The First National Bank of Russell Springs in Russell Springs, Kentucky (KY)



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The First National Bank of Russell Springs routing number info

Table of contents:
The First National Bank of Russell Springs
GeneralFDIC Certificate #: 2767
Status: Active
Federal Reserve ID: 173641
Bank Holding Company (Regulatory Top Holder): First Bancorp, Inc. (RSSDID: 1099140, Location: Russell Springs, KY)
Date Established: January 01, 1906
Trust Powers Granted: No
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 3 (Domestic: 3, Interstate: No)
OTS Docket #: 15385
FDIC's unique #: 1803
Numeric code: 3
Regulator: OCC
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: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: December 12, 2006
Last Structure Change Process Date: Febuary 22, 2007
Last Data Update: Febuary 22, 2007
Data Source Date: April 05, 2012
LocationAddress: Highways 127 And 80, Russell Springs, KY 42642
County: Russell
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
Financial SummaryTotal assets: $181.6 mil
Equity capital: $24.7 mil
Deposits held in domestic offices: $154.6 mil
Return on assets (ROA): 1.17% ($2.1 mil)
Quarterly return on assets: 1.20% ($2.2 mil)
Return on Equity (ROE): 8.92% ($2.2 mil)
Quarterly return on equity: 8.88% ($2.2 mil)
Net income: $2.1 mil
Quarterly Net income: $0.5 mil
Pretax return on assets: 1.33% ($2,415.9 mil)
Quarterly Pretax return on assets: 1.35% ($2,452.2 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)36
Total assets$181,644
Cash and due from depository institutions$9,912
Interest-bearing balances$81
Securities$54,356
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$112,126
Loan loss allowance $1,543
Trading account assets$0
Bank premises and fixed assets$1,545
Other real estate owned$1,418
Goodwill and other intangibles$0
All other assets$2,287
Life insurance assets$181,644
Total liabilities and capital$156,940
Total liabilities$154,613
Total deposits$131,008
Interest-bearing deposits$154,613
Deposits held in domestic offices$83
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$359
Other borrowed funds $0
Subordinated debt $1,968
All other liabilities $24,704
Total equity capital$24,704
Total bank equity capital$24,704
Perpetual preferred stock$0
Common stock$900
Surplus$1,000
Undivided profits $22,804
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 $71
Earning assets $0
Long-term assets (5+ years) $1,492
Average Assets, year-to-date $166,563
Average Assets, quarterly $54,328
Volatile liabilities $179,475
Insider loans $183,028
FHLB advances $127,847
Loans and leases held for sale $184,283
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $23,526
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $12,110
Derivatives$7,934
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $9,103
Total interest expense $2,317
Net interest income $6,786
Provision for loan and lease losses $685
Total noninterest income $810
Fiduciary activities $0
Service charges on deposit accounts $499
Trading account gains & fees $0
Additional noninterest income $311
Total noninterest expense $4,525
Salaries and employee benefits $2,081
Premises and equipment expense $562
Additional noninterest expense $1,882
Pre-tax net operating income $2,386
Securities gains (losses) $2
Applicable income taxes $286
Income before extraordinary items $2,102
Extraordinary gains - net $0
Net income attributable to bank $2,102
Net charge-offs $0
Cash dividends $2,102
Sale, conversion, retirement of capital stock, net $731
Net operating income $1,600
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.48%
Cost of funding earning assets 1.40%
Net interest margin 4.09%
Noninterest income to earning assets 0.49%
Noninterest expense to earning assets 2.73%
Net operating income to assets 1.17%
Return on assets (ROA) 1.17%
Pretax return on assets 1.33%
Return on equity (ROE) 8.92%
Retained earnings to average equity (YTD only) 2.13%
Net charge-offs to loans 0.65%
Credit loss provision to net charge-offs 93.71%
Efficiency ratio4.20%
Assets per employee$59,571
Cash dividends to net income (YTD only)5.05%
Condition Ratios (%)
Loss allowance to loans 76.12%
Loss allowance to noncurrent loans 1.36%
Noncurrent assets plus other real estate owned to assets 2173.24%
Noncurrent loans to loans 0.82%
Net loans and leases to deposits0.06%
Net loans and leases to core deposits 72.52%
Equity capital to assets 76.29%
Core capital (leverage) ratio 13.60%
Tier 1 risk-based capital ratio 12.77%
Total risk-based capital ratio 18.40%
Memoranda
Average assets$20
Average earning assets$179,475
Average equity $23,563
Average loans $166,043
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3 Kentucky Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
01803The First National Bank Of Russell SHighways 127 And 80, Russell Springs, KY 42642January 01, 1906Full Service Brick and Mortar
1194191Downtown BranchMain And Wilson, Russell Springs, KY 42642April 06, 1981Full Service Brick and Mortar
2194192Highway 127 South BranchLakeway Drive And Highway 127, Russell Springs, KY 42642July 11, 1988Full Service Brick and Mortar
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