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
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| The First Commonwealth Bank of Prestonsburg, Inc. | |
|---|---|
| General | FDIC 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 |
| Location | Address: 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 Changes | Participated in Absorption/Consolidation/Merger |
| Financial Summary | Total 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) |
| 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 |
| 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 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.79% |
| 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 ratio | 25.74% |
| 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 deposits | 0.33% |
| 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 |
| 13 Kentucky Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 1763 | The First Commonwealth Bank Of Prestonsburg, Inc. | 311 North Arnold Avenue, Prestonsburg, KY 41653 | May 12, 1904 | Full Service Brick and Mortar |  |
| 1 | 193990 | Twin Bridge Branch | Route 80, Martin, KY 41649 | December 23, 1961 | Full Service Brick and Mortar |  |
| 2 | 193991 | Betsy Layne Branch | U.S. 23 And 460 North, Betsy Layne, KY 41605 | September 17, 1976 | Full Service Brick and Mortar | |
| 3 | 193992 | Northside Branch | 838 North Arnold Avenue, Prestonsburg, KY 41653 | September 20, 1976 | Full Service Brick and Mortar | |
| 6 | 357485 | Pikeville Lending Center | 3780 North Mayo Trail, Pikeville, KY 41501 | July 24, 2000 | Limited Service Loan Production | |
| 7 | 357487 | Morehead Lending Center | 1390 Flemingsburg Road, Morehead, KY 40351 | July 24, 2000 | Limited Service Loan Production | |
| 8 | 464513 | Pikeville Branch | 262 Cassidy Boulevard, Pikeville, KY 41501 | June 18, 2007 | Full Service Brick and Mortar | |
| 9 | 42555 | Family Bank Branch | 232 Main Street, Paintsville, KY 41240 | June 01, 1936 | Full Service Brick and Mortar | |
| 10 | 276929 | Inez Branch | 87 Main Street, Inez, KY 41224 | June 01, 1936 | Full Service Brick and Mortar | |
| 11 | 276930 | Downtown Salyersville | 111 S Church Street, Salyersville, KY 41465 | June 01, 1936 | Full Service Brick and Mortar | |
| 13 | 441453 | Pikeville N Mayo Trail | 3822 North Mayo Trail, Pikeville, KY 41501 | March 21, 2001 | Full Service Brick and Mortar | |
| 14 | 441454 | Salyersville Parkway Branch | 230 East Mountain Parkway, Salyersville, KY 41465 | April 09, 2001 | Full Service Brick and Mortar | |
| 15 | 495446 | Paintsville Mayo Plaza Branch | 601 N Mayo Trail, Paintsville, KY 41240 | June 30, 2009 | Full Service Brick and Mortar | |
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