First Guaranty Bank in Martin, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches


First Guaranty Bank - Overview

  • General
  • FDIC Certificate #: 35058
    Status: Active
    Federal Reserve ID: 2769972
    Date Established: Febuary 10, 1999
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 74362
    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: Yes
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: Febuary 10, 1999
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 36 Main Street, Martin, KY 41649
    County: Floyd
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $59.9 mil
    Equity capital: $10.1 mil
    Deposits held in domestic offices: $47.4 mil
    Return on assets (ROA): 0.84% ($0.5 mil)
    Quarterly return on assets: 1.10% ($0.7 mil)
    Return on Equity (ROE): 4.97% ($0.5 mil)
    Quarterly return on equity: 6.48% ($0.6 mil)
    Net income: $0.5 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.84% ($503.1 mil)
    Quarterly Pretax return on assets: 1.10% ($658.9 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
  • 19Total employees (full-time equivalent)
  • $59,896Total assets
  • $2,145Cash and due from depository institutions
  • $0Interest-bearing balances
  • $28,250Securities
  • $1,623Federal funds sold & reverse repurchase agreements
  • $26,685Net loans & leases
  • $300Loan loss allowance
  • $0Trading account assets
  • $591Bank premises and fixed assets
  • $173Other real estate owned
  • $0Goodwill and other intangibles
  • $59,896Life insurance assets
  • $429All other assets
  • $49,785Total liabilities and capital
  • $47,379Total liabilities
  • $38,342Total deposits
  • $47,379Interest-bearing deposits
  • $80Deposits held in domestic offices
  • 246.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,078Trading liabilities
  • $0Other borrowed funds
  • $82Subordinated debt
  • $10,111All other liabilities
  • $10,111Total equity capital
  • $10,111Total bank equity capital
  • $0Perpetual preferred stock
  • $1,500Common stock
  • $3,500Surplus
  • $5,111Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $420Income earned, not collected on loans
  • $0Earning assets
  • $135Long-term assets (5+ years)
  • $56,558Average Assets, year-to-date
  • $10,017Average Assets, quarterly
  • $59,729Volatile liabilities
  • $59,852Insider loans
  • $24,097FHLB advances
  • $62,266Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $10,111Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,487Restructured Loans and leases
  • $569Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,981Total interest income
  • $509Total interest expense
  • $1,472Net interest income
  • $18Provision for loan and lease losses
  • $198Total noninterest income
  • $0Fiduciary activities
  • $124Service charges on deposit accounts
  • $0Trading account gains & fees
  • $74Additional noninterest income
  • $1,172Total noninterest expense
  • $487Salaries and employee benefits
  • $182Premises and equipment expense
  • $503Additional noninterest expense
  • $480Pre-tax net operating income
  • $24Securities gains (losses)
  • $0Applicable income taxes
  • $504Income before extraordinary items
  • $0Extraordinary gains - net
  • $504Net income attributable to bank
  • $0Net charge-offs
  • $504Cash dividends
  • $18Sale, conversion, retirement of capital stock, net
  • $500Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.55%Yield on earning assets
  • 0.91%Cost of funding earning assets
  • 2.64%Net interest margin
  • 0.35%Noninterest income to earning assets
  • 2.10%Noninterest expense to earning assets
  • 0.80%Net operating income to assets
  • 0.84%Return on assets (ROA)
  • 0.84%Pretax return on assets
  • 4.97%Return on equity (ROE)
  • 0.04%Retained earnings to average equity (YTD only)
  • 0.07%Net charge-offs to loans
  • 100.00%Credit loss provision to net charge-offs
  • 27.67%Efficiency ratio
  • 70,180Assets per employee
  • 3.15%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 99.21%Loss allowance to loans
  • 1.11%Loss allowance to noncurrent loans
  • 71.43%Noncurrent assets plus other real estate owned to assets
  • 0.99%Noncurrent loans to loans
  • 1.56%Net loans and leases to deposits
  • 56.32%Net loans and leases to core deposits
  • 56.32%Equity capital to assets
  • 16.88%Core capital (leverage) ratio
  • 16.24%Tier 1 risk-based capital ratio
  • 41.96%Total risk-based capital ratio
  • Memoranda
  • $43Average assets
  • $59,729Average earning assets
  • $10,135Average equity
  • $55,815Average loans

List of branches

  • 2 Kentucky Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    074362First Guaranty Bank36 Main Street, Martin, KY 41649Febuary 10, 1999Full Service Brick and Mortar
    1363696Prestonburg Branch420 North Lake Drive, Prestonsburg, KY 41653April 15, 2002Full 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 First Guaranty Bank.
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