FDIC Certificate #: 28826 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Commercial Bank (#22354) Federal Reserve ID: 456773 Date Established: January 01, 1915 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 2438 FDIC's unique #: 41660 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: April 15, 1936 Last Structure Change Effective Date: November 01, 2001 Last Structure Change Process Date: Febuary 19, 2002 Last Data Update: Febuary 19, 2002 Data Source Date: April 05, 2012
Location
Address: 1431 Cumberland Avenue, Middlesboro, KY 40965 County: Bell Quarterly Banking Profile Region: Chicago FDIC Geographic Region: Chicago FDIC Supervisory Region: Dallas FDIC Field Office: Lexington Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: Southeast Core Based Statistical Area (CBSA): Middlesborough, KY (#33180) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $125.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
41Total employees (full-time equivalent)
$124,780Total assets
$4,742Cash and due from depository institutions
$220Interest-bearing balances
$6,081Securities
$0Federal funds sold & reverse repurchase agreements
$105,780Net loans & leases
$1,009Loan loss allowance
$0Trading account assets
$4,086Bank premises and fixed assets
$1,063Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$3,028All other assets
$124,780Total liabilities and capital
$115,471Total liabilities
$104,180Total deposits
$101,103Interest-bearing deposits
$104,180Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$10,563Other borrowed funds
$0Subordinated debt
$728All other liabilities
$9,309Total equity capital
$9,309Total bank equity capital
$9,309Perpetual preferred stock
$0Common stock
$7Surplus
$4,945Undivided profits
Memoranda
$4,357Noncurrent loans and leases
$1,476Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$615Earning assets
$0Long-term assets (5+ years)
$803Average Assets, year-to-date
$112,081Average Assets, quarterly
$0Volatile liabilities
$127,851Insider loans
$125,060FHLB advances
$39,639Loans and leases held for sale
$1,258Unused loan commitments
$10,500Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,476Total unused commitments
$1,506Restructured Loans and leases
$1,009Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$9,819Total interest income
$5,822Total interest expense
$3,997Net interest income
$1,049Provision for loan and lease losses
$674Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$674Additional noninterest income
$3,968Total noninterest expense
$1,668Salaries and employee benefits
$766Premises and equipment expense
$1,534Additional noninterest expense
-$346Pre-tax net operating income
$0Securities gains (losses)
$12Applicable income taxes
-$358Income before extraordinary items
$0Extraordinary gains - net
-$358Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,306Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.42%Yield on earning assets
4.99%Cost of funding earning assets
3.43%Net interest margin
0.58%Noninterest income to earning assets
3.40%Noninterest expense to earning assets
-0.28%Net operating income to assets
-0.28%Return on assets (ROA)
-0.27%Pretax return on assets
-3.73%Return on equity (ROE)
-3.73%Retained earnings to average equity (YTD only)
1.18%Net charge-offs to loans
80.32%Credit loss provision to net charge-offs
0.54%Efficiency ratio
84,950Assets per employee
3.04%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.94%Loss allowance to noncurrent loans
164.07%Noncurrent assets plus other real estate owned to assets
1.34%Noncurrent loans to loans
0.58%Net loans and leases to deposits
101.54%Net loans and leases to core deposits
140.84%Equity capital to assets
7.46%Core capital (leverage) ratio
7.52%Tier 1 risk-based capital ratio
11.10%Total risk-based capital ratio
Memoranda
$12Average assets
$127,851Average earning assets
$9,609Average equity
$116,613Average loans
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