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

This bank is inactive as of August 21, 2004

  • Mount Sterling Bank in Mount Sterling, Kentucky (KY)
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Mount Sterling Bank - Overview

  • General
  • FDIC Certificate #: 2712
    Status: Inactive
    Closing history: Absorption - Without Assistance
    Acquiring institution: Whitaker Bank (#32912)
    Federal Reserve ID: 725611
    Date Established: January 01, 1871
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Interstate: No)
    OTS Docket #: 10562
    FDIC's unique #: 1754
    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: January 01, 1934
    Last Structure Change Effective Date: August 21, 2004
    Last Structure Change Process Date: September 16, 2004
    Last Data Update: September 16, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 30 West Main Street, Mount Sterling, KY 40353
    County: Montgomery
    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
    Combined Statistical Area (CSA): Lexington-Fayette-Frankfort-Richmond, KY (#336)
    Core Based Statistical Area (CBSA): Mount Sterling, KY (#34460)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $100.6 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
  • 36Total employees (full-time equivalent)
  • $100,324Total assets
  • $4,383Cash and due from depository institutions
  • $0Interest-bearing balances
  • $22,303Securities
  • $480Federal funds sold & reverse repurchase agreements
  • $64,759Net loans & leases
  • $1,368Loan loss allowance
  • $0Trading account assets
  • $1,957Bank premises and fixed assets
  • $0Other real estate owned
  • $4,425Goodwill and other intangibles
  • $0Life insurance assets
  • $2,017All other assets
  • $100,324Total liabilities and capital
  • $85,754Total liabilities
  • $67,941Total deposits
  • $54,845Interest-bearing deposits
  • $67,941Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,825Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $15,421Other borrowed funds
  • $0Subordinated debt
  • $567All other liabilities
  • $14,570Total equity capital
  • $14,570Total bank equity capital
  • $14,570Perpetual preferred stock
  • $0Common stock
  • $1,100Surplus
  • $11,971Undivided profits
  • Memoranda
  • $1,499Noncurrent loans and leases
  • $5,857Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $169Earning assets
  • $0Long-term assets (5+ years)
  • $690Average Assets, year-to-date
  • $87,542Average Assets, quarterly
  • $32,178Volatile liabilities
  • $98,622Insider loans
  • $99,971FHLB advances
  • $10,361Loans and leases held for sale
  • $295Unused loan commitments
  • $15,421Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,857Total unused commitments
  • $81Restructured Loans and leases
  • $721Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $5,803Total interest income
  • $1,830Total interest expense
  • $3,973Net interest income
  • $345Provision for loan and lease losses
  • $833Total noninterest income
  • $1Fiduciary activities
  • $721Service charges on deposit accounts
  • $0Trading account gains & fees
  • $111Additional noninterest income
  • $2,835Total noninterest expense
  • $1,432Salaries and employee benefits
  • $249Premises and equipment expense
  • $1,154Additional noninterest expense
  • $1,626Pre-tax net operating income
  • $5Securities gains (losses)
  • $444Applicable income taxes
  • $1,187Income before extraordinary items
  • $211Extraordinary gains - net
  • $1,398Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $230Sale, conversion, retirement of capital stock, net
  • $1,650Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.68%Yield on earning assets
  • 2.11%Cost of funding earning assets
  • 4.57%Net interest margin
  • 0.96%Noninterest income to earning assets
  • 3.26%Noninterest expense to earning assets
  • 1.20%Net operating income to assets
  • 1.42%Return on assets (ROA)
  • 1.87%Pretax return on assets
  • 9.30%Return on equity (ROE)
  • -1.68%Retained earnings to average equity (YTD only)
  • 0.36%Net charge-offs to loans
  • 150.00%Credit loss provision to net charge-offs
  • 8.57%Efficiency ratio
  • 58,989Assets per employee
  • 2.79%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 118.03%Loss allowance to loans
  • 2.07%Loss allowance to noncurrent loans
  • 809.47%Noncurrent assets plus other real estate owned to assets
  • 0.17%Noncurrent loans to loans
  • 0.26%Net loans and leases to deposits
  • 95.32%Net loans and leases to core deposits
  • 109.00%Equity capital to assets
  • 14.52%Core capital (leverage) ratio
  • 10.08%Tier 1 risk-based capital ratio
  • 16.93%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $98,622Average earning assets
  • $15,026Average equity
  • $86,906Average loans

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