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

This bank is inactive as of October 23, 2000

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

Citizens Bank - Overview

  • General
  • FDIC Certificate #: 8788
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Citizens Bank (#27240)
    Federal Reserve ID: 334611
    Date Established: January 01, 1904
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    OTS Docket #: 14222
    FDIC's unique #: 5596
    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: October 23, 2000
    Last Structure Change Process Date: December 27, 2000
    Last Data Update: December 27, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 648 Main Street, Sharpsburg, KY 40374
    County: Bath
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Lexington
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Southeast
    Combined Statistical Area (CSA): Lexington-Fayette-Frankfort-Richmond, KY (#336)
    Core Based Statistical Area (CBSA): Mount Sterling, KY (#34460)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $49.8 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, 1999)

  • Dollar figures in thousands
  • 24Total employees (full-time equivalent)
  • $46,306Total assets
  • $4,538Cash and due from depository institutions
  • $2,324Interest-bearing balances
  • $1,541Securities
  • $950Federal funds sold & reverse repurchase agreements
  • $37,257Net loans & leases
  • $525Loan loss allowance
  • $0Trading account assets
  • $726Bank premises and fixed assets
  • $0Other real estate owned
  • $247Goodwill and other intangibles
  • $0Life insurance assets
  • $1,047All other assets
  • $46,306Total liabilities and capital
  • $42,212Total liabilities
  • $41,317Total deposits
  • $35,862Interest-bearing deposits
  • $41,317Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $405Other borrowed funds
  • $0Subordinated debt
  • $490All other liabilities
  • $4,094Total equity capital
  • $4,094Total bank equity capital
  • $4,094Perpetual preferred stock
  • $0Common stock
  • $40Surplus
  • $2,461Undivided profits
  • Memoranda
  • $1,593Noncurrent loans and leases
  • $2,526Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $693Earning assets
  • $0Long-term assets (5+ years)
  • $875Average Assets, year-to-date
  • $42,072Average Assets, quarterly
  • $5,006Volatile liabilities
  • $41,877Insider loans
  • $45,126FHLB advances
  • $8,096Loans and leases held for sale
  • $246Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,526Total unused commitments
  • $0Restructured Loans and leases
  • $418Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $3,796Total interest income
  • $1,763Total interest expense
  • $2,033Net interest income
  • $115Provision for loan and lease losses
  • $358Total noninterest income
  • $0Fiduciary activities
  • $128Service charges on deposit accounts
  • $0Trading account gains & fees
  • $230Additional noninterest income
  • $1,003Total noninterest expense
  • $556Salaries and employee benefits
  • $132Premises and equipment expense
  • $315Additional noninterest expense
  • $1,273Pre-tax net operating income
  • $0Securities gains (losses)
  • $437Applicable income taxes
  • $836Income before extraordinary items
  • $0Extraordinary gains - net
  • $836Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $144Sale, conversion, retirement of capital stock, net
  • $550Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 9.72%Yield on earning assets
  • 4.51%Cost of funding earning assets
  • 5.21%Net interest margin
  • 0.92%Noninterest income to earning assets
  • 2.57%Noninterest expense to earning assets
  • 2.00%Net operating income to assets
  • 2.00%Return on assets (ROA)
  • 3.04%Pretax return on assets
  • 21.18%Return on equity (ROE)
  • 7.25%Retained earnings to average equity (YTD only)
  • 0.41%Net charge-offs to loans
  • 79.86%Credit loss provision to net charge-offs
  • 9.64%Efficiency ratio
  • 41,071Assets per employee
  • 1.93%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 65.79%Loss allowance to loans
  • 1.39%Loss allowance to noncurrent loans
  • 75.76%Noncurrent assets plus other real estate owned to assets
  • 1.50%Noncurrent loans to loans
  • 1.83%Net loans and leases to deposits
  • 90.17%Net loans and leases to core deposits
  • 112.15%Equity capital to assets
  • 8.84%Core capital (leverage) ratio
  • 8.74%Tier 1 risk-based capital ratio
  • 11.57%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $41,877Average earning assets
  • $3,947Average equity
  • $39,058Average loans

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