Citizens Bank of Jessamine County in Nicholasville, Kentucky (KY)



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Citizens Bank of Jessamine County
GeneralFDIC Certificate #: 34195
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: United Bank & Trust Company (#15608)
Federal Reserve ID: 2480512
Date Established: July 05, 1996
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 4 (Interstate: No)
FDIC's unique #: 56853
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: July 05, 1996
Last Structure Change Effective Date: November 01, 2008
Last Structure Change Process Date: January 06, 2009
Last Data Update: January 06, 2009
Data Source Date: April 05, 2012
LocationAddress: 201 North Main Street, Nicholasville, KY 40356
County: Jessamine
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 SummaryTotal assets: $219.1 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, 2007)
(Dollar figures in thousands)
Total employees (full-time equivalent)41
Total assets$218,470
Cash and due from depository institutions$5,096
Interest-bearing balances$0
Securities$48,007
Federal funds sold & reverse repurchase agreements$11,835
Net loans & leases$125,601
Loan loss allowance $1,341
Trading account assets$0
Bank premises and fixed assets$4,161
Other real estate owned$1,242
Goodwill and other intangibles$17,846
All other assets$4,682
Life insurance assets$0
Total liabilities and capital$218,470
Total liabilities$188,069
Total deposits$147,278
Interest-bearing deposits$126,654
Deposits held in domestic offices$147,278
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $32,042
Trading liabilities$0
Other borrowed funds $5,000
Subordinated debt $0
All other liabilities $3,749
Total equity capital$30,401
Total bank equity capital$30,401
Perpetual preferred stock$30,401
Common stock$0
Surplus$2,136
Undivided profits $27,908
Memoranda
Noncurrent loans and leases $357
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $17,859
Income earned, not collected on loans $0
Earning assets $890
Long-term assets (5+ years) $0
Average Assets, year-to-date $2,530
Average Assets, quarterly $185,443
Volatile liabilities $52,753
Insider loans $187,038
FHLB advances $202,752
Loans and leases held for sale $69,224
Unused loan commitments $1,066
Tier 1 (core) risk-based capital $5,000
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $17,859
Restructured Loans and leases $0
Derivatives$1,341
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Income and Expense (December 31, 2007)
(Dollar figures in thousands)
Total interest income $11,232
Total interest expense $5,411
Net interest income $5,821
Provision for loan and lease losses $427
Total noninterest income $1,516
Fiduciary activities $0
Service charges on deposit accounts $1,387
Trading account gains & fees $0
Additional noninterest income $129
Total noninterest expense $5,847
Salaries and employee benefits $2,232
Premises and equipment expense $674
Additional noninterest expense $2,941
Pre-tax net operating income $1,063
Securities gains (losses) $0
Applicable income taxes $341
Income before extraordinary items $722
Extraordinary gains - net $0
Net income attributable to bank $722
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $330
Net operating income $579
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Performance and Condition Ratios (December 31, 2007)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets7.27%
Cost of funding earning assets 3.50%
Net interest margin 3.77%
Noninterest income to earning assets 0.98%
Noninterest expense to earning assets 3.78%
Net operating income to assets 0.39%
Return on assets (ROA) 0.39%
Pretax return on assets 0.57%
Return on equity (ROE) 2.39%
Retained earnings to average equity (YTD only) 0.47%
Net charge-offs to loans 0.27%
Credit loss provision to net charge-offs 129.39%
Efficiency ratio4.52%
Assets per employee$66,553
Cash dividends to net income (YTD only)5.33%
Condition Ratios (%)
Loss allowance to loans 80.19%
Loss allowance to noncurrent loans 1.06%
Noncurrent assets plus other real estate owned to assets 150.67%
Noncurrent loans to loans 0.98%
Net loans and leases to deposits0.70%
Net loans and leases to core deposits 85.28%
Equity capital to assets 114.08%
Core capital (leverage) ratio 13.92%
Tier 1 risk-based capital ratio 6.85%
Total risk-based capital ratio 9.59%
Memoranda
Average assets$11
Average earning assets$187,038
Average equity $30,174
Average loans $154,592
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