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

The Citizens Bank - Overview

  • General
  • FDIC Certificate #: 10520
    Status: Active
    Federal Reserve ID: 962313
    Bank Holding Company (Regulatory Top Holder): Citizens Bancorp Of Morehead Incorporated, The (RSSDID: 1071865, Location: Morehead, KY)
    Date Established: September 28, 1928
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 9464
    FDIC's unique #: 6735
    Numeric code: 21
    Regulator: FDIC
    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: Mortgage Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: December 01, 2006
    Last Structure Change Process Date: December 20, 2006
    Last Data Update: December 20, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 114 West Main Street, 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
  • History of Changes
  • Office Purchased
  • Financial Summary
  • Total assets: $117.3 mil
    Equity capital: $11.4 mil
    Deposits held in domestic offices: $96.7 mil
    Return on assets (ROA): 0.64% ($0.7 mil)
    Quarterly return on assets: 0.44% ($0.5 mil)
    Return on Equity (ROE): 6.58% ($0.7 mil)
    Quarterly return on equity: 4.43% ($0.5 mil)
    Net income: $0.7 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.64% ($750.6 mil)
    Quarterly Pretax return on assets: 0.44% ($516.0 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, 2011)

  • Dollar figures in thousands
  • 44Total employees (full-time equivalent)
  • $117,274Total assets
  • $4,225Cash and due from depository institutions
  • $0Interest-bearing balances
  • $25,837Securities
  • $7,595Federal funds sold & reverse repurchase agreements
  • $72,767Net loans & leases
  • $643Loan loss allowance
  • $0Trading account assets
  • $2,301Bank premises and fixed assets
  • $880Other real estate owned
  • $2,453Goodwill and other intangibles
  • $117,274Life insurance assets
  • $1,216All other assets
  • $105,830Total liabilities and capital
  • $96,697Total liabilities
  • $78,064Total deposits
  • $96,697Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 8701.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $432Subordinated debt
  • $11,444All other liabilities
  • $11,444Total equity capital
  • $11,444Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $4,290Surplus
  • $6,954Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $328Income earned, not collected on loans
  • $0Earning assets
  • $494Long-term assets (5+ years)
  • $106,199Average Assets, year-to-date
  • $33,400Average Assets, quarterly
  • $116,115Volatile liabilities
  • $117,694Insider loans
  • $65,776FHLB advances
  • $114,642Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,744Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,273Restructured Loans and leases
  • $1,609Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,453Total interest income
  • $1,269Total interest expense
  • $4,184Net interest income
  • $253Provision for loan and lease losses
  • $1,334Total noninterest income
  • $0Fiduciary activities
  • $1,079Service charges on deposit accounts
  • $0Trading account gains & fees
  • $255Additional noninterest income
  • $4,526Total noninterest expense
  • $2,371Salaries and employee benefits
  • $527Premises and equipment expense
  • $1,628Additional noninterest expense
  • $739Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $739Income before extraordinary items
  • $0Extraordinary gains - net
  • $739Net income attributable to bank
  • $0Net charge-offs
  • $739Cash dividends
  • $358Sale, conversion, retirement of capital stock, net
  • $502Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.17%Yield on earning assets
  • 1.20%Cost of funding earning assets
  • 3.96%Net interest margin
  • 1.26%Noninterest income to earning assets
  • 4.29%Noninterest expense to earning assets
  • 0.64%Net operating income to assets
  • 0.64%Return on assets (ROA)
  • 0.64%Pretax return on assets
  • 6.58%Return on equity (ROE)
  • 2.11%Retained earnings to average equity (YTD only)
  • 0.50%Net charge-offs to loans
  • 70.67%Credit loss provision to net charge-offs
  • 2.77%Efficiency ratio
  • 80,845Assets per employee
  • 2.67%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 67.93%Loss allowance to loans
  • 0.88%Loss allowance to noncurrent loans
  • 196.04%Noncurrent assets plus other real estate owned to assets
  • 1.03%Noncurrent loans to loans
  • 0.45%Net loans and leases to deposits
  • 75.25%Net loans and leases to core deposits
  • 82.27%Equity capital to assets
  • 9.76%Core capital (leverage) ratio
  • 7.63%Tier 1 risk-based capital ratio
  • 13.29%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $116,115Average earning assets
  • $11,227Average equity
  • $105,568Average loans

List of branches

  • 6 Kentucky Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06735The Citizens Bank114 West Main Street, Morehead, KY 40351September 28, 1928Full Service Brick and Mortar
    1222525Trademore BranchTrademore Shopping Center, Route 1, Morehead, KY 40351May 01, 1979Full Service Brick and Mortar
    2363791West Liberty Branch335 Prestonburg Road, West Liberty, KY 41472May 10, 2002Full Service Brick and Mortar
    311664Main Street BranchMain Street, Owingsville, KY 40360May 20, 1893Full Service Brick and Mortar
    45596Citizens Bank Branch648 Main Street, Sharpsburg, KY 40374January 01, 1904Full Service Brick and Mortar
    5218970Owingsville Branch118 Miller Scenic View Drive, Owingsville, KY 40360November 01, 1999Full Service Brick and Mortar

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