The Salem Bank in Salem, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 17, 1994

  • The Salem Bank in Salem, Kentucky (KY)
  • Show street view No street view available for this location

The Salem Bank - Overview

  • General
  • FDIC Certificate #: 12164
    Status: Inactive
    Closing history: Change NONGEOFDICDBS from Default
    Acquiring institution: Union Planters Bank of Kentucky, National Association (#2763)
    Federal Reserve ID: 57648
    Date Established: October 01, 1902
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 7725
    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: November 17, 1994
    Last Structure Change Process Date: November 29, 1994
    Last Data Update: November 29, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: Main Street, Salem, KY 42078
    County: Livingston
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Hopkinsville
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Southeast
    Combined Statistical Area (CSA): Paducah-Mayfield, KY-IL (#424)
    Core Based Statistical Area (CBSA): Paducah, KY-IL (#37140)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merger - Without Assistance
    Change NONGEOFDICDBS from Default
  • Financial Summary
  • Total assets: $41.2 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $13Total assets
  • $41,736Cash and due from depository institutions
  • $2,023Interest-bearing balances
  • $0Securities
  • $19,826Federal funds sold & reverse repurchase agreements
  • $3,000Net loans & leases
  • $16,156Loan loss allowance
  • $447Trading account assets
  • $0Bank premises and fixed assets
  • $205Other real estate owned
  • $0Goodwill and other intangibles
  • $526Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $41,736Total liabilities
  • $37,744Total deposits
  • $37,512Interest-bearing deposits
  • $32,129Deposits held in domestic offices
  • 37512.00%% insured (estimated)
  • $94Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $232Total equity capital
  • $232Total bank equity capital
  • $3,992Perpetual preferred stock
  • $0Common stock
  • $125Surplus
  • $1,163Undivided profits
  • Memoranda
  • $2,704Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3Income earned, not collected on loans
  • $171Earning assets
  • $38,982Long-term assets (5+ years)
  • $7,130Average Assets, year-to-date
  • $42,242Average Assets, quarterly
  • $41,484Volatile liabilities
  • $516Insider loans
  • $476FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $817Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $3,985Total risk weighted assets
  • $17,325Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $3,012Total interest expense
  • $1,188Net interest income
  • $1,824Provision for loan and lease losses
  • $12Total noninterest income
  • $242Fiduciary activities
  • $0Service charges on deposit accounts
  • $191Trading account gains & fees
  • $0Additional noninterest income
  • $51Total noninterest expense
  • $951Salaries and employee benefits
  • $329Premises and equipment expense
  • $83Additional noninterest expense
  • $539Pre-tax net operating income
  • $1,103Securities gains (losses)
  • $4Applicable income taxes
  • $360Income before extraordinary items
  • $747Extraordinary gains - net
  • $0Net income attributable to bank
  • $747Net charge-offs
  • -$82Cash dividends
  • $900Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.53%Cost of funding earning assets
  • 2.97%Net interest margin
  • 4.56%Noninterest income to earning assets
  • 0.61%Noninterest expense to earning assets
  • 2.38%Net operating income to assets
  • 1.76%Return on assets (ROA)
  • 1.77%Pretax return on assets
  • 2.62%Return on equity (ROE)
  • 18.26%Retained earnings to average equity (YTD only)
  • -3.74%Net charge-offs to loans
  • -0.49%Credit loss provision to net charge-offs
  • -14.63%Efficiency ratio
  • 46,031Assets per employee
  • 3.21%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 120.48%Loss allowance to loans
  • 2.69%Loss allowance to noncurrent loans
  • 14900.00%Noncurrent assets plus other real estate owned to assets
  • 0.01%Noncurrent loans to loans
  • 0.02%Net loans and leases to deposits
  • 43.07%Net loans and leases to core deposits
  • 43.67%Equity capital to assets
  • 9.56%Core capital (leverage) ratio
  • 9.67%Tier 1 risk-based capital ratio
  • 23.00%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $42,242Average earning assets
  • $4,091Average equity
  • $39,993Average loans

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