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
No
ID
Name
Address
Established
Service Type
Map
0
44073
Commonwealth Bank, Fsb
101 Commonwealth Drive, Mount Sterling, KY 40353
March 17, 1961
Full Service Brick and Mortar
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