The Garrard Bank & Trust Company in Lancaster, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 01, 1997

The Garrard Bank & Trust Company in Lancaster, Kentucky (KY)
Show street view No street view available for this location

The Garrard Bank & Trust Company - Overview

General
FDIC Certificate #: 1880
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Whitaker Bank (#32912)
Federal Reserve ID: 1003914
Date Established: October 01, 1906
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 1255
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: January 01, 1934
Last Structure Change Effective Date: July 01, 1997
Last Structure Change Process Date: July 14, 1997
Last Data Update: July 21, 1997
Data Source Date: April 05, 2012
Location
Address: Public Square, Lancaster, KY 40444
County: Garrard
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
Financial Summary
Total assets: $47.0 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)
$18Total assets
$45,720Cash and due from depository institutions
$1,163Interest-bearing balances
$0Securities
$15,950Federal funds sold & reverse repurchase agreements
$455Net loans & leases
$26,736Loan loss allowance
$547Trading account assets
$0Bank premises and fixed assets
$738Other real estate owned
$0Goodwill and other intangibles
$678Life insurance assets
$0All other assets
$0Total liabilities and capital
$45,720Total liabilities
$42,812Total deposits
$41,493Interest-bearing deposits
$35,483Deposits held in domestic offices
41493.00%% insured (estimated)
$86Federal funds purchased & repurchase agreements
$1,024Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$295Total equity capital
$295Total bank equity capital
$2,908Perpetual preferred stock
$0Common stock
$100Surplus
$1,900Undivided profits
Memoranda
$908Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$176Income earned, not collected on loans
$495Earning assets
$43,141Long-term assets (5+ years)
$7,166Average Assets, year-to-date
$44,320Average Assets, quarterly
$44,941Volatile liabilities
$6,099Insider loans
$605FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,075Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,791Total risk weighted assets
$27,897Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$3,590Total interest expense
$1,604Net interest income
$1,986Provision for loan and lease losses
$35Total noninterest income
$260Fiduciary activities
$0Service charges on deposit accounts
$203Trading account gains & fees
$0Additional noninterest income
$57Total noninterest expense
$1,201Salaries and employee benefits
$544Premises and equipment expense
$133Additional noninterest expense
$524Pre-tax net operating income
$1,010Securities gains (losses)
$22Applicable income taxes
$302Income before extraordinary items
$730Extraordinary gains - net
$0Net income attributable to bank
$730Net charge-offs
$3Cash dividends
$725Sale, 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
8.61%Cost of funding earning assets
3.85%Net interest margin
4.76%Noninterest income to earning assets
0.62%Noninterest expense to earning assets
2.88%Net operating income to assets
1.61%Return on assets (ROA)
1.65%Pretax return on assets
2.33%Return on equity (ROE)
25.37%Retained earnings to average equity (YTD only)
0.17%Net charge-offs to loans
0.01%Credit loss provision to net charge-offs
1166.67%Efficiency ratio
53,473Assets per employee
2.54%Cash dividends to net income (YTD only)
Condition Ratios (%)
99.32%Loss allowance to loans
2.00%Loss allowance to noncurrent loans
310.80%Noncurrent assets plus other real estate owned to assets
0.38%Noncurrent loans to loans
0.65%Net loans and leases to deposits
64.43%Net loans and leases to core deposits
73.41%Equity capital to assets
6.36%Core capital (leverage) ratio
6.33%Tier 1 risk-based capital ratio
10.00%Total risk-based capital ratio
Memoranda
$11Average assets
$44,320Average earning assets
$2,878Average equity
$41,714Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The Garrard Bank & Trust Company.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.