Morganfield National Bank in Morganfield, Kentucky (KY)
Table of contents:
| Morganfield National Bank | |
|---|---|
| General | FDIC Certificate #: 2760 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution: Old National Bank (#4393) Federal Reserve ID: 452140 Date Established: January 01, 1904 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 3 (Interstate: No) OTS Docket #: 11079 FDIC's unique #: 1797 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: October 07, 1999 Last Structure Change Process Date: November 03, 1999 Last Data Update: November 03, 1999 Data Source Date: April 05, 2012 |
| Location | Address: Main Street, Morganfield, KY 42437 County: Union 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 |
| Financial Summary | Total assets: $114.7 mil |
| Assets and Liabilities (December 31, 1998) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 43 |
| Total assets | $125,162 |
| Cash and due from depository institutions | $2,197 |
| Interest-bearing balances | $10 |
| Securities | $31,429 |
| Federal funds sold & reverse repurchase agreements | $11,025 |
| Net loans & leases | $76,806 |
| Loan loss allowance | $775 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,852 |
| Other real estate owned | $16 |
| Goodwill and other intangibles | $0 |
| All other assets | $1,837 |
| Life insurance assets | $0 |
| Total liabilities and capital | $125,162 |
| Total liabilities | $115,219 |
| Total deposits | $73,850 |
| Interest-bearing deposits | $62,020 |
| Deposits held in domestic offices | $73,850 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $16,249 |
| Trading liabilities | $0 |
| Other borrowed funds | $22,825 |
| Subordinated debt | $0 |
| All other liabilities | $2,295 |
| Total equity capital | $9,943 |
| Total bank equity capital | $9,943 |
| Perpetual preferred stock | $9,943 |
| Common stock | $0 |
| Surplus | $1,200 |
| Undivided profits | $1,200 |
| Memoranda | |
| Noncurrent loans and leases | $7,543 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $0 |
| Earning assets | $110 |
| Long-term assets (5+ years) | $0 |
| Average Assets, year-to-date | $498 |
| Average Assets, quarterly | $119,270 |
| Volatile liabilities | $50,955 |
| Insider loans | $117,220 |
| FHLB advances | $119,430 |
| Loans and leases held for sale | $20,206 |
| Unused loan commitments | $3,681 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $0 |
| Total risk weighted assets | $0 |
| Total unused commitments | $6,071 |
| Restructured Loans and leases | $0 |
| Derivatives | $71,494 |
| Income and Expense (December 31, 1998) (Dollar figures in thousands) | |
| Total interest income | $9,104 |
| Total interest expense | $4,326 |
| Net interest income | $4,778 |
| Provision for loan and lease losses | $210 |
| Total noninterest income | $924 |
| Fiduciary activities | $172 |
| Service charges on deposit accounts | $504 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $248 |
| Total noninterest expense | $3,234 |
| Salaries and employee benefits | $1,723 |
| Premises and equipment expense | $352 |
| Additional noninterest expense | $1,159 |
| Pre-tax net operating income | $2,258 |
| Securities gains (losses) | $3 |
| Applicable income taxes | $781 |
| Income before extraordinary items | $1,480 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $1,480 |
| Net charge-offs | $0 |
| Cash dividends | $0 |
| Sale, conversion, retirement of capital stock, net | $157 |
| Net operating income | $1,839 |
| Performance and Condition Ratios (December 31, 1998) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 8.18% |
| Cost of funding earning assets | 3.89% |
| Net interest margin | 4.29% |
| Noninterest income to earning assets | 0.83% |
| Noninterest expense to earning assets | 2.91% |
| Net operating income to assets | 1.26% |
| Return on assets (ROA) | 1.26% |
| Pretax return on assets | 1.93% |
| Return on equity (ROE) | 14.93% |
| Retained earnings to average equity (YTD only) | -3.62% |
| Net charge-offs to loans | 0.21% |
| Credit loss provision to net charge-offs | 133.76% |
| Efficiency ratio | 15.72% |
| Assets per employee | $56,717 |
| Cash dividends to net income (YTD only) | 2.91% |
| Condition Ratios (%) | |
| Loss allowance to loans | 124.26% |
| Loss allowance to noncurrent loans | 1.00% |
| Noncurrent assets plus other real estate owned to assets | 704.55% |
| Noncurrent loans to loans | 0.10% |
| Net loans and leases to deposits | 0.14% |
| Net loans and leases to core deposits | 104.00% |
| Equity capital to assets | 109.66% |
| Core capital (leverage) ratio | 7.94% |
| Tier 1 risk-based capital ratio | 8.20% |
| Total risk-based capital ratio | 13.35% |
| Memoranda | |
| Average assets | $14 |
| Average earning assets | $117,220 |
| Average equity | $9,911 |
| Average loans | $111,296 |
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