First State Financial, Inc. in Pineville, Kentucky (KY), TN
Overview, Financial Summary, Detailed Financial Reports, Branches

First State Financial, Inc. - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Name Change
    Change in Location
  • Financial Summary
  • Total 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
  • 115Total employees (full-time equivalent)
  • $402,752Total assets
  • $21,256Cash and due from depository institutions
  • $16,882Interest-bearing balances
  • $41,472Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $324,641Net loans & leases
  • $4,832Loan loss allowance
  • $0Trading account assets
  • $3,510Bank premises and fixed assets
  • $6,480Other real estate owned
  • $0Goodwill and other intangibles
  • $402,753Life insurance assets
  • $5,393All other assets
  • $364,592Total liabilities and capital
  • $350,455Total liabilities
  • $312,001Total deposits
  • $350,455Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 2785.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,500Trading liabilities
  • $0Other borrowed funds
  • $852Subordinated debt
  • $38,161All other liabilities
  • $38,161Total equity capital
  • $38,161Total bank equity capital
  • $0Perpetual preferred stock
  • $4,200Common stock
  • $11,710Surplus
  • $22,251Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $16,737Income earned, not collected on loans
  • $0Earning assets
  • $1,728Long-term assets (5+ years)
  • $382,995Average Assets, year-to-date
  • $168,776Average Assets, quarterly
  • $405,462Volatile liabilities
  • $403,061Insider loans
  • $308,757FHLB advances
  • $406,706Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $37,584Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $20,868Restructured Loans and leases
  • $1,656Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $19,787Total interest income
  • $4,259Total interest expense
  • $15,528Net interest income
  • $3,933Provision for loan and lease losses
  • $1,911Total noninterest income
  • $0Fiduciary activities
  • $1,213Service charges on deposit accounts
  • $0Trading account gains & fees
  • $698Additional noninterest income
  • $11,378Total noninterest expense
  • $5,286Salaries and employee benefits
  • $1,958Premises and equipment expense
  • $4,134Additional noninterest expense
  • $2,128Pre-tax net operating income
  • $358Securities gains (losses)
  • $0Applicable income taxes
  • $2,486Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,486Net income attributable to bank
  • $0Net charge-offs
  • $2,486Cash dividends
  • $4,361Sale, conversion, retirement of capital stock, net
  • $1,300Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.14%Yield on earning assets
  • 1.11%Cost of funding earning assets
  • 4.03%Net interest margin
  • 0.50%Noninterest income to earning assets
  • 2.96%Noninterest expense to earning assets
  • 0.52%Net operating income to assets
  • 0.61%Return on assets (ROA)
  • 0.61%Pretax return on assets
  • 6.56%Return on equity (ROE)
  • 3.13%Retained earnings to average equity (YTD only)
  • 1.30%Net charge-offs to loans
  • 90.19%Credit loss provision to net charge-offs
  • 1.39%Efficiency ratio
  • 65,245Assets per employee
  • 3.50%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 52.29%Loss allowance to loans
  • 1.47%Loss allowance to noncurrent loans
  • 28.87%Noncurrent assets plus other real estate owned to assets
  • 5.76%Noncurrent loans to loans
  • 5.08%Net loans and leases to deposits
  • 92.63%Net loans and leases to core deposits
  • 105.34%Equity capital to assets
  • 9.48%Core capital (leverage) ratio
  • 9.24%Tier 1 risk-based capital ratio
  • 12.17%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $405,462Average earning assets
  • $37,874Average equity
  • $384,833Average loans

List of branches

  • 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
  • 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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