Citizens Bank in Georgetown, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 24, 2004

  • Citizens Bank in Georgetown, Kentucky (KY)
  • Show street view No street view available for this location

Citizens Bank - Overview

  • General
  • FDIC Certificate #: 27240
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The Farmers Bank and Trust Company of Georgetown, Kentucky (#10136)
    Federal Reserve ID: 1187896
    Date Established: May 16, 1988
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Interstate: No)
    OTS Docket #: 12360
    FDIC's unique #: 39180
    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 16, 1988
    Last Structure Change Effective Date: October 24, 2004
    Last Structure Change Process Date: November 10, 2004
    Last Data Update: November 10, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 120 North Hamilton Street, Georgetown, KY 40324
    County: Scott
    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
    Metropolitan Statistical Area (MSA): Lexington, KY (#4280)
    Combined Statistical Area (CSA): Lexington-Fayette-Frankfort-Richmond, KY (#336)
    Core Based Statistical Area (CBSA): Lexington-Fayette, KY (#30460)
    CBSA Metro Statistical Area: Lexington-Fayette, KY (#30460)
  • Financial Summary
  • Total assets: $79.7 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, 2003)

  • Dollar figures in thousands
  • 47Total employees (full-time equivalent)
  • $79,163Total assets
  • $5,299Cash and due from depository institutions
  • $25Interest-bearing balances
  • $12,082Securities
  • $1,167Federal funds sold & reverse repurchase agreements
  • $53,886Net loans & leases
  • $2,164Loan loss allowance
  • $0Trading account assets
  • $3,026Bank premises and fixed assets
  • $913Other real estate owned
  • $228Goodwill and other intangibles
  • $0Life insurance assets
  • $2,562All other assets
  • $79,163Total liabilities and capital
  • $71,396Total liabilities
  • $65,486Total deposits
  • $55,613Interest-bearing deposits
  • $65,486Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $347Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $5,255Other borrowed funds
  • $0Subordinated debt
  • $308All other liabilities
  • $7,767Total equity capital
  • $7,767Total bank equity capital
  • $7,767Perpetual preferred stock
  • $0Common stock
  • $750Surplus
  • $5,700Undivided profits
  • Memoranda
  • $1,317Noncurrent loans and leases
  • $7,181Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,399Earning assets
  • $401Long-term assets (5+ years)
  • $714Average Assets, year-to-date
  • $67,160Average Assets, quarterly
  • $8,458Volatile liabilities
  • $81,773Insider loans
  • $79,603FHLB advances
  • $16,524Loans and leases held for sale
  • $2,335Unused loan commitments
  • $5,255Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $7,181Total unused commitments
  • $46Restructured Loans and leases
  • $706Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $4,643Total interest income
  • $1,874Total interest expense
  • $2,769Net interest income
  • $240Provision for loan and lease losses
  • $904Total noninterest income
  • $0Fiduciary activities
  • $717Service charges on deposit accounts
  • $0Trading account gains & fees
  • $187Additional noninterest income
  • $3,562Total noninterest expense
  • $1,789Salaries and employee benefits
  • $522Premises and equipment expense
  • $1,251Additional noninterest expense
  • -$129Pre-tax net operating income
  • $2Securities gains (losses)
  • -$47Applicable income taxes
  • -$80Income before extraordinary items
  • $0Extraordinary gains - net
  • -$80Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $761Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.53%Yield on earning assets
  • 2.64%Cost of funding earning assets
  • 3.90%Net interest margin
  • 1.27%Noninterest income to earning assets
  • 5.01%Noninterest expense to earning assets
  • -0.10%Net operating income to assets
  • -0.10%Return on assets (ROA)
  • -0.16%Pretax return on assets
  • -1.03%Return on equity (ROE)
  • -1.03%Retained earnings to average equity (YTD only)
  • 1.33%Net charge-offs to loans
  • 31.54%Credit loss provision to net charge-offs
  • 0.15%Efficiency ratio
  • 96,978Assets per employee
  • 1.68%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.86%Loss allowance to noncurrent loans
  • 90.20%Noncurrent assets plus other real estate owned to assets
  • 4.18%Noncurrent loans to loans
  • 4.28%Net loans and leases to deposits
  • 82.29%Net loans and leases to core deposits
  • 109.28%Equity capital to assets
  • 9.81%Core capital (leverage) ratio
  • 8.70%Tier 1 risk-based capital ratio
  • 12.42%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $81,773Average earning assets
  • $7,801Average equity
  • $71,059Average loans

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