Kentucky National Bank of Pikeville in Pikeville, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 27, 2007

Kentucky National Bank of Pikeville in Pikeville, Kentucky (KY)
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Kentucky National Bank of Pikeville - Overview

General
FDIC Certificate #: 34113
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Citizens National Bank of Paintsville (#2718)
Federal Reserve ID: 2380993
Date Established: January 02, 1996
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 2 (Interstate: No)
FDIC's unique #: 56256
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: No
Date of Deposit Insurance: January 02, 1996
Last Structure Change Effective Date: July 27, 2007
Last Structure Change Process Date: September 25, 2007
Last Data Update: September 25, 2007
Data Source Date: April 05, 2012
Location
Address: 247 Hambley Blvd., Pikeville, KY 41501
County: Pike
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
Financial Summary
Total assets: $75.7 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, 2006)

Dollar figures in thousands
26Total employees (full-time equivalent)
$76,532Total assets
$3,087Cash and due from depository institutions
$13Interest-bearing balances
$12,150Securities
$1,438Federal funds sold & reverse repurchase agreements
$56,786Net loans & leases
$665Loan loss allowance
$0Trading account assets
$1,331Bank premises and fixed assets
$532Other real estate owned
$143Goodwill and other intangibles
$0Life insurance assets
$1,065All other assets
$76,532Total liabilities and capital
$66,174Total liabilities
$61,712Total deposits
$47,954Interest-bearing deposits
$61,712Deposits held in domestic offices
0.00%% insured (estimated)
$2,000Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,000Other borrowed funds
$0Subordinated debt
$462All other liabilities
$10,358Total equity capital
$10,358Total bank equity capital
$10,358Perpetual preferred stock
$0Common stock
$1,850Surplus
$1,850Undivided profits
Memoranda
$6,658Noncurrent loans and leases
$5,993Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$536Earning assets
$0Long-term assets (5+ years)
$416Average Assets, year-to-date
$70,387Average Assets, quarterly
$7,809Volatile liabilities
$75,663Insider loans
$75,479FHLB advances
$21,122Loans and leases held for sale
$3,198Unused loan commitments
$2,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,993Total unused commitments
$0Restructured Loans and leases
$665Derivatives

Income and Expense (December 31, 2006)

Dollar figures in thousands
$5,408Total interest income
$1,576Total interest expense
$3,832Net interest income
$172Provision for loan and lease losses
$400Total noninterest income
$0Fiduciary activities
$251Service charges on deposit accounts
$0Trading account gains & fees
$149Additional noninterest income
$1,998Total noninterest expense
$1,093Salaries and employee benefits
$205Premises and equipment expense
$700Additional noninterest expense
$2,062Pre-tax net operating income
-$5Securities gains (losses)
$665Applicable income taxes
$1,392Income before extraordinary items
$0Extraordinary gains - net
$1,392Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$190Sale, conversion, retirement of capital stock, net
$333Net operating income

Performance and Condition Ratios (December 31, 2006)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.70%Yield on earning assets
2.24%Cost of funding earning assets
5.45%Net interest margin
0.57%Noninterest income to earning assets
2.84%Noninterest expense to earning assets
1.84%Net operating income to assets
1.84%Return on assets (ROA)
2.72%Pretax return on assets
14.10%Return on equity (ROE)
10.73%Retained earnings to average equity (YTD only)
0.34%Net charge-offs to loans
90.53%Credit loss provision to net charge-offs
11.76%Efficiency ratio
47,212Assets per employee
2.94%Cash dividends to net income (YTD only)
Condition Ratios (%)
23.92%Loss allowance to loans
1.16%Loss allowance to noncurrent loans
124.07%Noncurrent assets plus other real estate owned to assets
1.40%Noncurrent loans to loans
0.93%Net loans and leases to deposits
92.02%Net loans and leases to core deposits
130.27%Equity capital to assets
13.53%Core capital (leverage) ratio
13.73%Tier 1 risk-based capital ratio
18.99%Total risk-based capital ratio
Memoranda
$20Average assets
$75,663Average earning assets
$9,869Average equity
$70,252Average loans

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