First Southern National Bank of Wayne County in Monticello, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 17, 1998

  • First Southern National Bank of Wayne County in Monticello, Kentucky (KY)
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First Southern National Bank of Wayne County - Overview

  • General
  • FDIC Certificate #: 15659
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Southern National Bank (#2700)
    Federal Reserve ID: 327547
    Date Established: January 01, 1938
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Interstate: No)
    OTS Docket #: 10614
    FDIC's unique #: 9936
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: March 27, 1939
    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: 216 North Main Street, Monticello, KY 42633
    County: Wayne
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Elizabethtown
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Southeast
  • Financial Summary
  • Total assets: $49.9 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 23Total employees (full-time equivalent)
  • $47,099Total assets
  • $1,795Cash and due from depository institutions
  • $101Interest-bearing balances
  • $14,969Securities
  • $350Federal funds sold & reverse repurchase agreements
  • $28,915Net loans & leases
  • $445Loan loss allowance
  • $0Trading account assets
  • $497Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $573All other assets
  • $47,099Total liabilities and capital
  • $43,502Total liabilities
  • $42,937Total deposits
  • $38,157Interest-bearing deposits
  • $42,937Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $565All other liabilities
  • $3,597Total equity capital
  • $3,597Total bank equity capital
  • $3,597Perpetual preferred stock
  • $0Common stock
  • $1,400Surplus
  • $800Undivided profits
  • Memoranda
  • $1,397Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $261Earning assets
  • $0Long-term assets (5+ years)
  • $308Average Assets, year-to-date
  • $44,335Average Assets, quarterly
  • $8,394Volatile liabilities
  • $44,982Insider loans
  • $46,611FHLB advances
  • $4,661Loans and leases held for sale
  • $1,829Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $4,084Total unused commitments
  • $0Restructured Loans and leases
  • $29,518Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $4,008Total interest income
  • $1,772Total interest expense
  • $2,236Net interest income
  • $0Provision for loan and lease losses
  • $209Total noninterest income
  • $0Fiduciary activities
  • $108Service charges on deposit accounts
  • $0Trading account gains & fees
  • $101Additional noninterest income
  • $1,318Total noninterest expense
  • $612Salaries and employee benefits
  • $126Premises and equipment expense
  • $580Additional noninterest expense
  • $1,127Pre-tax net operating income
  • $0Securities gains (losses)
  • $347Applicable income taxes
  • $780Income before extraordinary items
  • $0Extraordinary gains - net
  • $780Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$2Sale, conversion, retirement of capital stock, net
  • $276Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 9.42%Yield on earning assets
  • 4.17%Cost of funding earning assets
  • 5.26%Net interest margin
  • 0.49%Noninterest income to earning assets
  • 3.10%Noninterest expense to earning assets
  • 1.73%Net operating income to assets
  • 1.73%Return on assets (ROA)
  • 2.51%Pretax return on assets
  • 24.13%Return on equity (ROE)
  • 15.59%Retained earnings to average equity (YTD only)
  • -0.01%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 53,906Assets per employee
  • 2.05%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 35.38%Loss allowance to loans
  • 1.52%Loss allowance to noncurrent loans
  • 170.50%Noncurrent assets plus other real estate owned to assets
  • 0.55%Noncurrent loans to loans
  • 0.89%Net loans and leases to deposits
  • 67.34%Net loans and leases to core deposits
  • 75.54%Equity capital to assets
  • 7.64%Core capital (leverage) ratio
  • 7.52%Tier 1 risk-based capital ratio
  • 11.85%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $44,982Average earning assets
  • $3,233Average equity
  • $42,539Average loans

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