Madison Bank in Richmond, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

Madison Bank - Overview

  • General
  • FDIC Certificate #: 34306
    Status: Active
    Federal Reserve ID: 2552099
    Bank Holding Company (Regulatory Top Holder): Madison Financial Corporation (RSSDID: 2747260, Location: Richmond, KY)
    Date Established: March 11, 1997
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 57065
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: March 11, 1997
    Last Structure Change Effective Date: April 18, 2011
    Last Structure Change Process Date: April 19, 2011
    Last Data Update: April 19, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1001 Gibson Bay Drive, Suite 101, Richmond, KY 40476
    County: Madison
    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
    Metropolitan Statistical Area (MSA): Lexington, KY (#4280)
    Combined Statistical Area (CSA): Lexington-Fayette-Frankfort-Richmond, KY (#336)
    Core Based Statistical Area (CBSA): Richmond-Berea, KY (#40080)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $136.3 mil
    Equity capital: $12.5 mil
    Deposits held in domestic offices: $112.9 mil
    Return on assets (ROA): -0.45% (-$0.6 mil)
    Quarterly return on assets: -0.64% (-$0.9 mil)
    Return on Equity (ROE): -5.07% (-$0.6 mil)
    Quarterly return on equity: -6.96% (-$0.8 mil)
    Net income: -$0.6 mil
    Quarterly Net income: -$0.2 mil
    Pretax return on assets: -0.67% (-$913.0 mil)
    Quarterly Pretax return on assets: -0.95% (-$1,294.5 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
  • 50Total employees (full-time equivalent)
  • $136,265Total assets
  • $13,207Cash and due from depository institutions
  • $9,393Interest-bearing balances
  • $16,419Securities
  • $15,408Federal funds sold & reverse repurchase agreements
  • $82,554Net loans & leases
  • $2,080Loan loss allowance
  • $0Trading account assets
  • $1,669Bank premises and fixed assets
  • $4,081Other real estate owned
  • $75Goodwill and other intangibles
  • $136,265Life insurance assets
  • $2,852All other assets
  • $123,813Total liabilities and capital
  • $112,947Total liabilities
  • $93,129Total deposits
  • $112,947Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 5400.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,000Trading liabilities
  • $0Other borrowed funds
  • $466Subordinated debt
  • $12,452All other liabilities
  • $12,452Total equity capital
  • $12,452Total bank equity capital
  • $0Perpetual preferred stock
  • $2,239Common stock
  • $7,778Surplus
  • $2,435Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,873Income earned, not collected on loans
  • $0Earning assets
  • $388Long-term assets (5+ years)
  • $123,774Average Assets, year-to-date
  • $36,229Average Assets, quarterly
  • $144,076Volatile liabilities
  • $137,442Insider loans
  • $85,400FHLB advances
  • $136,992Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $12,033Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $11,914Restructured Loans and leases
  • $2,808Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,044Total interest income
  • $1,264Total interest expense
  • $4,780Net interest income
  • $850Provision for loan and lease losses
  • $1,502Total noninterest income
  • $0Fiduciary activities
  • $628Service charges on deposit accounts
  • $0Trading account gains & fees
  • $874Additional noninterest income
  • $6,592Total noninterest expense
  • $2,793Salaries and employee benefits
  • $1,067Premises and equipment expense
  • $2,732Additional noninterest expense
  • -$1,160Pre-tax net operating income
  • $188Securities gains (losses)
  • -$327Applicable income taxes
  • -$645Income before extraordinary items
  • $0Extraordinary gains - net
  • -$645Net income attributable to bank
  • $0Net charge-offs
  • -$645Cash dividends
  • $971Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.64%Yield on earning assets
  • 0.97%Cost of funding earning assets
  • 3.67%Net interest margin
  • 1.15%Noninterest income to earning assets
  • 5.06%Noninterest expense to earning assets
  • -0.53%Net operating income to assets
  • -0.45%Return on assets (ROA)
  • -0.67%Pretax return on assets
  • -5.07%Return on equity (ROE)
  • -5.07%Retained earnings to average equity (YTD only)
  • 1.07%Net charge-offs to loans
  • 87.54%Credit loss provision to net charge-offs
  • -0.32%Efficiency ratio
  • 104,935Assets per employee
  • 2.73%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.46%Loss allowance to noncurrent loans
  • 72.40%Noncurrent assets plus other real estate owned to assets
  • 5.10%Noncurrent loans to loans
  • 3.39%Net loans and leases to deposits
  • 73.09%Net loans and leases to core deposits
  • 85.94%Equity capital to assets
  • 9.14%Core capital (leverage) ratio
  • 8.78%Tier 1 risk-based capital ratio
  • 14.09%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $144,076Average earning assets
  • $12,730Average equity
  • $130,251Average loans

List of branches

  • 5 Kentucky Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    057065Madison Bank1001 Gibson Bay Drive, Suite 101, Richmond, KY 40476March 11, 1997Full Service Brick and Mortar
    2334359West Main Street Branch724 West Main Street, Richmond, KY 40475April 18, 2000Full Service Brick and Mortar
    4434077Berea Branch235 Glades Road, Berea, KY 40403December 29, 2004Full Service Brick and Mortar
    5470828University Shopping Center Branch660 University Shopping Center, Richmond, KY 40475January 04, 2008Full Service Brick and Mortar
    6480386201 West Main Street Branch201 West Main Street, Richmond, KY 40475August 11, 2008Full Service Brick and Mortar

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