King Southern Bank in Chaplin, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches


King Southern Bank - Overview

  • General
  • FDIC Certificate #: 18900
    Status: Active
    Federal Reserve ID: 909541
    Bank Holding Company (Regulatory Top Holder): King Bancorp, Inc. (RSSDID: 1098282, Location: Louisville, KY)
    Date Established: January 19, 1920
    WWW: http://www.kingsouthernbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 13923
    FDIC's unique #: 12748
    Numeric code: 13
    Regulator: FED
    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: September 26, 1963
    Last Structure Change Effective Date: May 05, 2006
    Last Structure Change Process Date: May 10, 2006
    Last Data Update: May 10, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 5916 Lawrenceburg Road, Chaplin, KY 40012
    County: Nelson
    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
    Combined Statistical Area (CSA): Louisville-Jefferson County-Elizabethtown-Scottsburg, KY-IN (#350)
    Core Based Statistical Area (CBSA): Louisville-Jefferson County, KY-IN (#31140)
    CBSA Metro Statistical Area: Louisville-Jefferson County, KY-IN (#31140)
  • History of Changes
  • Change in Primary Regulatory Agency
    Change in Supervisory Agency
    Institution Becomes a Member of FRS (Federal Reserve System)
  • Financial Summary
  • Total assets: $178.2 mil
    Equity capital: $15.7 mil
    Deposits held in domestic offices: $128.2 mil
    Return on assets (ROA): 1.37% ($2.4 mil)
    Quarterly return on assets: 1.37% ($2.4 mil)
    Return on Equity (ROE): 16.11% ($2.6 mil)
    Quarterly return on equity: 15.57% ($2.5 mil)
    Net income: $2.4 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 1.37% ($2,441.8 mil)
    Quarterly Pretax return on assets: 1.37% ($2,441.8 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
  • 40Total employees (full-time equivalent)
  • $178,234Total assets
  • $3,688Cash and due from depository institutions
  • $1,480Interest-bearing balances
  • $17,884Securities
  • $577Federal funds sold & reverse repurchase agreements
  • $141,170Net loans & leases
  • $1,700Loan loss allowance
  • $0Trading account assets
  • $5,875Bank premises and fixed assets
  • $3,169Other real estate owned
  • $0Goodwill and other intangibles
  • $178,234Life insurance assets
  • $5,871All other assets
  • $162,515Total liabilities and capital
  • $128,188Total liabilities
  • $115,140Total deposits
  • $128,188Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 1590.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $32,531Trading liabilities
  • $0Other borrowed funds
  • $206Subordinated debt
  • $15,719All other liabilities
  • $15,719Total equity capital
  • $15,719Total bank equity capital
  • $0Perpetual preferred stock
  • $30Common stock
  • $11,470Surplus
  • $4,219Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $599Income earned, not collected on loans
  • $0Earning assets
  • $756Long-term assets (5+ years)
  • $161,111Average Assets, year-to-date
  • $24,613Average Assets, quarterly
  • $175,911Volatile liabilities
  • $176,008Insider loans
  • $132,964FHLB advances
  • $174,879Loans and leases held for sale
  • $1,753Unused loan commitments
  • $1,753Tier 1 (core) risk-based capital
  • $15,697Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $10,413Restructured Loans and leases
  • $8,872Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,157Total interest income
  • $2,569Total interest expense
  • $7,588Net interest income
  • $824Provision for loan and lease losses
  • $317Total noninterest income
  • $0Fiduciary activities
  • $178Service charges on deposit accounts
  • $0Trading account gains & fees
  • $139Additional noninterest income
  • $4,689Total noninterest expense
  • $2,400Salaries and employee benefits
  • $531Premises and equipment expense
  • $1,758Additional noninterest expense
  • $2,392Pre-tax net operating income
  • $20Securities gains (losses)
  • $0Applicable income taxes
  • $2,412Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,412Net income attributable to bank
  • $0Net charge-offs
  • $2,412Cash dividends
  • $789Sale, conversion, retirement of capital stock, net
  • $900Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.34%Yield on earning assets
  • 1.60%Cost of funding earning assets
  • 4.73%Net interest margin
  • 0.20%Noninterest income to earning assets
  • 2.93%Noninterest expense to earning assets
  • 1.36%Net operating income to assets
  • 1.37%Return on assets (ROA)
  • 1.37%Pretax return on assets
  • 16.11%Return on equity (ROE)
  • 10.10%Retained earnings to average equity (YTD only)
  • 0.55%Net charge-offs to loans
  • 104.44%Credit loss provision to net charge-offs
  • 4.08%Efficiency ratio
  • 59,317Assets per employee
  • 4.46%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 37.31%Loss allowance to loans
  • 1.19%Loss allowance to noncurrent loans
  • 283.81%Noncurrent assets plus other real estate owned to assets
  • 2.11%Noncurrent loans to loans
  • 0.42%Net loans and leases to deposits
  • 110.13%Net loans and leases to core deposits
  • 124.65%Equity capital to assets
  • 8.82%Core capital (leverage) ratio
  • 8.98%Tier 1 risk-based capital ratio
  • 11.81%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $175,911Average earning assets
  • $14,976Average equity
  • $160,262Average loans

List of branches

  • 6 Kentucky Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012748King Southern Bank5916 Lawrenceburg Road, Chaplin, KY 40012January 19, 1920Full Service Brick and Mortar
    1363188Louisville Branch3400 Dutchmans Lane, Louisville, KY 40205August 01, 2001Full Service Brick and Mortar
    2364100Bloomfield Branch111 Chaplin Road, Bloomfield, KY 40008December 04, 2000Full Service Brick and Mortar
    3429716Jeffersontown Branch10501 Watterson Trail, Louisville, KY 40299August 18, 2003Full Service Brick and Mortar
    4432019Valhalla Branch14103 Shelbyville Road, Louisville, KY 40245September 07, 2004Full Service Brick and Mortar
    5444959Middletown Branch911 Blankenbaker Parkway, Louisville, KY 40243September 27, 2005Full Service Brick and Mortar

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