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

This bank is inactive as of July 08, 2006

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

General
FDIC Certificate #: 9308
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Kentucky Bank (#734)
Federal Reserve ID: 330417
Date Established: December 06, 1926
WWW: http://www.peoplesbankky.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
OTS Docket #: 9558
FDIC's unique #: 5963
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: July 08, 2006
Last Structure Change Process Date: August 17, 2006
Last Data Update: August 17, 2006
Data Source Date: April 05, 2012
Location
Address: 1500 Flemingsburg Road, 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: $91.2 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, 2005)

Dollar figures in thousands
45Total employees (full-time equivalent)
$87,066Total assets
$2,963Cash and due from depository institutions
$869Interest-bearing balances
$28,474Securities
$3,668Federal funds sold & reverse repurchase agreements
$48,200Net loans & leases
$817Loan loss allowance
$0Trading account assets
$2,398Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,363All other assets
$87,066Total liabilities and capital
$78,905Total liabilities
$68,638Total deposits
$51,761Interest-bearing deposits
$68,638Deposits held in domestic offices
0.00%% insured (estimated)
$1,423Federal funds purchased & repurchase agreements
$0Trading liabilities
$8,052Other borrowed funds
$0Subordinated debt
$792All other liabilities
$8,161Total equity capital
$8,161Total bank equity capital
$8,161Perpetual preferred stock
$0Common stock
$500Surplus
$500Undivided profits
Memoranda
$7,161Noncurrent loans and leases
$9,509Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$484Earning assets
$0Long-term assets (5+ years)
$522Average Assets, year-to-date
$81,211Average Assets, quarterly
$13,352Volatile liabilities
$83,713Insider loans
$85,387FHLB advances
$14,519Loans and leases held for sale
$537Unused loan commitments
$8,002Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$9,509Total unused commitments
$139Restructured Loans and leases
$723Derivatives

Income and Expense (December 31, 2005)

Dollar figures in thousands
$4,939Total interest income
$1,328Total interest expense
$3,611Net interest income
$115Provision for loan and lease losses
$1,005Total noninterest income
$0Fiduciary activities
$827Service charges on deposit accounts
$0Trading account gains & fees
$178Additional noninterest income
$3,226Total noninterest expense
$1,649Salaries and employee benefits
$367Premises and equipment expense
$1,210Additional noninterest expense
$1,275Pre-tax net operating income
$1Securities gains (losses)
$11Applicable income taxes
$1,265Income before extraordinary items
$0Extraordinary gains - net
$1,265Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$8Sale, conversion, retirement of capital stock, net
$625Net operating income

Performance and Condition Ratios (December 31, 2005)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.32%Yield on earning assets
1.70%Cost of funding earning assets
4.62%Net interest margin
1.29%Noninterest income to earning assets
4.13%Noninterest expense to earning assets
1.51%Net operating income to assets
1.51%Return on assets (ROA)
1.52%Pretax return on assets
15.56%Return on equity (ROE)
7.87%Retained earnings to average equity (YTD only)
0.02%Net charge-offs to loans
1437.50%Credit loss provision to net charge-offs
173.75%Efficiency ratio
69,887Assets per employee
1.93%Cash dividends to net income (YTD only)
Condition Ratios (%)
49.41%Loss allowance to loans
1.67%Loss allowance to noncurrent loans
168.80%Noncurrent assets plus other real estate owned to assets
0.56%Noncurrent loans to loans
0.99%Net loans and leases to deposits
70.22%Net loans and leases to core deposits
85.17%Equity capital to assets
9.37%Core capital (leverage) ratio
9.93%Tier 1 risk-based capital ratio
14.78%Total risk-based capital ratio
Memoranda
$16Average assets
$83,713Average earning assets
$8,132Average equity
$78,204Average loans

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