First State Bank in Irvington, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • First State Bank in Irvington, Kentucky (KY)
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First State Bank - Overview

  • General
  • FDIC Certificate #: 12149
    Status: Active
    Federal Reserve ID: 565143
    Bank Holding Company (Regulatory Top Holder): First Breckinridge Bancshares, Inc. (RSSDID: 1119404, Location: Irvington, KY)
    Date Established: January 01, 1903
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 9559
    FDIC's unique #: 7718
    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: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: August 17, 2007
    Last Structure Change Process Date: August 20, 2007
    Last Data Update: August 20, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 240 North First Street, Irvington, KY 40146
    County: Breckinridge
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Elizabethtown
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Southeast
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $157.7 mil
    Equity capital: $16.9 mil
    Deposits held in domestic offices: $140.0 mil
    Return on assets (ROA): 1.56% ($2.5 mil)
    Quarterly return on assets: 0.87% ($1.4 mil)
    Return on Equity (ROE): 13.61% ($2.3 mil)
    Quarterly return on equity: 7.94% ($1.3 mil)
    Net income: $2.3 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 2.34% ($3,690.3 mil)
    Quarterly Pretax return on assets: 1.28% ($2,018.6 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
  • 60Total employees (full-time equivalent)
  • $157,703Total assets
  • $4,643Cash and due from depository institutions
  • $386Interest-bearing balances
  • $48,191Securities
  • $22,137Federal funds sold & reverse repurchase agreements
  • $79,771Net loans & leases
  • $321Loan loss allowance
  • $0Trading account assets
  • $410Bank premises and fixed assets
  • $159Other real estate owned
  • $0Goodwill and other intangibles
  • $157,703Life insurance assets
  • $2,392All other assets
  • $140,849Total liabilities and capital
  • $140,030Total liabilities
  • $104,764Total deposits
  • $140,030Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $522Trading liabilities
  • $0Other borrowed funds
  • $297Subordinated debt
  • $16,854All other liabilities
  • $16,854Total equity capital
  • $16,854Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $4,000Surplus
  • $11,854Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $561Income earned, not collected on loans
  • $0Earning assets
  • $808Long-term assets (5+ years)
  • $150,485Average Assets, year-to-date
  • $17,952Average Assets, quarterly
  • $147,934Volatile liabilities
  • $154,535Insider loans
  • $69,081FHLB advances
  • $155,851Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $16,812Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,584Restructured Loans and leases
  • $514Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,322Total interest income
  • $1,003Total interest expense
  • $6,319Net interest income
  • $143Provision for loan and lease losses
  • $2,118Total noninterest income
  • $0Fiduciary activities
  • $696Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,422Additional noninterest income
  • $4,835Total noninterest expense
  • $2,918Salaries and employee benefits
  • $528Premises and equipment expense
  • $1,389Additional noninterest expense
  • $3,459Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,155Applicable income taxes
  • $2,304Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,304Net income attributable to bank
  • $0Net charge-offs
  • $2,304Cash dividends
  • $72Sale, conversion, retirement of capital stock, net
  • $2,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.20%Yield on earning assets
  • 0.71%Cost of funding earning assets
  • 4.49%Net interest margin
  • 1.50%Noninterest income to earning assets
  • 3.43%Noninterest expense to earning assets
  • 1.56%Net operating income to assets
  • 1.56%Return on assets (ROA)
  • 2.34%Pretax return on assets
  • 13.61%Return on equity (ROE)
  • 1.80%Retained earnings to average equity (YTD only)
  • 0.09%Net charge-offs to loans
  • 198.61%Credit loss provision to net charge-offs
  • 50.03%Efficiency ratio
  • 57,307Assets per employee
  • 2.63%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 86.81%Loss allowance to loans
  • 0.40%Loss allowance to noncurrent loans
  • 57.22%Noncurrent assets plus other real estate owned to assets
  • 0.46%Noncurrent loans to loans
  • 0.70%Net loans and leases to deposits
  • 56.97%Net loans and leases to core deposits
  • 57.80%Equity capital to assets
  • 10.69%Core capital (leverage) ratio
  • 10.79%Tier 1 risk-based capital ratio
  • 24.34%Total risk-based capital ratio
  • Memoranda
  • $25Average assets
  • $147,934Average earning assets
  • $16,930Average equity
  • $140,858Average loans

List of branches

  • 3 Kentucky Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07718First State Bank240 North First Street, Irvington, KY 40146January 01, 1903Full Service Brick and Mortar
    1226375Hardinsburg Branch1017 Old Highway 60, Hardinsburg, KY 40143October 01, 1970Full Service Brick and Mortar
    2226376Rough River Branch9666 South Highway 259, Mcdaniels, KY 40152March 10, 1977Full Service Brick and Mortar

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