Bank of Ashland, Inc. in Ashland, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 17, 1999

Bank of Ashland, Inc. in Ashland, Kentucky (KY)
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Bank of Ashland, Inc. - Overview

General
FDIC Certificate #: 19588
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Fifth Third Bank, Ohio Valley (#13226)
Federal Reserve ID: 187910
Date Established: May 23, 1966
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 6 (Interstate: No)
OTS Docket #: 10847
FDIC's unique #: 13387
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: May 23, 1966
Last Structure Change Effective Date: April 17, 1999
Last Structure Change Process Date: June 23, 1999
Last Data Update: June 23, 1999
Data Source Date: April 05, 2012
Location
Address: 1422 Winchester Avenue, Ashland, KY 41101
County: Boyd
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
Metropolitan Statistical Area (MSA): Huntington-Ashland, WV-KY-OH (#3400)
Core Based Statistical Area (CBSA): Huntington-Ashland, WV-KY-OH (#26580)
CBSA Metro Statistical Area: Huntington-Ashland, WV-KY-OH (#26580)
Financial Summary
Total assets: $167.7 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, 1998)

Dollar figures in thousands
75Total employees (full-time equivalent)
$167,524Total assets
$4,871Cash and due from depository institutions
$29Interest-bearing balances
$53,409Securities
$2,850Federal funds sold & reverse repurchase agreements
$102,709Net loans & leases
$1,461Loan loss allowance
$0Trading account assets
$1,919Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,766All other assets
$167,524Total liabilities and capital
$145,604Total liabilities
$141,395Total deposits
$123,585Interest-bearing deposits
$141,395Deposits held in domestic offices
0.00%% insured (estimated)
$1,964Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,298Other borrowed funds
$0Subordinated debt
$947All other liabilities
$21,920Total equity capital
$21,920Total bank equity capital
$21,920Perpetual preferred stock
$0Common stock
$1,365Surplus
$4,776Undivided profits
Memoranda
$15,779Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$354Earning assets
$0Long-term assets (5+ years)
$533Average Assets, year-to-date
$158,997Average Assets, quarterly
$55,657Volatile liabilities
$163,426Insider loans
$165,499FHLB advances
$23,846Loans and leases held for sale
$4,329Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,896Total unused commitments
$0Restructured Loans and leases
$109,878Derivatives

Income and Expense (December 31, 1998)

Dollar figures in thousands
$12,419Total interest income
$5,184Total interest expense
$7,235Net interest income
$205Provision for loan and lease losses
$1,480Total noninterest income
$422Fiduciary activities
$825Service charges on deposit accounts
$0Trading account gains & fees
$233Additional noninterest income
$4,790Total noninterest expense
$2,652Salaries and employee benefits
$580Premises and equipment expense
$1,558Additional noninterest expense
$3,720Pre-tax net operating income
$22Securities gains (losses)
$855Applicable income taxes
$2,887Income before extraordinary items
$0Extraordinary gains - net
$2,887Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$213Sale, conversion, retirement of capital stock, net
$904Net operating income

Performance and Condition Ratios (December 31, 1998)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.04%Yield on earning assets
3.36%Cost of funding earning assets
4.69%Net interest margin
0.96%Noninterest income to earning assets
3.10%Noninterest expense to earning assets
1.76%Net operating income to assets
1.77%Return on assets (ROA)
2.29%Pretax return on assets
13.82%Return on equity (ROE)
9.50%Retained earnings to average equity (YTD only)
0.21%Net charge-offs to loans
96.24%Credit loss provision to net charge-offs
18.43%Efficiency ratio
54,963Assets per employee
2.23%Cash dividends to net income (YTD only)
Condition Ratios (%)
31.31%Loss allowance to loans
1.40%Loss allowance to noncurrent loans
412.71%Noncurrent assets plus other real estate owned to assets
0.21%Noncurrent loans to loans
0.34%Net loans and leases to deposits
72.64%Net loans and leases to core deposits
85.47%Equity capital to assets
13.08%Core capital (leverage) ratio
13.33%Tier 1 risk-based capital ratio
19.82%Total risk-based capital ratio
Memoranda
$21Average assets
$163,426Average earning assets
$20,884Average equity
$154,405Average loans

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