Town Square Bank, Inc. in Ashland, Kentucky (KY)



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Town Square Bank, Inc. routing number info

Table of contents:
Town Square Bank, Inc.
GeneralFDIC Certificate #: 35337
Status: Active
Federal Reserve ID: 2869667
Bank Holding Company (Regulatory Top Holder): Town Square Financial Corporation (RSSDID: 3213463, Location: Ashland, KY)
Date Established: Febuary 18, 2000
WWW: http://www.townsquarebank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Domestic: 5, Interstate: No)
FDIC's unique #: 78243
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: Febuary 18, 2000
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 9431 U.S. Route 60, Ashland, KY 41101
County: Boyd
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
Metropolitan Statistical Area (MSA): Huntington-Ashland, WV-KY-OH (#3400)
Core Based Statistical Area (CBSA): Huntington-Ashland, WV-KY-OH (#26580)
CBSA Metro Statistical Area: Huntington-Ashland, WV-KY-OH (#26580)
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $177.2 mil
Equity capital: $16.4 mil
Deposits held in domestic offices: $143.3 mil
Return on assets (ROA): 0.48% ($0.8 mil)
Quarterly return on assets: -1.83% (-$3.2 mil)
Return on Equity (ROE): 5.14% ($0.8 mil)
Quarterly return on equity: -19.06% (-$3.0 mil)
Net income: $0.8 mil
Quarterly Net income: -$0.8 mil
Pretax return on assets: 0.48% ($850.5 mil)
Quarterly Pretax return on assets: -1.83% (-$3,242.6 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)52
Total assets$177,190
Cash and due from depository institutions$5,988
Interest-bearing balances$66
Securities$27,956
Federal funds sold & reverse repurchase agreements$5,137
Net loans & leases$130,823
Loan loss allowance $1,616
Trading account assets$0
Bank premises and fixed assets$2,817
Other real estate owned$2,277
Goodwill and other intangibles$0
All other assets$2,192
Life insurance assets$177,190
Total liabilities and capital$160,750
Total liabilities$143,328
Total deposits$104,214
Interest-bearing deposits$143,328
Deposits held in domestic offices$92
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$17,033
Other borrowed funds $0
Subordinated debt $389
All other liabilities $16,440
Total equity capital$16,440
Total bank equity capital$16,440
Perpetual preferred stock$0
Common stock$2,429
Surplus$8,721
Undivided profits $5,290
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 $5,759
Earning assets $0
Long-term assets (5+ years) $679
Average Assets, year-to-date $163,982
Average Assets, quarterly $101,528
Volatile liabilities $172,127
Insider loans $175,448
FHLB advances $128,197
Loans and leases held for sale $178,586
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $16,016
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $14,259
Derivatives$2,885
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $8,771
Total interest expense $2,144
Net interest income $6,627
Provision for loan and lease losses $1,013
Total noninterest income $1,190
Fiduciary activities $0
Service charges on deposit accounts $462
Trading account gains & fees $0
Additional noninterest income $728
Total noninterest expense $5,983
Salaries and employee benefits $2,826
Premises and equipment expense $791
Additional noninterest expense $2,366
Pre-tax net operating income $821
Securities gains (losses) $13
Applicable income taxes $0
Income before extraordinary items $834
Extraordinary gains - net $0
Net income attributable to bank $834
Net charge-offs $0
Cash dividends $834
Sale, conversion, retirement of capital stock, net $1,303
Net operating income $360
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.41%
Cost of funding earning assets 1.32%
Net interest margin 4.09%
Noninterest income to earning assets 0.73%
Noninterest expense to earning assets 3.69%
Net operating income to assets 0.48%
Return on assets (ROA) 0.48%
Pretax return on assets 0.48%
Return on equity (ROE) 5.14%
Retained earnings to average equity (YTD only) 2.92%
Net charge-offs to loans 0.97%
Credit loss provision to net charge-offs 77.74%
Efficiency ratio1.41%
Assets per employee$76,538
Cash dividends to net income (YTD only)3.41%
Condition Ratios (%)
Loss allowance to loans 43.17%
Loss allowance to noncurrent loans 1.22%
Noncurrent assets plus other real estate owned to assets 28.06%
Noncurrent loans to loans 4.54%
Net loans and leases to deposits4.35%
Net loans and leases to core deposits 91.28%
Equity capital to assets 94.86%
Core capital (leverage) ratio 9.28%
Tier 1 risk-based capital ratio 8.97%
Total risk-based capital ratio 12.49%
Memoranda
Average assets$14
Average earning assets$172,127
Average equity $16,241
Average loans $162,066
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5 Kentucky Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
078243Town Square Bank, Inc.9431 U.S. Route 60, Ashland, KY 41101Febuary 18, 2000Full Service Brick and Mortar
1364332Midtown Branch621 Martin Luther King Jr. Boulevard, Ashland, KY 41101June 25, 2001Full Service Brick and Mortar
2429581Nicholasville Branch150 South Main Street, Nicholasville, KY 40356July 07, 2003Full Service Brick and Mortar
3464391Messenger Service At Ashland9431 Us Highway 60, Ashland, KY 41102June 07, 2007Limited Service Messenger
4515974Catlettsburg Branch3500 Court Street, Catlettsburg, KY 41129January 12, 2011Full Service Retail
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