Citizens Bank of Northern Kentucky, Inc. in Newport, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

Citizens Bank of Northern Kentucky, Inc. - Overview

  • General
  • FDIC Certificate #: 33846
    Status: Active
    Federal Reserve ID: 2111553
    Bank Holding Company (Regulatory Top Holder): Farmers Capital Bank Corporation (RSSDID: 1098732, Location: Frankfort, KY)
    Date Established: October 12, 1993
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: No)
    OTS Docket #: 12793
    FDIC's unique #: 48154
    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: Commercial Lending Specialization
    Date of Deposit Insurance: October 12, 1993
    Last Structure Change Effective Date: Febuary 10, 2011
    Last Structure Change Process Date: Febuary 10, 2011
    Last Data Update: Febuary 10, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 103 Churchill Drive, Newport, KY 41071
    County: Campbell
    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): Cincinnati, OH-KY-IN (#1640)
    Consolidated Metropolitan Statistical Area (CMSA): Cincinnati-Hamilton, OH-KY-IN (#21)
    Combined Statistical Area (CSA): Cincinnati-Middletown-Wilmington, OH-KY-IN (#178)
    Core Based Statistical Area (CBSA): Cincinnati-Middletown, OH-KY-IN (#17140)
    CBSA Metro Statistical Area: Cincinnati-Middletown, OH-KY-IN (#17140)
  • Financial Summary
  • Total assets: $255.9 mil
    Equity capital: $23.1 mil
    Deposits held in domestic offices: $204.6 mil
    Return on assets (ROA): 0.30% ($0.8 mil)
    Quarterly return on assets: 0.55% ($1.4 mil)
    Return on Equity (ROE): 3.34% ($0.8 mil)
    Quarterly return on equity: 6.02% ($1.4 mil)
    Net income: $0.7 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.39% ($998.1 mil)
    Quarterly Pretax return on assets: 0.74% ($1,893.8 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
  • 69Total employees (full-time equivalent)
  • $255,922Total assets
  • $14,026Cash and due from depository institutions
  • $3,083Interest-bearing balances
  • $56,166Securities
  • $2,446Federal funds sold & reverse repurchase agreements
  • $167,012Net loans & leases
  • $2,942Loan loss allowance
  • $0Trading account assets
  • $7,112Bank premises and fixed assets
  • $1,078Other real estate owned
  • $626Goodwill and other intangibles
  • $255,922Life insurance assets
  • $7,456All other assets
  • $232,774Total liabilities and capital
  • $204,602Total liabilities
  • $184,204Total deposits
  • $204,602Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 22500.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,000Trading liabilities
  • $0Other borrowed funds
  • $2,672Subordinated debt
  • $23,148All other liabilities
  • $23,148Total equity capital
  • $23,148Total bank equity capital
  • $0Perpetual preferred stock
  • $2,477Common stock
  • $38,194Surplus
  • $-17,523Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,561Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,614Income earned, not collected on loans
  • $0Earning assets
  • $971Long-term assets (5+ years)
  • $228,707Average Assets, year-to-date
  • $58,652Average Assets, quarterly
  • $251,568Volatile liabilities
  • $252,855Insider loans
  • $176,136FHLB advances
  • $254,211Loans and leases held for sale
  • $4,218Unused loan commitments
  • $4,218Tier 1 (core) risk-based capital
  • $21,553Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $22,151Restructured Loans and leases
  • $3,033Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,119Total interest income
  • $2,751Total interest expense
  • $8,368Net interest income
  • $713Provision for loan and lease losses
  • $1,193Total noninterest income
  • $195Fiduciary activities
  • $644Service charges on deposit accounts
  • $0Trading account gains & fees
  • $354Additional noninterest income
  • $7,913Total noninterest expense
  • $3,110Salaries and employee benefits
  • $1,034Premises and equipment expense
  • $3,769Additional noninterest expense
  • $935Pre-tax net operating income
  • $57Securities gains (losses)
  • $244Applicable income taxes
  • $748Income before extraordinary items
  • $0Extraordinary gains - net
  • $748Net income attributable to bank
  • $0Net charge-offs
  • $748Cash dividends
  • $949Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.86%Yield on earning assets
  • 1.20%Cost of funding earning assets
  • 3.65%Net interest margin
  • 0.52%Noninterest income to earning assets
  • 3.46%Noninterest expense to earning assets
  • 0.28%Net operating income to assets
  • 0.30%Return on assets (ROA)
  • 0.39%Pretax return on assets
  • 3.34%Return on equity (ROE)
  • 3.34%Retained earnings to average equity (YTD only)
  • 0.55%Net charge-offs to loans
  • 75.13%Credit loss provision to net charge-offs
  • 1.74%Efficiency ratio
  • 80,169Assets per employee
  • 3.71%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.73%Loss allowance to noncurrent loans
  • 63.76%Noncurrent assets plus other real estate owned to assets
  • 2.22%Noncurrent loans to loans
  • 2.71%Net loans and leases to deposits
  • 81.63%Net loans and leases to core deposits
  • 85.00%Equity capital to assets
  • 9.04%Core capital (leverage) ratio
  • 8.48%Tier 1 risk-based capital ratio
  • 12.24%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $251,568Average earning assets
  • $22,374Average equity
  • $229,006Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $27,559Managed Assets
  • 1Number of Accounts
  • $27,225Personal trust and agency accounts
  • $10,420Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $5,985Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $10,820Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 72Number of Accounts
  • $0Personal trust and agency accounts
  • $5,015Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $334Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $268Fiduciary accounts held in foreign offices

List of branches

  • 8 Kentucky Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    048154Citizens Bank Of Northern Kentucky, Inc.103 Churchill Drive, Newport, KY 41071October 12, 1993Full Service Brick and Mortar
    1289974Bellevue Branch160 Fairfield Avenue, Bellevue, KY 41073June 03, 1996Full Service Brick and Mortar
    2289975Alexandria Branch7300 Alexandria Pike, Alexandria, KY 41001July 24, 1996Full Service Brick and Mortar
    3289976Highland Heights Branch2911 Alexandria Pike, Highland Heights, KY 41076December 28, 1998Full Service Brick and Mortar
    4356642Ft. Thomas Branch34 North Ft. Thomas Avenue, Fort Thomas, KY 41075April 04, 2000Full Service Brick and Mortar
    5453833Florence Branch8730 Us Highway 42, Florence, KY 41042July 05, 2005Full Service Brick and Mortar
    6465506Independence Branch2006 Patriot Way, Independence, KY 41051September 25, 2006Full Service Brick and Mortar
    7465507Crestview Hills Branch2774 Town Center Boulevard, Crestview Hills, KY 41017November 20, 2006Full Service Brick and Mortar

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