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

South Central Bank of Hardin County, Inc. - Overview

  • General
  • FDIC Certificate #: 33977
    Status: Active
    Federal Reserve ID: 2267012
    Bank Holding Company (Regulatory Top Holder): South Central Bancshares Of Kentucky, Inc. (RSSDID: 2810285, Location: Glasgow, KY)
    Date Established: January 27, 1995
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 12417
    FDIC's unique #: 55351
    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: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 27, 1995
    Last Structure Change Effective Date: July 23, 2007
    Last Structure Change Process Date: August 06, 2007
    Last Data Update: August 06, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 2908 Ring Road, Elizabethtown, KY 42702
    County: Hardin
    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): Elizabethtown, KY (#21060)
    CBSA Metro Statistical Area: Elizabethtown, KY (#21060)
  • History of Changes
  • Name Change
    Change in Primary Regulatory Agency
    Change in Entity Type
    Change in Chartering Agent
  • Financial Summary
  • Total assets: $77.5 mil
    Equity capital: $8.9 mil
    Deposits held in domestic offices: $61.4 mil
    Return on assets (ROA): 0.25% ($0.2 mil)
    Quarterly return on assets: -0.01% (-$0.0 mil)
    Return on Equity (ROE): 2.18% ($0.2 mil)
    Quarterly return on equity: -0.09% (-$0.0 mil)
    Net income: $0.2 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: 0.37% ($286.7 mil)
    Quarterly Pretax return on assets: -0.02% (-$15.5 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
  • 16Total employees (full-time equivalent)
  • $77,488Total assets
  • $14,719Cash and due from depository institutions
  • $14,178Interest-bearing balances
  • $11,847Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $48,591Net loans & leases
  • $933Loan loss allowance
  • $0Trading account assets
  • $681Bank premises and fixed assets
  • $255Other real estate owned
  • $0Goodwill and other intangibles
  • $77,488Life insurance assets
  • $1,395All other assets
  • $68,609Total liabilities and capital
  • $61,442Total liabilities
  • $54,178Total deposits
  • $61,442Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,874Trading liabilities
  • $0Other borrowed funds
  • $1,293Subordinated debt
  • $8,879All other liabilities
  • $8,879Total equity capital
  • $8,879Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $4,609Surplus
  • $3,270Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,376Income earned, not collected on loans
  • $1,466Earning assets
  • $474Long-term assets (5+ years)
  • $74,616Average Assets, year-to-date
  • $16,936Average Assets, quarterly
  • $76,686Volatile liabilities
  • $75,237Insider loans
  • $45,826FHLB advances
  • $74,880Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,780Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,950Restructured Loans and leases
  • $682Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,467Total interest income
  • $976Total interest expense
  • $2,491Net interest income
  • $189Provision for loan and lease losses
  • $610Total noninterest income
  • $0Fiduciary activities
  • $165Service charges on deposit accounts
  • $0Trading account gains & fees
  • $445Additional noninterest income
  • $2,698Total noninterest expense
  • $839Salaries and employee benefits
  • $283Premises and equipment expense
  • $1,576Additional noninterest expense
  • $214Pre-tax net operating income
  • $70Securities gains (losses)
  • $93Applicable income taxes
  • $191Income before extraordinary items
  • $0Extraordinary gains - net
  • $191Net income attributable to bank
  • $0Net charge-offs
  • $191Cash dividends
  • $229Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.70%Yield on earning assets
  • 1.32%Cost of funding earning assets
  • 3.38%Net interest margin
  • 0.83%Noninterest income to earning assets
  • 3.66%Noninterest expense to earning assets
  • 0.19%Net operating income to assets
  • 0.25%Return on assets (ROA)
  • 0.37%Pretax return on assets
  • 2.18%Return on equity (ROE)
  • 2.18%Retained earnings to average equity (YTD only)
  • 0.45%Net charge-offs to loans
  • 82.53%Credit loss provision to net charge-offs
  • 1.76%Efficiency ratio
  • 87,004Assets per employee
  • 4.84%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.88%Loss allowance to noncurrent loans
  • 21.32%Noncurrent assets plus other real estate owned to assets
  • 5.98%Noncurrent loans to loans
  • 8.84%Net loans and leases to deposits
  • 79.08%Net loans and leases to core deposits
  • 83.84%Equity capital to assets
  • 11.46%Core capital (leverage) ratio
  • 11.73%Tier 1 risk-based capital ratio
  • 19.16%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $76,686Average earning assets
  • $8,773Average equity
  • $73,741Average loans

List of branches

  • 2 Kentucky Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    055351South Central Bank Of Hardin County, Inc.2908 Ring Road, Elizabethtown, KY 42702January 27, 1995Full Service Brick and Mortar
    2441414North Dixie Branch4079 N. Dixie, Elizabethtown, KY 42701August 15, 2001Full Service Brick and Mortar

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