West Point Bank in Radcliff, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • West Point Bank in Radcliff, Kentucky (KY)
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West Point Bank - Overview

  • General
  • FDIC Certificate #: 12166
    Status: Active
    Federal Reserve ID: 79042
    Bank Holding Company (Regulatory Top Holder): First Breckinridge Bancshares, Inc. (RSSDID: 1119404, Location: Irvington, KY)
    Date Established: July 01, 1914
    WWW: http://www.westpointbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 9772
    FDIC's unique #: 7727
    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: Mortgage 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: 600 W. Lincoln Trail Blvd., Radcliff, KY 40160
    County: Hardin
    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
    Combined Statistical Area (CSA): Louisville-Jefferson County-Elizabethtown-Scottsburg, KY-IN (#350)
    Core Based Statistical Area (CBSA): Elizabethtown, KY (#21060)
    CBSA Metro Statistical Area: Elizabethtown, KY (#21060)
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $141.6 mil
    Equity capital: $15.5 mil
    Deposits held in domestic offices: $77.7 mil
    Return on assets (ROA): 1.02% ($1.4 mil)
    Quarterly return on assets: 0.95% ($1.3 mil)
    Return on Equity (ROE): 9.39% ($1.5 mil)
    Quarterly return on equity: 8.82% ($1.4 mil)
    Net income: $1.4 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.55% ($2,195.3 mil)
    Quarterly Pretax return on assets: 1.45% ($2,053.7 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
  • 31Total employees (full-time equivalent)
  • $141,633Total assets
  • $3,606Cash and due from depository institutions
  • $418Interest-bearing balances
  • $49,287Securities
  • $15,900Federal funds sold & reverse repurchase agreements
  • $68,575Net loans & leases
  • $779Loan loss allowance
  • $0Trading account assets
  • $3,051Bank premises and fixed assets
  • $124Other real estate owned
  • $0Goodwill and other intangibles
  • $141,633Life insurance assets
  • $1,090All other assets
  • $126,108Total liabilities and capital
  • $77,707Total liabilities
  • $61,447Total deposits
  • $77,707Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 47619.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $551Trading liabilities
  • $0Other borrowed funds
  • $231Subordinated debt
  • $15,525All other liabilities
  • $15,525Total equity capital
  • $15,525Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $2,000Surplus
  • $12,525Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,853Income earned, not collected on loans
  • $0Earning assets
  • $705Long-term assets (5+ years)
  • $134,180Average Assets, year-to-date
  • $16,632Average Assets, quarterly
  • $137,496Volatile liabilities
  • $143,052Insider loans
  • $58,416FHLB advances
  • $143,619Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $15,467Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,945Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,035Total interest income
  • $843Total interest expense
  • $5,192Net interest income
  • $346Provision for loan and lease losses
  • $374Total noninterest income
  • $0Fiduciary activities
  • $348Service charges on deposit accounts
  • $0Trading account gains & fees
  • $26Additional noninterest income
  • $3,094Total noninterest expense
  • $1,350Salaries and employee benefits
  • $652Premises and equipment expense
  • $1,092Additional noninterest expense
  • $2,126Pre-tax net operating income
  • $0Securities gains (losses)
  • $721Applicable income taxes
  • $1,405Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,405Net income attributable to bank
  • $0Net charge-offs
  • $1,405Cash dividends
  • $162Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.64%Yield on earning assets
  • 0.65%Cost of funding earning assets
  • 3.99%Net interest margin
  • 0.29%Noninterest income to earning assets
  • 2.38%Noninterest expense to earning assets
  • 1.02%Net operating income to assets
  • 1.02%Return on assets (ROA)
  • 1.55%Pretax return on assets
  • 9.39%Return on equity (ROE)
  • 9.39%Retained earnings to average equity (YTD only)
  • 0.23%Net charge-offs to loans
  • 213.58%Credit loss provision to net charge-offs
  • 15.26%Efficiency ratio
  • 55,336Assets per employee
  • 4.57%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.12%Loss allowance to noncurrent loans
  • 42.04%Noncurrent assets plus other real estate owned to assets
  • 1.40%Noncurrent loans to loans
  • 2.67%Net loans and leases to deposits
  • 88.25%Net loans and leases to core deposits
  • 90.08%Equity capital to assets
  • 10.96%Core capital (leverage) ratio
  • 10.77%Tier 1 risk-based capital ratio
  • 26.48%Total risk-based capital ratio
  • Memoranda
  • $28Average assets
  • $137,496Average earning assets
  • $14,959Average equity
  • $130,146Average loans

List of branches

  • 5 Kentucky Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07727West Point Bank600 W. Lincoln Trail Blvd., Radcliff, KY 40160July 01, 1914Full Service Brick and Mortar
    1226392West Point Branch601 Main Street, West Point, KY 40177November 28, 1988Full Service Brick and Mortar
    2226393Glendale Branch436 East Main Street, Glendale, KY 42740December 09, 1996Full Service Brick and Mortar
    4357446West Point Ban K502 West Dixie Avenue, Elizabethtown, KY 42701January 02, 2000Full Service Brick and Mortar
    5473629Upton Branch114 North Walnut Street, Upton, KY 42784March 24, 2008Full Service Brick and Mortar

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