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)
  • Show street view No street view available for this location

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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