FDIC Certificate #: 8776 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Community First Bank of Kentucky (#10522) Federal Reserve ID: 139012 Date Established: May 15, 1893 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 10110 FDIC's unique #: 5589 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: December 11, 1998 Last Structure Change Process Date: Febuary 12, 1999 Last Data Update: Febuary 12, 1999 Data Source Date: April 05, 2012
Location
Address: U.S. Highway 25, Crittenden, KY 41030 County: Grant 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 Metropolitan Statistical Area (MSA): Cincinnati, OH-KY-IN (#1640) Consolidated Metropolitan Statistical Area (CMSA): Cincinnati-Hamilton, OH-KY-IN (#21) Combined Statistical Area (CSA): Cincinnati-Middletown-Wilmington, OH-KY-IN (#178) Core Based Statistical Area (CBSA): Cincinnati-Middletown, OH-KY-IN (#17140) CBSA Metro Statistical Area: Cincinnati-Middletown, OH-KY-IN (#17140)
Financial Summary
Total assets: $26.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
13Total employees (full-time equivalent)
$25,289Total assets
$914Cash and due from depository institutions
$55Interest-bearing balances
$3,750Securities
$638Federal funds sold & reverse repurchase agreements
$19,274Net loans & leases
$275Loan loss allowance
$0Trading account assets
$440Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$273All other assets
$25,289Total liabilities and capital
$22,761Total liabilities
$21,441Total deposits
$18,141Interest-bearing deposits
$21,441Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,078Other borrowed funds
$0Subordinated debt
$242All other liabilities
$2,528Total equity capital
$2,528Total bank equity capital
$2,528Perpetual preferred stock
$0Common stock
$25Surplus
$1,000Undivided profits
Memoranda
$1,503Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$100Earning assets
$0Long-term assets (5+ years)
$178Average Assets, year-to-date
$23,717Average Assets, quarterly
$4,378Volatile liabilities
$25,578Insider loans
$25,489FHLB advances
$1,917Loans and leases held for sale
$485Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,487Total unused commitments
$0Restructured Loans and leases
$16,078Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$2,247Total interest income
$965Total interest expense
$1,282Net interest income
$15Provision for loan and lease losses
$182Total noninterest income
$0Fiduciary activities
$108Service charges on deposit accounts
$0Trading account gains & fees
$74Additional noninterest income
$952Total noninterest expense
$537Salaries and employee benefits
$108Premises and equipment expense
$307Additional noninterest expense
$497Pre-tax net operating income
$0Securities gains (losses)
$173Applicable income taxes
$324Income before extraordinary items
$0Extraordinary gains - net
$324Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$35Sale, conversion, retirement of capital stock, net
$250Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.36%Yield on earning assets
4.02%Cost of funding earning assets
5.34%Net interest margin
0.76%Noninterest income to earning assets
3.97%Noninterest expense to earning assets
1.27%Net operating income to assets
1.27%Return on assets (ROA)
1.94%Pretax return on assets
12.68%Return on equity (ROE)
2.89%Retained earnings to average equity (YTD only)
-0.18%Net charge-offs to loans
-42.86%Credit loss provision to net charge-offs
0.00%Efficiency ratio
65,027Assets per employee
1.95%Cash dividends to net income (YTD only)
Condition Ratios (%)
77.16%Loss allowance to loans
1.41%Loss allowance to noncurrent loans
275.00%Noncurrent assets plus other real estate owned to assets
0.40%Noncurrent loans to loans
0.51%Net loans and leases to deposits
89.89%Net loans and leases to core deposits
98.71%Equity capital to assets
10.00%Core capital (leverage) ratio
9.91%Tier 1 risk-based capital ratio
15.57%Total risk-based capital ratio
Memoranda
$17Average assets
$25,578Average earning assets
$2,556Average equity
$23,995Average loans
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