Independence Bank in Henderson, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 11, 1998

Independence Bank in Henderson, Kentucky (KY)
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Independence Bank - Overview

General
FDIC Certificate #: 2766
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Independence Bank of Kentucky (#8136)
Federal Reserve ID: 171544
Date Established: January 01, 1910
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Interstate: No)
OTS Docket #: 13529
FDIC's unique #: 1802
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: Febuary 11, 1998
Last Structure Change Process Date: April 20, 1998
Last Data Update: April 20, 1998
Data Source Date: April 05, 2012
Location
Address: 1325 Powell Street, Henderson, KY 42420
County: Henderson
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Dallas
FDIC Field Office: Hopkinsville
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Southeast
Metropolitan Statistical Area (MSA): Evansville-Henderson, IN-KY (#2440)
Core Based Statistical Area (CBSA): Evansville, IN-KY (#21780)
CBSA Metro Statistical Area: Evansville, IN-KY (#21780)
Financial Summary
Total assets: $43.8 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

Dollar figures in thousands
24Total employees (full-time equivalent)
$43,766Total assets
$885Cash and due from depository institutions
$25Interest-bearing balances
$6,075Securities
$859Federal funds sold & reverse repurchase agreements
$33,858Net loans & leases
$266Loan loss allowance
$0Trading account assets
$1,473Bank premises and fixed assets
$128Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$488All other assets
$43,766Total liabilities and capital
$40,344Total liabilities
$35,160Total deposits
$32,230Interest-bearing deposits
$35,160Deposits held in domestic offices
0.00%% insured (estimated)
$871Federal funds purchased & repurchase agreements
$0Trading liabilities
$4,000Other borrowed funds
$0Subordinated debt
$313All other liabilities
$3,422Total equity capital
$3,422Total bank equity capital
$3,422Perpetual preferred stock
$0Common stock
$890Surplus
$2,097Undivided profits
Memoranda
$435Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$303Earning assets
$0Long-term assets (5+ years)
$269Average Assets, year-to-date
$40,817Average Assets, quarterly
$7,936Volatile liabilities
$42,800Insider loans
$43,628FHLB advances
$7,118Loans and leases held for sale
$126Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,205Total unused commitments
$0Restructured Loans and leases
$31,384Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$3,320Total interest income
$1,829Total interest expense
$1,491Net interest income
$60Provision for loan and lease losses
$220Total noninterest income
$0Fiduciary activities
$35Service charges on deposit accounts
$0Trading account gains & fees
$185Additional noninterest income
$1,455Total noninterest expense
$786Salaries and employee benefits
$218Premises and equipment expense
$451Additional noninterest expense
$196Pre-tax net operating income
$0Securities gains (losses)
$58Applicable income taxes
$138Income before extraordinary items
$0Extraordinary gains - net
$138Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$70Sale, conversion, retirement of capital stock, net
$112Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.31%Yield on earning assets
4.58%Cost of funding earning assets
3.73%Net interest margin
0.55%Noninterest income to earning assets
3.64%Noninterest expense to earning assets
0.32%Net operating income to assets
0.32%Return on assets (ROA)
0.46%Pretax return on assets
4.10%Return on equity (ROE)
0.77%Retained earnings to average equity (YTD only)
0.21%Net charge-offs to loans
85.71%Credit loss provision to net charge-offs
3.66%Efficiency ratio
85,038Assets per employee
1.82%Cash dividends to net income (YTD only)
Condition Ratios (%)
81.16%Loss allowance to loans
0.78%Loss allowance to noncurrent loans
87.79%Noncurrent assets plus other real estate owned to assets
0.98%Noncurrent loans to loans
0.89%Net loans and leases to deposits
96.30%Net loans and leases to core deposits
102.87%Equity capital to assets
7.82%Core capital (leverage) ratio
7.81%Tier 1 risk-based capital ratio
10.94%Total risk-based capital ratio
Memoranda
$12Average assets
$42,800Average earning assets
$3,364Average equity
$39,961Average loans

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