First Southern National Bank in Somerset, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 17, 1998

First Southern National Bank in Somerset, Kentucky (KY)
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First Southern National Bank - Overview

General
FDIC Certificate #: 2697
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Southern National Bank (#2700)
Federal Reserve ID: 475710
Date Established: March 03, 1883
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 6 (Interstate: No)
OTS Docket #: 10735
FDIC's unique #: 1742
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: December 17, 1998
Last Structure Change Process Date: January 06, 1999
Last Data Update: January 06, 1999
Data Source Date: April 05, 2012
Location
Address: 15 North Highway 27, Somerset, KY 42501
County: Pulaski
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Dallas
FDIC Field Office: Lexington
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Southeast
Core Based Statistical Area (CBSA): Somerset, KY (#43700)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $143.7 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

Dollar figures in thousands
69Total employees (full-time equivalent)
$139,158Total assets
$3,271Cash and due from depository institutions
$101Interest-bearing balances
$23,225Securities
$775Federal funds sold & reverse repurchase agreements
$104,288Net loans & leases
$1,275Loan loss allowance
$0Trading account assets
$4,965Bank premises and fixed assets
$0Other real estate owned
$1,454Goodwill and other intangibles
$0Life insurance assets
$1,180All other assets
$139,158Total liabilities and capital
$127,926Total liabilities
$124,335Total deposits
$105,933Interest-bearing deposits
$124,335Deposits held in domestic offices
0.00%% insured (estimated)
$2,084Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,507All other liabilities
$11,232Total equity capital
$11,232Total bank equity capital
$11,232Perpetual preferred stock
$0Common stock
$560Surplus
$8,229Undivided profits
Memoranda
$2,443Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$867Earning assets
$0Long-term assets (5+ years)
$992Average Assets, year-to-date
$128,389Average Assets, quarterly
$6,331Volatile liabilities
$122,167Insider loans
$136,760FHLB advances
$18,286Loans and leases held for sale
$3,957Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$17,555Total unused commitments
$0Restructured Loans and leases
$98,073Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$11,234Total interest income
$4,881Total interest expense
$6,353Net interest income
$0Provision for loan and lease losses
$507Total noninterest income
$0Fiduciary activities
$373Service charges on deposit accounts
$0Trading account gains & fees
$134Additional noninterest income
$4,258Total noninterest expense
$2,068Salaries and employee benefits
$655Premises and equipment expense
$1,535Additional noninterest expense
$2,602Pre-tax net operating income
-$1Securities gains (losses)
$861Applicable income taxes
$1,740Income before extraordinary items
$0Extraordinary gains - net
$1,740Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$8Sale, conversion, retirement of capital stock, net
$331Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
10.04%Yield on earning assets
4.36%Cost of funding earning assets
5.68%Net interest margin
0.45%Noninterest income to earning assets
3.81%Noninterest expense to earning assets
1.42%Net operating income to assets
1.42%Return on assets (ROA)
2.13%Pretax return on assets
18.05%Return on equity (ROE)
14.61%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
325.25%Efficiency ratio
61,181Assets per employee
2.02%Cash dividends to net income (YTD only)
Condition Ratios (%)
19.02%Loss allowance to loans
1.21%Loss allowance to noncurrent loans
147.06%Noncurrent assets plus other real estate owned to assets
0.62%Noncurrent loans to loans
0.82%Net loans and leases to deposits
83.88%Net loans and leases to core deposits
96.44%Equity capital to assets
8.07%Core capital (leverage) ratio
7.22%Tier 1 risk-based capital ratio
9.96%Total risk-based capital ratio
Memoranda
$11Average assets
$122,167Average earning assets
$9,641Average equity
$111,887Average loans

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