Springfield State Bank in Springfield, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches


Springfield State Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 41Total employees (full-time equivalent)
  • $254,820Total assets
  • $3,613Cash and due from depository institutions
  • $1,042Interest-bearing balances
  • $100,547Securities
  • $3,966Federal funds sold & reverse repurchase agreements
  • $134,394Net loans & leases
  • $1,356Loan loss allowance
  • $0Trading account assets
  • $1,904Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $254,820Life insurance assets
  • $10,396All other assets
  • $223,484Total liabilities and capital
  • $182,944Total liabilities
  • $160,575Total deposits
  • $182,944Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 6202.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $27,985Trading liabilities
  • $0Other borrowed funds
  • $6,353Subordinated debt
  • $31,336All other liabilities
  • $31,336Total equity capital
  • $31,336Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $8,400Surplus
  • $22,636Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,721Income earned, not collected on loans
  • $0Earning assets
  • $1,727Long-term assets (5+ years)
  • $239,949Average Assets, year-to-date
  • $184,475Average Assets, quarterly
  • $247,996Volatile liabilities
  • $253,237Insider loans
  • $158,414FHLB advances
  • $250,093Loans and leases held for sale
  • $5,047Unused loan commitments
  • $5,047Tier 1 (core) risk-based capital
  • $31,610Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,108Restructured Loans and leases
  • $796Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,056Total interest income
  • $3,739Total interest expense
  • $8,317Net interest income
  • $620Provision for loan and lease losses
  • $932Total noninterest income
  • $0Fiduciary activities
  • $673Service charges on deposit accounts
  • $0Trading account gains & fees
  • $259Additional noninterest income
  • $5,127Total noninterest expense
  • $3,246Salaries and employee benefits
  • $370Premises and equipment expense
  • $1,511Additional noninterest expense
  • $3,502Pre-tax net operating income
  • $0Securities gains (losses)
  • $572Applicable income taxes
  • $2,930Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,930Net income attributable to bank
  • $0Net charge-offs
  • $2,930Cash dividends
  • $482Sale, conversion, retirement of capital stock, net
  • $713Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.17%Yield on earning assets
  • 1.60%Cost of funding earning assets
  • 3.57%Net interest margin
  • 0.40%Noninterest income to earning assets
  • 2.20%Noninterest expense to earning assets
  • 1.18%Net operating income to assets
  • 1.18%Return on assets (ROA)
  • 1.41%Pretax return on assets
  • 9.76%Return on equity (ROE)
  • 7.38%Retained earnings to average equity (YTD only)
  • 0.37%Net charge-offs to loans
  • 128.63%Credit loss provision to net charge-offs
  • 8.55%Efficiency ratio
  • 55,433Assets per employee
  • 6.22%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 24.33%Loss allowance to loans
  • 1.00%Loss allowance to noncurrent loans
  • 78.79%Noncurrent assets plus other real estate owned to assets
  • 0.68%Noncurrent loans to loans
  • 1.27%Net loans and leases to deposits
  • 73.46%Net loans and leases to core deposits
  • 77.03%Equity capital to assets
  • 12.30%Core capital (leverage) ratio
  • 12.64%Tier 1 risk-based capital ratio
  • 19.95%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $247,996Average earning assets
  • $30,032Average equity
  • $233,140Average loans

List of branches

  • 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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