The Progressive Bank, National Association in Lexington, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 16, 2000

  • The Progressive Bank, National Association in Lexington, Kentucky (KY)
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The Progressive Bank, National Association - Overview

  • General
  • FDIC Certificate #: 2751
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Integra Bank National Association (#4392)
    Federal Reserve ID: 639642
    Date Established: January 01, 1866
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Interstate: No)
    OTS Docket #: 9708
    FDIC's unique #: 1789
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: September 16, 2000
    Last Structure Change Process Date: November 20, 2000
    Last Data Update: November 20, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 1999 Richmond Road, Suite 1, Lexington, KY 40502
    County: Fayette
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Elizabethtown
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Lexington, KY (#4280)
    Combined Statistical Area (CSA): Lexington-Fayette-Frankfort-Richmond, KY (#336)
    Core Based Statistical Area (CBSA): Lexington-Fayette, KY (#30460)
    CBSA Metro Statistical Area: Lexington-Fayette, KY (#30460)
  • Financial Summary
  • Total assets: $152.1 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, 1999)

  • Dollar figures in thousands
  • 36Total employees (full-time equivalent)
  • $153,861Total assets
  • $3,545Cash and due from depository institutions
  • $67Interest-bearing balances
  • $15,551Securities
  • $748Federal funds sold & reverse repurchase agreements
  • $130,193Net loans & leases
  • $1,742Loan loss allowance
  • $0Trading account assets
  • $2,117Bank premises and fixed assets
  • $31Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,676All other assets
  • $153,861Total liabilities and capital
  • $140,310Total liabilities
  • $108,152Total deposits
  • $93,586Interest-bearing deposits
  • $108,152Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $23,212Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $8,222Other borrowed funds
  • $0Subordinated debt
  • $724All other liabilities
  • $13,551Total equity capital
  • $13,551Total bank equity capital
  • $13,551Perpetual preferred stock
  • $0Common stock
  • $275Surplus
  • $2,236Undivided profits
  • Memoranda
  • $11,040Noncurrent loans and leases
  • $15,371Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $72Earning assets
  • $0Long-term assets (5+ years)
  • $1,194Average Assets, year-to-date
  • $146,559Average Assets, quarterly
  • $5,193Volatile liabilities
  • $148,705Insider loans
  • $152,740FHLB advances
  • $38,954Loans and leases held for sale
  • $1,344Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $15,371Total unused commitments
  • $140Restructured Loans and leases
  • $1,442Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $12,390Total interest income
  • $5,409Total interest expense
  • $6,981Net interest income
  • $332Provision for loan and lease losses
  • $802Total noninterest income
  • $0Fiduciary activities
  • $606Service charges on deposit accounts
  • $0Trading account gains & fees
  • $196Additional noninterest income
  • $3,539Total noninterest expense
  • $1,757Salaries and employee benefits
  • $421Premises and equipment expense
  • $1,361Additional noninterest expense
  • $3,912Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,314Applicable income taxes
  • $2,598Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,598Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $99Sale, conversion, retirement of capital stock, net
  • $600Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.75%Yield on earning assets
  • 3.82%Cost of funding earning assets
  • 4.93%Net interest margin
  • 0.57%Noninterest income to earning assets
  • 2.50%Noninterest expense to earning assets
  • 1.75%Net operating income to assets
  • 1.75%Return on assets (ROA)
  • 2.63%Pretax return on assets
  • 20.56%Return on equity (ROE)
  • 15.81%Retained earnings to average equity (YTD only)
  • 0.08%Net charge-offs to loans
  • 335.35%Credit loss provision to net charge-offs
  • 42.87%Efficiency ratio
  • 45,471Assets per employee
  • 4.27%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 23.09%Loss allowance to loans
  • 1.32%Loss allowance to noncurrent loans
  • 2419.44%Noncurrent assets plus other real estate owned to assets
  • 0.07%Noncurrent loans to loans
  • 0.05%Net loans and leases to deposits
  • 120.38%Net loans and leases to core deposits
  • 136.46%Equity capital to assets
  • 8.81%Core capital (leverage) ratio
  • 8.88%Tier 1 risk-based capital ratio
  • 11.82%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $148,705Average earning assets
  • $12,639Average equity
  • $141,576Average loans

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