Bank of McCreary County in Whitley City, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

Bank of McCreary County - Overview

  • General
  • FDIC Certificate #: 303
    Status: Active
    Federal Reserve ID: 425818
    Bank Holding Company (Regulatory Top Holder): Mccreary Bancshares Inc. (RSSDID: 1071342, Location: Whitley City, KY)
    Date Established: January 01, 1906
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 11755
    FDIC's unique #: 242
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 47 South Main Street, Whitley City, KY 42653
    County: Mccreary
    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
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $134.9 mil
    Equity capital: $15.6 mil
    Deposits held in domestic offices: $103.1 mil
    Return on assets (ROA): 0.82% ($1.1 mil)
    Quarterly return on assets: 0.84% ($1.1 mil)
    Return on Equity (ROE): 7.43% ($1.2 mil)
    Quarterly return on equity: 7.32% ($1.2 mil)
    Net income: $1.1 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.82% ($1,106.0 mil)
    Quarterly Pretax return on assets: 0.84% ($1,133.0 mil)

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

2000 - 2011 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, 2011)

  • Dollar figures in thousands
  • 48Total employees (full-time equivalent)
  • $134,880Total assets
  • $10,036Cash and due from depository institutions
  • $5,730Interest-bearing balances
  • $21,379Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $97,250Net loans & leases
  • $2,045Loan loss allowance
  • $0Trading account assets
  • $2,780Bank premises and fixed assets
  • $1,537Other real estate owned
  • $0Goodwill and other intangibles
  • $134,880Life insurance assets
  • $1,898All other assets
  • $119,250Total liabilities and capital
  • $103,132Total liabilities
  • $84,576Total deposits
  • $103,132Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 7313.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $8,455Trading liabilities
  • $0Other borrowed funds
  • $350Subordinated debt
  • $15,630All other liabilities
  • $15,630Total equity capital
  • $15,630Total bank equity capital
  • $0Perpetual preferred stock
  • $250Common stock
  • $4,000Surplus
  • $11,380Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,396Income earned, not collected on loans
  • $535Earning assets
  • $611Long-term assets (5+ years)
  • $124,359Average Assets, year-to-date
  • $34,795Average Assets, quarterly
  • $138,760Volatile liabilities
  • $136,643Insider loans
  • $88,397FHLB advances
  • $135,613Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $15,485Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,673Restructured Loans and leases
  • $5,019Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,079Total interest income
  • $1,505Total interest expense
  • $5,574Net interest income
  • $970Provision for loan and lease losses
  • $1,192Total noninterest income
  • $0Fiduciary activities
  • $803Service charges on deposit accounts
  • $0Trading account gains & fees
  • $389Additional noninterest income
  • $4,655Total noninterest expense
  • $2,258Salaries and employee benefits
  • $744Premises and equipment expense
  • $1,653Additional noninterest expense
  • $1,141Pre-tax net operating income
  • -$1Securities gains (losses)
  • $0Applicable income taxes
  • $1,140Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,140Net income attributable to bank
  • $0Net charge-offs
  • $1,140Cash dividends
  • $444Sale, conversion, retirement of capital stock, net
  • $400Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.53%Yield on earning assets
  • 1.18%Cost of funding earning assets
  • 4.35%Net interest margin
  • 0.93%Noninterest income to earning assets
  • 3.64%Noninterest expense to earning assets
  • 0.82%Net operating income to assets
  • 0.82%Return on assets (ROA)
  • 0.82%Pretax return on assets
  • 7.43%Return on equity (ROE)
  • 4.82%Retained earnings to average equity (YTD only)
  • 0.44%Net charge-offs to loans
  • 218.47%Credit loss provision to net charge-offs
  • 4.75%Efficiency ratio
  • 68,800Assets per employee
  • 2.81%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 35.09%Loss allowance to loans
  • 2.06%Loss allowance to noncurrent loans
  • 60.22%Noncurrent assets plus other real estate owned to assets
  • 3.66%Noncurrent loans to loans
  • 3.42%Net loans and leases to deposits
  • 94.30%Net loans and leases to core deposits
  • 97.78%Equity capital to assets
  • 11.59%Core capital (leverage) ratio
  • 11.42%Tier 1 risk-based capital ratio
  • 17.52%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $138,760Average earning assets
  • $15,339Average equity
  • $128,031Average loans

List of branches

  • 3 Kentucky Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0242Bank Of Mccreary County47 South Main Street, Whitley City, KY 42653January 01, 1906Full Service Brick and Mortar
    1181479Pine Knot BranchU.S. Highway 27s, Pine Knot, KY 42635June 12, 1967Full Service Brick and Mortar
    2181480North Side BranchU.S. Highway 27, Marshes Siding, KY 42631August 04, 1980Full Service Brick and Mortar

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