First Bank of Northern Kentucky, Inc. in Fort Mitchell, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 19, 2007

  • First Bank of Northern Kentucky, Inc. in Fort Mitchell, Kentucky (KY)
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First Bank of Northern Kentucky, Inc. - Overview

  • General
  • FDIC Certificate #: 33556
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The Bank of Kentucky, Inc. (#33022)
    Federal Reserve ID: 1928754
    Date Established: Febuary 24, 1992
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 47438
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: Febuary 24, 1992
    Last Structure Change Effective Date: May 19, 2007
    Last Structure Change Process Date: June 18, 2007
    Last Data Update: June 18, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 350 Buttermilk Pike, Fort Mitchell, KY 41017
    County: Kenton
    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): Cincinnati, OH-KY-IN (#1640)
    Consolidated Metropolitan Statistical Area (CMSA): Cincinnati-Hamilton, OH-KY-IN (#21)
    Combined Statistical Area (CSA): Cincinnati-Middletown-Wilmington, OH-KY-IN (#178)
    Core Based Statistical Area (CBSA): Cincinnati-Middletown, OH-KY-IN (#17140)
    CBSA Metro Statistical Area: Cincinnati-Middletown, OH-KY-IN (#17140)
  • Financial Summary
  • Total assets: $76.8 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, 2006)

  • Dollar figures in thousands
  • 27Total employees (full-time equivalent)
  • $78,742Total assets
  • $2,419Cash and due from depository institutions
  • $4Interest-bearing balances
  • $2,168Securities
  • $7,066Federal funds sold & reverse repurchase agreements
  • $66,079Net loans & leases
  • $1,007Loan loss allowance
  • $0Trading account assets
  • $261Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $749All other assets
  • $78,742Total liabilities and capital
  • $66,235Total liabilities
  • $65,661Total deposits
  • $57,716Interest-bearing deposits
  • $65,661Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $574All other liabilities
  • $12,507Total equity capital
  • $12,507Total bank equity capital
  • $12,507Perpetual preferred stock
  • $0Common stock
  • $2,575Surplus
  • $16,544Undivided profits
  • Memoranda
  • $-6,612Noncurrent loans and leases
  • $11,777Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $47Earning assets
  • $0Long-term assets (5+ years)
  • $302Average Assets, year-to-date
  • $75,317Average Assets, quarterly
  • $2,566Volatile liabilities
  • $72,526Insider loans
  • $78,117FHLB advances
  • $9,048Loans and leases held for sale
  • $1,640Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $11,777Total unused commitments
  • $0Restructured Loans and leases
  • $822Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $5,475Total interest income
  • $1,795Total interest expense
  • $3,680Net interest income
  • -$517Provision for loan and lease losses
  • $303Total noninterest income
  • $0Fiduciary activities
  • $241Service charges on deposit accounts
  • $0Trading account gains & fees
  • $62Additional noninterest income
  • $3,221Total noninterest expense
  • $1,741Salaries and employee benefits
  • $610Premises and equipment expense
  • $870Additional noninterest expense
  • $1,279Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $1,279Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,279Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$124Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.89%Yield on earning assets
  • 2.59%Cost of funding earning assets
  • 5.30%Net interest margin
  • 0.44%Noninterest income to earning assets
  • 4.64%Noninterest expense to earning assets
  • 1.76%Net operating income to assets
  • 1.76%Return on assets (ROA)
  • 1.76%Pretax return on assets
  • 10.69%Return on equity (ROE)
  • 10.69%Retained earnings to average equity (YTD only)
  • -0.20%Net charge-offs to loans
  • 416.94%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 80,869Assets per employee
  • 2.92%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.50%Loss allowance to noncurrent loans
  • 2142.55%Noncurrent assets plus other real estate owned to assets
  • 0.06%Noncurrent loans to loans
  • 0.07%Net loans and leases to deposits
  • 100.64%Net loans and leases to core deposits
  • 116.72%Equity capital to assets
  • 15.88%Core capital (leverage) ratio
  • 16.12%Tier 1 risk-based capital ratio
  • 19.10%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $72,526Average earning assets
  • $11,960Average equity
  • $69,402Average loans

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