The Exchange Bank of Kentucky in Mount Sterling, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 1997

The Exchange Bank of Kentucky in Mount Sterling, Kentucky (KY)
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The Exchange Bank of Kentucky - Overview

General
FDIC Certificate #: 14603
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Community Trust Bank, Inc. (#2720)
Federal Reserve ID: 171414
Date Established: August 10, 1856
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
OTS Docket #: 10698
FDIC's unique #: 9128
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 28, 1934
Last Structure Change Effective Date: January 01, 1997
Last Structure Change Process Date: January 13, 1997
Last Data Update: January 13, 1997
Data Source Date: April 05, 2012
Location
Address: High And Maysville Streets, Mount Sterling, KY 40353
County: Montgomery
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
Combined Statistical Area (CSA): Lexington-Fayette-Frankfort-Richmond, KY (#336)
Core Based Statistical Area (CBSA): Mount Sterling, KY (#34460)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $64.8 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$27Total assets
$64,826Cash and due from depository institutions
$4,292Interest-bearing balances
$474Securities
$14,166Federal funds sold & reverse repurchase agreements
$840Net loans & leases
$43,377Loan loss allowance
$649Trading account assets
$0Bank premises and fixed assets
$1,196Other real estate owned
$24Goodwill and other intangibles
$746Life insurance assets
$185All other assets
$0Total liabilities and capital
$64,826Total liabilities
$60,325Total deposits
$59,535Interest-bearing deposits
$50,611Deposits held in domestic offices
59535.00%% insured (estimated)
$92Federal funds purchased & repurchase agreements
$412Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$378Total equity capital
$378Total bank equity capital
$4,501Perpetual preferred stock
$0Common stock
$1,190Surplus
$2,000Undivided profits
Memoranda
$1,311Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$240Income earned, not collected on loans
$499Earning assets
$58,857Long-term assets (5+ years)
$15,599Average Assets, year-to-date
$63,494Average Assets, quarterly
$64,526Volatile liabilities
$6,684Insider loans
$823FHLB advances
$0Loans and leases held for sale
$2,691Unused loan commitments
$3,960Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,517Total risk weighted assets
$47,054Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$5,084Total interest expense
$2,378Net interest income
$2,706Provision for loan and lease losses
$327Total noninterest income
$1,025Fiduciary activities
$0Service charges on deposit accounts
$387Trading account gains & fees
$0Additional noninterest income
$638Total noninterest expense
$1,986Salaries and employee benefits
$732Premises and equipment expense
$282Additional noninterest expense
$972Pre-tax net operating income
$1,418Securities gains (losses)
$0Applicable income taxes
$417Income before extraordinary items
$1,001Extraordinary gains - net
$0Net income attributable to bank
$1,001Net charge-offs
$150Cash dividends
$1,087Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.74%Cost of funding earning assets
4.09%Net interest margin
4.65%Noninterest income to earning assets
1.76%Noninterest expense to earning assets
3.41%Net operating income to assets
1.58%Return on assets (ROA)
1.58%Pretax return on assets
2.23%Return on equity (ROE)
22.17%Retained earnings to average equity (YTD only)
-1.91%Net charge-offs to loans
0.36%Credit loss provision to net charge-offs
218.00%Efficiency ratio
52,854Assets per employee
2.40%Cash dividends to net income (YTD only)
Condition Ratios (%)
108.59%Loss allowance to loans
1.47%Loss allowance to noncurrent loans
270.42%Noncurrent assets plus other real estate owned to assets
0.41%Noncurrent loans to loans
0.55%Net loans and leases to deposits
72.86%Net loans and leases to core deposits
81.44%Equity capital to assets
6.94%Core capital (leverage) ratio
6.85%Tier 1 risk-based capital ratio
9.60%Total risk-based capital ratio
Memoranda
$11Average assets
$63,494Average earning assets
$4,514Average equity
$58,156Average loans

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