Area Bank in Owensboro, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 12, 2002

  • Area Bank in Owensboro, Kentucky (KY)
  • Show street view No street view available for this location

Area Bank - Overview

  • General
  • FDIC Certificate #: 18478
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Branch Banking and Trust Company (#9846)
    Federal Reserve ID: 341646
    Date Established: January 02, 1962
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 72 (Interstate: No)
    FDIC's unique #: 12374
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 02, 1962
    Last Structure Change Effective Date: July 12, 2002
    Last Structure Change Process Date: July 25, 2002
    Last Data Update: July 25, 2002
    Data Source Date: April 05, 2012
  • Location
  • Address: 230 Frederica Street, Owensboro, KY 42301
    County: Daviess
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Hopkinsville
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Owensboro, KY (#5990)
    Core Based Statistical Area (CBSA): Owensboro, KY (#36980)
    CBSA Metro Statistical Area: Owensboro, KY (#36980)
  • Financial Summary
  • Total assets: $2,540.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)

  • Dollar figures in thousands
  • 678Total employees (full-time equivalent)
  • $2,648,293Total assets
  • $117,684Cash and due from depository institutions
  • $3,666Interest-bearing balances
  • $687,839Securities
  • $11,418Federal funds sold & reverse repurchase agreements
  • $1,684,985Net loans & leases
  • $23,021Loan loss allowance
  • $0Trading account assets
  • $38,491Bank premises and fixed assets
  • $601Other real estate owned
  • $51,498Goodwill and other intangibles
  • $0Life insurance assets
  • $55,777All other assets
  • $2,648,293Total liabilities and capital
  • $2,363,232Total liabilities
  • $1,916,633Total deposits
  • $1,608,294Interest-bearing deposits
  • $1,916,633Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $179,590Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $247,250Other borrowed funds
  • $0Subordinated debt
  • $19,759All other liabilities
  • $285,061Total equity capital
  • $285,061Total bank equity capital
  • $285,061Perpetual preferred stock
  • $0Common stock
  • $14,879Surplus
  • $216,049Undivided profits
  • Memoranda
  • $54,133Noncurrent loans and leases
  • $321,405Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $7,782Earning assets
  • $465Long-term assets (5+ years)
  • $19,093Average Assets, year-to-date
  • $2,387,908Average Assets, quarterly
  • $693,579Volatile liabilities
  • $2,507,886Insider loans
  • $2,637,007FHLB advances
  • $448,479Loans and leases held for sale
  • $3,357Unused loan commitments
  • $227,791Tier 1 (core) risk-based capital
  • $16,000Tier 2 risk-based capital
  • $20,928Total risk weighted assets
  • $321,405Total unused commitments
  • $0Restructured Loans and leases
  • $20,880Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $179,172Total interest income
  • $76,917Total interest expense
  • $102,255Net interest income
  • $3,020Provision for loan and lease losses
  • $23,352Total noninterest income
  • $0Fiduciary activities
  • $14,403Service charges on deposit accounts
  • $0Trading account gains & fees
  • $8,949Additional noninterest income
  • $56,119Total noninterest expense
  • $26,446Salaries and employee benefits
  • $8,597Premises and equipment expense
  • $21,076Additional noninterest expense
  • $66,468Pre-tax net operating income
  • $3Securities gains (losses)
  • $20,793Applicable income taxes
  • $45,678Income before extraordinary items
  • $0Extraordinary gains - net
  • $45,678Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $4,935Sale, conversion, retirement of capital stock, net
  • $30,000Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.91%Yield on earning assets
  • 3.39%Cost of funding earning assets
  • 4.51%Net interest margin
  • 1.03%Noninterest income to earning assets
  • 2.48%Noninterest expense to earning assets
  • 1.82%Net operating income to assets
  • 1.82%Return on assets (ROA)
  • 2.65%Pretax return on assets
  • 16.54%Return on equity (ROE)
  • 5.68%Retained earnings to average equity (YTD only)
  • 0.29%Net charge-offs to loans
  • 61.20%Credit loss provision to net charge-offs
  • 14.08%Efficiency ratio
  • 39,949Assets per employee
  • 3.91%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 65.68%Loss allowance to loans
  • 1.35%Loss allowance to noncurrent loans
  • 295.82%Noncurrent assets plus other real estate owned to assets
  • 0.32%Noncurrent loans to loans
  • 0.46%Net loans and leases to deposits
  • 87.91%Net loans and leases to core deposits
  • 101.28%Equity capital to assets
  • 10.76%Core capital (leverage) ratio
  • 8.90%Tier 1 risk-based capital ratio
  • 13.56%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $2,507,886Average earning assets
  • $276,250Average equity
  • $2,266,194Average loans

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