FORCHT BANK, NATIONAL ASSOCIATION in Lexington, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches


FORCHT BANK, NATIONAL ASSOCIATION - Overview

  • General
  • FDIC Certificate #: 57415
    Status: Active
    Federal Reserve ID: 3141726
    Bank Holding Company (Regulatory Top Holder): Forcht Bancorp, Inc. (RSSDID: 3446346, Location: Corbin, KY)
    Date Established: October 01, 2002
    WWW: http://www.forchtbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 34 (Domestic: 34, Interstate: No)
    FDIC's unique #: 363357
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: October 01, 2002
    Last Structure Change Effective Date: December 31, 2007
    Last Structure Change Process Date: January 08, 2008
    Last Data Update: January 08, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 2404 Sir Barton Way, Lexington, KY 40509
    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
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $992.1 mil
    Equity capital: $123.1 mil
    Deposits held in domestic offices: $796.4 mil
    Return on assets (ROA): 0.82% ($8.1 mil)
    Quarterly return on assets: 0.70% ($6.9 mil)
    Return on Equity (ROE): 7.26% ($8.9 mil)
    Quarterly return on equity: 5.61% ($6.9 mil)
    Net income: $8.2 mil
    Quarterly Net income: $1.7 mil
    Pretax return on assets: 1.13% ($11,210.6 mil)
    Quarterly Pretax return on assets: 0.98% ($9,722.4 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
  • 325Total employees (full-time equivalent)
  • $992,086Total assets
  • $40,315Cash and due from depository institutions
  • $17,863Interest-bearing balances
  • $291,308Securities
  • $956Federal funds sold & reverse repurchase agreements
  • $577,085Net loans & leases
  • $9,185Loan loss allowance
  • $0Trading account assets
  • $41,551Bank premises and fixed assets
  • $3,834Other real estate owned
  • $20,931Goodwill and other intangibles
  • $992,086Life insurance assets
  • $16,106All other assets
  • $868,995Total liabilities and capital
  • $796,374Total liabilities
  • $700,498Total deposits
  • $796,374Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 14015.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $48,000Trading liabilities
  • $0Other borrowed funds
  • $10,606Subordinated debt
  • $123,091All other liabilities
  • $123,091Total equity capital
  • $123,091Total bank equity capital
  • $0Perpetual preferred stock
  • $31,001Common stock
  • $37,163Surplus
  • $54,927Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $3,238Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $16,975Income earned, not collected on loans
  • $0Earning assets
  • $4,351Long-term assets (5+ years)
  • $887,212Average Assets, year-to-date
  • $369,661Average Assets, quarterly
  • $999,624Volatile liabilities
  • $971,503Insider loans
  • $590,053FHLB advances
  • $932,004Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $95,015Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $75,101Restructured Loans and leases
  • $27,764Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $47,502Total interest income
  • $6,559Total interest expense
  • $40,943Net interest income
  • $3,700Provision for loan and lease losses
  • $7,319Total noninterest income
  • $3Fiduciary activities
  • $6,873Service charges on deposit accounts
  • $0Trading account gains & fees
  • $443Additional noninterest income
  • $37,303Total noninterest expense
  • $16,436Salaries and employee benefits
  • $6,534Premises and equipment expense
  • $14,333Additional noninterest expense
  • $7,259Pre-tax net operating income
  • $4,041Securities gains (losses)
  • $3,124Applicable income taxes
  • $8,176Income before extraordinary items
  • $0Extraordinary gains - net
  • $8,176Net income attributable to bank
  • $0Net charge-offs
  • $8,176Cash dividends
  • $4,644Sale, conversion, retirement of capital stock, net
  • $1,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.30%Yield on earning assets
  • 0.73%Cost of funding earning assets
  • 4.57%Net interest margin
  • 0.82%Noninterest income to earning assets
  • 4.16%Noninterest expense to earning assets
  • 0.53%Net operating income to assets
  • 0.82%Return on assets (ROA)
  • 1.13%Pretax return on assets
  • 7.26%Return on equity (ROE)
  • 6.37%Retained earnings to average equity (YTD only)
  • 0.75%Net charge-offs to loans
  • 79.67%Credit loss provision to net charge-offs
  • 2.36%Efficiency ratio
  • 76,779Assets per employee
  • 3.05%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 12.23%Loss allowance to loans
  • 1.57%Loss allowance to noncurrent loans
  • 54.11%Noncurrent assets plus other real estate owned to assets
  • 2.10%Noncurrent loans to loans
  • 2.90%Net loans and leases to deposits
  • 72.46%Net loans and leases to core deposits
  • 74.52%Equity capital to assets
