First Federal Savings Bank of Elizabethtown in Elizabethtown, Kentucky (KY), IN
Overview, Financial Summary, Detailed Financial Reports, Branches


First Federal Savings Bank of Elizabethtown - Overview

  • General
  • FDIC Certificate #: 28610
    Status: Active
    Federal Reserve ID: 368175
    Bank Holding Company (Regulatory Top Holder): First Financial Service Corporation (RSSDID: 3150997, Location: Elizabethtown, KY)
    Date Established: January 01, 1923
    WWW: http://www.ffsbky.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 24 (Domestic: 24, Interstate: Yes)
    OTS Docket #: 1949
    FDIC's unique #: 41444
    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: September 19, 1936
    Last Structure Change Effective Date: June 25, 2008
    Last Structure Change Process Date: June 26, 2008
    Last Data Update: June 26, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 2323 Ring Road, Elizabethtown, KY 42701
    County: Hardin
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Elizabethtown
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Southeast
    Combined Statistical Area (CSA): Louisville-Jefferson County-Elizabethtown-Scottsburg, KY-IN (#350)
    Core Based Statistical Area (CBSA): Elizabethtown, KY (#21060)
    CBSA Metro Statistical Area: Elizabethtown, KY (#21060)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $1,228.8 mil
    Equity capital: $74.1 mil
    Deposits held in domestic offices: $1,123.3 mil
    Return on assets (ROA): -1.73% (-$21.3 mil)
    Quarterly return on assets: -0.49% (-$6.0 mil)
    Return on Equity (ROE): -26.52% (-$19.6 mil)
    Quarterly return on equity: -8.02% (-$5.9 mil)
    Net income: -$21.8 mil
    Quarterly Net income: -$1.5 mil
    Pretax return on assets: -1.95% (-$23,962.4 mil)
    Quarterly Pretax return on assets: -0.34% (-$4,178.1 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, 2011)

  • Dollar figures in thousands
  • 318Total employees (full-time equivalent)
  • $1,228,842Total assets
  • $91,680Cash and due from depository institutions
  • $78,866Interest-bearing balances
  • $313,801Securities
  • $552Federal funds sold & reverse repurchase agreements
  • $730,236Net loans & leases
  • $17,316Loan loss allowance
  • $0Trading account assets
  • $29,930Bank premises and fixed assets
  • $29,084Other real estate owned
  • $714Goodwill and other intangibles
  • $1,228,842Life insurance assets
  • $32,845All other assets
  • $1,154,740Total liabilities and capital
  • $1,123,348Total liabilities
  • $1,114,415Total deposits
  • $1,123,348Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $27,736Trading liabilities
  • $0Other borrowed funds
  • $3,656Subordinated debt
  • $74,102All other liabilities
  • $74,102Total equity capital
  • $74,102Total bank equity capital
  • $0Perpetual preferred stock
  • $1,223Common stock
  • $50,489Surplus
  • $22,390Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $10,187Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $39,749Income earned, not collected on loans
  • $0Earning assets
  • $3,168Long-term assets (5+ years)
  • $1,123,455Average Assets, year-to-date
  • $306,913Average Assets, quarterly
  • $1,259,775Volatile liabilities
  • $1,226,002Insider loans
  • $806,222FHLB advances
  • $1,227,784Loans and leases held for sale
  • $9,703Unused loan commitments
  • $9,703Tier 1 (core) risk-based capital
  • $72,062Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $72,822Restructured Loans and leases
  • $1,355Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $53,591Total interest income
  • $19,328Total interest expense
  • $34,263Net interest income
  • $21,062Provision for loan and lease losses
  • -$307Total noninterest income
  • $0Fiduciary activities
  • $4,031Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$4,338Additional noninterest income
  • $38,009Total noninterest expense
  • $15,664Salaries and employee benefits
  • $3,919Premises and equipment expense
  • $18,426Additional noninterest expense
  • -$25,115Pre-tax net operating income
  • $521Securities gains (losses)
  • -$2,842Applicable income taxes
  • -$21,752Income before extraordinary items
  • $0Extraordinary gains - net
  • -$21,752Net income attributable to bank
  • $0Net charge-offs
  • -$21,752Cash dividends
  • $26,411Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.65%Yield on earning assets
  • 1.68%Cost of funding earning assets
  • 2.98%Net interest margin
  • -0.03%Noninterest income to earning assets
  • 3.30%Noninterest expense to earning assets
  • -1.76%Net operating income to assets
  • -1.73%Return on assets (ROA)
  • -1.95%Pretax return on assets
  • -26.52%Return on equity (ROE)
  • -26.52%Retained earnings to average equity (YTD only)
  • 3.24%Net charge-offs to loans
  • 79.75%Credit loss provision to net charge-offs
  • -0.15%Efficiency ratio
  • 111,111Assets per employee
  • 3.86%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.32%Loss allowance to noncurrent loans
  • 43.56%Noncurrent assets plus other real estate owned to assets
  • 5.60%Noncurrent loans to loans
  • 5.32%Net loans and leases to deposits
  • 65.01%Net loans and leases to core deposits
  • 73.44%Equity capital to assets
  • 6.03%Core capital (leverage) ratio
  • 5.87%Tier 1 risk-based capital ratio
  • 8.94%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $1,259,775Average earning assets
  • $82,013Average equity
  • $1,151,588Average loans

