Springfield State Bank in Springfield, Kentucky (KY)



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Springfield State Bank routing number info

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Springfield State Bank
GeneralFDIC Certificate #: 8772
Status: Active
Federal Reserve ID: 197142
Bank Holding Company (Regulatory Top Holder): Springfield Bankshares, Inc. (RSSDID: 1119365, Location: Springfield, KY)
Date Established: January 01, 1911
WWW: http://www.springfieldstate.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Domestic: 4, Interstate: No)
OTS Docket #: 12032
FDIC's unique #: 5585
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 01, 1934
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
LocationAddress: 125 East Main Street, Springfield, KY 40069
County: Washington
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
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $254.8 mil
Equity capital: $31.3 mil
Deposits held in domestic offices: $182.9 mil
Return on assets (ROA): 1.18% ($3.0 mil)
Quarterly return on assets: 0.99% ($2.5 mil)
Return on Equity (ROE): 9.76% ($3.0 mil)
Quarterly return on equity: 8.03% ($2.5 mil)
Net income: $2.9 mil
Quarterly Net income: $0.6 mil
Pretax return on assets: 1.41% ($3,593.0 mil)
Quarterly Pretax return on assets: 1.05% ($2,675.6 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)41
Total assets$254,820
Cash and due from depository institutions$3,613
Interest-bearing balances$1,042
Securities$100,547
Federal funds sold & reverse repurchase agreements$3,966
Net loans & leases$134,394
Loan loss allowance $1,356
Trading account assets$0
Bank premises and fixed assets$1,904
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$10,396
Life insurance assets$254,820
Total liabilities and capital$223,484
Total liabilities$182,944
Total deposits$160,575
Interest-bearing deposits$182,944
Deposits held in domestic offices$90
% insured (estimated)6202.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$27,985
Other borrowed funds $0
Subordinated debt $6,353
All other liabilities $31,336
Total equity capital$31,336
Total bank equity capital$31,336
Perpetual preferred stock$0
Common stock$300
Surplus$8,400
Undivided profits $22,636
Memoranda
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 $1,721
Earning assets $0
Long-term assets (5+ years) $1,727
Average Assets, year-to-date $239,949
Average Assets, quarterly $184,475
Volatile liabilities $247,996
Insider loans $253,237
FHLB advances $158,414
Loans and leases held for sale $250,093
Unused loan commitments $5,047
Tier 1 (core) risk-based capital $5,047
Tier 2 risk-based capital $31,610
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $6,108
Derivatives$796
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $12,056
Total interest expense $3,739
Net interest income $8,317
Provision for loan and lease losses $620
Total noninterest income $932
Fiduciary activities $0
Service charges on deposit accounts $673
Trading account gains & fees $0
Additional noninterest income $259
Total noninterest expense $5,127
Salaries and employee benefits $3,246
Premises and equipment expense $370
Additional noninterest expense $1,511
Pre-tax net operating income $3,502
Securities gains (losses) $0
Applicable income taxes $572
Income before extraordinary items $2,930
Extraordinary gains - net $0
Net income attributable to bank $2,930
Net charge-offs $0
Cash dividends $2,930
Sale, conversion, retirement of capital stock, net $482
Net operating income $713
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.17%
Cost of funding earning assets 1.60%
Net interest margin 3.57%
Noninterest income to earning assets 0.40%
Noninterest expense to earning assets 2.20%
Net operating income to assets 1.18%
Return on assets (ROA) 1.18%
Pretax return on assets 1.41%
Return on equity (ROE) 9.76%
Retained earnings to average equity (YTD only) 7.38%
Net charge-offs to loans 0.37%
Credit loss provision to net charge-offs 128.63%
Efficiency ratio8.55%
Assets per employee$55,433
Cash dividends to net income (YTD only)6.22%
Condition Ratios (%)
Loss allowance to loans 24.33%
Loss allowance to noncurrent loans 1.00%
Noncurrent assets plus other real estate owned to assets 78.79%
Noncurrent loans to loans 0.68%
Net loans and leases to deposits1.27%
Net loans and leases to core deposits 73.46%
Equity capital to assets 77.03%
Core capital (leverage) ratio 12.30%
Tier 1 risk-based capital ratio 12.64%
Total risk-based capital ratio 19.95%
Memoranda
Average assets$21
Average earning assets$247,996
Average equity $30,032
Average loans $233,140
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4 Kentucky Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
05585Springfield State Bank125 East Main Street, Springfield, KY 40069January 01, 1911Full Service Brick and Mortar
1218914Mackville Branch10780 Main Street, Mackville, KY 40040June 19, 1943Full Service Brick and Mortar
2218915Willisburg Branch2559 Main Street, Willisburg, KY 40078August 21, 1995Full Service Brick and Mortar
3218916Bardstown Road Branch1060 Bardstown Road, Springfield, KY 40069May 26, 1998Full Service Brick and Mortar
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