FDIC Certificate #: 8788 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Citizens Bank (#27240) Federal Reserve ID: 334611 Date Established: January 01, 1904 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 14222 FDIC's unique #: 5596 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: October 23, 2000 Last Structure Change Process Date: December 27, 2000 Last Data Update: December 27, 2000 Data Source Date: April 05, 2012
Location
Address: 648 Main Street, Sharpsburg, KY 40374 County: Bath 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 Combined Statistical Area (CSA): Lexington-Fayette-Frankfort-Richmond, KY (#336) Core Based Statistical Area (CBSA): Mount Sterling, KY (#34460) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $49.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
24Total employees (full-time equivalent)
$46,306Total assets
$4,538Cash and due from depository institutions
$2,324Interest-bearing balances
$1,541Securities
$950Federal funds sold & reverse repurchase agreements
$37,257Net loans & leases
$525Loan loss allowance
$0Trading account assets
$726Bank premises and fixed assets
$0Other real estate owned
$247Goodwill and other intangibles
$0Life insurance assets
$1,047All other assets
$46,306Total liabilities and capital
$42,212Total liabilities
$41,317Total deposits
$35,862Interest-bearing deposits
$41,317Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$405Other borrowed funds
$0Subordinated debt
$490All other liabilities
$4,094Total equity capital
$4,094Total bank equity capital
$4,094Perpetual preferred stock
$0Common stock
$40Surplus
$2,461Undivided profits
Memoranda
$1,593Noncurrent loans and leases
$2,526Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$693Earning assets
$0Long-term assets (5+ years)
$875Average Assets, year-to-date
$42,072Average Assets, quarterly
$5,006Volatile liabilities
$41,877Insider loans
$45,126FHLB advances
$8,096Loans and leases held for sale
$246Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,526Total unused commitments
$0Restructured Loans and leases
$418Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$3,796Total interest income
$1,763Total interest expense
$2,033Net interest income
$115Provision for loan and lease losses
$358Total noninterest income
$0Fiduciary activities
$128Service charges on deposit accounts
$0Trading account gains & fees
$230Additional noninterest income
$1,003Total noninterest expense
$556Salaries and employee benefits
$132Premises and equipment expense
$315Additional noninterest expense
$1,273Pre-tax net operating income
$0Securities gains (losses)
$437Applicable income taxes
$836Income before extraordinary items
$0Extraordinary gains - net
$836Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$144Sale, conversion, retirement of capital stock, net
$550Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.72%Yield on earning assets
4.51%Cost of funding earning assets
5.21%Net interest margin
0.92%Noninterest income to earning assets
2.57%Noninterest expense to earning assets
2.00%Net operating income to assets
2.00%Return on assets (ROA)
3.04%Pretax return on assets
21.18%Return on equity (ROE)
7.25%Retained earnings to average equity (YTD only)
0.41%Net charge-offs to loans
79.86%Credit loss provision to net charge-offs
9.64%Efficiency ratio
41,071Assets per employee
1.93%Cash dividends to net income (YTD only)
Condition Ratios (%)
65.79%Loss allowance to loans
1.39%Loss allowance to noncurrent loans
75.76%Noncurrent assets plus other real estate owned to assets
1.50%Noncurrent loans to loans
1.83%Net loans and leases to deposits
90.17%Net loans and leases to core deposits
112.15%Equity capital to assets
8.84%Core capital (leverage) ratio
8.74%Tier 1 risk-based capital ratio
11.57%Total risk-based capital ratio
Memoranda
$13Average assets
$41,877Average earning assets
$3,947Average equity
$39,058Average loans
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