South Central Bank of Hardin County, Inc. in Elizabethtown, Kentucky (KY)

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South Central Bank of Hardin County, Inc. routing number info

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South Central Bank of Hardin County, Inc.
GeneralFDIC 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
LocationAddress: 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 ChangesName Change
Change in Primary Regulatory Agency
Change in Entity Type
Change in Chartering Agent
Financial SummaryTotal 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)
Total employees (full-time equivalent)16
Total assets$77,488
Cash and due from depository institutions$14,719
Interest-bearing balances$14,178
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$48,591
Loan loss allowance $933
Trading account assets$0
Bank premises and fixed assets$681
Other real estate owned$255
Goodwill and other intangibles$0
All other assets$1,395
Life insurance assets$77,488
Total liabilities and capital$68,609
Total liabilities$61,442
Total deposits$54,178
Interest-bearing deposits$61,442
Deposits held in domestic offices$91
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$5,874
Other borrowed funds $0
Subordinated debt $1,293
All other liabilities $8,879
Total equity capital$8,879
Total bank equity capital$8,879
Perpetual preferred stock$0
Common stock$1,000
Undivided profits $3,270
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $4,376
Earning assets $1,466
Long-term assets (5+ years) $474
Average Assets, year-to-date $74,616
Average Assets, quarterly $16,936
Volatile liabilities $76,686
Insider loans $75,237
FHLB advances $45,826
Loans and leases held for sale $74,880
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $8,780
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $2,950
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $3,467
Total interest expense $976
Net interest income $2,491
Provision for loan and lease losses $189
Total noninterest income $610
Fiduciary activities $0
Service charges on deposit accounts $165
Trading account gains & fees $0
Additional noninterest income $445
Total noninterest expense $2,698
Salaries and employee benefits $839
Premises and equipment expense $283
Additional noninterest expense $1,576
Pre-tax net operating income $214
Securities gains (losses) $70
Applicable income taxes $93
Income before extraordinary items $191
Extraordinary gains - net $0
Net income attributable to bank $191
Net charge-offs $0
Cash dividends $191
Sale, conversion, retirement of capital stock, net $229
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.70%
Cost of funding earning assets 1.32%
Net interest margin 3.38%
Noninterest income to earning assets 0.83%
Noninterest expense to earning assets 3.66%
Net operating income to assets 0.19%
Return on assets (ROA) 0.25%
Pretax return on assets 0.37%
Return on equity (ROE) 2.18%
Retained earnings to average equity (YTD only) 2.18%
Net charge-offs to loans 0.45%
Credit loss provision to net charge-offs 82.53%
Efficiency ratio1.76%
Assets per employee$87,004
Cash dividends to net income (YTD only)4.84%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.88%
Noncurrent assets plus other real estate owned to assets 21.32%
Noncurrent loans to loans 5.98%
Net loans and leases to deposits8.84%
Net loans and leases to core deposits 79.08%
Equity capital to assets 83.84%
Core capital (leverage) ratio 11.46%
Tier 1 risk-based capital ratio 11.73%
Total risk-based capital ratio 19.16%
Average assets$20
Average earning assets$76,686
Average equity $8,773
Average loans $73,741
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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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