The Peoples Bank in Mount Washington, Kentucky (KY)
| The Peoples Bank | |
|---|---|
| General | FDIC Certificate #: 5847 Status: Active Federal Reserve ID: 271341 Bank Holding Company (Regulatory Top Holder): Crossroads Bancorp, Inc. (RSSDID: 1099999, Location: Mount Washington, KY) Date Established: January 01, 1909 WWW: http://www.peoplesbankmtw.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Domestic: 2, Interstate: No) OTS Docket #: 8844 FDIC's unique #: 3997 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: Commercial Lending Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: June 02, 2010 Last Structure Change Process Date: June 02, 2010 Last Data Update: June 02, 2010 Data Source Date: April 05, 2012 |
| Location | Address: 201 North Bardstown Road, Mount Washington, KY 40047 County: Bullitt Quarterly Banking Profile Region: Chicago FDIC Geographic Region: Chicago FDIC Supervisory Region: Chicago FDIC Field Office: Elizabethtown Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Louisville, KY-IN (#4520) Combined Statistical Area (CSA): Louisville-Jefferson County-Elizabethtown-Scottsburg, KY-IN (#350) Core Based Statistical Area (CBSA): Louisville-Jefferson County, KY-IN (#31140) CBSA Metro Statistical Area: Louisville-Jefferson County, KY-IN (#31140) |
| History of Changes | Change in Location |
| Financial Summary | Total assets: $84.6 mil Equity capital: $9.4 mil Deposits held in domestic offices: $74.3 mil Return on assets (ROA): -2.40% (-$2.0 mil) Quarterly return on assets: -9.80% (-$8.3 mil) Return on Equity (ROE): -18.90% (-$1.7 mil) Quarterly return on equity: -80.30% (-$7.2 mil) Net income: -$2.1 mil Quarterly Net income: -$2.1 mil Pretax return on assets: -2.40% (-$2,029.7 mil) Quarterly Pretax return on assets: -9.80% (-$8,288.0 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 24 |
| Total assets | $84,571 |
| Cash and due from depository institutions | $5,301 |
| Interest-bearing balances | $171 |
| Securities | $13,867 |
| Federal funds sold & reverse repurchase agreements | $6,859 |
| Net loans & leases | $50,945 |
| Loan loss allowance | $1,483 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $2,081 |
| Other real estate owned | $2,411 |
| Goodwill and other intangibles | $402 |
| All other assets | $2,705 |
| Life insurance assets | $84,571 |
| Total liabilities and capital | $75,138 |
| Total liabilities | $74,281 |
| Total deposits | $60,916 |
| Interest-bearing deposits | $74,281 |
| Deposits held in domestic offices | $94 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $645 |
| Other borrowed funds | $0 |
| Subordinated debt | $212 |
| All other liabilities | $9,433 |
| Total equity capital | $9,433 |
| Total bank equity capital | $9,433 |
| Perpetual preferred stock | $0 |
| Common stock | $271 |
| Surplus | $6,400 |
| Undivided profits | $2,762 |
| 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 | $4,380 |
| Earning assets | $182 |
| Long-term assets (5+ years) | $299 |
| Average Assets, year-to-date | $71,842 |
| Average Assets, quarterly | $24,424 |
| Volatile liabilities | $86,987 |
| Insider loans | $86,137 |
| FHLB advances | $58,296 |
| Loans and leases held for sale | $85,771 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $8,627 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $12,380 |
| Derivatives | $287 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $3,626 |
| Total interest expense | $916 |
| Net interest income | $2,710 |
| Provision for loan and lease losses | $1,740 |
| Total noninterest income | $67 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $372 |
| Trading account gains & fees | $0 |
| Additional noninterest income | -$305 |
| Total noninterest expense | $3,129 |
| Salaries and employee benefits | $1,324 |
| Premises and equipment expense | $405 |
| Additional noninterest expense | $1,400 |
| Pre-tax net operating income | -$2,092 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $0 |
| Income before extraordinary items | -$2,092 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$2,092 |
| Net charge-offs | $0 |
| Cash dividends | -$2,092 |
| Sale, conversion, retirement of capital stock, net | $1,491 |
| Net operating income | $200 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.95% |
| Cost of funding earning assets | 1.25% |
| Net interest margin | 3.70% |
| Noninterest income to earning assets | 0.09% |
| Noninterest expense to earning assets | 4.27% |
| Net operating income to assets | -2.40% |
| Return on assets (ROA) | -2.40% |
| Pretax return on assets | -2.40% |
| Return on equity (ROE) | -18.90% |
| Retained earnings to average equity (YTD only) | -20.70% |
| Net charge-offs to loans | 2.68% |
| Credit loss provision to net charge-offs | 116.70% |
| Efficiency ratio | -0.24% |
| Assets per employee | $112,676 |
| Cash dividends to net income (YTD only) | 3.52% |
| Condition Ratios (%) | |
| Loss allowance to loans | -9.56% |
| Loss allowance to noncurrent loans | 2.83% |
| Noncurrent assets plus other real estate owned to assets | 33.86% |
| Noncurrent loans to loans | 8.03% |
| Net loans and leases to deposits | 8.35% |
| Net loans and leases to core deposits | 68.58% |
| Equity capital to assets | 69.62% |
| Core capital (leverage) ratio | 11.15% |
| Tier 1 risk-based capital ratio | 10.06% |
| Total risk-based capital ratio | 14.80% |
| Memoranda | |
| Average assets | $16 |
| Average earning assets | $86,987 |
| Average equity | $11,070 |
| Average loans | $73,278 |
| 2 Kentucky Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 3997 | The Peoples Bank | 201 North Bardstown Road, Mount Washington, KY 40047 | January 01, 1909 | Full Service Brick and Mortar |  |
| 2 | 358958 | Mount Washington Drive In Branch | 415 Oakbrooke Drive, Mount Washington, KY 40047 | March 13, 2000 | Full Service Brick and Mortar |  |
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