First Security Trust Bank, Inc. in Florence, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches


First Security Trust Bank, Inc. - Overview

  • General
  • FDIC Certificate #: 34863
    Status: Active
    Federal Reserve ID: 2817323
    Bank Holding Company (Regulatory Top Holder): Commonwealth Bancshares, Inc. (RSSDID: 1118948, Location: Louisville, KY)
    Date Established: June 14, 1999
    WWW: http://www.fstb.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 15357
    FDIC's unique #: 61925
    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: Commercial Lending Specialization
    Date of Deposit Insurance: June 14, 1999
    Last Structure Change Effective Date: September 16, 2010
    Last Structure Change Process Date: September 16, 2010
    Last Data Update: September 16, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 7135 Houston Road, Florence, KY 41042
    County: Boone
    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
    Metropolitan Statistical Area (MSA): Cincinnati, OH-KY-IN (#1640)
    Consolidated Metropolitan Statistical Area (CMSA): Cincinnati-Hamilton, OH-KY-IN (#21)
    Combined Statistical Area (CSA): Cincinnati-Middletown-Wilmington, OH-KY-IN (#178)
    Core Based Statistical Area (CBSA): Cincinnati-Middletown, OH-KY-IN (#17140)
    CBSA Metro Statistical Area: Cincinnati-Middletown, OH-KY-IN (#17140)
  • Financial Summary
  • Total assets: $116.6 mil
    Equity capital: $10.6 mil
    Deposits held in domestic offices: $98.5 mil
    Return on assets (ROA): -0.96% (-$1.1 mil)
    Quarterly return on assets: -0.06% (-$0.1 mil)
    Return on Equity (ROE): -10.75% (-$1.2 mil)
    Quarterly return on equity: -0.64% (-$0.1 mil)
    Net income: -$1.2 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: -0.96% (-$1,119.1 mil)
    Quarterly Pretax return on assets: -0.06% (-$69.9 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
  • 25Total employees (full-time equivalent)
  • $116,568Total assets
  • $1,449Cash and due from depository institutions
  • $551Interest-bearing balances
  • $17,361Securities
  • $3,046Federal funds sold & reverse repurchase agreements
  • $87,873Net loans & leases
  • $1,913Loan loss allowance
  • $0Trading account assets
  • $3,813Bank premises and fixed assets
  • $1,800Other real estate owned
  • $0Goodwill and other intangibles
  • $116,568Life insurance assets
  • $1,226All other assets
  • $105,999Total liabilities and capital
  • $98,496Total liabilities
  • $85,968Total deposits
  • $98,496Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 741.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,900Trading liabilities
  • $0Other borrowed funds
  • $862Subordinated debt
  • $10,569All other liabilities
  • $10,569Total equity capital
  • $10,569Total bank equity capital
  • $0Perpetual preferred stock
  • $10,000Common stock
  • $3,300Surplus
  • $-2,731Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,644Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,345Income earned, not collected on loans
  • $0Earning assets
  • $332Long-term assets (5+ years)
  • $108,831Average Assets, year-to-date
  • $10,345Average Assets, quarterly
  • $123,988Volatile liabilities
  • $119,288Insider loans
  • $90,218FHLB advances
  • $119,992Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $10,454Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $11,080Restructured Loans and leases
  • $6,071Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,407Total interest income
  • $1,031Total interest expense
  • $4,376Net interest income
  • $1,260Provision for loan and lease losses
  • $289Total noninterest income
  • $0Fiduciary activities
  • $203Service charges on deposit accounts
  • $0Trading account gains & fees
  • $86Additional noninterest income
  • $4,504Total noninterest expense
  • $1,885Salaries and employee benefits
  • $502Premises and equipment expense
  • $2,117Additional noninterest expense
  • -$1,099Pre-tax net operating income
  • -$93Securities gains (losses)
  • $0Applicable income taxes
  • -$1,192Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,192Net income attributable to bank
  • $0Net charge-offs
  • -$1,192Cash dividends
  • $467Sale, conversion, retirement of capital stock, net
  • $300Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.65%Yield on earning assets
  • 0.89%Cost of funding earning assets
  • 3.77%Net interest margin
  • 0.25%Noninterest income to earning assets
  • 3.88%Noninterest expense to earning assets
  • -0.89%Net operating income to assets
  • -0.96%Return on assets (ROA)
  • -0.96%Pretax return on assets
  • -10.75%Return on equity (ROE)
  • -13.45%Retained earnings to average equity (YTD only)
  • 0.51%Net charge-offs to loans
  • 269.81%Credit loss provision to net charge-offs
  • 0.34%Efficiency ratio
  • 96,549Assets per employee
  • 4.66%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -25.17%Loss allowance to loans
  • 2.13%Loss allowance to noncurrent loans
  • 57.19%Noncurrent assets plus other real estate owned to assets
  • 4.41%Noncurrent loans to loans
  • 3.73%Net loans and leases to deposits
  • 89.21%Net loans and leases to core deposits
  • 94.37%Equity capital to assets
  • 9.07%Core capital (leverage) ratio
  • 8.71%Tier 1 risk-based capital ratio
  • 11.59%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $123,988Average earning assets
  • $11,090Average equity
  • $116,206Average loans

List of branches

  • 3 Kentucky Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    061925First Security Trust Bank, Inc.7135 Houston Road, Florence, KY 41042June 14, 1999Full Service Brick and Mortar
    3363481Edgewood Branch160 Barnwood Drive, Edgewood, KY 41017April 18, 2001Full Service Brick and Mortar
    5449866Crescent Springs Branch570 Clock Tower Way, Crescent Springs, KY 41017March 13, 2006Full Service Retail

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