Calvert Bank in Calvert City, Kentucky (KY)



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Calvert Bank
GeneralFDIC Certificate #: 8125
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Community Financial Services Bank (#287)
Federal Reserve ID: 976141
Date Established: October 01, 1908
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
OTS Docket #: 13219
FDIC's unique #: 5174
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: January 01, 1934
Last Structure Change Effective Date: July 13, 2001
Last Structure Change Process Date: July 19, 2001
Last Data Update: July 19, 2001
Data Source Date: April 05, 2012
LocationAddress: Fifth And Cedar Streets, Calvert City, KY 42029
County: Marshall
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Dallas
FDIC Field Office: Hopkinsville
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Southeast
Financial SummaryTotal assets: $63.8 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, 2000)
(Dollar figures in thousands)
Total employees (full-time equivalent)14
Total assets$66,341
Cash and due from depository institutions$1,396
Interest-bearing balances$5
Securities$14,546
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$48,944
Loan loss allowance $583
Trading account assets$0
Bank premises and fixed assets$754
Other real estate owned$122
Goodwill and other intangibles$0
All other assets$579
Life insurance assets$0
Total liabilities and capital$66,341
Total liabilities$60,888
Total deposits$56,669
Interest-bearing deposits$49,378
Deposits held in domestic offices$56,669
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $2,409
Trading liabilities$0
Other borrowed funds $1,450
Subordinated debt $0
All other liabilities $360
Total equity capital$5,453
Total bank equity capital$5,453
Perpetual preferred stock$5,453
Common stock$0
Surplus$150
Undivided profits $1,450
Memoranda
Noncurrent loans and leases $3,853
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $3,011
Income earned, not collected on loans $0
Earning assets $172
Long-term assets (5+ years) $0
Average Assets, year-to-date $339
Average Assets, quarterly $63,495
Volatile liabilities $9,673
Insider loans $65,191
FHLB advances $66,153
Loans and leases held for sale $10,725
Unused loan commitments $797
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $3,011
Restructured Loans and leases $0
Derivatives$542
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Income and Expense (December 31, 2000)
(Dollar figures in thousands)
Total interest income $5,559
Total interest expense $2,741
Net interest income $2,818
Provision for loan and lease losses $215
Total noninterest income $359
Fiduciary activities $0
Service charges on deposit accounts $261
Trading account gains & fees $0
Additional noninterest income $98
Total noninterest expense $1,848
Salaries and employee benefits $584
Premises and equipment expense $259
Additional noninterest expense $1,005
Pre-tax net operating income $1,114
Securities gains (losses) $0
Applicable income taxes $333
Income before extraordinary items $781
Extraordinary gains - net $0
Net income attributable to bank $781
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $130
Net operating income $75
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Performance and Condition Ratios (December 31, 2000)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets8.96%
Cost of funding earning assets 4.42%
Net interest margin 4.54%
Noninterest income to earning assets 0.58%
Noninterest expense to earning assets 2.98%
Net operating income to assets 1.20%
Return on assets (ROA) 1.20%
Pretax return on assets 1.71%
Return on equity (ROE) 16.04%
Retained earnings to average equity (YTD only) 14.50%
Net charge-offs to loans 0.27%
Credit loss provision to net charge-offs 165.38%
Efficiency ratio10.22%
Assets per employee$58,168
Cash dividends to net income (YTD only)4.74%
Condition Ratios (%)
Loss allowance to loans 9.60%
Loss allowance to noncurrent loans 1.18%
Noncurrent assets plus other real estate owned to assets 338.95%
Noncurrent loans to loans 0.44%
Net loans and leases to deposits0.35%
Net loans and leases to core deposits 86.37%
Equity capital to assets 98.28%
Core capital (leverage) ratio 8.22%
Tier 1 risk-based capital ratio 8.10%
Total risk-based capital ratio 12.35%
Memoranda
Average assets$14
Average earning assets$65,191
Average equity $4,869
Average loans $62,021
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