The Bank of Mt. Vernon in Richmond, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 26, 2001

  • The Bank of Mt. Vernon in Richmond, Kentucky (KY)
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The Bank of Mt. Vernon - Overview

  • General
  • FDIC Certificate #: 1557
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Community Trust Bank, Inc. (#2720)
    Federal Reserve ID: 356417
    Date Established: January 01, 1900
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    OTS Docket #: 9407
    FDIC's unique #: 1025
    Numeric code: 21
    Regulator: FDIC
    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: January 26, 2001
    Last Structure Change Process Date: March 26, 2001
    Last Data Update: March 26, 2001
    Data Source Date: April 05, 2012
  • Location
  • Address: 112 St. George Street, Richmond, KY 40475
    County: Madison
    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
    Metropolitan Statistical Area (MSA): Lexington, KY (#4280)
    Combined Statistical Area (CSA): Lexington-Fayette-Frankfort-Richmond, KY (#336)
    Core Based Statistical Area (CBSA): Richmond-Berea, KY (#40080)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $132.2 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
  • 54Total employees (full-time equivalent)
  • $132,153Total assets
  • $4,575Cash and due from depository institutions
  • $1,937Interest-bearing balances
  • $17,460Securities
  • $3,400Federal funds sold & reverse repurchase agreements
  • $98,096Net loans & leases
  • $1,326Loan loss allowance
  • $0Trading account assets
  • $1,943Bank premises and fixed assets
  • $44Other real estate owned
  • $4,175Goodwill and other intangibles
  • $0Life insurance assets
  • $2,460All other assets
  • $132,153Total liabilities and capital
  • $116,619Total liabilities
  • $109,697Total deposits
  • $101,258Interest-bearing deposits
  • $109,697Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $800Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $5,500Other borrowed funds
  • $0Subordinated debt
  • $622All other liabilities
  • $15,534Total equity capital
  • $15,534Total bank equity capital
  • $15,534Perpetual preferred stock
  • $0Common stock
  • $400Surplus
  • $13,284Undivided profits
  • Memoranda
  • $1,850Noncurrent loans and leases
  • $5,686Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $4,086Earning assets
  • $0Long-term assets (5+ years)
  • $1,237Average Assets, year-to-date
  • $120,893Average Assets, quarterly
  • $8,150Volatile liabilities
  • $132,510Insider loans
  • $134,604FHLB advances
  • $19,281Loans and leases held for sale
  • $947Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,686Total unused commitments
  • $0Restructured Loans and leases
  • $1,194Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $11,202Total interest income
  • $6,123Total interest expense
  • $5,079Net interest income
  • $811Provision for loan and lease losses
  • $446Total noninterest income
  • $0Fiduciary activities
  • $287Service charges on deposit accounts
  • $0Trading account gains & fees
  • $159Additional noninterest income
  • $3,578Total noninterest expense
  • $1,877Salaries and employee benefits
  • $369Premises and equipment expense
  • $1,332Additional noninterest expense
  • $1,136Pre-tax net operating income
  • $0Securities gains (losses)
  • $396Applicable income taxes
  • $740Income before extraordinary items
  • $0Extraordinary gains - net
  • $740Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $463Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 9.28%Yield on earning assets
  • 5.08%Cost of funding earning assets
  • 4.21%Net interest margin
  • 0.37%Noninterest income to earning assets
  • 2.97%Noninterest expense to earning assets
  • 0.56%Net operating income to assets
  • 0.56%Return on assets (ROA)
  • 0.86%Pretax return on assets
  • 4.95%Return on equity (ROE)
  • 4.95%Retained earnings to average equity (YTD only)
  • 0.46%Net charge-offs to loans
  • 175.16%Credit loss provision to net charge-offs
  • 4.21%Efficiency ratio
  • 60,724Assets per employee
  • 2.45%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.33%Loss allowance to noncurrent loans
  • 32.45%Noncurrent assets plus other real estate owned to assets
  • 3.13%Noncurrent loans to loans
  • 4.11%Net loans and leases to deposits
  • 89.42%Net loans and leases to core deposits
  • 105.80%Equity capital to assets
  • 11.75%Core capital (leverage) ratio
  • 8.61%Tier 1 risk-based capital ratio
  • 11.86%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $132,510Average earning assets
  • $14,962Average equity
  • $120,647Average loans

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