The First National Bank of Russell Springs in Russell Springs, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

The First National Bank of Russell Springs - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Summary
  • Total 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
  • 36Total employees (full-time equivalent)
  • $181,644Total assets
  • $9,912Cash and due from depository institutions
  • $81Interest-bearing balances
  • $54,356Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $112,126Net loans & leases
  • $1,543Loan loss allowance
  • $0Trading account assets
  • $1,545Bank premises and fixed assets
  • $1,418Other real estate owned
  • $0Goodwill and other intangibles
  • $181,644Life insurance assets
  • $2,287All other assets
  • $156,940Total liabilities and capital
  • $154,613Total liabilities
  • $131,008Total deposits
  • $154,613Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $359Trading liabilities
  • $0Other borrowed funds
  • $1,968Subordinated debt
  • $24,704All other liabilities
  • $24,704Total equity capital
  • $24,704Total bank equity capital
  • $0Perpetual preferred stock
  • $900Common stock
  • $1,000Surplus
  • $22,804Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $71Income earned, not collected on loans
  • $0Earning assets
  • $1,492Long-term assets (5+ years)
  • $166,563Average Assets, year-to-date
  • $54,328Average Assets, quarterly
  • $179,475Volatile liabilities
  • $183,028Insider loans
  • $127,847FHLB advances
  • $184,283Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $23,526Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $12,110Restructured Loans and leases
  • $7,934Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,103Total interest income
  • $2,317Total interest expense
  • $6,786Net interest income
  • $685Provision for loan and lease losses
  • $810Total noninterest income
  • $0Fiduciary activities
  • $499Service charges on deposit accounts
  • $0Trading account gains & fees
  • $311Additional noninterest income
  • $4,525Total noninterest expense
  • $2,081Salaries and employee benefits
  • $562Premises and equipment expense
  • $1,882Additional noninterest expense
  • $2,386Pre-tax net operating income
  • $2Securities gains (losses)
  • $286Applicable income taxes
  • $2,102Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,102Net income attributable to bank
  • $0Net charge-offs
  • $2,102Cash dividends
  • $731Sale, conversion, retirement of capital stock, net
  • $1,600Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.48%Yield on earning assets
  • 1.40%Cost of funding earning assets
  • 4.09%Net interest margin
  • 0.49%Noninterest income to earning assets
  • 2.73%Noninterest expense to earning assets
  • 1.17%Net operating income to assets
  • 1.17%Return on assets (ROA)
  • 1.33%Pretax return on assets
  • 8.92%Return on equity (ROE)
  • 2.13%Retained earnings to average equity (YTD only)
  • 0.65%Net charge-offs to loans
  • 93.71%Credit loss provision to net charge-offs
  • 4.20%Efficiency ratio
  • 59,571Assets per employee
  • 5.05%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 76.12%Loss allowance to loans
  • 1.36%Loss allowance to noncurrent loans
  • 2173.24%Noncurrent assets plus other real estate owned to assets
  • 0.82%Noncurrent loans to loans
  • 0.06%Net loans and leases to deposits
  • 72.52%Net loans and leases to core deposits
  • 76.29%Equity capital to assets
  • 13.60%Core capital (leverage) ratio
  • 12.77%Tier 1 risk-based capital ratio
  • 18.40%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $179,475Average earning assets
  • $23,563Average equity
  • $166,043Average loans

List of branches

  • 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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