The First Commonwealth Bank of Prestonsburg, Inc. in Prestonsburg, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

The First Commonwealth Bank of Prestonsburg, Inc. - Overview

  • 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
    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)

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
  • 101Total employees (full-time equivalent)
  • $310,871Total assets
  • $11,819Cash and due from depository institutions
  • $6,660Interest-bearing balances
  • $119,409Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $160,722Net loans & leases
  • $1,150Loan loss allowance
  • $0Trading account assets
  • $9,891Bank premises and fixed assets
  • $410Other real estate owned
  • $3,002Goodwill and other intangibles
  • $310,871Life insurance assets
  • $5,618All other assets
  • $273,080Total liabilities and capital
  • $226,637Total liabilities
  • $184,212Total deposits
  • $226,637Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 15486.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $27,535Trading liabilities
  • $0Other borrowed funds
  • $3,422Subordinated debt
  • $37,791All other liabilities
  • $37,791Total equity capital
  • $37,791Total bank equity capital
  • $0Perpetual preferred stock
  • $858Common stock
  • $18,037Surplus
  • $18,896Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $534Income earned, not collected on loans
  • $0Earning assets
  • $1,338Long-term assets (5+ years)
  • $286,791Average Assets, year-to-date
  • $149,321Average Assets, quarterly
  • $262,597Volatile liabilities
  • $311,797Insider loans
  • $188,810FHLB advances
  • $307,468Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $29,395Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,733Restructured Loans and leases
  • $1,320Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,594Total interest income
  • $1,366Total interest expense
  • $10,228Net interest income
  • $285Provision for loan and lease losses
  • $2,235Total noninterest income
  • $0Fiduciary activities
  • $1,282Service charges on deposit accounts
  • $0Trading account gains & fees
  • $953Additional noninterest income
  • $8,782Total noninterest expense
  • $4,350Salaries and employee benefits
  • $1,316Premises and equipment expense
  • $3,116Additional noninterest expense
  • $3,396Pre-tax net operating income
  • $998Securities gains (losses)
  • $0Applicable income taxes
  • $4,394Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,394Net income attributable to bank
  • $0Net charge-offs
  • $4,394Cash dividends
  • $143Sale, conversion, retirement of capital stock, net
  • $3,650Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.79%Yield on earning assets
  • 0.56%Cost of funding earning assets
  • 4.23%Net interest margin
  • 0.92%Noninterest income to earning assets
  • 3.63%Noninterest expense to earning assets
  • 1.29%Net operating income to assets
  • 1.67%Return on assets (ROA)
  • 1.67%Pretax return on assets
  • 14.51%Return on equity (ROE)
  • 2.46%Retained earnings to average equity (YTD only)
  • 0.10%Net charge-offs to loans
  • 199.30%Credit loss provision to net charge-offs
  • 25.74%Efficiency ratio
  • 69,341Assets per employee
  • 3.08%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 83.07%Loss allowance to loans
  • 0.71%Loss allowance to noncurrent loans
  • 215.36%Noncurrent assets plus other real estate owned to assets
  • 0.30%Noncurrent loans to loans
  • 0.33%Net loans and leases to deposits
  • 70.92%Net loans and leases to core deposits
  • 75.05%Equity capital to assets
  • 12.16%Core capital (leverage) ratio
  • 9.56%Tier 1 risk-based capital ratio
  • 15.57%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $262,597Average earning assets
  • $30,287Average equity
  • $241,884Average loans

List of branches

  • 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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