FDIC Certificate #: 15236 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Area Bank (#18478) Federal Reserve ID: 611947 Date Established: June 06, 1916 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 9590 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: July 18, 1935 Last Structure Change Effective Date: August 18, 2000 Last Structure Change Process Date: October 06, 2000 Last Data Update: October 06, 2000 Data Source Date: April 05, 2012
Location
Address: Main And Barnett Streets, Hazel, KY 42049 County: Calloway Quarterly Banking Profile Region: Chicago FDIC Geographic Region: Chicago FDIC Supervisory Region: Dallas FDIC Field Office: Hopkinsville Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: Southeast Core Based Statistical Area (CBSA): Murray, KY (#34660) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $28.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
10Total employees (full-time equivalent)
$27,453Total assets
$824Cash and due from depository institutions
$0Interest-bearing balances
$3,898Securities
$2,400Federal funds sold & reverse repurchase agreements
$19,793Net loans & leases
$188Loan loss allowance
$0Trading account assets
$60Bank premises and fixed assets
$35Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$443All other assets
$27,453Total liabilities and capital
$23,110Total liabilities
$22,894Total deposits
$21,366Interest-bearing deposits
$22,894Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$216All other liabilities
$4,343Total equity capital
$4,343Total bank equity capital
$4,343Perpetual preferred stock
$0Common stock
$23Surplus
$2,477Undivided profits
Memoranda
$1,843Noncurrent loans and leases
$716Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$300Earning assets
$0Long-term assets (5+ years)
$298Average Assets, year-to-date
$26,091Average Assets, quarterly
$229Volatile liabilities
$28,299Insider loans
$27,955FHLB advances
$6,285Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$716Total unused commitments
$0Restructured Loans and leases
$188Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$2,011Total interest income
$1,008Total interest expense
$1,003Net interest income
$150Provision for loan and lease losses
$137Total noninterest income
$0Fiduciary activities
$126Service charges on deposit accounts
$0Trading account gains & fees
$11Additional noninterest income
$752Total noninterest expense
$399Salaries and employee benefits
$79Premises and equipment expense
$274Additional noninterest expense
$238Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$238Income before extraordinary items
$0Extraordinary gains - net
$238Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$291Sale, conversion, retirement of capital stock, net
$264Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.47%Yield on earning assets
3.74%Cost of funding earning assets
3.72%Net interest margin
0.51%Noninterest income to earning assets
2.79%Noninterest expense to earning assets
0.84%Net operating income to assets
0.84%Return on assets (ROA)
0.84%Pretax return on assets
5.44%Return on equity (ROE)
-0.59%Retained earnings to average equity (YTD only)
1.40%Net charge-offs to loans
51.55%Credit loss provision to net charge-offs
1.33%Efficiency ratio
65,965Assets per employee
2.75%Cash dividends to net income (YTD only)
Condition Ratios (%)
110.92%Loss allowance to loans
0.94%Loss allowance to noncurrent loans
62.67%Noncurrent assets plus other real estate owned to assets
1.22%Noncurrent loans to loans
1.50%Net loans and leases to deposits
86.45%Net loans and leases to core deposits
119.17%Equity capital to assets
15.82%Core capital (leverage) ratio
15.24%Tier 1 risk-based capital ratio
23.07%Total risk-based capital ratio
Memoranda
$24Average assets
$28,299Average earning assets
$4,377Average equity
$26,935Average loans
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