First American Bank in Ashland, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 1997

  • First American Bank in Ashland, Kentucky (KY)
  • Show street view No street view available for this location

First American Bank - Overview

  • General
  • FDIC Certificate #: 2679
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Community Trust Bank, Inc. (#2720)
    Federal Reserve ID: 188412
    Date Established: May 24, 1888
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Interstate: No)
    OTS Docket #: 9666
    FDIC's unique #: 1727
    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: 1544 Winchester Avenue, Ashland, KY 41101
    County: Boyd
    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
    Metropolitan Statistical Area (MSA): Huntington-Ashland, WV-KY-OH (#3400)
    Core Based Statistical Area (CBSA): Huntington-Ashland, WV-KY-OH (#26580)
    CBSA Metro Statistical Area: Huntington-Ashland, WV-KY-OH (#26580)
  • Financial Summary
  • Total assets: $211.4 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)
  • $80Total assets
  • $211,415Cash and due from depository institutions
  • $11,351Interest-bearing balances
  • $12Securities
  • $38,170Federal funds sold & reverse repurchase agreements
  • $400Net loans & leases
  • $147,781Loan loss allowance
  • $2,408Trading account assets
  • $0Bank premises and fixed assets
  • $8,059Other real estate owned
  • $45Goodwill and other intangibles
  • $2,556Life insurance assets
  • $3,053All other assets
  • $0Total liabilities and capital
  • $211,415Total liabilities
  • $189,863Total deposits
  • $175,111Interest-bearing deposits
  • $147,815Deposits held in domestic offices
  • 175111.00%% insured (estimated)
  • $89Federal funds purchased & repurchase agreements
  • $3,875Trading liabilities
  • $0Other borrowed funds
  • $9,004Subordinated debt
  • $0All other liabilities
  • $1,873Total equity capital
  • $1,873Total bank equity capital
  • $21,552Perpetual preferred stock
  • $0Common stock
  • $1,400Surplus
  • $18,292Undivided profits
  • Memoranda
  • $1,860Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,546Income earned, not collected on loans
  • $856Earning assets
  • $186,363Long-term assets (5+ years)
  • $41,872Average Assets, year-to-date
  • $216,241Average Assets, quarterly
  • $216,912Volatile liabilities
  • $18,996Insider loans
  • $6,213FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $13,473Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $18,438Total risk weighted assets
  • $152,960Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $16,564Total interest expense
  • $6,898Net interest income
  • $9,666Provision for loan and lease losses
  • $705Total noninterest income
  • $1,822Fiduciary activities
  • $0Service charges on deposit accounts
  • $1,372Trading account gains & fees
  • $0Additional noninterest income
  • $450Total noninterest expense
  • $6,868Salaries and employee benefits
  • $2,930Premises and equipment expense
  • $990Additional noninterest expense
  • $2,948Pre-tax net operating income
  • $3,915Securities gains (losses)
  • $0Applicable income taxes
  • $1,379Income before extraordinary items
  • $2,536Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,536Net charge-offs
  • $405Cash dividends
  • $2,526Sale, 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
  • 8.76%Cost of funding earning assets
  • 3.65%Net interest margin
  • 5.11%Noninterest income to earning assets
  • 0.96%Noninterest expense to earning assets
  • 3.63%Net operating income to assets
  • 1.17%Return on assets (ROA)
  • 1.17%Pretax return on assets
  • 1.81%Return on equity (ROE)
  • 11.70%Retained earnings to average equity (YTD only)
  • 0.05%Net charge-offs to loans
  • 0.27%Credit loss provision to net charge-offs
  • 174.07%Efficiency ratio
  • 56,685Assets per employee
  • 2.64%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 99.61%Loss allowance to loans
  • 1.60%Loss allowance to noncurrent loans
  • 155.76%Noncurrent assets plus other real estate owned to assets
  • 0.75%Noncurrent loans to loans
  • 1.03%Net loans and leases to deposits
  • 84.39%Net loans and leases to core deposits
  • 92.37%Equity capital to assets
  • 10.19%Core capital (leverage) ratio
  • 8.73%Tier 1 risk-based capital ratio
  • 12.05%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $216,241Average earning assets
  • $21,676Average equity
  • $189,179Average loans

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