First Southern National

First Southern National is headquartered in Lancaster and is the 15^st largest bank in the state of Kentucky. It is also the 940^th largest bank in the nation. It was established in 1865 and as of March of 2012, it had grown to 201 employees at 22 locations. First Southern National has a 5-star health rating.

Data for Q1 2012

Institution Statistics First Southern National Bank FDIC Certificate # 2700 BankRate Report View Year Established 1865 Employees 201 Primary Regulator OCC Assets and Liabilities Assets $708.10 million Loans $387.24 million Deposits $617.59 million Equity Capital $79.85 million Loan Loss Allowance $6.06 million Unbacked Noncurrent Loans $7.13 million Real Estate Owned $1.42 million Historic Data - March 2011 Assets $666.52 million Equity Capital $79.02 million Loan Loss Allowance $6.62 million Unbacked Noncurrent Loans $4.80 million Real Estate Owned $1.17 million Profit Margin - Quarterly Net Interest Margin 4.29% Return on Assets 1.14% Return on Equity 9.97% Interest Income $7.69 million

Institution Health Overall Score: 5 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 First Southern National had $8.54 million in non-current loans and owned real-estate with $85.91 million in equity and loan loss allowances on hand to cover it. This gives First Southern National a Texas Ratio of 9.94% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for First Southern National held steady from 6.97% as of March 31, 2011 to 9.94% as of March 31, 2012, resulting in a negative change of 42.71%. This indicates that the balance sheet and financial strength for First Southern National has held steady in recent periods. Deposit Growth In the past year, First Southern National has increased its total deposits by $56.87 million, resulting in 10.14% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth First Southern National has shown is excellent. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. First Southern National has $708.1 million in assets with $85.91 million in equity, resulting in a capitalization level of 12.13%, which is excellent.

No reviews have been left for this bank yet. Be the first to review.