First State Financial, Inc. in Pineville, Kentucky (KY), TN

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First State Financial, Inc. routing number info

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First State Financial, Inc.
GeneralFDIC Certificate #: 2710
Status: Active
Federal Reserve ID: 961811
Bank Holding Company (Regulatory Top Holder): First State Bancshares, Inc. (RSSDID: 1070998, Location: Middlesboro, KY)
Date Established: January 04, 1904
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 12 (Domestic: 12, Interstate: Yes)
OTS Docket #: 9223
FDIC's unique #: 1752
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: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 25, 2010
Last Structure Change Process Date: March 30, 2010
Last Data Update: March 30, 2010
Data Source Date: April 05, 2012
LocationAddress: 101 Virginia Avenue, Pineville, KY 40977
County: Bell
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
Core Based Statistical Area (CBSA): Middlesborough, KY (#33180)
CBSA Micro Statistical Area: Yes
History of ChangesName Change
Change in Location
Financial SummaryTotal assets: $402.8 mil
Equity capital: $38.2 mil
Deposits held in domestic offices: $350.5 mil
Return on assets (ROA): 0.61% ($2.5 mil)
Quarterly return on assets: -0.17% (-$0.7 mil)
Return on Equity (ROE): 6.56% ($2.5 mil)
Quarterly return on equity: -1.80% (-$0.7 mil)
Net income: $2.5 mil
Quarterly Net income: -$0.2 mil
Pretax return on assets: 0.61% ($2,456.8 mil)
Quarterly Pretax return on assets: -0.17% (-$684.7 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)
Total employees (full-time equivalent)115
Total assets$402,752
Cash and due from depository institutions$21,256
Interest-bearing balances$16,882
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$324,641
Loan loss allowance $4,832
Trading account assets$0
Bank premises and fixed assets$3,510
Other real estate owned$6,480
Goodwill and other intangibles$0
All other assets$5,393
Life insurance assets$402,753
Total liabilities and capital$364,592
Total liabilities$350,455
Total deposits$312,001
Interest-bearing deposits$350,455
Deposits held in domestic offices$89
% insured (estimated)2785.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$10,500
Other borrowed funds $0
Subordinated debt $852
All other liabilities $38,161
Total equity capital$38,161
Total bank equity capital$38,161
Perpetual preferred stock$0
Common stock$4,200
Undivided profits $22,251
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $16,737
Earning assets $0
Long-term assets (5+ years) $1,728
Average Assets, year-to-date $382,995
Average Assets, quarterly $168,776
Volatile liabilities $405,462
Insider loans $403,061
FHLB advances $308,757
Loans and leases held for sale $406,706
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $37,584
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $20,868
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $19,787
Total interest expense $4,259
Net interest income $15,528
Provision for loan and lease losses $3,933
Total noninterest income $1,911
Fiduciary activities $0
Service charges on deposit accounts $1,213
Trading account gains & fees $0
Additional noninterest income $698
Total noninterest expense $11,378
Salaries and employee benefits $5,286
Premises and equipment expense $1,958
Additional noninterest expense $4,134
Pre-tax net operating income $2,128
Securities gains (losses) $358
Applicable income taxes $0
Income before extraordinary items $2,486
Extraordinary gains - net $0
Net income attributable to bank $2,486
Net charge-offs $0
Cash dividends $2,486
Sale, conversion, retirement of capital stock, net $4,361
Net operating income $1,300
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.14%
Cost of funding earning assets 1.11%
Net interest margin 4.03%
Noninterest income to earning assets 0.50%
Noninterest expense to earning assets 2.96%
Net operating income to assets 0.52%
Return on assets (ROA) 0.61%
Pretax return on assets 0.61%
Return on equity (ROE) 6.56%
Retained earnings to average equity (YTD only) 3.13%
Net charge-offs to loans 1.30%
Credit loss provision to net charge-offs 90.19%
Efficiency ratio1.39%
Assets per employee$65,245
Cash dividends to net income (YTD only)3.50%
Condition Ratios (%)
Loss allowance to loans 52.29%
Loss allowance to noncurrent loans 1.47%
Noncurrent assets plus other real estate owned to assets 28.87%
Noncurrent loans to loans 5.76%
Net loans and leases to deposits5.08%
Net loans and leases to core deposits 92.63%
Equity capital to assets 105.34%
Core capital (leverage) ratio 9.48%
Tier 1 risk-based capital ratio 9.24%
Total risk-based capital ratio 12.17%
Average assets$13
Average earning assets$405,462
Average equity $37,874
Average loans $384,833
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9 Kentucky Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
01752First State Financial, Inc.101 Virginia Avenue, Pineville, KY 40977January 04, 1904Full Service Brick and Mortar
119393422nd And Cumberland Avenue Branch2202 Cumberland Avenue, Middlesboro, KY 40965March 20, 1965Full Service Brick and Mortar
2193935East End Branch200 North 12th Street, Middlesboro, KY 40965August 18, 1976Full Service Brick and Mortar
3193936Middlesboro Main Branch1810 Cumberland Avenue, Middlesboro, KY 40965July 06, 1983Full Service Brick and Mortar
4181432Harlan Road BranchU.S. Highway 119, Pineville, KY 40977May 21, 1975Full Service Brick and Mortar
661795First State Branch3620 Walden Drive, Lexington, KY 40517August 19, 1998Full Service Brick and Mortar
7419247Williamsburg Branch941 U.S.25w North, Williamsburg, KY 40769August 19, 1999Full Service Brick and Mortar
10426579Waterpark Branch Office1048 West Highway 92, Williamsburg, KY 40769Febuary 24, 2004Full Service Brick and Mortar
13528889Harrodsburg Road Branch2257 Harrodsburg Road, Lexington, KY 40504Febuary 06, 2012Full Service Brick and Mortar
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2 Tennessee Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
11427127Jellico Branch992 Fifth Street, Jellico, TN 37762December 17, 2003Full Service Brick and Mortar
12465182New Tazewell Tn Branch919 Main Street, Suite 3, New Tazewell, TN 37825June 04, 2007Full Service Retail
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