Town & Country Bank and Trust Company in Bardstown, Kentucky (KY)
| Town & Country Bank and Trust Company | |
|---|---|
| General | FDIC Certificate #: 15703 Status: Active Federal Reserve ID: 692946 Bank Holding Company (Regulatory Top Holder): First Farmers Bank Holding Company (RSSDID: 1100112, Location: Bardstown, KY) Date Established: September 09, 1907 WWW: http://www.mytcbt.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 11 (Domestic: 11, Interstate: No) OTS Docket #: 11172 FDIC's unique #: 9970 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: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: November 25, 1939 Last Structure Change Effective Date: January 10, 2009 Last Structure Change Process Date: Febuary 02, 2009 Last Data Update: Febuary 02, 2009 Data Source Date: April 05, 2012 |
| Location | Address: 201 N. Third Street, Bardstown, KY 40004 County: Nelson 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 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 | Office Purchased |
| Financial Summary | Total assets: $378.2 mil Equity capital: $35.3 mil Deposits held in domestic offices: $310.5 mil Return on assets (ROA): -2.25% (-$8.5 mil) Quarterly return on assets: -4.23% (-$16.0 mil) Return on Equity (ROE): -24.33% (-$8.5 mil) Quarterly return on equity: -43.67% (-$15.3 mil) Net income: -$9.2 mil Quarterly Net income: -$4.1 mil Pretax return on assets: -3.37% (-$12,746.4 mil) Quarterly Pretax return on assets: -6.25% (-$23,639.4 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 129 |
| Total assets | $378,231 |
| Cash and due from depository institutions | $61,216 |
| Interest-bearing balances | $48,049 |
| Securities | $38,085 |
| Federal funds sold & reverse repurchase agreements | $4,542 |
| Net loans & leases | $243,339 |
| Loan loss allowance | $13,386 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $9,871 |
| Other real estate owned | $7,474 |
| Goodwill and other intangibles | $233 |
| All other assets | $13,471 |
| Life insurance assets | $378,231 |
| Total liabilities and capital | $342,938 |
| Total liabilities | $310,509 |
| Total deposits | $246,491 |
| Interest-bearing deposits | $310,509 |
| Deposits held in domestic offices | $95 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $29,861 |
| Other borrowed funds | $0 |
| Subordinated debt | $2,568 |
| All other liabilities | $35,293 |
| Total equity capital | $35,293 |
| Total bank equity capital | $35,293 |
| Perpetual preferred stock | $0 |
| Common stock | $1,000 |
| Surplus | $24,404 |
| Undivided profits | $9,889 |
| 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 | $21,203 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $1,185 |
| Average Assets, year-to-date | $334,015 |
| Average Assets, quarterly | $85,282 |
| Volatile liabilities | $410,212 |
| Insider loans | $385,344 |
| FHLB advances | $251,253 |
| Loans and leases held for sale | $378,354 |
| Unused loan commitments | $236 |
| Tier 1 (core) risk-based capital | $236 |
| Tier 2 risk-based capital | $26,884 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $25,943 |
| Derivatives | $1,550 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $17,404 |
| Total interest expense | $4,274 |
| Net interest income | $13,130 |
| Provision for loan and lease losses | $12,990 |
| Total noninterest income | $2,535 |
| Fiduciary activities | $1,533 |
| Service charges on deposit accounts | $1,548 |
| Trading account gains & fees | $0 |
| Additional noninterest income | -$546 |
| Total noninterest expense | $16,583 |
| Salaries and employee benefits | $7,559 |
| Premises and equipment expense | $1,994 |
| Additional noninterest expense | $7,030 |
| Pre-tax net operating income | -$13,908 |
| Securities gains (losses) | $94 |
| Applicable income taxes | -$4,593 |
| Income before extraordinary items | -$9,221 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$9,221 |
