The Farmers National Bank of Danville in Danville, Kentucky (KY)
| The Farmers National Bank of Danville | |
|---|---|
| General | FDIC Certificate #: 2740 Status: Active Federal Reserve ID: 785147 Bank Holding Company (Regulatory Top Holder): Boyle Bancorp, Inc. (RSSDID: 1119244, Location: Danville, KY) Date Established: Febuary 10, 1879 WWW: http://www.fnbky.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 11 (Domestic: 11, Interstate: No) OTS Docket #: 11804 FDIC's unique #: 1779 Numeric code: 3 Regulator: OCC 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: No 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: Febuary 17, 2011 |
| Location | Address: 304 West Main Street, Danville, KY 40422 County: Boyle 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 Core Based Statistical Area (CBSA): Danville, KY (#19220) CBSA Micro Statistical Area: Yes |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $51.7 mil Equity capital: $0.5 mil Deposits held in domestic offices: $42.0 mil Return on assets (ROA): 0.04% ($0.0 mil) Quarterly return on assets: -1.18% (-$0.6 mil) Return on Equity (ROE): 0.46% ($0.0 mil) Quarterly return on equity: -12.63% (-$0.0 mil) Net income: $0.2 mil Quarterly Net income: -$0.0 mil Pretax return on assets: 0.04% ($20.7 mil) Quarterly Pretax return on assets: -1.53% (-$791.6 mil) |
| Assets and Liabilities (December 31, 2010) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 156 |
| Total assets | $489,922 |
| Cash and due from depository institutions | $25,065 |
| Interest-bearing balances | $14,684 |
| Securities | $126,853 |
| Federal funds sold & reverse repurchase agreements | $6,213 |
| Net loans & leases | $304,931 |
| Loan loss allowance | $8,089 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $13,306 |
| Other real estate owned | $5,158 |
| Goodwill and other intangibles | $0 |
| All other assets | $8,396 |
| Life insurance assets | $0 |
| Total liabilities and capital | $489,922 |
| Total liabilities | $444,189 |
| Total deposits | $397,909 |
| Interest-bearing deposits | $239,829 |
| Deposits held in domestic offices | $397,909 |
| % insured (estimated) | 85.10% |
| Federal funds purchased & repurchase agreements | $12,813 |
| Trading liabilities | $0 |
| Other borrowed funds | $32,835 |
| Subordinated debt | $0 |
| All other liabilities | $632 |
| Total equity capital | $45,733 |
| Total bank equity capital | $45,733 |
| Perpetual preferred stock | $45,733 |
| Common stock | $0 |
| Surplus | $500 |
| Undivided profits | $4,540 |
| Memoranda | |
| Noncurrent loans and leases | $40,693 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $33,845 |
| Income earned, not collected on loans | $0 |
| Earning assets | $14,125 |
| Long-term assets (5+ years) | $0 |
| Average Assets, year-to-date | $2,622 |
| Average Assets, quarterly | $452,681 |
| Volatile liabilities | $122,744 |
| Insider loans | $498,095 |
| FHLB advances | $503,668 |
| Loans and leases held for sale | $108,776 |
| Unused loan commitments | $3,928 |
| Tier 1 (core) risk-based capital | $32,835 |
| Tier 2 risk-based capital | $0 |
| Total risk weighted assets | $0 |
| Total unused commitments | $33,845 |
| Restructured Loans and leases | $1,936 |
| Derivatives | $4,001 |
| Income and Expense (December 31, 2010) (Dollar figures in thousands) | |
| Total interest income | $23,767 |
| Total interest expense | $7,888 |
| Net interest income | $15,879 |
| Provision for loan and lease losses | $4,817 |
| Total noninterest income | $4,943 |
| Fiduciary activities | $1,017 |
| Service charges on deposit accounts | $2,469 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $1,457 |
| Total noninterest expense | $14,516 |
| Salaries and employee benefits | $7,574 |
| Premises and equipment expense | $1,597 |
| Additional noninterest expense | $5,345 |
| Pre-tax net operating income | $1,489 |
| Securities gains (losses) | $57 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $1,546 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $1,546 |
| Net charge-offs | $0 |
