Citizens Bank in Dry Ridge, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 06, 1995

  • Citizens Bank in Dry Ridge, Kentucky (KY)
  • Show street view No street view available for this location

Citizens Bank - Overview

  • General
  • FDIC Certificate #: 8789
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Community First Bank of Kentucky (#10522)
    Federal Reserve ID: 992918
    Date Established: June 01, 1918
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 5597
    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: April 06, 1995
    Last Structure Change Process Date: April 07, 1995
    Last Data Update: April 07, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: Main Street, Dry Ridge, KY 41035
    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: $25.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $17Total assets
  • $23,101Cash and due from depository institutions
  • $1,897Interest-bearing balances
  • $561Securities
  • $8,022Federal funds sold & reverse repurchase agreements
  • $1,929Net loans & leases
  • $10,901Loan loss allowance
  • $215Trading account assets
  • $0Bank premises and fixed assets
  • $112Other real estate owned
  • $0Goodwill and other intangibles
  • $240Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $23,101Total liabilities
  • $20,139Total deposits
  • $18,971Interest-bearing deposits
  • $15,801Deposits held in domestic offices
  • 18971.00%% insured (estimated)
  • $94Federal funds purchased & repurchase agreements
  • $1,058Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $110Total equity capital
  • $110Total bank equity capital
  • $2,962Perpetual preferred stock
  • $0Common stock
  • $210Surplus
  • $950Undivided profits
  • Memoranda
  • $1,802Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $64Income earned, not collected on loans
  • $85Earning assets
  • $21,413Long-term assets (5+ years)
  • $662Average Assets, year-to-date
  • $21,372Average Assets, quarterly
  • $21,853Volatile liabilities
  • $1,770Insider loans
  • $218FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $523Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $2,967Total risk weighted assets
  • $11,211Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $1,379Total interest expense
  • $501Net interest income
  • $878Provision for loan and lease losses
  • $24Total noninterest income
  • $161Fiduciary activities
  • $0Service charges on deposit accounts
  • $134Trading account gains & fees
  • $0Additional noninterest income
  • $27Total noninterest expense
  • $749Salaries and employee benefits
  • $326Premises and equipment expense
  • $84Additional noninterest expense
  • $339Pre-tax net operating income
  • $266Securities gains (losses)
  • $4Applicable income taxes
  • $60Income before extraordinary items
  • $210Extraordinary gains - net
  • $0Net income attributable to bank
  • $210Net charge-offs
  • $10Cash dividends
  • $42Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 6.97%Cost of funding earning assets
  • 2.53%Net interest margin
  • 4.43%Noninterest income to earning assets
  • 0.81%Noninterest expense to earning assets
  • 3.78%Net operating income to assets
  • 0.97%Return on assets (ROA)
  • 0.98%Pretax return on assets
  • 1.26%Return on equity (ROE)
  • 7.32%Retained earnings to average equity (YTD only)
  • 5.85%Net charge-offs to loans
  • 0.10%Credit loss provision to net charge-offs
  • 240.00%Efficiency ratio
  • 72,089Assets per employee
  • 1.36%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 20.00%Loss allowance to loans
  • 1.93%Loss allowance to noncurrent loans
  • 335.94%Noncurrent assets plus other real estate owned to assets
  • 0.28%Noncurrent loans to loans
  • 0.58%Net loans and leases to deposits
  • 57.46%Net loans and leases to core deposits
  • 59.70%Equity capital to assets
  • 12.82%Core capital (leverage) ratio
  • 13.93%Tier 1 risk-based capital ratio
  • 26.47%Total risk-based capital ratio
  • Memoranda
  • $28Average assets
  • $21,372Average earning assets
  • $2,870Average equity
  • $19,798Average loans

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