Vitals
  • Total Assets
    179.7M 7.2 %
  • Total Deposits
    159.6M 7.5 %
  • Total Net Loans
    143.9M 8.2 %
  • Net Income
    1.0M 17.0 %
  • Book Value
    16.3M 22.9 %
  • Book Value x2
    32.6M 22.9 %
  • Book Value x3
    48.8M 22.9 %
ROAA

.769

ROAE

8.835

Efficiency Ratio

70.575

Net Interest Margin

3.668

Balance Sheet Highlights
Financial Highlights Somerset National Bank All Insured Commercial Banks in Kentucky
Balance Sheet $(000)
Total Assets 179,677 168,533
Total Net Loans 143,911 114,262
Total Deposits 159,620 135,602
Total Equity 16,279 18,181
Profitability
Net Income 1,007 2,003
Return on Average Assets .769 1.209
Return on Average Equity 8.835 11.124
Net Interest Margin 3.668 4.06
Efficiency Ratio 70.575 65.924
Noninterest Income/Revenue 10.686 11.241
Balance Sheet Ratios
Loan-to-Deposit 90.159 82.106
Securities/Assets .122 .316
Total Equity/Total Assets .091 .108
Tangible Equity/Tangible Assets .091 .05
Capital Adequacy
Tier 1 Common Capital — —
Tier 1 Capital 16,346 17,026
Tier 2 Capital 1,576 1,300
Total Capital 17,922 18,327
Total Risk Weighted Assets 135,516 117,360
Leverage Ratio 9.24 10.893
Common Equity Tier 1 Capital Ratio — —
Tier 1 Capital Ratio 12.06 16.405
Total Capital Ratio 13.23 17.524

Timeline for Somerset National Bank

Forcht Bank, National Association

Somerset National Bank was acquired by Forcht Bank, National Association 16 years

View Profile Dec 31 2007

Forcht Bancorp, Inc.

Forcht Bancorp, Inc. became a new parent organization for Somerset National Bank.

View Profile Jan 01 2007

Mccreary National Bank

Acquisition: Somerset National Bank acquired a new subsidiary, Mccreary National Bank, 20 years

View Profile Apr 16 2004

Somerset Bancorp, Inc.

Somerset Bancorp, Inc. became a new parent organization for Somerset National Bank.

View Profile Sep 21 1999

Somerset National Bank

Somerset National Bank was established 26 years ago and is currently headquartered in Somerset, KY.

Aug 01 1997
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Forcht Bank, National Association Buyer 1,009,100 Pooling of Interests Discontinued 12/31/2007
Mccreary National Bank Seller 31,018 Acquisition Discontinued 4/16/2004
Relationships Role Relationship Start Relationship End
Forcht Bancorp, Inc. Parent 1/1/2007 12/30/2007
Somerset Bancorp, Inc. Parent 9/21/1999 12/31/2006
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