South Central Bank of Daviess County, Inc. in Owensboro, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

South Central Bank of Daviess County, Inc. - Overview

  • General
  • FDIC Certificate #: 33963
    Status: Active
    Federal Reserve ID: 2263313
    Bank Holding Company (Regulatory Top Holder): South Central Bancshares Of Kentucky, Inc. (RSSDID: 2810285, Location: Glasgow, KY)
    Date Established: January 06, 1995
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 55337
    Numeric code: 21
    Regulator: FDIC
    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: January 06, 1995
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 300 Southtown Boulevard, Owensboro, KY 42303
    County: Daviess
    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
    Metropolitan Statistical Area (MSA): Owensboro, KY (#5990)
    Core Based Statistical Area (CBSA): Owensboro, KY (#36980)
    CBSA Metro Statistical Area: Owensboro, KY (#36980)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $199.1 mil
    Equity capital: $16.4 mil
    Deposits held in domestic offices: $143.8 mil
    Return on assets (ROA): 0.37% ($0.7 mil)
    Quarterly return on assets: 0.49% ($1.0 mil)
    Return on Equity (ROE): 4.14% ($0.7 mil)
    Quarterly return on equity: 5.43% ($0.9 mil)
    Net income: $0.7 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.52% ($1,035.5 mil)
    Quarterly Pretax return on assets: 0.69% ($1,374.0 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
  • 47Total employees (full-time equivalent)
  • $199,127Total assets
  • $46,661Cash and due from depository institutions
  • $45,142Interest-bearing balances
  • $45,478Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $100,922Net loans & leases
  • $2,078Loan loss allowance
  • $0Trading account assets
  • $3,545Bank premises and fixed assets
  • $94Other real estate owned
  • $0Goodwill and other intangibles
  • $199,127Life insurance assets
  • $2,427All other assets
  • $182,694Total liabilities and capital
  • $143,756Total liabilities
  • $119,658Total deposits
  • $143,756Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 31330.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,931Trading liabilities
  • $0Other borrowed funds
  • $3,677Subordinated debt
  • $16,433All other liabilities
  • $16,433Total equity capital
  • $16,433Total bank equity capital
  • $0Perpetual preferred stock
  • $2,500Common stock
  • $7,500Surplus
  • $6,433Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,608Income earned, not collected on loans
  • $0Earning assets
  • $737Long-term assets (5+ years)
  • $191,542Average Assets, year-to-date
  • $59,572Average Assets, quarterly
  • $179,377Volatile liabilities
  • $183,806Insider loans
  • $103,365FHLB advances
  • $178,660Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $15,782Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,558Restructured Loans and leases
  • $2,629Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,267Total interest income
  • $1,116Total interest expense
  • $6,151Net interest income
  • $701Provision for loan and lease losses
  • $1,494Total noninterest income
  • $0Fiduciary activities
  • $664Service charges on deposit accounts
  • $0Trading account gains & fees
  • $830Additional noninterest income
  • $6,282Total noninterest expense
  • $2,268Salaries and employee benefits
  • $797Premises and equipment expense
  • $3,217Additional noninterest expense
  • $662Pre-tax net operating income
  • $263Securities gains (losses)
  • $259Applicable income taxes
  • $666Income before extraordinary items
  • $0Extraordinary gains - net
  • $666Net income attributable to bank
  • $0Net charge-offs
  • $666Cash dividends
  • $175Sale, conversion, retirement of capital stock, net
  • $400Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.25%Yield on earning assets
  • 0.65%Cost of funding earning assets
  • 3.60%Net interest margin
  • 0.87%Noninterest income to earning assets
  • 3.68%Noninterest expense to earning assets
  • 0.27%Net operating income to assets
  • 0.37%Return on assets (ROA)
  • 0.52%Pretax return on assets
  • 4.14%Return on equity (ROE)
  • 1.65%Retained earnings to average equity (YTD only)
  • 0.16%Net charge-offs to loans
  • 400.57%Credit loss provision to net charge-offs
  • 7.79%Efficiency ratio
  • 82,171Assets per employee
  • 4.24%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 60.06%Loss allowance to loans
  • 2.02%Loss allowance to noncurrent loans
  • 37.05%Noncurrent assets plus other real estate owned to assets
  • 2.86%Noncurrent loans to loans
  • 5.44%Net loans and leases to deposits
  • 70.20%Net loans and leases to core deposits
  • 77.00%Equity capital to assets
  • 8.25%Core capital (leverage) ratio
  • 8.83%Tier 1 risk-based capital ratio
  • 15.27%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $179,377Average earning assets
  • $16,096Average equity
  • $170,938Average loans

List of branches

  • 5 Kentucky Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    055337South Central Bank Of Daviess County, Inc.300 Southtown Boulevard, Owensboro, KY 42303January 06, 1995Full Service Brick and Mortar
    1290254Villa Point Branch3001 Alvey Park Drive West, Owensboro, KY 42301Febuary 09, 1996Full Service Brick and Mortar
    2357590Frederica Street Branch2715 Frederica Street, Owensboro, KY 42301April 27, 2000Full Service Brick and Mortar
    4422403Downtown Owensboro Branch227 St. Ann Street, Suite 102, Owensboro, KY 42303January 15, 2003Full Service Brick and Mortar
    5442392Carter Road Branch1375 Carter Road, Owensboro, KY 42301November 08, 2004Full Service Brick and Mortar

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