Citizens Commerce National Bank in Versailles, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Citizens Commerce National Bank in Versailles, Kentucky (KY)
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Citizens Commerce National Bank routing number info

Citizens Commerce National Bank - Overview

  • General
  • FDIC Certificate #: 34256
    Status: Active
    Federal Reserve ID: 2512347
    Bank Holding Company (Regulatory Top Holder): Citizens Commerce Bancshares, Inc. (RSSDID: 2702278, Location: Versailles, KY)
    Date Established: November 12, 1996
    WWW: http://www.citizenscommerce.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 57015
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: November 12, 1996
    Last Structure Change Effective Date: August 12, 2011
    Last Structure Change Process Date: August 15, 2011
    Last Data Update: August 15, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 534 Marsailles Road, Versailles, KY 40383
    County: Woodford
    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): Lexington, KY (#4280)
    Combined Statistical Area (CSA): Lexington-Fayette-Frankfort-Richmond, KY (#336)
    Core Based Statistical Area (CBSA): Lexington-Fayette, KY (#30460)
    CBSA Metro Statistical Area: Lexington-Fayette, KY (#30460)
  • Financial Summary
  • Total assets: $235.8 mil
    Equity capital: $8.3 mil
    Deposits held in domestic offices: $192.1 mil
    Return on assets (ROA): -0.82% (-$1.9 mil)
    Quarterly return on assets: -0.20% (-$0.5 mil)
    Return on Equity (ROE): -30.68% (-$2.5 mil)
    Quarterly return on equity: -6.59% (-$0.5 mil)
    Net income: -$2.1 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: -0.98% (-$2,311.3 mil)
    Quarterly Pretax return on assets: -0.91% (-$2,146.2 mil)

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

2000 - 2011 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, 2011)

  • Dollar figures in thousands
  • 70Total employees (full-time equivalent)
  • $235,850Total assets
  • $26,986Cash and due from depository institutions
  • $24,665Interest-bearing balances
  • $63,767Securities
  • $655Federal funds sold & reverse repurchase agreements
  • $127,110Net loans & leases
  • $5,660Loan loss allowance
  • $0Trading account assets
  • $5,142Bank premises and fixed assets
  • $6,672Other real estate owned
  • $4Goodwill and other intangibles
  • $235,850Life insurance assets
  • $5,514All other assets
  • $227,591Total liabilities and capital
  • $192,147Total liabilities
  • $178,244Total deposits
  • $192,147Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 5048.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $28,485Trading liabilities
  • $0Other borrowed funds
  • $1,911Subordinated debt
  • $8,259All other liabilities
  • $8,259Total equity capital
  • $8,259Total bank equity capital
  • $0Perpetual preferred stock
  • $2,875Common stock
  • $18,510Surplus
  • $-13,126Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $337Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $20,600Income earned, not collected on loans
  • $230Earning assets
  • $1,363Long-term assets (5+ years)
  • $216,197Average Assets, year-to-date
  • $90,844Average Assets, quarterly
  • $261,847Volatile liabilities
  • $240,311Insider loans
  • $129,704FHLB advances
  • $236,817Loans and leases held for sale
  • $1,734Unused loan commitments
  • $1,734Tier 1 (core) risk-based capital
  • $8,482Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $17,686Restructured Loans and leases
  • $543Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,074Total interest income
  • $3,562Total interest expense
  • $7,512Net interest income
  • $1,940Provision for loan and lease losses
  • $1,774Total noninterest income
  • $0Fiduciary activities
  • $643Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,131Additional noninterest income
  • $10,782Total noninterest expense
  • $4,125Salaries and employee benefits
  • $831Premises and equipment expense
  • $5,826Additional noninterest expense
  • -$3,436Pre-tax net operating income
  • $869Securities gains (losses)
  • -$424Applicable income taxes
  • -$2,143Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,143Net income attributable to bank
  • $0Net charge-offs
  • -$2,143Cash dividends
  • $4,098Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.62%Yield on earning assets
  • 1.49%Cost of funding earning assets
  • 3.13%Net interest margin
  • 0.74%Noninterest income to earning assets
  • 4.50%Noninterest expense to earning assets
  • -1.09%Net operating income to assets
  • -0.82%Return on assets (ROA)
  • -0.98%Pretax return on assets
  • -30.68%Return on equity (ROE)
  • -30.68%Retained earnings to average equity (YTD only)
  • 2.50%Net charge-offs to loans
  • 47.34%Credit loss provision to net charge-offs
  • -0.37%Efficiency ratio
  • 116,110Assets per employee
  • 3.37%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.26%Loss allowance to noncurrent loans
  • 27.48%Noncurrent assets plus other real estate owned to assets
  • 11.56%Noncurrent loans to loans
  • 15.52%Net loans and leases to deposits
  • 66.15%Net loans and leases to core deposits
  • 69.59%Equity capital to assets
  • 3.50%Core capital (leverage) ratio
  • 3.58%Tier 1 risk-based capital ratio
  • 6.54%Total risk-based capital ratio
  • Memoranda
  • $8Average assets
  • $261,847Average earning assets
  • $6,986Average equity
  • $239,803Average loans

List of branches

  • 4 Kentucky Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    057015Citizens Commerce National Bank534 Marsailles Road, Versailles, KY 40383November 12, 1996Full Service Brick and Mortar
    1290507Versailles Branch231 South Main Street, Versailles, KY 40383August 30, 1999Full Service Brick and Mortar
    2468293Equine Way Branch108 Sea Hero Road, Frankfort, KY 40601August 27, 2007Full Service Brick and Mortar
    3493072Nicholasville Branch506 North Main Street, Suite 100, Nicholasville, KY 40356April 01, 2009Full Service Brick and Mortar

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