First Security Bank & Trust Co. in Whitesburg, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 1997

  • First Security Bank & Trust Co. in Whitesburg, Kentucky (KY)
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First Security Bank & Trust Co. - Overview

  • General
  • FDIC Certificate #: 16596
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Community Trust Bank, Inc. (#2720)
    Federal Reserve ID: 482615
    Date Established: July 02, 1947
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Interstate: No)
    OTS Docket #: 10538
    FDIC's unique #: 10740
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: July 02, 1947
    Last Structure Change Effective Date: January 01, 1997
    Last Structure Change Process Date: January 13, 1997
    Last Data Update: January 13, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: Main Street, Whitesburg, KY 41858
    County: Letcher
    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
  • Financial Summary
  • Total assets: $93.3 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $39Total assets
  • $93,266Cash and due from depository institutions
  • $2,991Interest-bearing balances
  • $13Securities
  • $21,675Federal funds sold & reverse repurchase agreements
  • $895Net loans & leases
  • $64,045Loan loss allowance
  • $1,018Trading account assets
  • $0Bank premises and fixed assets
  • $2,489Other real estate owned
  • $119Goodwill and other intangibles
  • $1,052Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $93,266Total liabilities
  • $84,543Total deposits
  • $80,851Interest-bearing deposits
  • $69,549Deposits held in domestic offices
  • 80851.00%% insured (estimated)
  • $92Federal funds purchased & repurchase agreements
  • $1,100Trading liabilities
  • $0Other borrowed funds
  • $1,591Subordinated debt
  • $0All other liabilities
  • $1,001Total equity capital
  • $1,001Total bank equity capital
  • $8,723Perpetual preferred stock
  • $0Common stock
  • $130Surplus
  • $6,220Undivided profits
  • Memoranda
  • $2,373Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,101Income earned, not collected on loans
  • $523Earning assets
  • $86,628Long-term assets (5+ years)
  • $22,464Average Assets, year-to-date
  • $91,995Average Assets, quarterly
  • $93,036Volatile liabilities
  • $14,614Insider loans
  • $832FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $1,526Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $8,781Total risk weighted assets
  • $63,979Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $7,826Total interest expense
  • $3,368Net interest income
  • $4,458Provision for loan and lease losses
  • $315Total noninterest income
  • $756Fiduciary activities
  • $0Service charges on deposit accounts
  • $291Trading account gains & fees
  • $0Additional noninterest income
  • $465Total noninterest expense
  • $2,749Salaries and employee benefits
  • $1,305Premises and equipment expense
  • $298Additional noninterest expense
  • $1,146Pre-tax net operating income
  • $2,150Securities gains (losses)
  • -$13Applicable income taxes
  • $715Income before extraordinary items
  • $1,422Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,422Net charge-offs
  • $188Cash dividends
  • $1,422Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 9.21%Cost of funding earning assets
  • 3.96%Net interest margin
  • 5.25%Noninterest income to earning assets
  • 0.89%Noninterest expense to earning assets
  • 3.24%Net operating income to assets
  • 1.56%Return on assets (ROA)
  • 1.55%Pretax return on assets
  • 2.32%Return on equity (ROE)
  • 16.23%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.31%Credit loss provision to net charge-offs
  • 167.55%Efficiency ratio
  • 52,723Assets per employee
  • 2.39%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 100.00%Loss allowance to loans
  • 1.56%Loss allowance to noncurrent loans
  • 92.46%Noncurrent assets plus other real estate owned to assets
  • 1.31%Noncurrent loans to loans
  • 1.69%Net loans and leases to deposits
  • 79.21%Net loans and leases to core deposits
  • 95.02%Equity capital to assets
  • 9.35%Core capital (leverage) ratio
  • 9.36%Tier 1 risk-based capital ratio
  • 13.72%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $91,995Average earning assets
  • $8,759Average equity
  • $84,968Average loans

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