The Berea National Bank in Berea, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 2006

  • The Berea National Bank in Berea, Kentucky (KY)
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The Berea National Bank - Overview

  • General
  • FDIC Certificate #: 2681
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Peoples Bank and Trust Company of Madison County (#20281)
    Federal Reserve ID: 785718
    Date Established: December 03, 1906
    WWW: http://www.whitakerbank.com
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 4 (Interstate: No)
    OTS Docket #: 10933
    FDIC's unique #: 1729
    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: January 01, 2006
    Last Structure Change Process Date: January 26, 2006
    Last Data Update: January 26, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 424 Chestnut Street, Berea, KY 40403
    County: Madison
    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
    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: $84.1 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
  • 30Total employees (full-time equivalent)
  • $84,108Total assets
  • $2,733Cash and due from depository institutions
  • $37Interest-bearing balances
  • $22,674Securities
  • $4,600Federal funds sold & reverse repurchase agreements
  • $45,588Net loans & leases
  • $930Loan loss allowance
  • $0Trading account assets
  • $3,745Bank premises and fixed assets
  • $159Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $4,609All other assets
  • $84,108Total liabilities and capital
  • $75,995Total liabilities
  • $73,548Total deposits
  • $59,439Interest-bearing deposits
  • $73,548Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,165Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $122Other borrowed funds
  • $0Subordinated debt
  • $1,160All other liabilities
  • $8,113Total equity capital
  • $8,113Total bank equity capital
  • $8,113Perpetual preferred stock
  • $0Common stock
  • $100Surplus
  • $250Undivided profits
  • Memoranda
  • $7,763Noncurrent loans and leases
  • $2,865Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $3Earning assets
  • $0Long-term assets (5+ years)
  • $473Average Assets, year-to-date
  • $72,899Average Assets, quarterly
  • $14,530Volatile liabilities
  • $86,022Insider loans
  • $85,417FHLB advances
  • $16,072Loans and leases held for sale
  • $604Unused loan commitments
  • $122Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,865Total unused commitments
  • $0Restructured Loans and leases
  • $620Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $4,462Total interest income
  • $1,319Total interest expense
  • $3,143Net interest income
  • $655Provision for loan and lease losses
  • $1,037Total noninterest income
  • $0Fiduciary activities
  • $548Service charges on deposit accounts
  • $0Trading account gains & fees
  • $489Additional noninterest income
  • $4,701Total noninterest expense
  • $2,165Salaries and employee benefits
  • $611Premises and equipment expense
  • $1,925Additional noninterest expense
  • -$1,176Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$1,176Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,176Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $324Sale, conversion, retirement of capital stock, net
  • $75Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.06%Yield on earning assets
  • 1.79%Cost of funding earning assets
  • 4.27%Net interest margin
  • 1.41%Noninterest income to earning assets
  • 6.39%Noninterest expense to earning assets
  • -1.37%Net operating income to assets
  • -1.37%Return on assets (ROA)
  • -1.37%Pretax return on assets
  • -12.86%Return on equity (ROE)
  • -13.68%Retained earnings to average equity (YTD only)
  • 0.68%Net charge-offs to loans
  • 202.16%Credit loss provision to net charge-offs
  • -1.61%Efficiency ratio
  • 112,464Assets per employee
  • 2.80%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -6.38%Loss allowance to loans
  • 2.00%Loss allowance to noncurrent loans
  • 31000.00%Noncurrent assets plus other real estate owned to assets
  • 0.19%Noncurrent loans to loans
  • 0.01%Net loans and leases to deposits
  • 61.98%Net loans and leases to core deposits
  • 77.74%Equity capital to assets
  • 9.65%Core capital (leverage) ratio
  • 9.43%Tier 1 risk-based capital ratio
  • 16.46%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $86,022Average earning assets
  • $9,148Average equity
  • $73,595Average loans

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