Kentucky Bank in Paris, Kentucky (KY)
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| Kentucky Bank | |
|---|---|
| General | FDIC Certificate #: 734 Status: Active Federal Reserve ID: 373115 Bank Holding Company (Regulatory Top Holder): Kentucky Bancshares, Inc. (RSSDID: 1070831, Location: Paris, KY) Date Established: January 01, 1915 WWW: http://www.kybank.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 14 (Domestic: 14, Interstate: No) OTS Docket #: 9690 FDIC's unique #: 464 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: All Other Specialization < 1 Billion Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: November 26, 2007 Last Structure Change Process Date: December 21, 2007 Last Data Update: December 21, 2007 Data Source Date: April 05, 2012 |
| Location | Address: Fourth And Main Streets, Paris, KY 40361 County: Bourbon 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): Lexington, KY (#4280) Combined Statistical Area (CSA): Lexington-Fayette-Frankfort-Richmond, KY (#336) Core Based Statistical Area (CBSA): Lexington-Fayette, KY (#30460) CBSA Metro Statistical Area: Lexington-Fayette, KY (#30460) |
| Financial Summary | Total assets: $659.7 mil Equity capital: $76.9 mil Deposits held in domestic offices: $543.1 mil Return on assets (ROA): 0.91% ($6.0 mil) Quarterly return on assets: 0.80% ($5.3 mil) Return on Equity (ROE): 8.03% ($6.2 mil) Quarterly return on equity: 6.79% ($5.2 mil) Net income: $5.9 mil Quarterly Net income: $1.3 mil Pretax return on assets: 1.07% ($7,059.1 mil) Quarterly Pretax return on assets: 0.90% ($5,937.6 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 194 |
| Total assets | $659,728 |
| Cash and due from depository institutions | $17,127 |
| Interest-bearing balances | $11,024 |
| Securities | $180,399 |
| Federal funds sold & reverse repurchase agreements | $528 |
| Net loans & leases | $406,650 |
| Loan loss allowance | $5,842 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $16,702 |
| Other real estate owned | $8,296 |
| Goodwill and other intangibles | $14,717 |
| All other assets | $15,309 |
| Life insurance assets | $659,728 |
| Total liabilities and capital | $582,824 |
| Total liabilities | $543,134 |
| Total deposits | $486,864 |
| Interest-bearing deposits | $543,134 |
| Deposits held in domestic offices | $82 |
| % insured (estimated) | 3224.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $30,326 |
| Other borrowed funds | $0 |
| Subordinated debt | $6,140 |
| All other liabilities | $76,904 |
| Total equity capital | $76,904 |
| Total bank equity capital | $76,904 |
| Perpetual preferred stock | $0 |
| Common stock | $3,093 |
| Surplus | $13,500 |
| Undivided profits | $60,311 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $625 |
| Income earned, not collected on loans | $7,075 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $4,052 |
| Average Assets, year-to-date | $598,601 |
| Average Assets, quarterly | $196,219 |
| Volatile liabilities | $651,447 |
| Insider loans | $646,726 |
| FHLB advances | $459,135 |
| Loans and leases held for sale | $635,120 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $59,476 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $84,253 |
| Derivatives | $4,497 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $29,889 |
| Total interest expense | $5,269 |
| Net interest income | $24,620 |
| Provision for loan and lease losses | $2,450 |
| Total noninterest income | $8,600 |
| Fiduciary activities | $637 |
| Service charges on deposit accounts | $3,743 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $4,220 |
| Total noninterest expense | $24,945 |
| Salaries and employee benefits | $11,953 |
| Premises and equipment expense | $2,958 |
| Additional noninterest expense | $10,034 |
| Pre-tax net operating income | $5,825 |
| Securities gains (losses) | $1,164 |
| Applicable income taxes | $1,070 |
| Income before extraordinary items | $5,919 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $5,919 |
| Net charge-offs | $0 |
| Cash dividends | $5,919 |
| Sale, conversion, retirement of capital stock, net | $1,533 |
