The First Commonwealth Bank of Prestonsburg, Inc. in Prestonsburg, Kentucky (KY)



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The First Commonwealth Bank of Prestonsburg, Inc. routing number info

Table of contents:
The First Commonwealth Bank of Prestonsburg, Inc.
GeneralFDIC Certificate #: 2721
Status: Active
Federal Reserve ID: 511618
Bank Holding Company (Regulatory Top Holder): First Prestonsburg Bancshares, Inc. (RSSDID: 1071043, Location: Prestonsburg, KY)
Date Established: May 12, 1904
WWW: http://www.myfcb.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 13 (Domestic: 13, Interstate: No)
OTS Docket #: 10796
FDIC's unique #: 1763
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: All Other Specialization < 1 Billion
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: April 22, 2011
Last Structure Change Process Date: May 20, 2011
Last Data Update: May 20, 2011
Data Source Date: April 05, 2012
LocationAddress: 311 North Arnold Avenue, Prestonsburg, KY 41653
County: Floyd
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 ChangesParticipated in Absorption/Consolidation/Merger
Financial SummaryTotal assets: $310.9 mil
Equity capital: $37.8 mil
Deposits held in domestic offices: $226.6 mil
Return on assets (ROA): 1.67% ($5.2 mil)
Quarterly return on assets: 1.89% ($5.9 mil)
Return on Equity (ROE): 14.51% ($5.5 mil)
Quarterly return on equity: 15.73% ($6.0 mil)
Net income: $4.4 mil
Quarterly Net income: $1.5 mil
Pretax return on assets: 1.67% ($5,191.5 mil)
Quarterly Pretax return on assets: 1.89% ($5,875.5 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)
Total employees (full-time equivalent)101
Total assets$310,871
Cash and due from depository institutions$11,819
Interest-bearing balances$6,660
Securities$119,409
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$160,722
Loan loss allowance $1,150
Trading account assets$0
Bank premises and fixed assets$9,891
Other real estate owned$410
Goodwill and other intangibles$3,002
All other assets$5,618
Life insurance assets$310,871
Total liabilities and capital$273,080
Total liabilities$226,637
Total deposits$184,212
Interest-bearing deposits$226,637
Deposits held in domestic offices$97
% insured (estimated)15486.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$27,535
Other borrowed funds $0
Subordinated debt $3,422
All other liabilities $37,791
Total equity capital$37,791
Total bank equity capital$37,791
Perpetual preferred stock$0
Common stock$858
Surplus$18,037
Undivided profits $18,896
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 $534
Earning assets $0
Long-term assets (5+ years) $1,338
Average Assets, year-to-date $286,791
Average Assets, quarterly $149,321
Volatile liabilities $262,597
Insider loans $311,797
FHLB advances $188,810
Loans and leases held for sale $307,468
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $29,395
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $9,733
Derivatives$1,320
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $11,594
Total interest expense $1,366
Net interest income $10,228
Provision for loan and lease losses $285
Total noninterest income $2,235
Fiduciary activities $0
Service charges on deposit accounts $1,282
Trading account gains & fees $0
Additional noninterest income $953
Total noninterest expense $8,782
Salaries and employee benefits $4,350
Premises and equipment expense $1,316
Additional noninterest expense $3,116
Pre-tax net operating income $3,396
Securities gains (losses) $998
Applicable income taxes $0
Income before extraordinary items $4,394
Extraordinary gains - net $0
Net income attributable to bank $4,394
Net charge-offs $0
Cash dividends $4,394
Sale, conversion, retirement of capital stock, net $143
Net operating income $3,650
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.79%
Cost of funding earning assets 0.56%
Net interest margin 4.23%
Noninterest income to earning assets 0.92%
Noninterest expense to earning assets 3.63%
Net operating income to assets 1.29%
Return on assets (ROA) 1.67%
Pretax return on assets 1.67%
Return on equity (ROE) 14.51%
Retained earnings to average equity (YTD only) 2.46%
Net charge-offs to loans 0.10%
Credit loss provision to net charge-offs 199.30%
Efficiency ratio25.74%
Assets per employee$69,341
Cash dividends to net income (YTD only)3.08%
Condition Ratios (%)
Loss allowance to loans 83.07%
Loss allowance to noncurrent loans 0.71%
Noncurrent assets plus other real estate owned to assets 215.36%
Noncurrent loans to loans 0.30%
Net loans and leases to deposits0.33%
Net loans and leases to core deposits 70.92%
Equity capital to assets 75.05%
Core capital (leverage) ratio 12.16%
Tier 1 risk-based capital ratio 9.56%
Total risk-based capital ratio 15.57%
Memoranda
Average assets$16
Average earning assets$262,597
Average equity $30,287
Average loans $241,884
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13 Kentucky Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
01763The First Commonwealth Bank Of Prestonsburg, Inc.311 North Arnold Avenue, Prestonsburg, KY 41653May 12, 1904Full Service Brick and Mortar
1193990Twin Bridge BranchRoute 80, Martin, KY 41649December 23, 1961Full Service Brick and Mortar
2193991Betsy Layne BranchU.S. 23 And 460 North, Betsy Layne, KY 41605September 17, 1976Full Service Brick and Mortar
3193992Northside Branch838 North Arnold Avenue, Prestonsburg, KY 41653September 20, 1976Full Service Brick and Mortar
6357485Pikeville Lending Center3780 North Mayo Trail, Pikeville, KY 41501July 24, 2000Limited Service Loan Production
7357487Morehead Lending Center1390 Flemingsburg Road, Morehead, KY 40351July 24, 2000Limited Service Loan Production
8464513Pikeville Branch262 Cassidy Boulevard, Pikeville, KY 41501June 18, 2007Full Service Brick and Mortar
942555Family Bank Branch232 Main Street, Paintsville, KY 41240June 01, 1936Full Service Brick and Mortar
10276929Inez Branch87 Main Street, Inez, KY 41224June 01, 1936Full Service Brick and Mortar
11276930Downtown Salyersville111 S Church Street, Salyersville, KY 41465June 01, 1936Full Service Brick and Mortar
13441453Pikeville N Mayo Trail3822 North Mayo Trail, Pikeville, KY 41501March 21, 2001Full Service Brick and Mortar
14441454Salyersville Parkway Branch230 East Mountain Parkway, Salyersville, KY 41465April 09, 2001Full Service Brick and Mortar
15495446Paintsville Mayo Plaza Branch601 N Mayo Trail, Paintsville, KY 41240June 30, 2009Full Service Brick and Mortar
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