FDIC Certificate #: 29722 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Advantage Bank (#27642) Federal Reserve ID: 114073 Date Established: June 22, 1936 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 3952 FDIC's unique #: 42556 Numeric code: 37 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: June 22, 1936 Last Structure Change Effective Date: June 01, 2001 Last Structure Change Process Date: June 08, 2001 Last Data Update: June 08, 2001 Data Source Date: April 05, 2012
Location
Address: 1640 Carter Ave, 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: $143.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
30Total employees (full-time equivalent)
$141,619Total assets
$2,571Cash and due from depository institutions
$1,069Interest-bearing balances
$6,012Securities
$0Federal funds sold & reverse repurchase agreements
$122,801Net loans & leases
$306Loan loss allowance
$0Trading account assets
$2,175Bank premises and fixed assets
$499Other real estate owned
$3,716Goodwill and other intangibles
$0Life insurance assets
$3,845All other assets
$141,619Total liabilities and capital
$128,123Total liabilities
$82,773Total deposits
$81,015Interest-bearing deposits
$82,773Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$44,196Other borrowed funds
$0Subordinated debt
$1,154All other liabilities
$13,496Total equity capital
$13,496Total bank equity capital
$13,496Perpetual preferred stock
$0Common stock
$14Surplus
$16,183Undivided profits
Memoranda
$-2,701Noncurrent loans and leases
$4,815Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,180Earning assets
$0Long-term assets (5+ years)
$888Average Assets, year-to-date
$129,882Average Assets, quarterly
$0Volatile liabilities
$141,145Insider loans
$141,867FHLB advances
$66,164Loans and leases held for sale
$1,102Unused loan commitments
$44,196Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,815Total unused commitments
$218Restructured Loans and leases
$306Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$10,066Total interest income
$6,931Total interest expense
$3,135Net interest income
$160Provision for loan and lease losses
$388Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$388Additional noninterest income
$2,216Total noninterest expense
$941Salaries and employee benefits
$526Premises and equipment expense
$749Additional noninterest expense
$1,147Pre-tax net operating income
$228Securities gains (losses)
$539Applicable income taxes
$836Income before extraordinary items
$0Extraordinary gains - net
$836Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$22Sale, conversion, retirement of capital stock, net
$1,750Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.72%Yield on earning assets
5.32%Cost of funding earning assets
2.40%Net interest margin
0.30%Noninterest income to earning assets
1.70%Noninterest expense to earning assets
0.49%Net operating income to assets
0.59%Return on assets (ROA)
0.97%Pretax return on assets
6.06%Return on equity (ROE)
-6.62%Retained earnings to average equity (YTD only)
0.02%Net charge-offs to loans
727.27%Credit loss provision to net charge-offs
59.41%Efficiency ratio
58,643Assets per employee
4.72%Cash dividends to net income (YTD only)
Condition Ratios (%)
209.33%Loss allowance to loans
0.25%Loss allowance to noncurrent loans
25.93%Noncurrent assets plus other real estate owned to assets
1.19%Noncurrent loans to loans
0.96%Net loans and leases to deposits
148.36%Net loans and leases to core deposits
201.96%Equity capital to assets
9.53%Core capital (leverage) ratio
7.46%Tier 1 risk-based capital ratio
11.56%Total risk-based capital ratio
Memoranda
$12Average assets
$141,145Average earning assets
$13,805Average equity
$130,400Average loans
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