Community First Bank of May's Lick in May's Lick, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 03, 1994

Community First Bank of May's Lick in May's Lick, Kentucky (KY)
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Community First Bank of May's Lick - Overview

General
FDIC Certificate #: 17900
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Community First Bank (#10518)
Federal Reserve ID: 167510
Date Established: March 02, 1902
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
OTS Docket #: 11707
FDIC's unique #: 11839
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: August 21, 1958
Last Structure Change Effective Date: October 03, 1994
Last Structure Change Process Date: October 13, 1994
Last Data Update: October 13, 1994
Data Source Date: April 05, 2012
Location
Address: Main Street, May's Lick, KY 41055
County: Mason
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
Core Based Statistical Area (CBSA): Maysville, KY (#32500)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $16.3 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$9Total assets
$14,484Cash and due from depository institutions
$642Interest-bearing balances
$95Securities
$2,987Federal funds sold & reverse repurchase agreements
$670Net loans & leases
$9,893Loan loss allowance
$140Trading account assets
$0Bank premises and fixed assets
$108Other real estate owned
$19Goodwill and other intangibles
$165Life insurance assets
$0All other assets
$0Total liabilities and capital
$14,484Total liabilities
$13,146Total deposits
$12,591Interest-bearing deposits
$10,680Deposits held in domestic offices
12591.00%% insured (estimated)
$98Federal funds purchased & repurchase agreements
$400Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$155Total equity capital
$155Total bank equity capital
$1,338Perpetual preferred stock
$0Common stock
$140Surplus
$860Undivided profits
Memoranda
$338Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$108Income earned, not collected on loans
$137Earning assets
$13,645Long-term assets (5+ years)
$987Average Assets, year-to-date
$13,985Average Assets, quarterly
$13,969Volatile liabilities
$1,525Insider loans
$174FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,110Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,323Total risk weighted assets
$10,328Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$1,037Total interest expense
$363Net interest income
$674Provision for loan and lease losses
$0Total noninterest income
$172Fiduciary activities
$0Service charges on deposit accounts
$134Trading account gains & fees
$0Additional noninterest income
$38Total noninterest expense
$455Salaries and employee benefits
$214Premises and equipment expense
$83Additional noninterest expense
$158Pre-tax net operating income
$391Securities gains (losses)
$1Applicable income taxes
$109Income before extraordinary items
$283Extraordinary gains - net
$21Net income attributable to bank
$304Net charge-offs
-$1Cash dividends
$620Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.00%Cost of funding earning assets
2.80%Net interest margin
5.20%Noninterest income to earning assets
1.33%Noninterest expense to earning assets
3.51%Net operating income to assets
2.02%Return on assets (ROA)
2.17%Pretax return on assets
2.95%Return on equity (ROE)
20.81%Retained earnings to average equity (YTD only)
-21.63%Net charge-offs to loans
-0.01%Credit loss provision to net charge-offs
0.00%Efficiency ratio
53,783Assets per employee
1.61%Cash dividends to net income (YTD only)
Condition Ratios (%)
203.95%Loss allowance to loans
1.40%Loss allowance to noncurrent loans
129.63%Noncurrent assets plus other real estate owned to assets
0.88%Noncurrent loans to loans
1.08%Net loans and leases to deposits
78.57%Net loans and leases to core deposits
86.28%Equity capital to assets
9.24%Core capital (leverage) ratio
9.34%Tier 1 risk-based capital ratio
12.81%Total risk-based capital ratio
Memoranda
$14Average assets
$13,985Average earning assets
$1,461Average equity
$12,968Average loans

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