Total Fiduciary and Related Assets (December 31, 2005)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $1,708Managed Assets
  • 1Number of Accounts
  • $803Personal trust and agency accounts
  • $678Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $125Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 57Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $905Other retirement accounts
  • $91Corporate trust and agency accounts
  • $721Other fiduciary accounts
  • $93Fiduciary accounts held in foreign offices

List of branches

  • 4 Indiana Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    1158126Farmers State Bank Branch7340 Main Street Ne, Lanesville, IN 47136July 07, 1910Full Service Brick and Mortar
    116227955Elizabeth Branch8160 Beech Street Se, Elizabeth, IN 47117October 06, 1975Full Service Brick and Mortar
    117227956Georgetown Branch6500 State Highway 64, Georgetown, IN 47122January 04, 1996Full Service Brick and Mortar
    118360411Corydon Branch2030 Highway 337 Nw, Corydon, IN 47112May 29, 2001Full Service Brick and Mortar
  • 20 Kentucky Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    041444First Federal Savings Bank Of Elizab2323 Ring Road, Elizabethtown, KY 42701January 01, 1923Full Service Brick and Mortar
    1269375475 W Lincoln Trail Branch475 West Lincoln Trail, Radcliff, KY 40160January 01, 1923Full Service Brick and Mortar
    2269376315 North 3rd Street Branch315 North 3rd Street, Bardstown, KY 40004January 01, 1923Full Service Brick and Mortar
    100269377Munfordville Branch925 Main Street, Munfordville, KY 42765January 01, 1923Full Service Brick and Mortar
    101269378325 W Dixie Ave Branch325 West Dixie Avenue, Elizabethtown, KY 42701June 30, 1985Full Service Brick and Mortar
    10244305Bullitt Branch395 North Buckman Street, Shepherdsville, KY 40165January 01, 1959Full Service Brick and Mortar
    103284961Mt. Washington Branch279 N. Bardstown Road, Mount Washington, KY 40047June 30, 1988Full Service Brick and Mortar
    105419708Bardstown Branch401 E. John Rowan Boulevard, Bardstown, KY 40004June 01, 1973Full Service Brick and Mortar
    106419709Brandenburg Main Branch416 East Broadway, Brandenburg, KY 40108July 01, 1998Full Service Brick and Mortar
    107419710Brandenburg Station Branch50 Old Mill Road, Brandenburg, KY 40108July 01, 1998Full Service Brick and Mortar
    108419711Flaherty Branch4055 Flaherty Road, Vine Grove, KY 40175July 01, 1998Full Service Brick and Mortar
    109419712Hillview Branch11810 Interchange Drive, Louisville, KY 40229January 01, 1999Full Service Brick and Mortar
    110430676Stonybrook Branch3650 South Hurstbourne Parkway, Louisville, KY 40299March 08, 2004Full Service Brick and Mortar
    111451191Pear Orchard Branch2101 North Dixie Avenue, Elizabethtown, KY 42701May 01, 2006Full Service Brick and Mortar
    112452371Dixie Highway Lpo4611 Dixie Highway, Elizabethtown, KY 42701June 01, 2006Limited Service Loan Production
    113463219Tyler Center Branch12629 Taylorsville Road, Louisville, KY 40299May 15, 2007Full Service Brick and Mortar
    114464160Fenley Center Lpo4965 U.S. Highway 42, Suite 2100, Louisville, KY 40222June 05, 2007Limited Service Loan Production
    119491862North Wilson Road Branch1671 North Wilson Road, Radcliff, KY 40160June 15, 2009Full Service Brick and Mortar
    120492961Cedar Grove Branch1707 Cedar Grove Rd Suite 1, Shepherdsville, KY 40165August 16, 2008Full Service Brick and Mortar
    121511469Blakenbaker Banking Center301 Blakenbaker Pkwy, Louisville, KY 40243July 13, 2009Full Service Brick and Mortar

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