Winchester Federal Bank in Winchester, Kentucky (KY)



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Winchester Federal Bank
GeneralFDIC Certificate #: 29313
Status: Active
Federal Reserve ID: 50872
Date Established: January 01, 1934
WWW: http://www.winchesterfederal.com
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 2 (Domestic: 2, Interstate: No)
OTS Docket #: 3267
FDIC's unique #: 42147
Numeric code: 33
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Mortgage Lending Specialization
Date of Deposit Insurance: January 09, 1935
Last Structure Change Effective Date: July 21, 2011
Last Structure Change Process Date: July 21, 2011
Last Data Update: July 21, 2011
Data Source Date: April 05, 2012
LocationAddress: 57 S Main St, Winchester, KY 40391
County: Clark
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
Metropolitan Statistical Area (MSA): Lexington, KY (#4280)
Combined Statistical Area (CSA): Lexington-Fayette-Frankfort-Richmond, KY (#336)
Core Based Statistical Area (CBSA): Lexington-Fayette, KY (#30460)
CBSA Metro Statistical Area: Lexington-Fayette, KY (#30460)
History of ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $164.1 mil
Equity capital: $16.7 mil
Deposits held in domestic offices: $94.0 mil
Return on assets (ROA): 0.98% ($1.6 mil)
Quarterly return on assets: 1.06% ($1.7 mil)
Return on Equity (ROE): 10.13% ($1.7 mil)
Quarterly return on equity: 10.61% ($1.8 mil)
Net income: $1.7 mil
Quarterly Net income: $0.4 mil
Pretax return on assets: 0.98% ($1,608.3 mil)
Quarterly Pretax return on assets: 1.06% ($1,739.6 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)
Total employees (full-time equivalent)15
Total assets$164,113
Cash and due from depository institutions$19,427
Interest-bearing balances$18,862
Securities$8,719
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$129,968
Loan loss allowance $1,437
Trading account assets$0
Bank premises and fixed assets$1,395
Other real estate owned$577
Goodwill and other intangibles$9
All other assets$4,018
Life insurance assets$164,113
Total liabilities and capital$147,393
Total liabilities$94,041
Total deposits$91,088
Interest-bearing deposits$94,041
Deposits held in domestic offices$92
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$52,837
Other borrowed funds $0
Subordinated debt $515
All other liabilities $16,720
Total equity capital$16,720
Total bank equity capital$16,720
Perpetual preferred stock$0
Common stock$229
Surplus$1,903
Undivided profits $14,588
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 $1,441
Earning assets $0
Long-term assets (5+ years) $625
Average Assets, year-to-date $157,549
Average Assets, quarterly $0
Volatile liabilities $169,278
Insider loans $167,509
FHLB advances $94,769
Loans and leases held for sale $163,723
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $16,330
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $6,283
Derivatives$2,882
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $7,835
Total interest expense $3,188
Net interest income $4,647
Provision for loan and lease losses $840
Total noninterest income $53
Fiduciary activities $0
Service charges on deposit accounts $87
Trading account gains & fees $0
Additional noninterest income -$34
Total noninterest expense $2,200
Salaries and employee benefits $1,000
Premises and equipment expense $599
Additional noninterest expense $601
Pre-tax net operating income $1,660
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $1,660
Extraordinary gains - net $0
Net income attributable to bank $1,660
Net charge-offs $0
Cash dividends $1,660
Sale, conversion, retirement of capital stock, net $569
Net operating income $1,119
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.82%
Cost of funding earning assets 1.96%
Net interest margin 2.86%
Noninterest income to earning assets 0.03%
Noninterest expense to earning assets 1.35%
Net operating income to assets 0.98%
Return on assets (ROA) 0.98%
Pretax return on assets 0.98%
Return on equity (ROE) 10.13%
Retained earnings to average equity (YTD only) 3.30%
Net charge-offs to loans 0.42%
Credit loss provision to net charge-offs 147.63%
Efficiency ratio4.39%
Assets per employee$46,809
Cash dividends to net income (YTD only)10.94%
Condition Ratios (%)
Loss allowance to loans 67.41%
Loss allowance to noncurrent loans 1.09%
Noncurrent assets plus other real estate owned to assets 99.72%
Noncurrent loans to loans 1.23%
Net loans and leases to deposits1.10%
Net loans and leases to core deposits 138.20%
Equity capital to assets 160.27%
Core capital (leverage) ratio 10.19%
Tier 1 risk-based capital ratio 9.97%
Total risk-based capital ratio 17.23%
Memoranda
Average assets$19
Average earning assets$169,278
Average equity $16,389
Average loans $162,526
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2 Kentucky Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
042147Winchester Federal Bank57 S Main St, Winchester, KY 40391January 01, 1934Full Service Brick and Mortar
1441456Bypass Road Branch1705 Bypass Road, Winchester, KY 40391September 16, 2002Full Service Brick and Mortar
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