First-Knox National Bank in Mount Vernon, Ohio (OH)



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First-Knox National Bank
GeneralFDIC Certificate #: 6651
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: The Park National Bank (#6653)
Federal Reserve ID: 273523
Date Established: August 23, 1847
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 16 (Interstate: No)
OTS Docket #: 10828
FDIC's unique #: 4457
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: September 06, 2008
Last Structure Change Process Date: September 29, 2008
Last Data Update: September 29, 2008
Data Source Date: April 05, 2012
LocationAddress: One South Main Street, Mount Vernon, OH 43050
County: Knox
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Columbus
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Combined Statistical Area (CSA): Columbus-Marion-Chillicothe, OH (#198)
Core Based Statistical Area (CBSA): Mount Vernon, OH (#34540)
CBSA Micro Statistical Area: Yes
Financial SummaryTotal assets: $818.8 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, 2007)
(Dollar figures in thousands)
Total employees (full-time equivalent)245
Total assets$816,637
Cash and due from depository institutions$30,503
Interest-bearing balances$0
Securities$202,665
Federal funds sold & reverse repurchase agreements$913
Net loans & leases$539,927
Loan loss allowance $10,082
Trading account assets$0
Bank premises and fixed assets$7,941
Other real estate owned$1,614
Goodwill and other intangibles$4,099
All other assets$28,975
Life insurance assets$8,628
Total liabilities and capital$816,637
Total liabilities$774,754
Total deposits$489,302
Interest-bearing deposits$409,302
Deposits held in domestic offices$489,302
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $140,350
Trading liabilities$0
Other borrowed funds $127,876
Subordinated debt $5,000
All other liabilities $12,226
Total equity capital$41,883
Total bank equity capital$41,883
Perpetual preferred stock$41,883
Common stock$0
Surplus$1,958
Undivided profits $8,528
Memoranda
Noncurrent loans and leases $31,397
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $89,796
Income earned, not collected on loans $0
Earning assets $9,772
Long-term assets (5+ years) $472
Average Assets, year-to-date $3,982
Average Assets, quarterly $743,505
Volatile liabilities $266,338
Insider loans $788,177
FHLB advances $819,385
Loans and leases held for sale $270,385
Unused loan commitments $15,531
Tier 1 (core) risk-based capital $127,548
Tier 2 risk-based capital $3,528
Total risk weighted assets $396
Total unused commitments $89,796
Restructured Loans and leases $1,569
Derivatives$12,223
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Income and Expense (December 31, 2007)
(Dollar figures in thousands)
Total interest income $53,847
Total interest expense $22,947
Net interest income $30,900
Provision for loan and lease losses $880
Total noninterest income $8,267
Fiduciary activities $1,058
Service charges on deposit accounts $2,893
Trading account gains & fees $0
Additional noninterest income $4,316
Total noninterest expense $18,381
Salaries and employee benefits $10,492
Premises and equipment expense $1,861
Additional noninterest expense $6,028
Pre-tax net operating income $19,906
Securities gains (losses) $0
Applicable income taxes $6,723
Income before extraordinary items $13,183
Extraordinary gains - net $0
Net income attributable to bank $13,183
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $1,693
Net operating income $5,600
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Performance and Condition Ratios (December 31, 2007)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets7.41%
Cost of funding earning assets 3.16%
Net interest margin 4.25%
Noninterest income to earning assets 1.14%
Noninterest expense to earning assets 2.53%
Net operating income to assets 1.67%
Return on assets (ROA) 1.67%
Pretax return on assets 2.53%
Return on equity (ROE) 37.50%
Retained earnings to average equity (YTD only) 21.57%
Net charge-offs to loans 0.32%
Credit loss provision to net charge-offs 51.98%
Efficiency ratio12.28%
Assets per employee$46,644
Cash dividends to net income (YTD only)3.33%
Condition Ratios (%)
Loss allowance to loans 42.48%
Loss allowance to noncurrent loans 1.83%
Noncurrent assets plus other real estate owned to assets 103.17%
Noncurrent loans to loans 1.39%
Net loans and leases to deposits1.78%
Net loans and leases to core deposits 110.35%
Equity capital to assets 123.53%
Core capital (leverage) ratio 5.13%
Tier 1 risk-based capital ratio 5.84%
Total risk-based capital ratio 8.81%
Memoranda
Average assets$11
Average earning assets$788,177
Average equity $35,153
Average loans $726,309
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Total Fiduciary and Related Assets (December 31, 2007)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$192,138
Number of Accounts1
Personal trust and agency accounts$126,045
Employee benefit-defined contribution accounts$33,671
Employee benefit-defined benefit accounts$1,239
Other retirement accounts$1,663
Corporate trust and agency accounts$9,339
Investment management agency accounts$0
Other fiduciary accounts$80,133
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts304
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$66,093
Corporate trust and agency accounts$5,526
Other fiduciary accounts$59,608
Fiduciary accounts held in foreign offices$958
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