The Salt Lick Deposit Bank in Salt Lick, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches


The Salt Lick Deposit Bank - Overview

  • General
  • FDIC Certificate #: 8784
    Status: Active
    Federal Reserve ID: 327015
    Bank Holding Company (Regulatory Top Holder): Central Bancshares, Inc. (RSSDID: 2158156, Location: Lexington, KY)
    Date Established: October 01, 1901
    WWW: http://www.saltlickdepositbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 11046
    FDIC's unique #: 5593
    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: Commercial Lending Specialization
    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: 113 Main Street, Salt Lick, KY 40371
    County: Bath
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Lexington
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Southeast
    Combined Statistical Area (CSA): Lexington-Fayette-Frankfort-Richmond, KY (#336)
    Core Based Statistical Area (CBSA): Mount Sterling, KY (#34460)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $71.8 mil
    Equity capital: $8.1 mil
    Deposits held in domestic offices: $60.5 mil
    Return on assets (ROA): 0.74% ($0.5 mil)
    Quarterly return on assets: 1.06% ($0.8 mil)
    Return on Equity (ROE): 7.18% ($0.6 mil)
    Quarterly return on equity: 9.62% ($0.8 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.07% ($768.2 mil)
    Quarterly Pretax return on assets: 1.54% ($1,105.7 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
  • 17Total employees (full-time equivalent)
  • $71,797Total assets
  • $1,068Cash and due from depository institutions
  • $107Interest-bearing balances
  • $3,298Securities
  • $7,393Federal funds sold & reverse repurchase agreements
  • $53,949Net loans & leases
  • $857Loan loss allowance
  • $0Trading account assets
  • $2,981Bank premises and fixed assets
  • $847Other real estate owned
  • $691Goodwill and other intangibles
  • $71,797Life insurance assets
  • $1,570All other assets
  • $63,676Total liabilities and capital
  • $60,497Total liabilities
  • $53,719Total deposits
  • $60,497Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,937Trading liabilities
  • $0Other borrowed funds
  • $242Subordinated debt
  • $8,121All other liabilities
  • $8,121Total equity capital
  • $8,121Total bank equity capital
  • $0Perpetual preferred stock
  • $25Common stock
  • $6,820Surplus
  • $1,276Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $71Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,138Income earned, not collected on loans
  • $0Earning assets
  • $194Long-term assets (5+ years)
  • $64,747Average Assets, year-to-date
  • $2,777Average Assets, quarterly
  • $75,798Volatile liabilities
  • $72,768Insider loans
  • $53,557FHLB advances
  • $71,757Loans and leases held for sale
  • $162Unused loan commitments
  • $162Tier 1 (core) risk-based capital
  • $7,430Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,933Restructured Loans and leases
  • $301Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,513Total interest income
  • $1,063Total interest expense
  • $2,450Net interest income
  • $381Provision for loan and lease losses
  • $672Total noninterest income
  • $0Fiduciary activities
  • $505Service charges on deposit accounts
  • $0Trading account gains & fees
  • $167Additional noninterest income
  • $1,933Total noninterest expense
  • $984Salaries and employee benefits
  • $298Premises and equipment expense
  • $651Additional noninterest expense
  • $808Pre-tax net operating income
  • $0Securities gains (losses)
  • $244Applicable income taxes
  • $564Income before extraordinary items
  • $0Extraordinary gains - net
  • $564Net income attributable to bank
  • $0Net charge-offs
  • $564Cash dividends
  • $278Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.13%Yield on earning assets
  • 1.55%Cost of funding earning assets
  • 3.58%Net interest margin
  • 0.98%Noninterest income to earning assets
  • 2.82%Noninterest expense to earning assets
  • 0.74%Net operating income to assets
  • 0.74%Return on assets (ROA)
  • 1.07%Pretax return on assets
  • 7.18%Return on equity (ROE)
  • 7.18%Retained earnings to average equity (YTD only)
  • 0.48%Net charge-offs to loans
  • 137.05%Credit loss provision to net charge-offs
  • 4.28%Efficiency ratio
  • 61,915Assets per employee
  • 4.22%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.56%Loss allowance to noncurrent loans
  • 75.31%Noncurrent assets plus other real estate owned to assets
  • 2.76%Noncurrent loans to loans
  • 2.08%Net loans and leases to deposits
  • 89.18%Net loans and leases to core deposits
  • 97.17%Equity capital to assets
  • 11.31%Core capital (leverage) ratio
  • 10.35%Tier 1 risk-based capital ratio
  • 13.87%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $75,798Average earning assets
  • $7,855Average equity
  • $68,520Average loans

List of branches

  • 2 Kentucky Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05593The Salt Lick Deposit Bank113 Main Street, Salt Lick, KY 40371October 01, 1901Full Service Brick and Mortar
    2218966Slate Avenue Branch43 Slate Avenue, Owingsville, KY 40360April 15, 1994Full Service Brick and Mortar

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