The Bank of Whitesburg in Whitesburg, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 16, 2001

The Bank of Whitesburg in Whitesburg, Kentucky (KY)
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The Bank of Whitesburg - Overview

General
FDIC Certificate #: 280
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Whitaker Bank (#32912)
Federal Reserve ID: 357610
Date Established: October 10, 1932
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Interstate: No)
OTS Docket #: 12567
FDIC's unique #: 225
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: July 16, 2001
Last Structure Change Process Date: August 01, 2001
Last Data Update: August 01, 2001
Data Source Date: April 05, 2012
Location
Address: 187 Main Street, Whitesburg, KY 41858
County: Letcher
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
Financial Summary
Total assets: $152.1 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
69Total employees (full-time equivalent)
$148,833Total assets
$3,648Cash and due from depository institutions
$0Interest-bearing balances
$34,069Securities
$4,230Federal funds sold & reverse repurchase agreements
$103,455Net loans & leases
$2,383Loan loss allowance
$0Trading account assets
$1,999Bank premises and fixed assets
$93Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,339All other assets
$148,833Total liabilities and capital
$137,051Total liabilities
$133,032Total deposits
$119,854Interest-bearing deposits
$133,032Deposits held in domestic offices
0.00%% insured (estimated)
$2,035Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,000Other borrowed funds
$0Subordinated debt
$984All other liabilities
$11,782Total equity capital
$11,782Total bank equity capital
$11,782Perpetual preferred stock
$0Common stock
$1,200Surplus
$5,800Undivided profits
Memoranda
$4,782Noncurrent loans and leases
$3,604Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$493Earning assets
$0Long-term assets (5+ years)
$662Average Assets, year-to-date
$141,754Average Assets, quarterly
$34,526Volatile liabilities
$148,918Insider loans
$148,350FHLB advances
$33,668Loans and leases held for sale
$278Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,604Total unused commitments
$0Restructured Loans and leases
$1,255Derivatives

Income and Expense (December 31, 2000)

Dollar figures in thousands
$12,701Total interest income
$6,402Total interest expense
$6,299Net interest income
$626Provision for loan and lease losses
$695Total noninterest income
$0Fiduciary activities
$521Service charges on deposit accounts
$0Trading account gains & fees
$174Additional noninterest income
$4,429Total noninterest expense
$2,189Salaries and employee benefits
$503Premises and equipment expense
$1,737Additional noninterest expense
$1,939Pre-tax net operating income
$12Securities gains (losses)
$512Applicable income taxes
$1,439Income before extraordinary items
$0Extraordinary gains - net
$1,439Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$690Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2000)

Dollar figures in thousands
Performance Ratios (%, annualized)
9.00%Yield on earning assets
4.54%Cost of funding earning assets
4.47%Net interest margin
0.49%Noninterest income to earning assets
3.14%Noninterest expense to earning assets
0.96%Net operating income to assets
0.97%Return on assets (ROA)
1.31%Pretax return on assets
13.91%Return on equity (ROE)
13.91%Retained earnings to average equity (YTD only)
0.64%Net charge-offs to loans
90.72%Credit loss provision to net charge-offs
3.72%Efficiency ratio
63,326Assets per employee
2.16%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.25%Loss allowance to noncurrent loans
483.37%Noncurrent assets plus other real estate owned to assets
0.39%Noncurrent loans to loans
0.47%Net loans and leases to deposits
77.77%Net loans and leases to core deposits
101.03%Equity capital to assets
7.92%Core capital (leverage) ratio
7.66%Tier 1 risk-based capital ratio
11.56%Total risk-based capital ratio
Memoranda
$13Average assets
$148,918Average earning assets
$10,347Average equity
$141,071Average loans

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