FDIC Certificate #: 29721 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:The First Commonwealth Bank of Prestonsburg, Inc. (#2721) Federal Reserve ID: 410373 Date Established: June 01, 1936 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 3951 FDIC's unique #: 42555 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: July 06, 1936 Last Structure Change Effective Date: April 22, 2011 Last Structure Change Process Date: May 20, 2011 Last Data Update: May 20, 2011 Data Source Date: April 05, 2012
Location
Address: 232 Main Street, Paintsville, KY 41240 County: Johnson 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
Financial Summary
Total assets: $110.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2010)
Dollar figures in thousands
39Total employees (full-time equivalent)
$109,930Total assets
$9,789Cash and due from depository institutions
$6,585Interest-bearing balances
$22,221Securities
$732Federal funds sold & reverse repurchase agreements
$72,861Net loans & leases
$954Loan loss allowance
$0Trading account assets
$1,732Bank premises and fixed assets
$406Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,189All other assets
$109,930Total liabilities and capital
$99,529Total liabilities
$90,712Total deposits
$79,783Interest-bearing deposits
$90,712Deposits held in domestic offices
96.66%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$8,709Other borrowed funds
$0Subordinated debt
$108All other liabilities
$10,401Total equity capital
$10,401Total bank equity capital
$10,401Perpetual preferred stock
$0Common stock
$1Surplus
$673Undivided profits
Memoranda
$9,727Noncurrent loans and leases
$4,150Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$258Earning assets
$0Long-term assets (5+ years)
$352Average Assets, year-to-date
$102,399Average Assets, quarterly
$0Volatile liabilities
$111,056Insider loans
$109,075FHLB advances
$35,760Loans and leases held for sale
$1,579Unused loan commitments
$8,709Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,150Total unused commitments
$1,036Restructured Loans and leases
$670Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$5,068Total interest income
$1,642Total interest expense
$3,426Net interest income
$0Provision for loan and lease losses
$778Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$778Additional noninterest income
$3,238Total noninterest expense
$1,572Salaries and employee benefits
$905Premises and equipment expense
$761Additional noninterest expense
$966Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$966Income before extraordinary items
$0Extraordinary gains - net
$966Net income attributable to bank
$0Net charge-offs
$966Cash dividends
$18Sale, conversion, retirement of capital stock, net
$735Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.91%Yield on earning assets
1.59%Cost of funding earning assets
3.32%Net interest margin
0.75%Noninterest income to earning assets
3.14%Noninterest expense to earning assets
0.87%Net operating income to assets
0.87%Return on assets (ROA)
0.87%Pretax return on assets
9.51%Return on equity (ROE)
2.27%Retained earnings to average equity (YTD only)
0.02%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
53.67%Efficiency ratio
77,022Assets per employee
2.82%Cash dividends to net income (YTD only)
Condition Ratios (%)
76.09%Loss allowance to loans
1.29%Loss allowance to noncurrent loans
369.77%Noncurrent assets plus other real estate owned to assets
0.60%Noncurrent loans to loans
0.35%Net loans and leases to deposits
80.32%Net loans and leases to core deposits
114.45%Equity capital to assets
9.46%Core capital (leverage) ratio
9.50%Tier 1 risk-based capital ratio
19.61%Total risk-based capital ratio
Memoranda
$21Average assets
$111,056Average earning assets
$10,157Average equity
$103,283Average loans
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