Classic Bank in Ashland, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 20, 2005

  • Classic Bank in Ashland, Kentucky (KY)
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Classic Bank - Overview

  • General
  • FDIC Certificate #: 29884
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: City National Bank of West Virginia (#17735)
    Federal Reserve ID: 3579
    Date Established: January 01, 1910
    WWW: http://www.classicbank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 12 (Interstate: No)
    OTS Docket #: 4259
    FDIC's unique #: 42718
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    SAIF Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: August 10, 1937
    Last Structure Change Effective Date: May 20, 2005
    Last Structure Change Process Date: June 20, 2005
    Last Data Update: June 20, 2005
    Data Source Date: April 05, 2012
  • Location
  • Address: 344 17th St, Ashland, KY 41105
    County: Boyd
    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): Huntington-Ashland, WV-KY-OH (#3400)
    Core Based Statistical Area (CBSA): Huntington-Ashland, WV-KY-OH (#26580)
    CBSA Metro Statistical Area: Huntington-Ashland, WV-KY-OH (#26580)
  • Financial Summary
  • Total assets: $333.2 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, 2004)

  • Dollar figures in thousands
  • 109Total employees (full-time equivalent)
  • $344,208Total assets
  • $10,800Cash and due from depository institutions
  • $725Interest-bearing balances
  • $45,830Securities
  • $57Federal funds sold & reverse repurchase agreements
  • $263,560Net loans & leases
  • $2,261Loan loss allowance
  • $0Trading account assets
  • $9,220Bank premises and fixed assets
  • $268Other real estate owned
  • $8,410Goodwill and other intangibles
  • $0Life insurance assets
  • $6,063All other assets
  • $344,208Total liabilities and capital
  • $308,250Total liabilities
  • $244,225Total deposits
  • $210,464Interest-bearing deposits
  • $244,225Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $11,172Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $49,890Other borrowed funds
  • $0Subordinated debt
  • $2,963All other liabilities
  • $35,958Total equity capital
  • $35,958Total bank equity capital
  • $35,958Perpetual preferred stock
  • $0Common stock
  • $5,000Surplus
  • $24,452Undivided profits
  • Memoranda
  • $6,506Noncurrent loans and leases
  • $25,109Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,598Earning assets
  • $0Long-term assets (5+ years)
  • $1,522Average Assets, year-to-date
  • $310,172Average Assets, quarterly
  • $123,114Volatile liabilities
  • $340,006Insider loans
  • $341,727FHLB advances
  • $78,478Loans and leases held for sale
  • $21,832Unused loan commitments
  • $49,277Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $25,109Total unused commitments
  • $0Restructured Loans and leases
  • $2,261Derivatives

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $18,371Total interest income
  • $5,347Total interest expense
  • $13,024Net interest income
  • $528Provision for loan and lease losses
  • $2,480Total noninterest income
  • $0Fiduciary activities
  • $2,017Service charges on deposit accounts
  • $0Trading account gains & fees
  • $463Additional noninterest income
  • $8,930Total noninterest expense
  • $4,734Salaries and employee benefits
  • $1,300Premises and equipment expense
  • $2,896Additional noninterest expense
  • $6,046Pre-tax net operating income
  • $59Securities gains (losses)
  • $1,847Applicable income taxes
  • $4,258Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,258Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $495Sale, conversion, retirement of capital stock, net
  • $600Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.99%Yield on earning assets
  • 1.74%Cost of funding earning assets
  • 4.24%Net interest margin
  • 0.81%Noninterest income to earning assets
  • 2.91%Noninterest expense to earning assets
  • 1.24%Net operating income to assets
  • 1.25%Return on assets (ROA)
  • 1.80%Pretax return on assets
  • 12.52%Return on equity (ROE)
  • 10.75%Retained earnings to average equity (YTD only)
  • 0.19%Net charge-offs to loans
  • 106.67%Credit loss provision to net charge-offs
  • 13.28%Efficiency ratio
  • 56,889Assets per employee
  • 3.16%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 14.09%Loss allowance to loans
  • 0.85%Loss allowance to noncurrent loans
  • 141.49%Noncurrent assets plus other real estate owned to assets
  • 0.54%Noncurrent loans to loans
  • 0.60%Net loans and leases to deposits
  • 107.92%Net loans and leases to core deposits
  • 128.40%Equity capital to assets
  • 10.45%Core capital (leverage) ratio
  • 8.01%Tier 1 risk-based capital ratio
  • 11.19%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $340,006Average earning assets
  • $34,020Average equity
  • $306,858Average loans

Total Fiduciary and Related Assets (December 31, 2004)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $118Managed Assets
  • 1Number of Accounts
  • $118Personal trust and agency accounts
  • $118Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 5Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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