FDIC Certificate #: 34398 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Community Trust Bank, Inc. (#2720) Federal Reserve ID: 2586302 Date Established: July 17, 1997 WWW:http://www.heritagecommunitybank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 15716 FDIC's unique #: 57161 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: July 17, 1997 Last Structure Change Effective Date: June 11, 2005 Last Structure Change Process Date: June 13, 2005 Last Data Update: June 13, 2005 Data Source Date: April 05, 2012
Location
Address: 220 West Main Street, Danville, KY 40423 County: Boyle 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 Core Based Statistical Area (CBSA): Danville, KY (#19220) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $94.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
32Total employees (full-time equivalent)
$102,892Total assets
$1,336Cash and due from depository institutions
$29Interest-bearing balances
$1,842Securities
$4,178Federal funds sold & reverse repurchase agreements
$90,187Net loans & leases
$1,844Loan loss allowance
$0Trading account assets
$4,161Bank premises and fixed assets
$93Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,095All other assets
$102,892Total liabilities and capital
$93,767Total liabilities
$78,814Total deposits
$72,176Interest-bearing deposits
$78,814Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$14,700Other borrowed funds
$0Subordinated debt
$253All other liabilities
$9,125Total equity capital
$9,125Total bank equity capital
$9,125Perpetual preferred stock
$0Common stock
$4,445Surplus
$7,389Undivided profits
Memoranda
$-2,709Noncurrent loans and leases
$9,187Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,212Earning assets
$0Long-term assets (5+ years)
$510Average Assets, year-to-date
$96,236Average Assets, quarterly
$2,667Volatile liabilities
$99,599Insider loans
$107,621FHLB advances
$23,796Loans and leases held for sale
$1,260Unused loan commitments
$14,700Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$9,187Total unused commitments
$0Restructured Loans and leases
$1,072Derivatives
Income and Expense (December 31, 2004)
Dollar figures in thousands
$5,882Total interest income
$1,877Total interest expense
$4,005Net interest income
$2,903Provision for loan and lease losses
$358Total noninterest income
$0Fiduciary activities
$291Service charges on deposit accounts
$0Trading account gains & fees
$67Additional noninterest income
$3,278Total noninterest expense
$1,746Salaries and employee benefits
$449Premises and equipment expense
$1,083Additional noninterest expense
-$1,818Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$1,818Income before extraordinary items
$0Extraordinary gains - net
-$1,818Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,958Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2004)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.36%Yield on earning assets
2.03%Cost of funding earning assets
4.33%Net interest margin
0.39%Noninterest income to earning assets
3.54%Noninterest expense to earning assets
-1.83%Net operating income to assets
-1.83%Return on assets (ROA)
-1.83%Pretax return on assets
-21.64%Return on equity (ROE)
-21.64%Retained earnings to average equity (YTD only)
2.25%Net charge-offs to loans
148.26%Credit loss provision to net charge-offs
0.55%Efficiency ratio
75,132Assets per employee
3.22%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.00%Loss allowance to noncurrent loans
83.36%Noncurrent assets plus other real estate owned to assets
2.24%Noncurrent loans to loans
2.40%Net loans and leases to deposits
114.43%Net loans and leases to core deposits
139.35%Equity capital to assets
8.87%Core capital (leverage) ratio
8.18%Tier 1 risk-based capital ratio
10.59%Total risk-based capital ratio
Memoranda
$12Average assets
$99,599Average earning assets
$8,401Average equity
$92,512Average loans
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