Commonwealth Bank, FSB in Mount Sterling, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Commonwealth Bank, FSB in Mount Sterling, Kentucky (KY)
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Commonwealth Bank, FSB - Overview

  • General
  • FDIC Certificate #: 31239
    Status: Active
    Federal Reserve ID: 654177
    Date Established: March 17, 1961
    WWW: http://www.commonwealthbank-ky.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 6591
    FDIC's unique #: 44073
    Numeric code: 34
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: 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: Mortgage Lending Specialization
    Date of Deposit Insurance: March 17, 1961
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 101 Commonwealth Drive, Mount Sterling, KY 40353
    County: Montgomery
    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
    Combined Statistical Area (CSA): Lexington-Fayette-Frankfort-Richmond, KY (#336)
    Core Based Statistical Area (CBSA): Mount Sterling, KY (#34460)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $20.4 mil
    Equity capital: $2.3 mil
    Deposits held in domestic offices: $14.6 mil
    Return on assets (ROA): 0.15% ($0.0 mil)
    Quarterly return on assets: 2.09% ($0.4 mil)
    Return on Equity (ROE): 1.38% ($0.0 mil)
    Quarterly return on equity: 19.20% ($0.4 mil)
    Net income: $0.0 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.15% ($30.6 mil)
    Quarterly Pretax return on assets: 2.09% ($426.6 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
  • 8Total employees (full-time equivalent)
  • $20,412Total assets
  • $1,538Cash and due from depository institutions
  • $1,242Interest-bearing balances
  • $0Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $16,414Net loans & leases
  • $45Loan loss allowance
  • $0Trading account assets
  • $1,634Bank premises and fixed assets
  • $411Other real estate owned
  • $0Goodwill and other intangibles
  • $20,412Life insurance assets
  • $415All other assets
  • $18,108Total liabilities and capital
  • $14,647Total liabilities
  • $12,696Total deposits
  • $14,647Interest-bearing deposits
  • $100Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,416Trading liabilities
  • $0Other borrowed funds
  • $45Subordinated debt
  • $2,304All other liabilities
  • $2,304Total equity capital
  • $2,304Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $2,304Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $91Income earned, not collected on loans
  • $0Earning assets
  • $78Long-term assets (5+ years)
  • $17,656Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $20,400Volatile liabilities
  • $20,682Insider loans
  • $13,921FHLB advances
  • $20,412Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $2,304Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $237Restructured Loans and leases
  • $941Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $940Total interest income
  • $242Total interest expense
  • $698Net interest income
  • $35Provision for loan and lease losses
  • $176Total noninterest income
  • $0Fiduciary activities
  • $12Service charges on deposit accounts
  • $0Trading account gains & fees
  • $164Additional noninterest income
  • $972Total noninterest expense
  • $456Salaries and employee benefits
  • $304Premises and equipment expense
  • $212Additional noninterest expense
  • -$133Pre-tax net operating income
  • $164Securities gains (losses)
  • $0Applicable income taxes
  • $31Income before extraordinary items
  • $0Extraordinary gains - net
  • $31Net income attributable to bank
  • $0Net charge-offs
  • $31Cash dividends
  • $28Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.40%Yield on earning assets
  • 1.39%Cost of funding earning assets
  • 4.01%Net interest margin
  • 1.01%Noninterest income to earning assets
  • 5.59%Noninterest expense to earning assets
  • -0.65%Net operating income to assets
  • 0.15%Return on assets (ROA)
  • 0.15%Pretax return on assets
  • 1.38%Return on equity (ROE)
  • 1.38%Retained earnings to average equity (YTD only)
  • 0.17%Net charge-offs to loans
  • 125.00%Credit loss provision to net charge-offs
  • -3.50%Efficiency ratio
  • 111,213Assets per employee
  • 2.55%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.27%Loss allowance to noncurrent loans
  • 49.45%Noncurrent assets plus other real estate owned to assets
  • 2.46%Noncurrent loans to loans
  • 0.55%Net loans and leases to deposits
  • 112.06%Net loans and leases to core deposits
  • 114.41%Equity capital to assets
  • 11.29%Core capital (leverage) ratio
  • 11.29%Tier 1 risk-based capital ratio
  • 16.55%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $20,400Average earning assets
  • $2,251Average equity
  • $17,393Average loans

List of branches

  • 1 Kentucky Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    044073Commonwealth Bank, Fsb101 Commonwealth Drive, Mount Sterling, KY 40353March 17, 1961Full Service Brick and Mortar

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