Heritage Bank of Ashland, Inc. in Ashland, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 17, 2006

  • Heritage Bank of Ashland, Inc. in Ashland, Kentucky (KY)
  • Show street view No street view available for this location

Heritage Bank of Ashland, Inc. - Overview

  • General
  • FDIC Certificate #: 34561
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Citizens National Bank of Paintsville (#2718)
    Federal Reserve ID: 2668570
    Date Established: April 06, 1998
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    FDIC's unique #: 59069
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: April 06, 1998
    Last Structure Change Effective Date: June 17, 2006
    Last Structure Change Process Date: July 19, 2006
    Last Data Update: July 19, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 735 Central 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: $82.8 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, 2005)

  • Dollar figures in thousands
  • 35Total employees (full-time equivalent)
  • $82,569Total assets
  • $5,028Cash and due from depository institutions
  • $3,713Interest-bearing balances
  • $19,384Securities
  • $510Federal funds sold & reverse repurchase agreements
  • $54,645Net loans & leases
  • $2,191Loan loss allowance
  • $0Trading account assets
  • $1,408Bank premises and fixed assets
  • $480Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,114All other assets
  • $82,569Total liabilities and capital
  • $77,991Total liabilities
  • $71,933Total deposits
  • $64,370Interest-bearing deposits
  • $71,933Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $5,663Other borrowed funds
  • $0Subordinated debt
  • $395All other liabilities
  • $4,578Total equity capital
  • $4,578Total bank equity capital
  • $4,578Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $13,050Undivided profits
  • Memoranda
  • $-8,472Noncurrent loans and leases
  • $3,641Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,763Earning assets
  • $0Long-term assets (5+ years)
  • $471Average Assets, year-to-date
  • $78,252Average Assets, quarterly
  • $10,978Volatile liabilities
  • $87,604Insider loans
  • $82,863FHLB advances
  • $12,491Loans and leases held for sale
  • $0Unused loan commitments
  • $5,663Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,641Total unused commitments
  • $771Restructured Loans and leases
  • $723Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $5,447Total interest income
  • $2,301Total interest expense
  • $3,146Net interest income
  • $1,160Provision for loan and lease losses
  • $777Total noninterest income
  • $0Fiduciary activities
  • $417Service charges on deposit accounts
  • $0Trading account gains & fees
  • $360Additional noninterest income
  • $4,510Total noninterest expense
  • $1,787Salaries and employee benefits
  • $980Premises and equipment expense
  • $1,743Additional noninterest expense
  • -$1,747Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$1,747Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,747Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,871Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.59%Yield on earning assets
  • 2.79%Cost of funding earning assets
  • 3.81%Net interest margin
  • 0.94%Noninterest income to earning assets
  • 5.46%Noninterest expense to earning assets
  • -1.99%Net operating income to assets
  • -1.99%Return on assets (ROA)
  • -1.99%Pretax return on assets
  • -44.53%Return on equity (ROE)
  • -44.53%Retained earnings to average equity (YTD only)
  • 3.01%Net charge-offs to loans
  • 62.00%Credit loss provision to net charge-offs
  • -0.31%Efficiency ratio
  • 114,963Assets per employee
  • 2.36%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.85%Loss allowance to noncurrent loans
  • 124.28%Noncurrent assets plus other real estate owned to assets
  • 2.72%Noncurrent loans to loans
  • 3.10%Net loans and leases to deposits
  • 75.97%Net loans and leases to core deposits
  • 89.77%Equity capital to assets
  • 5.54%Core capital (leverage) ratio
  • 5.91%Tier 1 risk-based capital ratio
  • 8.69%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $87,604Average earning assets
  • $3,923Average equity
  • $82,598Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Heritage Bank of Ashland, Inc..
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents