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First United Bank and Trust Company (KY)

Overview / Commentary
270-821-5555
162 North Main Street
Madisonville, KY 42431

First United Bank and Trust Company (KY) is headquartered in Madisonville and is the 72nd largest bank in the state of Kentucky. It is also the 3,057th largest bank in the nation. It was established in 1996 and as of March of 2014, it had grown to 55 employees at 3 locations. First United Bank and Trust Company (KY) has a A health rating.

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Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 First United Bank and Trust Company (KY) had $742,000 in non-current loans and owned real-estate with $28.22 million in equity and loan loss allowances on hand to cover it. This gives First United Bank and Trust Company (KY) a Texas Ratio of 2.63% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for First United Bank and Trust Company (KY) decreased slightly from 3.24% as of March 31, 2013 to 2.63% as of March 31, 2014, resulting in a positive change of 18.78%.This indicates that the balance sheet and financial strength for First United Bank and Trust Company (KY) has improved slightly in recent periods.

Deposit Growth

GRADE:
C-

In the past year, First United Bank and Trust Company (KY) has decreased its total deposits by -$5.29 million, resulting in -3.26% 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 United Bank and Trust Company (KY) has shown is below average.

Capitalization

GRADE:
A+

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 United Bank and Trust Company (KY) has $200.01 million in assets with $28.22 million in equity, resulting in a capitalization level of 14.11%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #34150
Year Established1996
Employees55
Primary RegulatorFDIC
Assets and Liabilities
Assets$200.01 million
Loans$114.94 million
Deposits$156.94 million
Equity Capital$25.79 million
Loan Loss Allowance$2.44 million
Unbacked Noncurrent Loans$697,000
Real Estate Owned$45,000
Historic Data - March 2013
Assets$202.38 million
Equity Capital$26.40 million
Loan Loss Allowance$2.43 million
Unbacked Noncurrent Loans$697,000
Real Estate Owned$206,000
Profit Margin - Quarterly
Net Interest Margin4.24%
Return on Assets1.61%
Return on Equity12.62%
Interest Income$2.07 million
Rates

Sorry, we do not have rate data for First United Bank and Trust Company (KY)

Locations


First United Bank and Trust Company (KY) Locations
Earlington Office Branch101 East Main StreetEarlington, KY 42410
Northside Office Branch1080 North Main StreetMadisonville, KY 42431
First United Bank and Trust Company162 North Main StreetMadisonville, KY 42431