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

This bank is inactive as of October 07, 1999

Morganfield National Bank in Morganfield, Kentucky (KY)
Show street view No street view available for this location

Morganfield National Bank - Overview

General
FDIC Certificate #: 2760
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Old National Bank (#4393)
Federal Reserve ID: 452140
Date Established: January 01, 1904
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 #: 11079
FDIC's unique #: 1797
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: October 07, 1999
Last Structure Change Process Date: November 03, 1999
Last Data Update: November 03, 1999
Data Source Date: April 05, 2012
Location
Address: Main Street, Morganfield, KY 42437
County: Union
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Hopkinsville
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Southeast
Financial Summary
Total assets: $114.7 mil

1992 - 1999 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, 1998)

Dollar figures in thousands
43Total employees (full-time equivalent)
$125,162Total assets
$2,197Cash and due from depository institutions
$10Interest-bearing balances
$31,429Securities
$11,025Federal funds sold & reverse repurchase agreements
$76,806Net loans & leases
$775Loan loss allowance
$0Trading account assets
$1,852Bank premises and fixed assets
$16Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,837All other assets
$125,162Total liabilities and capital
$115,219Total liabilities
$73,850Total deposits
$62,020Interest-bearing deposits
$73,850Deposits held in domestic offices
0.00%% insured (estimated)
$16,249Federal funds purchased & repurchase agreements
$0Trading liabilities
$22,825Other borrowed funds
$0Subordinated debt
$2,295All other liabilities
$9,943Total equity capital
$9,943Total bank equity capital
$9,943Perpetual preferred stock
$0Common stock
$1,200Surplus
$1,200Undivided profits
Memoranda
$7,543Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$110Earning assets
$0Long-term assets (5+ years)
$498Average Assets, year-to-date
$119,270Average Assets, quarterly
$50,955Volatile liabilities
$117,220Insider loans
$119,430FHLB advances
$20,206Loans and leases held for sale
$3,681Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,071Total unused commitments
$0Restructured Loans and leases
$71,494Derivatives

Income and Expense (December 31, 1998)

Dollar figures in thousands
$9,104Total interest income
$4,326Total interest expense
$4,778Net interest income
$210Provision for loan and lease losses
$924Total noninterest income
$172Fiduciary activities
$504Service charges on deposit accounts
$0Trading account gains & fees
$248Additional noninterest income
$3,234Total noninterest expense
$1,723Salaries and employee benefits
$352Premises and equipment expense
$1,159Additional noninterest expense
$2,258Pre-tax net operating income
$3Securities gains (losses)
$781Applicable income taxes
$1,480Income before extraordinary items
$0Extraordinary gains - net
$1,480Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$157Sale, conversion, retirement of capital stock, net
$1,839Net operating income

Performance and Condition Ratios (December 31, 1998)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.18%Yield on earning assets
3.89%Cost of funding earning assets
4.29%Net interest margin
0.83%Noninterest income to earning assets
2.91%Noninterest expense to earning assets
1.26%Net operating income to assets
1.26%Return on assets (ROA)
1.93%Pretax return on assets
14.93%Return on equity (ROE)
-3.62%Retained earnings to average equity (YTD only)
0.21%Net charge-offs to loans
133.76%Credit loss provision to net charge-offs
15.72%Efficiency ratio
56,717Assets per employee
2.91%Cash dividends to net income (YTD only)
Condition Ratios (%)
124.26%Loss allowance to loans
1.00%Loss allowance to noncurrent loans
704.55%Noncurrent assets plus other real estate owned to assets
0.10%Noncurrent loans to loans
0.14%Net loans and leases to deposits
104.00%Net loans and leases to core deposits
109.66%Equity capital to assets
7.94%Core capital (leverage) ratio
8.20%Tier 1 risk-based capital ratio
13.35%Total risk-based capital ratio
Memoranda
$14Average assets
$117,220Average earning assets
$9,911Average equity
$111,296Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Morganfield National Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.