Commercial Bank in Middlesboro, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 1997

Commercial Bank in Middlesboro, Kentucky (KY)
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Commercial Bank - Overview

General
FDIC Certificate #: 274
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Community Trust Bank, Inc. (#2720)
Federal Reserve ID: 656911
Date Established: Febuary 21, 1931
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Interstate: No)
OTS Docket #: 11478
FDIC's unique #: 219
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: January 01, 1997
Last Structure Change Process Date: January 13, 1997
Last Data Update: January 13, 1997
Data Source Date: April 05, 2012
Location
Address: 1918 Cumberland Avenue, Middlesboro, KY 40965
County: Bell
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Chicago
FDIC Field Office: Knoxville
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Southeast
Core Based Statistical Area (CBSA): Middlesborough, KY (#33180)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $101.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$44Total assets
$101,114Cash and due from depository institutions
$3,744Interest-bearing balances
$9Securities
$20,666Federal funds sold & reverse repurchase agreements
$5,620Net loans & leases
$61,273Loan loss allowance
$984Trading account assets
$0Bank premises and fixed assets
$3,996Other real estate owned
$71Goodwill and other intangibles
$902Life insurance assets
$4,842All other assets
$0Total liabilities and capital
$101,114Total liabilities
$88,239Total deposits
$86,591Interest-bearing deposits
$75,106Deposits held in domestic offices
86591.00%% insured (estimated)
$90Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$147Subordinated debt
$0All other liabilities
$1,501Total equity capital
$1,501Total bank equity capital
$12,875Perpetual preferred stock
$0Common stock
$1,500Surplus
$10,818Undivided profits
Memoranda
$557Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,568Income earned, not collected on loans
$676Earning assets
$87,568Long-term assets (5+ years)
$27,129Average Assets, year-to-date
$101,899Average Assets, quarterly
$99,960Volatile liabilities
$14,870Insider loans
$581FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$6,808Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$8,027Total risk weighted assets
$58,549Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$7,715Total interest expense
$3,472Net interest income
$4,243Provision for loan and lease losses
$605Total noninterest income
$1,199Fiduciary activities
$103Service charges on deposit accounts
$488Trading account gains & fees
$0Additional noninterest income
$608Total noninterest expense
$3,057Salaries and employee benefits
$1,243Premises and equipment expense
$408Additional noninterest expense
$1,406Pre-tax net operating income
$1,780Securities gains (losses)
$0Applicable income taxes
$570Income before extraordinary items
$1,210Extraordinary gains - net
$0Net income attributable to bank
$1,210Net charge-offs
$576Cash dividends
$961Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.80%Cost of funding earning assets
3.96%Net interest margin
4.84%Noninterest income to earning assets
1.37%Noninterest expense to earning assets
3.49%Net operating income to assets
1.19%Return on assets (ROA)
1.19%Pretax return on assets
1.75%Return on equity (ROE)
9.52%Retained earnings to average equity (YTD only)
1.96%Net charge-offs to loans
0.90%Credit loss provision to net charge-offs
105.03%Efficiency ratio
51,709Assets per employee
2.30%Cash dividends to net income (YTD only)
Condition Ratios (%)
79.42%Loss allowance to loans
1.58%Loss allowance to noncurrent loans
38.32%Noncurrent assets plus other real estate owned to assets
2.61%Noncurrent loans to loans
4.12%Net loans and leases to deposits
70.76%Net loans and leases to core deposits
85.43%Equity capital to assets
12.73%Core capital (leverage) ratio
8.48%Tier 1 risk-based capital ratio
13.71%Total risk-based capital ratio
Memoranda
$15Average assets
$101,899Average earning assets
$12,708Average equity
$87,690Average loans

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