Laurel National Bank in London, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 31, 2007

  • Laurel National Bank in London, Kentucky (KY)
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Laurel National Bank - Overview

  • General
  • FDIC Certificate #: 34190
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: FORCHT BANK, NATIONAL ASSOCIATION (#57415)
    Federal Reserve ID: 2479927
    Date Established: June 28, 1996
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Interstate: No)
    OTS Docket #: 16157
    FDIC's unique #: 56848
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: June 28, 1996
    Last Structure Change Effective Date: December 31, 2007
    Last Structure Change Process Date: January 08, 2008
    Last Data Update: January 08, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 First Financial Plaza, London, KY 40741
    County: Laurel
    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
    Combined Statistical Area (CSA): Corbin-London, KY (#202)
    Core Based Statistical Area (CBSA): London, KY (#30940)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $102.6 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, 2006)

  • Dollar figures in thousands
  • 34Total employees (full-time equivalent)
  • $91,203Total assets
  • $2,979Cash and due from depository institutions
  • $8Interest-bearing balances
  • $26,547Securities
  • $507Federal funds sold & reverse repurchase agreements
  • $57,319Net loans & leases
  • $660Loan loss allowance
  • $0Trading account assets
  • $2,652Bank premises and fixed assets
  • $138Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,061All other assets
  • $91,203Total liabilities and capital
  • $84,013Total liabilities
  • $83,246Total deposits
  • $74,827Interest-bearing deposits
  • $83,246Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $767All other liabilities
  • $7,190Total equity capital
  • $7,190Total bank equity capital
  • $7,190Perpetual preferred stock
  • $0Common stock
  • $2,056Surplus
  • $2,056Undivided profits
  • Memoranda
  • $3,078Noncurrent loans and leases
  • $5,195Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $95Earning assets
  • $0Long-term assets (5+ years)
  • $586Average Assets, year-to-date
  • $84,381Average Assets, quarterly
  • $31,791Volatile liabilities
  • $89,122Insider loans
  • $90,114FHLB advances
  • $13,785Loans and leases held for sale
  • $2,128Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,195Total unused commitments
  • $0Restructured Loans and leases
  • $660Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $5,384Total interest income
  • $2,645Total interest expense
  • $2,739Net interest income
  • $104Provision for loan and lease losses
  • $788Total noninterest income
  • $0Fiduciary activities
  • $575Service charges on deposit accounts
  • $0Trading account gains & fees
  • $213Additional noninterest income
  • $2,359Total noninterest expense
  • $956Salaries and employee benefits
  • $383Premises and equipment expense
  • $1,020Additional noninterest expense
  • $1,064Pre-tax net operating income
  • $0Securities gains (losses)
  • $364Applicable income taxes
  • $700Income before extraordinary items
  • $0Extraordinary gains - net
  • $700Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $146Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.52%Yield on earning assets
  • 3.20%Cost of funding earning assets
  • 3.31%Net interest margin
  • 0.95%Noninterest income to earning assets
  • 2.85%Noninterest expense to earning assets
  • 0.79%Net operating income to assets
  • 0.79%Return on assets (ROA)
  • 1.19%Pretax return on assets
  • 10.44%Return on equity (ROE)
  • 10.44%Retained earnings to average equity (YTD only)
  • 0.27%Net charge-offs to loans
  • 71.23%Credit loss provision to net charge-offs
  • 8.00%Efficiency ratio
  • 66,884Assets per employee
  • 2.68%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.14%Loss allowance to noncurrent loans
  • 694.74%Noncurrent assets plus other real estate owned to assets
  • 0.26%Noncurrent loans to loans
  • 0.16%Net loans and leases to deposits
  • 68.85%Net loans and leases to core deposits
  • 82.52%Equity capital to assets
  • 7.88%Core capital (leverage) ratio
  • 8.14%Tier 1 risk-based capital ratio
  • 13.06%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $89,122Average earning assets
  • $6,707Average equity
  • $82,633Average loans

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