| Net operating income | $3,800 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.11% |
| Cost of funding earning assets | 0.90% |
| Net interest margin | 4.21% |
| Noninterest income to earning assets | 1.47% |
| Noninterest expense to earning assets | 4.27% |
| Net operating income to assets | 0.76% |
| Return on assets (ROA) | 0.91% |
| Pretax return on assets | 1.07% |
| Return on equity (ROE) | 8.03% |
| Retained earnings to average equity (YTD only) | 2.88% |
| Net charge-offs to loans | 0.37% |
| Credit loss provision to net charge-offs | 159.82% |
| Efficiency ratio | 5.40% |
| Assets per employee | $74,356 |
| Cash dividends to net income (YTD only) | 3.40% |
| Condition Ratios (%) | |
| Loss allowance to loans | 64.20% |
| Loss allowance to noncurrent loans | 1.42% |
| Noncurrent assets plus other real estate owned to assets | 82.57% |
| Noncurrent loans to loans | 2.33% |
| Net loans and leases to deposits | 1.72% |
| Net loans and leases to core deposits | 74.87% |
| Equity capital to assets | 81.24% |
| Core capital (leverage) ratio | 11.66% |
| Tier 1 risk-based capital ratio | 9.36% |
| Total risk-based capital ratio | 12.95% |
| Memoranda | |
| Average assets | $14 |
| Average earning assets | $651,447 |
| Average equity | $73,669 |
| Average loans | $584,402 |
| Total Fiduciary and Related Assets (December 31, 2011) (Dollar figures in thousands) | |
| Total fiduciary and related assets | $1 |
| Number of Fiduciary Accounts and Related Asset Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $94,122 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $87,297 |
| Employee benefit-defined contribution accounts | $52,402 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $0 |
| Corporate trust and agency accounts | $4,452 |
| Investment management agency accounts | $0 |
| Other fiduciary accounts | $30,443 |
| Fiduciary accounts held in foreign offices | $0 |
| Non-managed Assets | $0 |
| Number of Accounts | 157 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $0 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $6,825 |
| Corporate trust and agency accounts | $5,015 |
| Other fiduciary accounts | $0 |
| Fiduciary accounts held in foreign offices | $435 |
| 14 Kentucky Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 464 | Kentucky Bank | Fourth And Main Streets, Paris, KY 40361 | January 01, 1915 | Full Service Brick and Mortar |  |
| 1 | 184944 | Lexington Road Branch | Lexington Road, Paris, KY 40361 | November 04, 1965 | Full Service Brick and Mortar |  |
| 3 | 241 | Main Street Branch | 400 Main Street, Paris, KY 40361 | January 01, 1851 | Limited Service Facility | |
| 4 | 1770 | Winchester Downtown Branch | 24 West Lexington Avenue, Winchester, KY 40391 | January 01, 1865 | Full Service Brick and Mortar | |
| 5 | 194014 | By-Pass Branch | Winchester By-Pass And Colby Road, Winchester, KY 40391 | December 06, 1963 | Full Service Brick and Mortar | |
| 6 | 46661 | Cherry Blossom Branch | 260 Blossom Park Drive, Georgetown, KY 40324 | December 12, 1990 | Full Service Brick and Mortar | |
| 7 | 289396 | Versailles Branch | 520 Marsailles Road, Versailles, KY 40383 | January 20, 1993 | Full Service Brick and Mortar | |
| 10 | 184946 | Georgetown Branch | 103 West Showalter Drive, Georgetown, KY 40324 | August 10, 1998 | Full Service Brick and Mortar | |
| 11 | 193953 | Wilmore Branch | 108 East Main Street, Wilmore, KY 40390 | Febuary 13, 1965 | Full Service Brick and Mortar | |
| 12 | 364029 | Cynthiana Branch | 939 Us Highway 27 South, Cynthiana, KY 41031 | October 01, 2001 | Full Service Brick and Mortar | |
| 15 | 5963 | Flemingsburg Road Branch | 1500 Flemingsburg Road, Morehead, KY 40351 | December 06, 1926 | Full Service Brick and Mortar | |
| 16 | 219868 | Sandy Hook Branch | Main Street, Sandy Hook, KY 41171 | May 26, 1998 | Full Service Brick and Mortar | |
| 17 | 479027 | Morehead Downtown Branch | 400 West First Street, Morehead, KY 40351 | March 03, 2008 | Full Service Brick and Mortar | |
| 18 | 490043 | Nicholasville Branch | 920 North Main Street, Nicholasville, KY 40356 | April 20, 2009 | Full Service Brick and Mortar | |
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