United Southern Bank in Hopkinsville, Kentucky (KY)
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| United Southern Bank | |
|---|---|
| General | FDIC Certificate #: 9309 Status: Active Federal Reserve ID: 110945 Bank Holding Company (Regulatory Top Holder): Todd Bancshares, Inc. (RSSDID: 1140574, Location: Hopkinsville, KY) Date Established: June 22, 1922 WWW: http://www.usbky.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 8 (Domestic: 8, Interstate: No) OTS Docket #: 12011 FDIC's unique #: 5964 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: 1813 East Ninth Street, Hopkinsville, KY 42240 County: Christian 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 Metropolitan Statistical Area (MSA): Clarksville-Hopkinsville, TN-KY (#1660) Core Based Statistical Area (CBSA): Clarksville, TN-KY (#17300) CBSA Metro Statistical Area: Clarksville, TN-KY (#17300) |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $252.2 mil Equity capital: $23.6 mil Deposits held in domestic offices: $221.3 mil Return on assets (ROA): 0.53% ($1.3 mil) Quarterly return on assets: 0.54% ($1.4 mil) Return on Equity (ROE): 5.78% ($1.4 mil) Quarterly return on equity: 5.75% ($1.4 mil) Net income: $1.3 mil Quarterly Net income: $0.3 mil Pretax return on assets: 0.68% ($1,714.9 mil) Quarterly Pretax return on assets: 0.54% ($1,361.8 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 75 |
| Total assets | $252,185 |
| Cash and due from depository institutions | $6,761 |
| Interest-bearing balances | $103 |
| Securities | $44,039 |
| Federal funds sold & reverse repurchase agreements | $123 |
| Net loans & leases | $186,787 |
| Loan loss allowance | $3,081 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $8,000 |
| Other real estate owned | $2,949 |
| Goodwill and other intangibles | $0 |
| All other assets | $3,526 |
| Life insurance assets | $252,184 |
| Total liabilities and capital | $228,557 |
| Total liabilities | $221,268 |
| Total deposits | $190,815 |
| Interest-bearing deposits | $221,268 |
| Deposits held in domestic offices | $91 |
| % insured (estimated) | 1220.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $5,500 |
| Other borrowed funds | $0 |
| Subordinated debt | $569 |
| All other liabilities | $23,627 |
| Total equity capital | $23,627 |
| Total bank equity capital | $23,627 |
| Perpetual preferred stock | $0 |
| Common stock | $126 |
| Surplus | $11,063 |
| Undivided profits | $12,438 |
| 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 | $1,475 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $2,041 |
| Average Assets, year-to-date | $231,052 |
| Average Assets, quarterly | $143,054 |
| Volatile liabilities | $249,047 |
| Insider loans | $250,191 |
| FHLB advances | $184,061 |
| Loans and leases held for sale | $247,505 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $22,521 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $18,127 |
| Derivatives | $2,583 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $11,060 |
| Total interest expense | $2,581 |
| Net interest income | $8,479 |
| Provision for loan and lease losses | $550 |
| Total noninterest income | $956 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $664 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $292 |
| Total noninterest expense | $7,220 |
| Salaries and employee benefits | $3,274 |
| Premises and equipment expense | $1,435 |
| Additional noninterest expense | $2,511 |
| Pre-tax net operating income | $1,665 |
| Securities gains (losses) | $30 |
| Applicable income taxes | $384 |
| Income before extraordinary items | $1,311 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $1,311 |
| Net charge-offs | $0 |
| Cash dividends | $1,311 |
| Sale, conversion, retirement of capital stock, net | $57 |
| Net operating income | $100 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.81% |
| Cost of funding earning assets | 1.12% |
| Net interest margin | 3.69% |
| Noninterest income to earning assets | 0.42% |
| Noninterest expense to earning assets | 3.14% |
| Net operating income to assets | 0.52% |
| Return on assets (ROA) | 0.53% |
| Pretax return on assets | 0.68% |
| Return on equity (ROE) | 5.78% |
| Retained earnings to average equity (YTD only) | 5.34% |
| Net charge-offs to loans | 0.03% |
| Credit loss provision to net charge-offs | 964.91% |
| Efficiency ratio | 38.86% |
| Assets per employee | $76,524 |
| Cash dividends to net income (YTD only) | 3.36% |
| Condition Ratios (%) | |
| Loss allowance to loans | 7.63% |
| Loss allowance to noncurrent loans | 1.62% |
| Noncurrent assets plus other real estate owned to assets | 208.88% |
| Noncurrent loans to loans | 1.75% |
| Net loans and leases to deposits | 0.78% |
| Net loans and leases to core deposits | 84.42% |
| Equity capital to assets | 88.49% |
| Core capital (leverage) ratio | 9.37% |
| Tier 1 risk-based capital ratio | 9.10% |
| Total risk-based capital ratio | 12.24% |
| Memoranda | |
| Average assets | $13 |
| Average earning assets | $249,047 |
| Average equity | $22,667 |
| Average loans | $229,924 |
| 8 Kentucky Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 5964 | United Southern Bank | 1813 East Ninth Street, Hopkinsville, KY 42240 | June 22, 1922 | Full Service Brick and Mortar |  |
| 1 | 219869 | Elkton Branch | 808 South Main Street, Elkton, KY 42220 | Febuary 20, 1967 | Full Service Brick and Mortar |  |
| 2 | 219870 | Clifty Branch | Highway 181, Clifty, KY 42216 | October 27, 1983 | Full Service Brick and Mortar | |
| 5 | 219873 | Trenton Branch | 112 South Main Street, Trenton, KY 42286 | June 30, 1922 | Full Service Brick and Mortar | |
| 6 | 359468 | Clinic Drive Branch | 101 Clinic Drive, Hopkinsville, KY 42241 | January 16, 2001 | Full Service Brick and Mortar | |
| 7 | 442209 | Crofton Branch | 111 North Madisonville St, Crofton, KY 42217 | May 09, 2005 | Full Service Brick and Mortar | |
| 8 | 444958 | Canton Street Branch | 4405 Canton Street, Hopkinsville, KY 42240 | October 03, 2005 | Full Service Brick and Mortar | |
| 9 | 481406 | Madisonville Branch | 2215 North Main Street, Madisonville, KY 42431 | September 02, 2008 | Full Service Brick and Mortar | |
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