FDIC Certificate #: 32855 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Classic Bank (#29884) Federal Reserve ID: 1438712 Date Established: March 01, 1990 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 45767 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: March 01, 1990 Last Structure Change Effective Date: May 15, 1999 Last Structure Change Process Date: June 23, 1999 Last Data Update: June 23, 1999 Data Source Date: April 05, 2012
Location
Address: 575 North Carol Malone Boulevard, Grayson, KY 41143 County: Carter Quarterly Banking Profile Region: Chicago FDIC Geographic Region: Chicago FDIC Supervisory Region: Dallas FDIC Field Office: Lexington Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Huntington-Ashland, WV-KY-OH (#3400)
Financial Summary
Total assets: $13.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
10Total employees (full-time equivalent)
$13,907Total assets
$1,516Cash and due from depository institutions
$0Interest-bearing balances
$2,375Securities
$500Federal funds sold & reverse repurchase agreements
$8,817Net loans & leases
$94Loan loss allowance
$0Trading account assets
$513Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$186All other assets
$13,907Total liabilities and capital
$12,179Total liabilities
$12,085Total deposits
$9,169Interest-bearing deposits
$12,085Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$94All other liabilities
$1,728Total equity capital
$1,728Total bank equity capital
$1,728Perpetual preferred stock
$0Common stock
$600Surplus
$900Undivided profits
Memoranda
$228Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$83Earning assets
$0Long-term assets (5+ years)
$108Average Assets, year-to-date
$11,692Average Assets, quarterly
$2,491Volatile liabilities
$14,980Insider loans
$14,360FHLB advances
$2,063Loans and leases held for sale
$509Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$151Total unused commitments
$0Restructured Loans and leases
$9,425Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$1,187Total interest income
$478Total interest expense
$709Net interest income
$60Provision for loan and lease losses
$112Total noninterest income
$0Fiduciary activities
$86Service charges on deposit accounts
$0Trading account gains & fees
$26Additional noninterest income
$468Total noninterest expense
$232Salaries and employee benefits
$50Premises and equipment expense
$186Additional noninterest expense
$293Pre-tax net operating income
$5Securities gains (losses)
$94Applicable income taxes
$204Income before extraordinary items
$0Extraordinary gains - net
$204Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$43Sale, conversion, retirement of capital stock, net
$180Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.14%Yield on earning assets
3.68%Cost of funding earning assets
5.46%Net interest margin
0.86%Noninterest income to earning assets
3.60%Noninterest expense to earning assets
1.34%Net operating income to assets
1.36%Return on assets (ROA)
1.99%Pretax return on assets
11.36%Return on equity (ROE)
1.34%Retained earnings to average equity (YTD only)
0.50%Net charge-offs to loans
139.53%Credit loss provision to net charge-offs
8.21%Efficiency ratio
57,004Assets per employee
1.39%Cash dividends to net income (YTD only)
Condition Ratios (%)
88.24%Loss allowance to loans
1.05%Loss allowance to noncurrent loans
113.25%Noncurrent assets plus other real estate owned to assets
0.60%Noncurrent loans to loans
0.93%Net loans and leases to deposits
72.96%Net loans and leases to core deposits
87.98%Equity capital to assets
12.43%Core capital (leverage) ratio
12.10%Tier 1 risk-based capital ratio
18.26%Total risk-based capital ratio
Memoranda
$19Average assets
$14,980Average earning assets
$1,795Average equity
$12,991Average loans
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