Graves County Bank, Inc. in Mayfield, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 19, 1999

Graves County Bank, Inc. in Mayfield, Kentucky (KY)
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Graves County Bank, Inc. - Overview

General
FDIC Certificate #: 17824
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Firstar Bank Kentucky (#5861)
Federal Reserve ID: 114046
Date Established: January 01, 1898
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
OTS Docket #: 11500
FDIC's unique #: 11770
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, 1958
Last Structure Change Effective Date: Febuary 19, 1999
Last Structure Change Process Date: March 10, 1999
Last Data Update: March 10, 1999
Data Source Date: April 05, 2012
Location
Address: 406 South Seventh Street, Mayfield, KY 42066
County: Graves
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Kansas City
FDIC Field Office: Hopkinsville
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Southeast
Combined Statistical Area (CSA): Paducah-Mayfield, KY-IL (#424)
Core Based Statistical Area (CBSA): Mayfield, KY (#32460)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $83.0 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, 1998)

Dollar figures in thousands
18Total employees (full-time equivalent)
$82,967Total assets
$1,828Cash and due from depository institutions
$344Interest-bearing balances
$25,231Securities
$0Federal funds sold & reverse repurchase agreements
$50,804Net loans & leases
$415Loan loss allowance
$0Trading account assets
$1,420Bank premises and fixed assets
$0Other real estate owned
$2,780Goodwill and other intangibles
$0Life insurance assets
$904All other assets
$82,967Total liabilities and capital
$73,458Total liabilities
$64,716Total deposits
$58,750Interest-bearing deposits
$64,716Deposits held in domestic offices
0.00%% insured (estimated)
$3,837Federal funds purchased & repurchase agreements
$0Trading liabilities
$4,000Other borrowed funds
$0Subordinated debt
$905All other liabilities
$9,509Total equity capital
$9,509Total bank equity capital
$9,509Perpetual preferred stock
$0Common stock
$50Surplus
$5,143Undivided profits
Memoranda
$4,316Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$595Earning assets
$0Long-term assets (5+ years)
$440Average Assets, year-to-date
$76,379Average Assets, quarterly
$23,066Volatile liabilities
$83,683Insider loans
$82,378FHLB advances
$10,680Loans and leases held for sale
$536Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$157Total risk weighted assets
$4,970Total unused commitments
$0Restructured Loans and leases
$48,773Derivatives

Income and Expense (December 31, 1998)

Dollar figures in thousands
$5,943Total interest income
$3,333Total interest expense
$2,610Net interest income
$165Provision for loan and lease losses
$600Total noninterest income
$0Fiduciary activities
$420Service charges on deposit accounts
$0Trading account gains & fees
$180Additional noninterest income
$2,067Total noninterest expense
$617Salaries and employee benefits
$168Premises and equipment expense
$1,282Additional noninterest expense
$978Pre-tax net operating income
$2Securities gains (losses)
$241Applicable income taxes
$739Income before extraordinary items
$0Extraordinary gains - net
$739Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$171Sale, conversion, retirement of capital stock, net
$400Net operating income

Performance and Condition Ratios (December 31, 1998)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.78%Yield on earning assets
4.36%Cost of funding earning assets
3.42%Net interest margin
0.79%Noninterest income to earning assets
2.71%Noninterest expense to earning assets
0.88%Net operating income to assets
0.88%Return on assets (ROA)
1.17%Pretax return on assets
7.95%Return on equity (ROE)
3.65%Retained earnings to average equity (YTD only)
0.36%Net charge-offs to loans
96.49%Credit loss provision to net charge-offs
6.68%Efficiency ratio
57,913Assets per employee
4.61%Cash dividends to net income (YTD only)
Condition Ratios (%)
54.13%Loss allowance to loans
0.81%Loss allowance to noncurrent loans
69.75%Noncurrent assets plus other real estate owned to assets
0.72%Noncurrent loans to loans
1.16%Net loans and leases to deposits
78.50%Net loans and leases to core deposits
86.29%Equity capital to assets
11.46%Core capital (leverage) ratio
8.14%Tier 1 risk-based capital ratio
13.25%Total risk-based capital ratio
Memoranda
$14Average assets
$83,683Average earning assets
$9,296Average equity
$76,388Average loans

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