Bank of the Mountains, Inc. in West Liberty, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches


Bank of the Mountains, Inc. - Overview

  • General
  • FDIC Certificate #: 21219
    Status: Active
    Federal Reserve ID: 422116
    Bank Holding Company (Regulatory Top Holder): Mountain Bancorp, Inc. (RSSDID: 1071249, Location: West Liberty, KY)
    Date Established: September 15, 1973
    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 #: 9926
    FDIC's unique #: 14673
    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: No
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: September 15, 1973
    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: Main And Court Streets, West Liberty, KY 41472
    County: Morgan
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $63.4 mil
    Equity capital: $6.7 mil
    Deposits held in domestic offices: $54.7 mil
    Return on assets (ROA): 0.52% ($0.3 mil)
    Quarterly return on assets: 0.24% ($0.2 mil)
    Return on Equity (ROE): 4.80% ($0.3 mil)
    Quarterly return on equity: 2.28% ($0.2 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.75% ($475.2 mil)
    Quarterly Pretax return on assets: 0.60% ($380.2 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
  • 29Total employees (full-time equivalent)
  • $63,360Total assets
  • $2,595Cash and due from depository institutions
  • $252Interest-bearing balances
  • $7,318Securities
  • $1,475Federal funds sold & reverse repurchase agreements
  • $45,972Net loans & leases
  • $773Loan loss allowance
  • $0Trading account assets
  • $1,704Bank premises and fixed assets
  • $1,090Other real estate owned
  • $0Goodwill and other intangibles
  • $63,360Life insurance assets
  • $3,206All other assets
  • $56,695Total liabilities and capital
  • $54,705Total liabilities
  • $40,037Total deposits
  • $54,705Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,747Trading liabilities
  • $0Other borrowed funds
  • $243Subordinated debt
  • $6,665All other liabilities
  • $6,665Total equity capital
  • $6,665Total bank equity capital
  • $0Perpetual preferred stock
  • $191Common stock
  • $1,160Surplus
  • $5,314Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $759Income earned, not collected on loans
  • $0Earning assets
  • $440Long-term assets (5+ years)
  • $55,017Average Assets, year-to-date
  • $7,232Average Assets, quarterly
  • $61,689Volatile liabilities
  • $62,894Insider loans
  • $43,832FHLB advances
  • $62,863Loans and leases held for sale
  • $2,046Unused loan commitments
  • $2,046Tier 1 (core) risk-based capital
  • $6,562Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,704Restructured Loans and leases
  • $282Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,652Total interest income
  • $525Total interest expense
  • $3,127Net interest income
  • $136Provision for loan and lease losses
  • $2,016Total noninterest income
  • $0Fiduciary activities
  • $389Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,627Additional noninterest income
  • $4,543Total noninterest expense
  • $1,609Salaries and employee benefits
  • $451Premises and equipment expense
  • $2,483Additional noninterest expense
  • $464Pre-tax net operating income
  • $0Securities gains (losses)
  • $144Applicable income taxes
  • $320Income before extraordinary items
  • $0Extraordinary gains - net
  • $320Net income attributable to bank
  • $0Net charge-offs
  • $320Cash dividends
  • $196Sale, conversion, retirement of capital stock, net
  • $397Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.85%Yield on earning assets
  • 0.98%Cost of funding earning assets
  • 5.86%Net interest margin
  • 3.78%Noninterest income to earning assets
  • 8.52%Noninterest expense to earning assets
  • 0.52%Net operating income to assets
  • 0.52%Return on assets (ROA)
  • 0.75%Pretax return on assets
  • 4.80%Return on equity (ROE)
  • -1.16%Retained earnings to average equity (YTD only)
  • 0.43%Net charge-offs to loans
  • 69.39%Credit loss provision to net charge-offs
  • 3.06%Efficiency ratio
  • 88,334Assets per employee
  • 2.18%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 124.06%Loss allowance to loans
  • 1.65%Loss allowance to noncurrent loans
  • 101.84%Noncurrent assets plus other real estate owned to assets
  • 2.92%Noncurrent loans to loans
  • 1.62%Net loans and leases to deposits
  • 84.04%Net loans and leases to core deposits
  • 92.20%Equity capital to assets
  • 10.52%Core capital (leverage) ratio
  • 10.44%Tier 1 risk-based capital ratio
  • 14.97%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $61,689Average earning assets
  • $6,661Average equity
  • $53,348Average loans

List of branches

  • 3 Kentucky Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    014673Bank Of The Mountains, Inc.Main And Court Streets, West Liberty, KY 41472September 15, 1973Full Service Brick and Mortar
    1252471Ezel Banking BranchU.S. Highway 460, Ezel Parkway, Ezel, KY 41425November 21, 1983Full Service Brick and Mortar
    2252472Index Banking BranchU.S. Highway 460, Index, KY 41472July 01, 1989Full Service Brick and Mortar

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