Peoples Bank & Trust Company of Hazard in Hazard, Kentucky (KY)
| Peoples Bank & Trust Company of Hazard | |
|---|---|
| General | FDIC Certificate #: 8117 Status: Active Federal Reserve ID: 814711 Bank Holding Company (Regulatory Top Holder): Hazard Bancorp (RSSDID: 1357082, Location: Hazard, KY) Date Established: March 19, 1923 WWW: http://www.peopleshazard.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 7 (Domestic: 7, Interstate: No) OTS Docket #: 10834 FDIC's unique #: 5166 Numeric code: 13 Regulator: FED 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: Yes Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: June 19, 2009 Last Structure Change Process Date: June 25, 2009 Last Data Update: June 25, 2009 Data Source Date: April 05, 2012 |
| Location | Address: 524 Main Street, Hazard, KY 41701 County: Perry 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 |
| History of Changes | Institution Becomes a Member of FRS (Federal Reserve System) Change in Location Change in Primary Regulatory Agency Change in Supervisory Agency |
| Financial Summary | Total assets: $287.1 mil Equity capital: $26.4 mil Deposits held in domestic offices: $250.1 mil Return on assets (ROA): 0.91% ($2.6 mil) Quarterly return on assets: 0.78% ($2.2 mil) Return on Equity (ROE): 10.01% ($2.6 mil) Quarterly return on equity: 8.39% ($2.2 mil) Net income: $2.6 mil Quarterly Net income: $0.6 mil Pretax return on assets: 0.91% ($2,612.7 mil) Quarterly Pretax return on assets: 0.78% ($2,239.5 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 81 |
| Total assets | $287,115 |
| Cash and due from depository institutions | $34,316 |
| Interest-bearing balances | $24,553 |
| Securities | $17,850 |
| Federal funds sold & reverse repurchase agreements | $2,000 |
| Net loans & leases | $212,917 |
| Loan loss allowance | $1,825 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $6,348 |
| Other real estate owned | $1,704 |
| Goodwill and other intangibles | $1,645 |
| All other assets | $10,335 |
| Life insurance assets | $287,115 |
| Total liabilities and capital | $260,739 |
| Total liabilities | $250,112 |
| Total deposits | $204,719 |
| Interest-bearing deposits | $250,112 |
| Deposits held in domestic offices | $91 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $10,140 |
| Other borrowed funds | $0 |
| Subordinated debt | $487 |
| All other liabilities | $26,376 |
| Total equity capital | $26,376 |
| Total bank equity capital | $26,376 |
| Perpetual preferred stock | $0 |
| Common stock | $500 |
| Surplus | $23,700 |
| Undivided profits | $2,176 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $3,443 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $1,158 |
| Average Assets, year-to-date | $257,320 |
| Average Assets, quarterly | $120,002 |
| Volatile liabilities | $285,122 |
| Insider loans | $285,240 |
| FHLB advances | $205,018 |
| Loans and leases held for sale | $284,053 |
| Unused loan commitments | $6,139 |
| Tier 1 (core) risk-based capital | $6,139 |
| Tier 2 risk-based capital | $24,532 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $10,538 |
| Derivatives | $9,088 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $13,733 |
| Total interest expense | $3,265 |
| Net interest income | $10,468 |
| Provision for loan and lease losses | $761 |
| Total noninterest income | $1,629 |
| Fiduciary activities | $41 |
| Service charges on deposit accounts | $983 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $605 |
| Total noninterest expense | $8,733 |
| Salaries and employee benefits | $4,041 |
| Premises and equipment expense | $2,436 |
| Additional noninterest expense | $2,256 |
| Pre-tax net operating income | $2,603 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $2,603 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $2,603 |
| Net charge-offs | $0 |
| Cash dividends | $2,603 |
| Sale, conversion, retirement of capital stock, net | $878 |
| Net operating income | $2,050 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.35% |
| Cost of funding earning assets | 1.27% |
| Net interest margin | 4.08% |
| Noninterest income to earning assets | 0.63% |
| Noninterest expense to earning assets | 3.40% |
| Net operating income to assets | 0.91% |
| Return on assets (ROA) | 0.91% |
| Pretax return on assets | 0.91% |
| Return on equity (ROE) | 10.01% |
| Retained earnings to average equity (YTD only) | 2.13% |
| Net charge-offs to loans | 0.41% |
| Credit loss provision to net charge-offs | 86.67% |
| Efficiency ratio | 3.83% |
| Assets per employee | $72,191 |
| Cash dividends to net income (YTD only) | 3.54% |
| Condition Ratios (%) | |
| Loss allowance to loans | 78.76% |
| Loss allowance to noncurrent loans | 0.85% |
| Noncurrent assets plus other real estate owned to assets | 53.01% |
| Noncurrent loans to loans | 1.79% |
| Net loans and leases to deposits | 1.60% |
| Net loans and leases to core deposits | 85.13% |
| Equity capital to assets | 91.39% |
| Core capital (leverage) ratio | 9.19% |
| Tier 1 risk-based capital ratio | 8.64% |
| Total risk-based capital ratio | 11.97% |
| Memoranda | |
| Average assets | $13 |
| Average earning assets | $285,122 |
| Average equity | $25,999 |
| Average loans | $256,720 |
| Total Fiduciary and Related Assets (December 31, 2011) (Dollar figures in thousands) | |
| Total fiduciary and related assets | $1 |
| Number of Fiduciary Accounts and Related Asset Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $26,547 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $4,614 |
| Employee benefit-defined contribution accounts | $4,584 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $0 |
| Corporate trust and agency accounts | $30 |
| Investment management agency accounts | $0 |
| Other fiduciary accounts | $0 |
| Fiduciary accounts held in foreign offices | $0 |
| Non-managed Assets | $0 |
| Number of Accounts | 31 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $30 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $21,933 |
| Corporate trust and agency accounts | $0 |
| Other fiduciary accounts | $0 |
| Fiduciary accounts held in foreign offices | $0 |
| 7 Kentucky Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 5166 | Peoples Bank & Trust Company Of Haza | 524 Main Street, Hazard, KY 41701 | March 19, 1923 | Full Service Brick and Mortar |  |
| 1 | 217941 | East Main Street Branch | 405 East Main Street, Hazard, KY 41701 | May 22, 1974 | Full Service Brick and Mortar |  |
| 2 | 217942 | Airport Gardens Branch | R. R. 3, Hazard, KY 41701 | September 22, 1978 | Full Service Brick and Mortar | |
| 3 | 217943 | Vicco Branch | Main And Montgomery Streets, Vicco, KY 41773 | July 05, 1979 | Full Service Brick and Mortar | |
| 4 | 217944 | Daniel Boone Branch | 2 Rockwood Lane, Hazard, KY 41701 | April 20, 1987 | Full Service Brick and Mortar | |
| 5 | 419936 | Peoples Express Bank & Merchant Cent | 131 Citizens Lane, Hazard, KY 41702 | June 30, 2003 | Full Service Cyber | |
| 6 | 430218 | Wal-Mart Branch | Daniel Boone Plaza, Hazard, KY 41701 | April 15, 2004 | Full Service Brick and Mortar | |
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