FDIC Certificate #: 34561 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Citizens National Bank of Paintsville (#2718) Federal Reserve ID: 2668570 Date Established: April 06, 1998 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) FDIC's unique #: 59069 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: April 06, 1998 Last Structure Change Effective Date: June 17, 2006 Last Structure Change Process Date: July 19, 2006 Last Data Update: July 19, 2006 Data Source Date: April 05, 2012
Location
Address: 735 Central Avenue, Ashland, KY 41101 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: $82.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
35Total employees (full-time equivalent)
$82,569Total assets
$5,028Cash and due from depository institutions
$3,713Interest-bearing balances
$19,384Securities
$510Federal funds sold & reverse repurchase agreements
$54,645Net loans & leases
$2,191Loan loss allowance
$0Trading account assets
$1,408Bank premises and fixed assets
$480Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,114All other assets
$82,569Total liabilities and capital
$77,991Total liabilities
$71,933Total deposits
$64,370Interest-bearing deposits
$71,933Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$5,663Other borrowed funds
$0Subordinated debt
$395All other liabilities
$4,578Total equity capital
$4,578Total bank equity capital
$4,578Perpetual preferred stock
$0Common stock
$0Surplus
$13,050Undivided profits
Memoranda
$-8,472Noncurrent loans and leases
$3,641Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,763Earning assets
$0Long-term assets (5+ years)
$471Average Assets, year-to-date
$78,252Average Assets, quarterly
$10,978Volatile liabilities
$87,604Insider loans
$82,863FHLB advances
$12,491Loans and leases held for sale
$0Unused loan commitments
$5,663Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,641Total unused commitments
$771Restructured Loans and leases
$723Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$5,447Total interest income
$2,301Total interest expense
$3,146Net interest income
$1,160Provision for loan and lease losses
$777Total noninterest income
$0Fiduciary activities
$417Service charges on deposit accounts
$0Trading account gains & fees
$360Additional noninterest income
$4,510Total noninterest expense
$1,787Salaries and employee benefits
$980Premises and equipment expense
$1,743Additional noninterest expense
-$1,747Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$1,747Income before extraordinary items
$0Extraordinary gains - net
-$1,747Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,871Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.59%Yield on earning assets
2.79%Cost of funding earning assets
3.81%Net interest margin
0.94%Noninterest income to earning assets
5.46%Noninterest expense to earning assets
-1.99%Net operating income to assets
-1.99%Return on assets (ROA)
-1.99%Pretax return on assets
-44.53%Return on equity (ROE)
-44.53%Retained earnings to average equity (YTD only)
3.01%Net charge-offs to loans
62.00%Credit loss provision to net charge-offs
-0.31%Efficiency ratio
114,963Assets per employee
2.36%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.85%Loss allowance to noncurrent loans
124.28%Noncurrent assets plus other real estate owned to assets
2.72%Noncurrent loans to loans
3.10%Net loans and leases to deposits
75.97%Net loans and leases to core deposits
89.77%Equity capital to assets
5.54%Core capital (leverage) ratio
5.91%Tier 1 risk-based capital ratio
8.69%Total risk-based capital ratio
Memoranda
$10Average assets
$87,604Average earning assets
$3,923Average equity
$82,598Average loans
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