Citizens Commerce National Bank in Versailles, Kentucky (KY)



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Citizens Commerce National Bank routing number info

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Citizens Commerce National Bank
GeneralFDIC Certificate #: 34256
Status: Active
Federal Reserve ID: 2512347
Bank Holding Company (Regulatory Top Holder): Citizens Commerce Bancshares, Inc. (RSSDID: 2702278, Location: Versailles, KY)
Date Established: November 12, 1996
WWW: http://www.citizenscommerce.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 4 (Domestic: 4, Interstate: No)
FDIC's unique #: 57015
Numeric code: 3
Regulator: OCC
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: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: All Other Specialization < 1 Billion
Date of Deposit Insurance: November 12, 1996
Last Structure Change Effective Date: August 12, 2011
Last Structure Change Process Date: August 15, 2011
Last Data Update: August 15, 2011
Data Source Date: April 05, 2012
LocationAddress: 534 Marsailles Road, Versailles, KY 40383
County: Woodford
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: $235.8 mil
Equity capital: $8.3 mil
Deposits held in domestic offices: $192.1 mil
Return on assets (ROA): -0.82% (-$1.9 mil)
Quarterly return on assets: -0.20% (-$0.5 mil)
Return on Equity (ROE): -30.68% (-$2.5 mil)
Quarterly return on equity: -6.59% (-$0.5 mil)
Net income: -$2.1 mil
Quarterly Net income: -$0.1 mil
Pretax return on assets: -0.98% (-$2,311.3 mil)
Quarterly Pretax return on assets: -0.91% (-$2,146.2 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)
Total employees (full-time equivalent)70
Total assets$235,850
Cash and due from depository institutions$26,986
Interest-bearing balances$24,665
Securities$63,767
Federal funds sold & reverse repurchase agreements$655
Net loans & leases$127,110
Loan loss allowance $5,660
Trading account assets$0
Bank premises and fixed assets$5,142
Other real estate owned$6,672
Goodwill and other intangibles$4
All other assets$5,514
Life insurance assets$235,850
Total liabilities and capital$227,591
Total liabilities$192,147
Total deposits$178,244
Interest-bearing deposits$192,147
Deposits held in domestic offices$94
% insured (estimated)5048.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$28,485
Other borrowed funds $0
Subordinated debt $1,911
All other liabilities $8,259
Total equity capital$8,259
Total bank equity capital$8,259
Perpetual preferred stock$0
Common stock$2,875
Surplus$18,510
Undivided profits $-13,126
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $337
Income earned, not collected on loans $20,600
Earning assets $230
Long-term assets (5+ years) $1,363
Average Assets, year-to-date $216,197
Average Assets, quarterly $90,844
Volatile liabilities $261,847
Insider loans $240,311
FHLB advances $129,704
Loans and leases held for sale $236,817
Unused loan commitments $1,734
Tier 1 (core) risk-based capital $1,734
Tier 2 risk-based capital $8,482
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $17,686
Derivatives$543
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $11,074
Total interest expense $3,562
Net interest income $7,512
Provision for loan and lease losses $1,940
Total noninterest income $1,774
Fiduciary activities $0
Service charges on deposit accounts $643
Trading account gains & fees $0
Additional noninterest income $1,131
Total noninterest expense $10,782
Salaries and employee benefits $4,125
Premises and equipment expense $831
Additional noninterest expense $5,826
Pre-tax net operating income -$3,436
Securities gains (losses) $869
Applicable income taxes -$424
Income before extraordinary items -$2,143
Extraordinary gains - net $0
Net income attributable to bank -$2,143
Net charge-offs $0
Cash dividends -$2,143
Sale, conversion, retirement of capital stock, net $4,098
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.62%
Cost of funding earning assets 1.49%
Net interest margin 3.13%
Noninterest income to earning assets 0.74%
Noninterest expense to earning assets 4.50%
Net operating income to assets -1.09%
Return on assets (ROA) -0.82%
Pretax return on assets -0.98%
Return on equity (ROE) -30.68%
Retained earnings to average equity (YTD only) -30.68%
Net charge-offs to loans 2.50%
Credit loss provision to net charge-offs 47.34%
Efficiency ratio-0.37%
Assets per employee$116,110
Cash dividends to net income (YTD only)3.37%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 4.26%
Noncurrent assets plus other real estate owned to assets 27.48%
Noncurrent loans to loans 11.56%
Net loans and leases to deposits15.52%
Net loans and leases to core deposits 66.15%
Equity capital to assets 69.59%
Core capital (leverage) ratio 3.50%
Tier 1 risk-based capital ratio 3.58%
Total risk-based capital ratio 6.54%
Memoranda
Average assets$8
Average earning assets$261,847
Average equity $6,986
Average loans $239,803
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4 Kentucky Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
057015Citizens Commerce National Bank534 Marsailles Road, Versailles, KY 40383November 12, 1996Full Service Brick and Mortar
1290507Versailles Branch231 South Main Street, Versailles, KY 40383August 30, 1999Full Service Brick and Mortar
2468293Equine Way Branch108 Sea Hero Road, Frankfort, KY 40601August 27, 2007Full Service Brick and Mortar
3493072Nicholasville Branch506 North Main Street, Suite 100, Nicholasville, KY 40356April 01, 2009Full Service Brick and Mortar
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