Morehead Bank in Morehead, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 21, 2004

  • Morehead Bank in Morehead, Kentucky (KY)
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Morehead Bank - Overview

  • General
  • FDIC Certificate #: 25783
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Whitaker Bank (#32912)
    Federal Reserve ID: 170912
    Date Established: November 19, 1984
    WWW: http://www.whitakerbank.com
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Interstate: No)
    OTS Docket #: 12634
    FDIC's unique #: 17646
    Numeric code: 13
    Regulator: FED
    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: November 19, 1984
    Last Structure Change Effective Date: August 21, 2004
    Last Structure Change Process Date: September 24, 2004
    Last Data Update: September 24, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: Main Street At Carey Avenue, Morehead, KY 40351
    County: Rowan
    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
  • Financial Summary
  • Total assets: $50.6 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, 2003)

  • Dollar figures in thousands
  • 18Total employees (full-time equivalent)
  • $50,664Total assets
  • $1,618Cash and due from depository institutions
  • $0Interest-bearing balances
  • $9,207Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $37,199Net loans & leases
  • $778Loan loss allowance
  • $0Trading account assets
  • $1,357Bank premises and fixed assets
  • $41Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,242All other assets
  • $50,664Total liabilities and capital
  • $47,233Total liabilities
  • $35,036Total deposits
  • $30,104Interest-bearing deposits
  • $35,036Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,039Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $10,910Other borrowed funds
  • $0Subordinated debt
  • $248All other liabilities
  • $3,431Total equity capital
  • $3,431Total bank equity capital
  • $3,431Perpetual preferred stock
  • $0Common stock
  • $200Surplus
  • $1,676Undivided profits
  • Memoranda
  • $1,555Noncurrent loans and leases
  • $2,235Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $492Earning assets
  • $0Long-term assets (5+ years)
  • $317Average Assets, year-to-date
  • $46,406Average Assets, quarterly
  • $21,605Volatile liabilities
  • $51,002Insider loans
  • $50,761FHLB advances
  • $7,300Loans and leases held for sale
  • $1,231Unused loan commitments
  • $10,910Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,235Total unused commitments
  • $0Restructured Loans and leases
  • $374Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $3,146Total interest income
  • $1,216Total interest expense
  • $1,930Net interest income
  • $77Provision for loan and lease losses
  • $559Total noninterest income
  • $0Fiduciary activities
  • $477Service charges on deposit accounts
  • $0Trading account gains & fees
  • $82Additional noninterest income
  • $1,731Total noninterest expense
  • $738Salaries and employee benefits
  • $219Premises and equipment expense
  • $774Additional noninterest expense
  • $681Pre-tax net operating income
  • $0Securities gains (losses)
  • $231Applicable income taxes
  • $450Income before extraordinary items
  • -$24Extraordinary gains - net
  • $426Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $40Sale, conversion, retirement of capital stock, net
  • $300Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.71%Yield on earning assets
  • 2.59%Cost of funding earning assets
  • 4.12%Net interest margin
  • 1.19%Noninterest income to earning assets
  • 3.69%Noninterest expense to earning assets
  • 0.88%Net operating income to assets
  • 0.84%Return on assets (ROA)
  • 1.29%Pretax return on assets
  • 12.33%Return on equity (ROE)
  • 3.65%Retained earnings to average equity (YTD only)
  • 0.11%Net charge-offs to loans
  • 192.50%Credit loss provision to net charge-offs
  • 18.95%Efficiency ratio
  • 69,546Assets per employee
  • 2.81%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 70.42%Loss allowance to loans
  • 2.05%Loss allowance to noncurrent loans
  • 158.13%Noncurrent assets plus other real estate owned to assets
  • 1.05%Noncurrent loans to loans
  • 1.30%Net loans and leases to deposits
  • 106.17%Net loans and leases to core deposits
  • 123.33%Equity capital to assets
  • 6.77%Core capital (leverage) ratio
  • 6.56%Tier 1 risk-based capital ratio
  • 11.28%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $51,002Average earning assets
  • $3,454Average equity
  • $46,861Average loans

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