FDIC Certificate #: 34839 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First State Financial, Inc. (#2710) Federal Reserve ID: 2724953 Date Established: August 19, 1998 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 15249 FDIC's unique #: 61795 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: August 19, 1998 Last Structure Change Effective Date: July 01, 2004 Last Structure Change Process Date: August 05, 2004 Last Data Update: August 05, 2004 Data Source Date: April 05, 2012
Location
Address: 3620 Walden Drive, Lexington, KY 40517 County: Fayette 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): Lexington, KY (#4280) Combined Statistical Area (CSA): Lexington-Fayette-Frankfort-Richmond, KY (#336) Core Based Statistical Area (CBSA): Lexington-Fayette, KY (#30460) CBSA Metro Statistical Area: Lexington-Fayette, KY (#30460)
Financial Summary
Total assets: $148.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2003)
Dollar figures in thousands
48Total employees (full-time equivalent)
$137,156Total assets
$4,838Cash and due from depository institutions
$323Interest-bearing balances
$4,649Securities
$1,494Federal funds sold & reverse repurchase agreements
$122,139Net loans & leases
$790Loan loss allowance
$0Trading account assets
$1,993Bank premises and fixed assets
$374Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,669All other assets
$137,156Total liabilities and capital
$126,531Total liabilities
$110,682Total deposits
$101,433Interest-bearing deposits
$110,682Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$14,249Other borrowed funds
$0Subordinated debt
$1,600All other liabilities
$10,625Total equity capital
$10,625Total bank equity capital
$10,625Perpetual preferred stock
$0Common stock
$4,000Surplus
$4,910Undivided profits
Memoranda
$1,715Noncurrent loans and leases
$14,094Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,756Earning assets
$0Long-term assets (5+ years)
$557Average Assets, year-to-date
$128,605Average Assets, quarterly
$0Volatile liabilities
$135,755Insider loans
$136,236FHLB advances
$53,110Loans and leases held for sale
$1,432Unused loan commitments
$14,249Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$14,094Total unused commitments
$1,301Restructured Loans and leases
$790Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$7,738Total interest income
$3,684Total interest expense
$4,054Net interest income
$620Provision for loan and lease losses
$1,058Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$1,058Additional noninterest income
$3,356Total noninterest expense
$1,667Salaries and employee benefits
$431Premises and equipment expense
$1,258Additional noninterest expense
$1,136Pre-tax net operating income
$17Securities gains (losses)
$79Applicable income taxes
$1,074Income before extraordinary items
$0Extraordinary gains - net
$1,074Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$342Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.96%Yield on earning assets
2.84%Cost of funding earning assets
3.12%Net interest margin
0.81%Noninterest income to earning assets
2.58%Noninterest expense to earning assets
0.78%Net operating income to assets
0.79%Return on assets (ROA)
0.85%Pretax return on assets
10.68%Return on equity (ROE)
10.68%Retained earnings to average equity (YTD only)
0.30%Net charge-offs to loans
181.29%Credit loss provision to net charge-offs
5.13%Efficiency ratio
65,649Assets per employee
2.86%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.64%Loss allowance to noncurrent loans
44.99%Noncurrent assets plus other real estate owned to assets
1.55%Noncurrent loans to loans
1.43%Net loans and leases to deposits
110.35%Net loans and leases to core deposits
170.06%Equity capital to assets
7.75%Core capital (leverage) ratio
7.75%Tier 1 risk-based capital ratio
9.71%Total risk-based capital ratio
Memoranda
$10Average assets
$135,755Average earning assets
$10,057Average equity
$129,896Average loans
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