Middlesboro Federal Bank, FSB in Middlesboro, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 01, 2001

  • Middlesboro Federal Bank, FSB in Middlesboro, Kentucky (KY)
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Middlesboro Federal Bank, FSB - Overview

  • General
  • FDIC Certificate #: 28826
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Commercial Bank (#22354)
    Federal Reserve ID: 456773
    Date Established: January 01, 1915
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 2438
    FDIC's unique #: 41660
    Numeric code: 33
    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: April 15, 1936
    Last Structure Change Effective Date: November 01, 2001
    Last Structure Change Process Date: Febuary 19, 2002
    Last Data Update: Febuary 19, 2002
    Data Source Date: April 05, 2012
  • Location
  • Address: 1431 Cumberland Avenue, Middlesboro, KY 40965
    County: Bell
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Lexington
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Southeast
    Core Based Statistical Area (CBSA): Middlesborough, KY (#33180)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $125.3 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
  • 41Total employees (full-time equivalent)
  • $124,780Total assets
  • $4,742Cash and due from depository institutions
  • $220Interest-bearing balances
  • $6,081Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $105,780Net loans & leases
  • $1,009Loan loss allowance
  • $0Trading account assets
  • $4,086Bank premises and fixed assets
  • $1,063Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $3,028All other assets
  • $124,780Total liabilities and capital
  • $115,471Total liabilities
  • $104,180Total deposits
  • $101,103Interest-bearing deposits
  • $104,180Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $10,563Other borrowed funds
  • $0Subordinated debt
  • $728All other liabilities
  • $9,309Total equity capital
  • $9,309Total bank equity capital
  • $9,309Perpetual preferred stock
  • $0Common stock
  • $7Surplus
  • $4,945Undivided profits
  • Memoranda
  • $4,357Noncurrent loans and leases
  • $1,476Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $615Earning assets
  • $0Long-term assets (5+ years)
  • $803Average Assets, year-to-date
  • $112,081Average Assets, quarterly
  • $0Volatile liabilities
  • $127,851Insider loans
  • $125,060FHLB advances
  • $39,639Loans and leases held for sale
  • $1,258Unused loan commitments
  • $10,500Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,476Total unused commitments
  • $1,506Restructured Loans and leases
  • $1,009Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $9,819Total interest income
  • $5,822Total interest expense
  • $3,997Net interest income
  • $1,049Provision for loan and lease losses
  • $674Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $674Additional noninterest income
  • $3,968Total noninterest expense
  • $1,668Salaries and employee benefits
  • $766Premises and equipment expense
  • $1,534Additional noninterest expense
  • -$346Pre-tax net operating income
  • $0Securities gains (losses)
  • $12Applicable income taxes
  • -$358Income before extraordinary items
  • $0Extraordinary gains - net
  • -$358Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,306Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.42%Yield on earning assets
  • 4.99%Cost of funding earning assets
  • 3.43%Net interest margin
  • 0.58%Noninterest income to earning assets
  • 3.40%Noninterest expense to earning assets
  • -0.28%Net operating income to assets
  • -0.28%Return on assets (ROA)
  • -0.27%Pretax return on assets
  • -3.73%Return on equity (ROE)
  • -3.73%Retained earnings to average equity (YTD only)
  • 1.18%Net charge-offs to loans
  • 80.32%Credit loss provision to net charge-offs
  • 0.54%Efficiency ratio
  • 84,950Assets per employee
  • 3.04%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.94%Loss allowance to noncurrent loans
  • 164.07%Noncurrent assets plus other real estate owned to assets
  • 1.34%Noncurrent loans to loans
  • 0.58%Net loans and leases to deposits
  • 101.54%Net loans and leases to core deposits
  • 140.84%Equity capital to assets
  • 7.46%Core capital (leverage) ratio
  • 7.52%Tier 1 risk-based capital ratio
  • 11.10%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $127,851Average earning assets
  • $9,609Average equity
  • $116,613Average loans

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