| Net charge-offs | $0 |
| Cash dividends | -$9,221 |
| Sale, conversion, retirement of capital stock, net | $9,183 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.68% |
| Cost of funding earning assets | 1.15% |
| Net interest margin | 3.53% |
| Noninterest income to earning assets | 0.68% |
| Noninterest expense to earning assets | 4.46% |
| Net operating income to assets | -2.26% |
| Return on assets (ROA) | -2.25% |
| Pretax return on assets | -3.37% |
| Return on equity (ROE) | -24.33% |
| Retained earnings to average equity (YTD only) | -24.33% |
| Net charge-offs to loans | 3.06% |
| Credit loss provision to net charge-offs | 141.46% |
| Efficiency ratio | -0.10% |
| Assets per employee | $105,560 |
| Cash dividends to net income (YTD only) | 2.93% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 5.21% |
| Noncurrent assets plus other real estate owned to assets | 63.13% |
| Noncurrent loans to loans | 7.58% |
| Net loans and leases to deposits | 8.26% |
| Net loans and leases to core deposits | 78.37% |
| Equity capital to assets | 80.81% |
| Core capital (leverage) ratio | 9.33% |
| Tier 1 risk-based capital ratio | 7.11% |
| Total risk-based capital ratio | 10.70% |
| Memoranda | |
| Average assets | $12 |
| Average earning assets | $410,212 |
| Average equity | $37,907 |
| Average loans | $371,490 |
| Total Fiduciary and Related Assets (December 31, 2011) (Dollar figures in thousands) | |
| Total fiduciary and related assets | $1 |
| Number of Fiduciary Accounts and Related Asset Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $282,040 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $282,040 |
| Employee benefit-defined contribution accounts | $139,946 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $0 |
| Corporate trust and agency accounts | $49,316 |
| Investment management agency accounts | $0 |
| Other fiduciary accounts | $92,778 |
| Fiduciary accounts held in foreign offices | $0 |
| Non-managed Assets | $0 |
| Number of Accounts | 275 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $0 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $0 |
| Corporate trust and agency accounts | $0 |
| Other fiduciary accounts | $0 |
| Fiduciary accounts held in foreign offices | $0 |
| 11 Kentucky Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 9970 | Town & Country Bank And Trust Compan | 201 N. Third Street, Bardstown, KY 40004 | September 09, 1907 | Full Service Brick and Mortar |  |
| 1 | 235053 | Bardstown Plaza Branch | 237 Nelson Plaza, Bardstown, KY 40004 | Febuary 02, 1976 | Full Service Brick and Mortar |  |
| 2 | 221 | New Haven Branch | Main Street, New Haven, KY 40051 | June 05, 1905 | Full Service Brick and Mortar | |
| 3 | 235054 | West John Rowan Boulevard Branch | 90 West John Rowan Boulevard, Bardstown, KY 40004 | October 31, 1990 | Full Service Brick and Mortar | |
| 4 | 431153 | Georgetown Branch | 101 Canewood Center Drive, Georgetown, KY 40324 | August 05, 2004 | Full Service Brick and Mortar | |
| 5 | 445959 | Versailles Branch | 116 North Main Street, Versailles, KY 40383 | October 24, 2005 | Full Service Brick and Mortar | |
| 6 | 455793 | Hunters Village Branch | 4181 New Shepherdsville Road, Bardstown, KY 40004 | October 09, 2006 | Full Service Brick and Mortar | |
| 7 | 478286 | Village Park Drive Branch | 101 Village Park Drive, Georgetown, KY 40324 | July 07, 2008 | Full Service Brick and Mortar | |
| 8 | 480776 | Brannon Road Branch | 3082 Brannon Road, Nicholasville, KY 40356 | August 25, 2008 | Full Service Brick and Mortar | |
| 9 | 194074 | Lawrenceburg Branch | U.S. Highways 127, Lawrenceburg, KY 40342 | November 01, 1982 | Full Service Brick and Mortar | |
| 10 | 194075 | 100 Main Street Branch | 100 Main Street, Lawrenceburg, KY 40342 | January 02, 1997 | Full Service Brick and Mortar | |
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