| Cash dividends | $1,546 |
| Sale, conversion, retirement of capital stock, net | $5,416 |
| Net operating income | $957 |
| Performance and Condition Ratios (December 31, 2010) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.20% |
| Cost of funding earning assets | 1.73% |
| Net interest margin | 3.47% |
| Noninterest income to earning assets | 1.08% |
| Noninterest expense to earning assets | 3.17% |
| Net operating income to assets | 0.30% |
| Return on assets (ROA) | 0.31% |
| Pretax return on assets | 0.31% |
| Return on equity (ROE) | 3.31% |
| Retained earnings to average equity (YTD only) | 1.26% |
| Net charge-offs to loans | 1.66% |
| Credit loss provision to net charge-offs | 88.94% |
| Efficiency ratio | 1.16% |
| Assets per employee | $69,715 |
| Cash dividends to net income (YTD only) | 3.14% |
| Condition Ratios (%) | |
| Loss allowance to loans | 61.90% |
| Loss allowance to noncurrent loans | 2.58% |
| Noncurrent assets plus other real estate owned to assets | 57.27% |
| Noncurrent loans to loans | 3.94% |
| Net loans and leases to deposits | 4.51% |
| Net loans and leases to core deposits | 76.63% |
| Equity capital to assets | 100.99% |
| Core capital (leverage) ratio | 9.33% |
| Tier 1 risk-based capital ratio | 9.02% |
| Total risk-based capital ratio | 14.26% |
| Memoranda | |
| Average assets | $16 |
| Average earning assets | $498,095 |
| Average equity | $46,658 |
| Average loans | $457,219 |
| Total Fiduciary and Related Assets (December 31, 2010) (Dollar figures in thousands) | |
| Total fiduciary and related assets | $1 |
| Number of Fiduciary Accounts and Related Asset Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $264,570 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $254,977 |
| Employee benefit-defined contribution accounts | $75,027 |
| Employee benefit-defined benefit accounts | $1,969 |
| Other retirement accounts | $0 |
| Corporate trust and agency accounts | $34,931 |
| Investment management agency accounts | $0 |
| Other fiduciary accounts | $121,946 |
| Fiduciary accounts held in foreign offices | $21,104 |
| Non-managed Assets | $0 |
| Number of Accounts | 438 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $34,727 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $9,593 |
| Corporate trust and agency accounts | $4,088 |
| Other fiduciary accounts | $1,780 |
| Fiduciary accounts held in foreign offices | $2,853 |
| 11 Kentucky Branches as of Febuary 17, 2011 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 1779 | The Farmers National Bank Of Danvill | 304 West Main Street, Danville, KY 40422 | Febuary 10, 1879 | Full Service Brick and Mortar |  |
| 3 | 194038 | Danville Square Branch | 1714 Perryville Road, Danville, KY 40422 | September 12, 1977 | Limited Service Facility |  |
| 4 | 194039 | Perryville Branch | 309 East Second Street, Perryville, KY 40468 | December 15, 1986 | Full Service Brick and Mortar | |
| 6 | 210 | Burgin Branch | 125 E Main Street, Harrodsburg, KY 40330 | June 03, 1896 | Full Service Brick and Mortar | |
| 7 | 194041 | Harrodsburg Branch | 776 South College Street, Harrodsburg, KY 40330 | September 18, 1995 | Full Service Brick and Mortar | |
| 8 | 194042 | Southtown Express Branch | 224 Southtown Drive, Danville, KY 40422 | Febuary 02, 1999 | Limited Service Facility | |
| 9 | 340665 | Junction City Branch | 101 Shelby Junction Lane, Junction City, KY 40440 | May 22, 2000 | Limited Service Facility | |
| 10 | 366081 | Stanford Branch | 131 Cane Run Road, Stanford, KY 40484 | January 13, 2003 | Full Service Brick and Mortar | |
| 11 | 419609 | East Main Branch | 211 East Main Street, Danville, KY 40422 | October 28, 2002 | Limited Service Facility | |
| 12 | 478864 | Lancaster Branch | 20 Commerce Drive, Lancaster, KY 40444 | Febuary 19, 2008 | Full Service Brick and Mortar | |
| 13 | 478865 | North Mercer Branch | 1000 Colton Drive, Harrodsburg, KY 40330 | May 21, 2008 | Limited Service Facility | |
Based on public records. Inadvertent errors are possible.
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