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

First Southern National Bank - Overview

  • General
  • FDIC Certificate #: 2700
    Status: Active
    Federal Reserve ID: 702612
    Bank Holding Company (Regulatory Top Holder): First Southern Bancorp, Inc. (RSSDID: 1247987, Location: Stanford, KY)
    Date Established: April 13, 1865
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 22 (Domestic: 22, Interstate: No)
    OTS Docket #: 10561
    FDIC's unique #: 1744
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: April 15, 2011
    Last Structure Change Process Date: April 18, 2011
    Last Data Update: April 18, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 27 Public Square, Lancaster, KY 40444
    County: Garrard
    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
  • History of Changes
  • Name Change
  • Financial Summary
  • Total assets: $675.9 mil
    Equity capital: $78.4 mil
    Deposits held in domestic offices: $573.0 mil
    Return on assets (ROA): 0.88% ($5.9 mil)
    Quarterly return on assets: 0.88% ($5.9 mil)
    Return on Equity (ROE): 7.31% ($5.7 mil)
    Quarterly return on equity: 7.24% ($5.6 mil)
    Net income: $5.8 mil
    Quarterly Net income: $1.5 mil
    Pretax return on assets: 1.30% ($8,787.1 mil)
    Quarterly Pretax return on assets: 1.28% ($8,651.9 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, 2011)

  • Dollar figures in thousands
  • 203Total employees (full-time equivalent)
  • $675,932Total assets
  • $57,779Cash and due from depository institutions
  • $42,427Interest-bearing balances
  • $170,861Securities
  • $247Federal funds sold & reverse repurchase agreements
  • $395,580Net loans & leases
  • $6,262Loan loss allowance
  • $0Trading account assets
  • $22,580Bank premises and fixed assets
  • $1,138Other real estate owned
  • $15,630Goodwill and other intangibles
  • $675,932Life insurance assets
  • $12,117All other assets
  • $597,549Total liabilities and capital
  • $572,993Total liabilities
  • $457,853Total deposits
  • $572,993Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 17989.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $6,567Subordinated debt
  • $78,383All other liabilities
  • $78,383Total equity capital
  • $78,383Total bank equity capital
  • $0Perpetual preferred stock
  • $779Common stock
  • $58,047Surplus
  • $19,557Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,286Income earned, not collected on loans
  • $0Earning assets
  • $3,470Long-term assets (5+ years)
  • $609,115Average Assets, year-to-date
  • $91,050Average Assets, quarterly
  • $662,222Volatile liabilities
  • $668,612Insider loans
  • $407,050FHLB advances
  • $660,713Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $59,321Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $32,124Restructured Loans and leases
  • $12,685Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $28,273Total interest income
  • $4,405Total interest expense
  • $23,868Net interest income
  • $0Provision for loan and lease losses
  • $5,809Total noninterest income
  • $0Fiduciary activities
  • $2,596Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,213Additional noninterest income
  • $21,173Total noninterest expense
  • $10,637Salaries and employee benefits
  • $2,778Premises and equipment expense
  • $7,758Additional noninterest expense
  • $8,504Pre-tax net operating income
  • $110Securities gains (losses)
  • $2,765Applicable income taxes
  • $5,849Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,849Net income attributable to bank
  • $0Net charge-offs
  • $5,849Cash dividends
  • $380Sale, conversion, retirement of capital stock, net
  • $6,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.73%Yield on earning assets
  • 0.74%Cost of funding earning assets
  • 3.99%Net interest margin
  • 0.97%Noninterest income to earning assets
  • 3.54%Noninterest expense to earning assets
  • 0.87%Net operating income to assets
  • 0.88%Return on assets (ROA)
  • 1.30%Pretax return on assets
  • 7.31%Return on equity (ROE)
  • -0.19%Retained earnings to average equity (YTD only)
  • 0.10%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 22.38%Efficiency ratio
  • 71,345Assets per employee
  • 3.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 102.58%Loss allowance to loans
  • 1.56%Loss allowance to noncurrent loans
  • 85.95%Noncurrent assets plus other real estate owned to assets
  • 1.25%Noncurrent loans to loans
  • 1.81%Net loans and leases to deposits
  • 69.04%Net loans and leases to core deposits
  • 73.14%Equity capital to assets
  • 11.60%Core capital (leverage) ratio
  • 8.98%Tier 1 risk-based capital ratio
  • 14.57%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $662,222Average earning assets
  • $79,987Average equity
  • $597,712Average loans

List of branches

  • 22 Kentucky Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01744First Southern National Bank27 Public Square, Lancaster, KY 40444April 13, 1865Full Service Brick and Mortar
    31742Somerset Branch15 North Highway 27, Somerset, KY 42501March 03, 1883Full Service Brick and Mortar
    4193877Stanford Branch103 Vincent Drive, Stanford, KY 40484November 01, 1978Full Service Brick and Mortar
    5194011Stanford Branch102 West Main Street, Stanford, KY 40484November 18, 1991Full Service Brick and Mortar
    8193879Hustonville Branch9860 Main Street, Hustonville, KY 40437January 17, 1997Full Service Brick and Mortar
    99936Monticello Branch100 North Main Street, Monticello, KY 42633January 01, 1938Full Service Brick and Mortar
    10234863Town And Country Branch1195 North Main Street, Monticello, KY 42633April 07, 1975Full Service Brick and Mortar
    111768Richmond Branch894 Richmond Plaza, Richmond, KY 40475August 09, 1898Full Service Brick and Mortar
    12194012Madison Courier Service Branch894 Richmond Plaza, Richmond, KY 40475November 17, 1997Limited Service Messenger
    137985Lexington Branch3060 Harrodsburg Road, Suite 205, Lexington, KY 40503January 01, 1901Full Service Brick and Mortar
    14227461Bluegrass Courier Service Branch3060 Harrodsburg Road, Lexington, KY 40503May 15, 1997Limited Service Messenger
    15227462Nicholasville Branch204 Fairfield Drive, Nicholasville, KY 40340December 12, 1996Full Service Brick and Mortar
    16193882Lincoln/Pulaski Courier Ser. Branch15 North Highway 27, Somerset, KY 42501August 04, 1997Limited Service Messenger
    171800Princeton Main Branch101 West Washington Street, Princeton, KY 42445January 01, 1883Full Service Brick and Mortar
    18194185West Main Street Branch1013 West Main Street, Princeton, KY 42445March 11, 1977Full Service Brick and Mortar
    191026Wickliffe Main Branch359 Court Street, Wickliffe, KY 42087January 01, 1895Full Service Brick and Mortar
    21189818Wickliffe Branch421 Court Street, Wickliffe, KY 42087September 30, 1991Limited Service Facility
    22189819Kevil Branch141 Kentucky Avenue, Kevil, KY 42053November 12, 1991Full Service Brick and Mortar
    231804Russellville Branch138 North Main Street, Russellville, KY 42276December 19, 1902Full Service Brick and Mortar
    24194193Bethel Branch104 South Bethel Street, Russellville, KY 42276June 22, 1963Full Service Brick and Mortar
    26474360Wilmore Branch201 East Main Street, Wilmore, KY 40390May 01, 2008Full Service Brick and Mortar
    27493273Bowling Green Branch1214 Ashley Circle, Bowling Green, KY 42103April 23, 2009Full Service Brick and Mortar

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