Meade County Bank in Brandenburg, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

Meade County Bank - Overview

  • General
  • FDIC Certificate #: 25173
    Status: Active
    Federal Reserve ID: 776547
    Bank Holding Company (Regulatory Top Holder): Meade Bancorp, Inc. (RSSDID: 1100309, Location: Brandenburg, KY)
    Date Established: June 07, 1984
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 8785
    FDIC's unique #: 17422
    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: Mortgage Lending Specialization
    Date of Deposit Insurance: June 07, 1984
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 2175 Bypass Road, Brandenburg, KY 40108
    County: Meade
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Elizabethtown
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Southeast
    Combined Statistical Area (CSA): Louisville-Jefferson County-Elizabethtown-Scottsburg, KY-IN (#350)
    Core Based Statistical Area (CBSA): Louisville-Jefferson County, KY-IN (#31140)
    CBSA Metro Statistical Area: Louisville-Jefferson County, KY-IN (#31140)
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $148.8 mil
    Equity capital: $14.4 mil
    Deposits held in domestic offices: $133.4 mil
    Return on assets (ROA): 1.40% ($2.1 mil)
    Quarterly return on assets: 1.37% ($2.0 mil)
    Return on Equity (ROE): 14.35% ($2.0 mil)
    Quarterly return on equity: 14.17% ($2.0 mil)
    Net income: $2.0 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 2.07% ($3,079.4 mil)
    Quarterly Pretax return on assets: 2.04% ($3,034.7 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, 2011)

  • Dollar figures in thousands
  • 34Total employees (full-time equivalent)
  • $148,762Total assets
  • $4,208Cash and due from depository institutions
  • $378Interest-bearing balances
  • $40,732Securities
  • $18,653Federal funds sold & reverse repurchase agreements
  • $82,536Net loans & leases
  • $236Loan loss allowance
  • $0Trading account assets
  • $463Bank premises and fixed assets
  • $405Other real estate owned
  • $0Goodwill and other intangibles
  • $148,762Life insurance assets
  • $1,765All other assets
  • $134,361Total liabilities and capital
  • $133,381Total liabilities
  • $102,120Total deposits
  • $133,381Interest-bearing deposits
  • $68Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $668Trading liabilities
  • $0Other borrowed funds
  • $312Subordinated debt
  • $14,401All other liabilities
  • $14,401Total equity capital
  • $14,401Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $1,000Surplus
  • $12,401Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $191Income earned, not collected on loans
  • $0Earning assets
  • $844Long-term assets (5+ years)
  • $142,299Average Assets, year-to-date
  • $25,521Average Assets, quarterly
  • $144,559Volatile liabilities
  • $148,263Insider loans
  • $67,078FHLB advances
  • $148,283Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $14,312Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,680Restructured Loans and leases
  • $7Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,656Total interest income
  • $1,065Total interest expense
  • $5,591Net interest income
  • $56Provision for loan and lease losses
  • $845Total noninterest income
  • $0Fiduciary activities
  • $687Service charges on deposit accounts
  • $0Trading account gains & fees
  • $158Additional noninterest income
  • $3,389Total noninterest expense
  • $1,596Salaries and employee benefits
  • $652Premises and equipment expense
  • $1,141Additional noninterest expense
  • $2,991Pre-tax net operating income
  • $0Securities gains (losses)
  • $972Applicable income taxes
  • $2,019Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,019Net income attributable to bank
  • $0Net charge-offs
  • $2,019Cash dividends
  • $22Sale, conversion, retirement of capital stock, net
  • $1,200Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.82%Yield on earning assets
  • 0.77%Cost of funding earning assets
  • 4.05%Net interest margin
  • 0.61%Noninterest income to earning assets
  • 2.45%Noninterest expense to earning assets
  • 1.40%Net operating income to assets
  • 1.40%Return on assets (ROA)
  • 2.07%Pretax return on assets
  • 14.35%Return on equity (ROE)
  • 5.82%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 254.55%Credit loss provision to net charge-offs
  • 138.50%Efficiency ratio
  • 52,657Assets per employee
  • 4.38%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 59.44%Loss allowance to loans
  • 0.29%Loss allowance to noncurrent loans
  • 123.56%Noncurrent assets plus other real estate owned to assets
  • 0.40%Noncurrent loans to loans
  • 0.23%Net loans and leases to deposits
  • 61.88%Net loans and leases to core deposits
  • 66.20%Equity capital to assets
  • 9.68%Core capital (leverage) ratio
  • 9.65%Tier 1 risk-based capital ratio
  • 21.34%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $144,559Average earning assets
  • $14,068Average equity
  • $138,205Average loans

List of branches

  • 3 Kentucky Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    017422Meade County Bank2175 Bypass Road, Brandenburg, KY 40108June 07, 1984Full Service Brick and Mortar
    1257904Muldraugh Branch104 North Dixie, Muldraugh, KY 40155January 02, 1986Full Service Brick and Mortar
    2257905River Ridge Shopping Center BranchBy-Pass Road, Brandenburg, KY 40108October 18, 1989Limited Service Facility

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