Southern Deposit Bank in Russellville, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 02, 2000

Southern Deposit Bank in Russellville, Kentucky (KY)
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Southern Deposit Bank - Overview

General
FDIC Certificate #: 271
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Area Bank (#18478)
Federal Reserve ID: 178347
Date Established: January 01, 1916
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
OTS Docket #: 9539
FDIC's unique #: 217
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: October 02, 2000
Last Structure Change Process Date: December 08, 2000
Last Data Update: December 08, 2000
Data Source Date: April 05, 2012
Location
Address: 102 West Park Square, Russellville, KY 42276
County: Logan
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Dallas
FDIC Field Office: Hopkinsville
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Southeast
Financial Summary
Total assets: $81.7 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, 1999)

Dollar figures in thousands
25Total employees (full-time equivalent)
$80,819Total assets
$2,783Cash and due from depository institutions
$148Interest-bearing balances
$19,774Securities
$2,325Federal funds sold & reverse repurchase agreements
$53,310Net loans & leases
$674Loan loss allowance
$0Trading account assets
$933Bank premises and fixed assets
$0Other real estate owned
$875Goodwill and other intangibles
$0Life insurance assets
$819All other assets
$80,819Total liabilities and capital
$73,800Total liabilities
$60,953Total deposits
$53,185Interest-bearing deposits
$60,953Deposits held in domestic offices
0.00%% insured (estimated)
$1,133Federal funds purchased & repurchase agreements
$0Trading liabilities
$11,000Other borrowed funds
$0Subordinated debt
$714All other liabilities
$7,019Total equity capital
$7,019Total bank equity capital
$7,019Perpetual preferred stock
$0Common stock
$1,000Surplus
$5,204Undivided profits
Memoranda
$815Noncurrent loans and leases
$11,332Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$15Earning assets
$0Long-term assets (5+ years)
$446Average Assets, year-to-date
$75,557Average Assets, quarterly
$17,501Volatile liabilities
$74,834Insider loans
$76,699FHLB advances
$20,777Loans and leases held for sale
$1,751Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$11,332Total unused commitments
$0Restructured Loans and leases
$674Derivatives

Income and Expense (December 31, 1999)

Dollar figures in thousands
$5,491Total interest income
$2,378Total interest expense
$3,113Net interest income
$20Provision for loan and lease losses
$591Total noninterest income
$0Fiduciary activities
$379Service charges on deposit accounts
$0Trading account gains & fees
$212Additional noninterest income
$2,180Total noninterest expense
$942Salaries and employee benefits
$242Premises and equipment expense
$996Additional noninterest expense
$1,504Pre-tax net operating income
$0Securities gains (losses)
$464Applicable income taxes
$1,040Income before extraordinary items
$0Extraordinary gains - net
$1,040Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$79Sale, conversion, retirement of capital stock, net
$1,347Net operating income

Performance and Condition Ratios (December 31, 1999)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.87%Yield on earning assets
3.41%Cost of funding earning assets
4.46%Net interest margin
0.85%Noninterest income to earning assets
3.12%Noninterest expense to earning assets
1.39%Net operating income to assets
1.39%Return on assets (ROA)
2.01%Pretax return on assets
14.62%Return on equity (ROE)
-4.32%Retained earnings to average equity (YTD only)
0.15%Net charge-offs to loans
25.32%Credit loss provision to net charge-offs
19.29%Efficiency ratio
50,972Assets per employee
3.23%Cash dividends to net income (YTD only)
Condition Ratios (%)
129.52%Loss allowance to loans
1.25%Loss allowance to noncurrent loans
4493.33%Noncurrent assets plus other real estate owned to assets
0.02%Noncurrent loans to loans
0.03%Net loans and leases to deposits
87.46%Net loans and leases to core deposits
101.91%Equity capital to assets
8.68%Core capital (leverage) ratio
7.85%Tier 1 risk-based capital ratio
11.35%Total risk-based capital ratio
Memoranda
$13Average assets
$74,834Average earning assets
$7,113Average equity
$69,787Average loans

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