First-Knox National Bank in Mount Vernon, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 06, 2008

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

  • General
  • FDIC 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
  • Location
  • Address: 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 Summary
  • Total 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
  • 245Total employees (full-time equivalent)
  • $816,637Total assets
  • $30,503Cash and due from depository institutions
  • $0Interest-bearing balances
  • $202,665Securities
  • $913Federal funds sold & reverse repurchase agreements
  • $539,927Net loans & leases
  • $10,082Loan loss allowance
  • $0Trading account assets
  • $7,941Bank premises and fixed assets
  • $1,614Other real estate owned
  • $4,099Goodwill and other intangibles
  • $8,628Life insurance assets
  • $28,975All other assets
  • $816,637Total liabilities and capital
  • $774,754Total liabilities
  • $489,302Total deposits
  • $409,302Interest-bearing deposits
  • $489,302Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $140,350Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $127,876Other borrowed funds
  • $5,000Subordinated debt
  • $12,226All other liabilities
  • $41,883Total equity capital
  • $41,883Total bank equity capital
  • $41,883Perpetual preferred stock
  • $0Common stock
  • $1,958Surplus
  • $8,528Undivided profits
  • Memoranda
  • $31,397Noncurrent loans and leases
  • $89,796Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $9,772Earning assets
  • $472Long-term assets (5+ years)
  • $3,982Average Assets, year-to-date
  • $743,505Average Assets, quarterly
  • $266,338Volatile liabilities
  • $788,177Insider loans
  • $819,385FHLB advances
  • $270,385Loans and leases held for sale
  • $15,531Unused loan commitments
  • $127,548Tier 1 (core) risk-based capital
  • $3,528Tier 2 risk-based capital
  • $396Total risk weighted assets
  • $89,796Total unused commitments
  • $1,569Restructured Loans and leases
  • $12,223Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $53,847Total interest income
  • $22,947Total interest expense
  • $30,900Net interest income
  • $880Provision for loan and lease losses
  • $8,267Total noninterest income
  • $1,058Fiduciary activities
  • $2,893Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,316Additional noninterest income
  • $18,381Total noninterest expense
  • $10,492Salaries and employee benefits
  • $1,861Premises and equipment expense
  • $6,028Additional noninterest expense
  • $19,906Pre-tax net operating income
  • $0Securities gains (losses)
  • $6,723Applicable income taxes
  • $13,183Income before extraordinary items
  • $0Extraordinary gains - net
  • $13,183Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,693Sale, conversion, retirement of capital stock, net
  • $5,600Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.41%Yield on earning assets
  • 3.16%Cost of funding earning assets
  • 4.25%Net interest margin
  • 1.14%Noninterest income to earning assets
  • 2.53%Noninterest expense to earning assets
  • 1.67%Net operating income to assets
  • 1.67%Return on assets (ROA)
  • 2.53%Pretax return on assets
  • 37.50%Return on equity (ROE)
  • 21.57%Retained earnings to average equity (YTD only)
  • 0.32%Net charge-offs to loans
  • 51.98%Credit loss provision to net charge-offs
  • 12.28%Efficiency ratio
  • 46,644Assets per employee
  • 3.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 42.48%Loss allowance to loans
  • 1.83%Loss allowance to noncurrent loans
  • 103.17%Noncurrent assets plus other real estate owned to assets
  • 1.39%Noncurrent loans to loans
  • 1.78%Net loans and leases to deposits
  • 110.35%Net loans and leases to core deposits
  • 123.53%Equity capital to assets
  • 5.13%Core capital (leverage) ratio
  • 5.84%Tier 1 risk-based capital ratio
  • 8.81%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $788,177Average earning assets
  • $35,153Average equity
  • $726,309Average loans

Total Fiduciary and Related Assets (December 31, 2007)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $192,138Managed Assets
  • 1Number of Accounts
  • $126,045Personal trust and agency accounts
  • $33,671Employee benefit-defined contribution accounts
  • $1,239Employee benefit-defined benefit accounts
  • $1,663Other retirement accounts
  • $9,339Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $80,133Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 304Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $66,093Other retirement accounts
  • $5,526Corporate trust and agency accounts
  • $59,608Other fiduciary accounts
  • $958Fiduciary accounts held in foreign offices

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