Bank of McCreary County in Whitley City, Kentucky (KY)



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Bank of McCreary County routing number info

Table of contents:
Bank of McCreary County
GeneralFDIC 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
WWW: http://www.bomconline.com
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
LocationAddress: 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 ChangesChange in Location
Merge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)48
Total assets$134,880
Cash and due from depository institutions$10,036
Interest-bearing balances$5,730
Securities$21,379
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$97,250
Loan loss allowance $2,045
Trading account assets$0
Bank premises and fixed assets$2,780
Other real estate owned$1,537
Goodwill and other intangibles$0
All other assets$1,898
Life insurance assets$134,880
Total liabilities and capital$119,250
Total liabilities$103,132
Total deposits$84,576
Interest-bearing deposits$103,132
Deposits held in domestic offices$96
% insured (estimated)7313.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$8,455
Other borrowed funds $0
Subordinated debt $350
All other liabilities $15,630
Total equity capital$15,630
Total bank equity capital$15,630
Perpetual preferred stock$0
Common stock$250
Surplus$4,000
Undivided profits $11,380
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $3,396
Earning assets $535
Long-term assets (5+ years) $611
Average Assets, year-to-date $124,359
Average Assets, quarterly $34,795
Volatile liabilities $138,760
Insider loans $136,643
FHLB advances $88,397
Loans and leases held for sale $135,613
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $15,485
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $6,673
Derivatives$5,019
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $7,079
Total interest expense $1,505
Net interest income $5,574
Provision for loan and lease losses $970
Total noninterest income $1,192
Fiduciary activities $0
Service charges on deposit accounts $803
Trading account gains & fees $0
Additional noninterest income $389
Total noninterest expense $4,655
Salaries and employee benefits $2,258
Premises and equipment expense $744
Additional noninterest expense $1,653
Pre-tax net operating income $1,141
Securities gains (losses) -$1
Applicable income taxes $0
Income before extraordinary items $1,140
Extraordinary gains - net $0
Net income attributable to bank $1,140
Net charge-offs $0
Cash dividends $1,140
Sale, conversion, retirement of capital stock, net $444
Net operating income $400
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.53%
Cost of funding earning assets 1.18%
Net interest margin 4.35%
Noninterest income to earning assets 0.93%
Noninterest expense to earning assets 3.64%
Net operating income to assets 0.82%
Return on assets (ROA) 0.82%
Pretax return on assets 0.82%
Return on equity (ROE) 7.43%
Retained earnings to average equity (YTD only) 4.82%
Net charge-offs to loans 0.44%
Credit loss provision to net charge-offs 218.47%
Efficiency ratio4.75%
Assets per employee$68,800
Cash dividends to net income (YTD only)2.81%
Condition Ratios (%)
Loss allowance to loans 35.09%
Loss allowance to noncurrent loans 2.06%
Noncurrent assets plus other real estate owned to assets 60.22%
Noncurrent loans to loans 3.66%
Net loans and leases to deposits3.42%
Net loans and leases to core deposits 94.30%
Equity capital to assets 97.78%
Core capital (leverage) ratio 11.59%
Tier 1 risk-based capital ratio 11.42%
Total risk-based capital ratio 17.52%
Memoranda
Average assets$19
Average earning assets$138,760
Average equity $15,339
Average loans $128,031
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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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