Corbin Deposit Bank & Trust Company in Corbin, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 01, 1993

Corbin Deposit Bank & Trust Company in Corbin, Kentucky (KY)
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Corbin Deposit Bank & Trust Company - Overview

General
FDIC Certificate #: 15170
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Cumberland Valley National Bank & Trust Company (#2691)
Federal Reserve ID: 985312
Date Established: May 15, 1935
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Interstate: No)
FDIC's unique #: 9536
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: June 03, 1935
Last Structure Change Effective Date: July 01, 1993
Last Structure Change Process Date: July 27, 1993
Last Data Update: July 27, 1993
Data Source Date: April 05, 2012
Location
Address: First And Main Streets, Corbin, KY 40701
County: Whitley
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Chicago
FDIC Field Office: Knoxville
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Southeast
Combined Statistical Area (CSA): Corbin-London, KY (#202)
Core Based Statistical Area (CBSA): Corbin, KY (#18340)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $62.2 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$43Total assets
$63,543Cash and due from depository institutions
$5,055Interest-bearing balances
$1,000Securities
$18,856Federal funds sold & reverse repurchase agreements
$50Net loans & leases
$37,347Loan loss allowance
$453Trading account assets
$0Bank premises and fixed assets
$756Other real estate owned
$690Goodwill and other intangibles
$789Life insurance assets
$0All other assets
$0Total liabilities and capital
$63,543Total liabilities
$57,606Total deposits
$57,257Interest-bearing deposits
$51,245Deposits held in domestic offices
57257.00%% insured (estimated)
$97Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$349Total equity capital
$349Total bank equity capital
$5,937Perpetual preferred stock
$0Common stock
$890Surplus
$1,800Undivided profits
Memoranda
$3,247Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$567Income earned, not collected on loans
$381Earning assets
$57,253Long-term assets (5+ years)
$5,875Average Assets, year-to-date
$62,435Average Assets, quarterly
$62,993Volatile liabilities
$4,104Insider loans
$1,611FHLB advances
$0Loans and leases held for sale
$83Unused loan commitments
$2,124Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$5,937Total risk weighted assets
$37,609Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$4,848Total interest expense
$2,338Net interest income
$2,510Provision for loan and lease losses
$180Total noninterest income
$314Fiduciary activities
$0Service charges on deposit accounts
$193Trading account gains & fees
$0Additional noninterest income
$121Total noninterest expense
$2,079Salaries and employee benefits
$950Premises and equipment expense
$263Additional noninterest expense
$866Pre-tax net operating income
$565Securities gains (losses)
$14Applicable income taxes
$122Income before extraordinary items
$457Extraordinary gains - net
$0Net income attributable to bank
$457Net charge-offs
$167Cash dividends
$89Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.54%Cost of funding earning assets
4.12%Net interest margin
4.42%Noninterest income to earning assets
0.55%Noninterest expense to earning assets
3.66%Net operating income to assets
0.71%Return on assets (ROA)
0.73%Pretax return on assets
0.93%Return on equity (ROE)
7.92%Retained earnings to average equity (YTD only)
6.38%Net charge-offs to loans
0.44%Credit loss provision to net charge-offs
107.78%Efficiency ratio
73,619Assets per employee
1.48%Cash dividends to net income (YTD only)
Condition Ratios (%)
19.47%Loss allowance to loans
1.20%Loss allowance to noncurrent loans
79.89%Noncurrent assets plus other real estate owned to assets
1.98%Noncurrent loans to loans
1.50%Net loans and leases to deposits
65.23%Net loans and leases to core deposits
70.26%Equity capital to assets
9.34%Core capital (leverage) ratio
9.46%Tier 1 risk-based capital ratio
15.79%Total risk-based capital ratio
Memoranda
$17Average assets
$62,435Average earning assets
$5,770Average equity
$56,785Average loans

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