  • 12.41%Core capital (leverage) ratio
  • 10.19%Tier 1 risk-based capital ratio
  • 16.10%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $999,624Average earning assets
  • $112,582Average equity
  • $895,951Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $366Managed Assets
  • 1Number of Accounts
  • $217Personal trust and agency accounts
  • $217Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 19Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $149Other retirement accounts
  • $130Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 34 Kentucky Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0363357Forcht Bank, National Association2404 Sir Barton Way, Lexington, KY 40509October 01, 2002Full Service Brick and Mortar
    1433516Lexington - North Park506 West New Circle Road, Lexington, KY 40511October 08, 2004Full Service Brick and Mortar
    26191Grant - Main203-205 South Main Street, Williamstown, KY 41097April 29, 1880Full Service Brick and Mortar
    5220812Grant - CrittendenI-75 And Violet Road, Crittenden, KY 41030December 18, 1991Full Service Brick and Mortar
    6220813Grant - Dry Ridge58 Broadway, Dry Ridge, KY 41035August 10, 1994Full Service Brick and Mortar
    76730Greensburg - Main102-108 N Public Square, Greensburg, KY 42743January 01, 1890Full Service Brick and Mortar
    8222463Greensburg - South117 S Main St, Greensburg, KY 42743June 03, 1974Full Service Brick and Mortar
    9222464Greensburg - Summersville5289 Hodgenville Rd, Greensburg, KY 42743June 06, 1984Full Service Brick and Mortar
    10441113Louisville - J-Town10505 Taylorsville Road, Louisville, KY 40209June 20, 2005Full Service Brick and Mortar
    1132974Corbin - Main820 Master Street, Corbin, KY 40701September 12, 1985Full Service Brick and Mortar
    12259253Corbin - South1600 Cumberland Falls Hwy, Corbin, KY 40701May 02, 1988Full Service Brick and Mortar
    13259254Barbourville - Main406 Knox St, Barbourville, KY 40906May 14, 1990Full Service Brick and Mortar
    15452361Corbin - Parkway384 West Cumberland Gap Parkway, Corbin, KY 40701July 15, 2005Full Service Brick and Mortar
    1640327Williamsburg - Main1331 U.S. Highway 25 West, Williamsburg, KY 40769July 14, 1989Full Service Brick and Mortar
    1746670Campbellsville - Main1405 East Broadway, Campbellsville, KY 42718December 14, 1990Full Service Brick and Mortar
    18289400Campbellsville - Bcw391 Campbellsville By-Pass, Campbellsville, KY 42718April 04, 1996Full Service Brick and Mortar
    1956848London - Main100 First Financial Plaza, London, KY 40741June 28, 1996Full Service Brick and Mortar
    20290444London - South792 South Laurel Road, London, KY 40741Febuary 26, 1999Full Service Brick and Mortar
    21454735London - 192 Branch50 Old Whitley Road, London, KY 40741July 01, 2005Full Service Brick and Mortar
    2259035Somerset - Main1846 South Highway 27, Somerset, KY 42501August 01, 1997Full Service Brick and Mortar
    2355335Somerset - Mccreary456 North U.S. Highway 27, Whitley City, KY 42653December 16, 1994Full Service Brick and Mortar
    24290253Somerset - Pine Knot4370 S Highwy 27, Pine Knot, KY 42635June 02, 1997Full Service Brick and Mortar
    25442216Somerset - Waitsboro4710 S. Hwy 27, Somerset, KY 42501July 26, 2004Full Service Brick and Mortar
    26452524Somerset - Science Hill105 W. Hwy 635, Science Hill, KY 42553August 29, 2005Full Service Brick and Mortar
    2761657Louisville - Main8492 Dixie Highway, Louisville, KY 40258September 01, 1998Full Service Brick and Mortar
    28358976Louisville - Fairdale10706 West Manslick Road, Fairdale, KY 40118August 11, 2000Full Service Brick and Mortar
    29431744Louisville - Greenwood6101 Greenwood Rd, Louisville, KY 40258June 23, 2004Full Service Brick and Mortar
    33357220Boone - Main6100 1st Financial Dr, Burlington, KY 41005April 30, 2001Full Service Brick and Mortar
    34438867Boone - Florence Branch7705 Us Highwy 42, Florence, KY 41042December 01, 2004Full Service Brick and Mortar
    36492795Lexington - Beaumont997 Governor's Lane, Lexington, KY 40513October 01, 2008Full Service Brick and Mortar
    37510968Lexington - Southland140 Southland Drive, Lexington, KY 40503January 20, 2010Full Service Brick and Mortar
    39521677Somerset - Clifty Branch585 North Highwy 27, Somerset, KY 42503January 01, 2011Full Service Brick and Mortar
    40521678Barbourville - Highway Branch1881 South Us 25e, Barbourville, KY 40906January 01, 2011Full Service Brick and Mortar
    41521679Richmond - Main Branch2140 Lantern Ridge Dr, Richmond, KY 40475October 01, 2010Full Service Brick and Mortar

Comment about this bank, ask questions, or add new information about it:

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with FORCHT BANK, NATIONAL ASSOCIATION.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents