First Guaranty Bank in Martin, Kentucky (KY)

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First Guaranty Bank
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)19
Total assets$59,896
Cash and due from depository institutions$2,145
Interest-bearing balances$0
Federal funds sold & reverse repurchase agreements$1,623
Net loans & leases$26,685
Loan loss allowance $300
Trading account assets$0
Bank premises and fixed assets$591
Other real estate owned$173
Goodwill and other intangibles$0
All other assets$429
Life insurance assets$59,896
Total liabilities and capital$49,785
Total liabilities$47,379
Total deposits$38,342
Interest-bearing deposits$47,379
Deposits held in domestic offices$80
% insured (estimated)246.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$2,078
Other borrowed funds $0
Subordinated debt $82
All other liabilities $10,111
Total equity capital$10,111
Total bank equity capital$10,111
Perpetual preferred stock$0
Common stock$1,500
Undivided profits $5,111
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $420
Earning assets $0
Long-term assets (5+ years) $135
Average Assets, year-to-date $56,558
Average Assets, quarterly $10,017
Volatile liabilities $59,729
Insider loans $59,852
FHLB advances $24,097
Loans and leases held for sale $62,266
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $10,111
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $1,487
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $1,981
Total interest expense $509
Net interest income $1,472
Provision for loan and lease losses $18
Total noninterest income $198
Fiduciary activities $0
Service charges on deposit accounts $124
Trading account gains & fees $0
Additional noninterest income $74
Total noninterest expense $1,172
Salaries and employee benefits $487
Premises and equipment expense $182
Additional noninterest expense $503
Pre-tax net operating income $480
Securities gains (losses) $24
Applicable income taxes $0
Income before extraordinary items $504
Extraordinary gains - net $0
Net income attributable to bank $504
Net charge-offs $0
Cash dividends $504
Sale, conversion, retirement of capital stock, net $18
Net operating income $500
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets3.55%
Cost of funding earning assets 0.91%
Net interest margin 2.64%
Noninterest income to earning assets 0.35%
Noninterest expense to earning assets 2.10%
Net operating income to assets 0.80%
Return on assets (ROA) 0.84%
Pretax return on assets 0.84%
Return on equity (ROE) 4.97%
Retained earnings to average equity (YTD only) 0.04%
Net charge-offs to loans 0.07%
Credit loss provision to net charge-offs 100.00%
Efficiency ratio27.67%
Assets per employee$70,180
Cash dividends to net income (YTD only)3.15%
Condition Ratios (%)
Loss allowance to loans 99.21%
Loss allowance to noncurrent loans 1.11%
Noncurrent assets plus other real estate owned to assets 71.43%
Noncurrent loans to loans 0.99%
Net loans and leases to deposits1.56%
Net loans and leases to core deposits 56.32%
Equity capital to assets 56.32%
Core capital (leverage) ratio 16.88%
Tier 1 risk-based capital ratio 16.24%
Total risk-based capital ratio 41.96%
Average assets$43
Average earning assets$59,729
Average equity $10,135
Average loans $55,815
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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
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