock
  • $39,268Surplus
  • $-61,629Undivided profits
  • Memoranda
  • $6,000Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,768Income earned, not collected on loans
  • $0Earning assets
  • $1,115Long-term assets (5+ years)
  • $344,643Average Assets, year-to-date
  • $97,614Average Assets, quarterly
  • $401,955Volatile liabilities
  • $391,943Insider loans
  • $287,618FHLB advances
  • $393,852Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $22,045Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $38,276Restructured Loans and leases
  • $8,422Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $17,574Total interest income
  • $4,813Total interest expense
  • $12,761Net interest income
  • $395Provision for loan and lease losses
  • -$381Total noninterest income
  • $0Fiduciary activities
  • $504Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$885Additional noninterest income
  • $14,518Total noninterest expense
  • $6,167Salaries and employee benefits
  • $1,686Premises and equipment expense
  • $6,665Additional noninterest expense
  • -$2,533Pre-tax net operating income
  • $0Securities gains (losses)
  • -$816Applicable income taxes
  • -$1,717Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,717Net income attributable to bank
  • $0Net charge-offs
  • -$1,717Cash dividends
  • $4,543Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.85%Yield on earning assets
  • 1.33%Cost of funding earning assets
  • 3.52%Net interest margin
  • -0.11%Noninterest income to earning assets
  • 4.01%Noninterest expense to earning assets
  • -0.43%Net operating income to assets
  • -0.43%Return on assets (ROA)
  • -0.63%Pretax return on assets
  • -9.15%Return on equity (ROE)
  • -9.15%Retained earnings to average equity (YTD only)
  • 1.70%Net charge-offs to loans
  • 8.69%Credit loss provision to net charge-offs
  • -0.47%Efficiency ratio
  • 114,297Assets per employee
  • 3.78%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.54%Loss allowance to noncurrent loans
  • 108.47%Noncurrent assets plus other real estate owned to assets
  • 4.84%Noncurrent loans to loans
  • 1.42%Net loans and leases to deposits
  • 83.05%Net loans and leases to core deposits
  • 84.96%Equity capital to assets
  • 4.63%Core capital (leverage) ratio
  • 5.60%Tier 1 risk-based capital ratio
  • 7.66%Total risk-based capital ratio
  • Memoranda
  • $9Average assets
  • $401,955Average earning assets
  • $18,774Average equity
  • $362,277Average loans

Bank Assets Sold and Securitized (December 31, 2010)

  • Dollar figures in thousands

List of branches

  • 7 Kentucky Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0357946American Founders Bank, Inc.318 East Main Street, Lexington, KY 40507May 14, 2001Full Service Brick and Mortar
    2446197Shelbyville Branch1732 Midland Trail, Shelbyville, KY 40065December 16, 2005Full Service Brick and Mortar
    4290728Lexington Southland Branch2100 Southview Drive, Lexington, KY 40503January 20, 1998Full Service Brick and Mortar
    5362094Lexington Tates Creek Branch3616 Walden Drive, Lexington, KY 40517November 07, 2000Full Service Brick and Mortar
    6364464Lexington Palomar Branch3750 Palomar Center Drive, Lexington, KY 40513November 19, 2001Full Service Brick and Mortar
    8479007North Hurstbourne Financial Center B1200 Forest Bridge Rd, Louisville, KY 40223December 15, 2007Full Service Brick and Mortar
    9446259Shelbyville Road Branch4220 Shelbyville Road, Louisville, KY 40207November 28, 2005Full Service Brick and Mortar

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