Town Square Bank, Inc. in Ashland, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

Town Square Bank, Inc. - Overview

  • General
  • FDIC 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
    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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 52Total employees (full-time equivalent)
  • $177,190Total assets
  • $5,988Cash and due from depository institutions
  • $66Interest-bearing balances
  • $27,956Securities
  • $5,137Federal funds sold & reverse repurchase agreements
  • $130,823Net loans & leases
  • $1,616Loan loss allowance
  • $0Trading account assets
  • $2,817Bank premises and fixed assets
  • $2,277Other real estate owned
  • $0Goodwill and other intangibles
  • $177,190Life insurance assets
  • $2,192All other assets
  • $160,750Total liabilities and capital
  • $143,328Total liabilities
  • $104,214Total deposits
  • $143,328Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $17,033Trading liabilities
  • $0Other borrowed funds
  • $389Subordinated debt
  • $16,440All other liabilities
  • $16,440Total equity capital
  • $16,440Total bank equity capital
  • $0Perpetual preferred stock
  • $2,429Common stock
  • $8,721Surplus
  • $5,290Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,759Income earned, not collected on loans
  • $0Earning assets
  • $679Long-term assets (5+ years)
  • $163,982Average Assets, year-to-date
  • $101,528Average Assets, quarterly
  • $172,127Volatile liabilities
  • $175,448Insider loans
  • $128,197FHLB advances
  • $178,586Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $16,016Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $14,259Restructured Loans and leases
  • $2,885Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,771Total interest income
  • $2,144Total interest expense
  • $6,627Net interest income
  • $1,013Provision for loan and lease losses
  • $1,190Total noninterest income
  • $0Fiduciary activities
  • $462Service charges on deposit accounts
  • $0Trading account gains & fees
  • $728Additional noninterest income
  • $5,983Total noninterest expense
  • $2,826Salaries and employee benefits
  • $791Premises and equipment expense
  • $2,366Additional noninterest expense
  • $821Pre-tax net operating income
  • $13Securities gains (losses)
  • $0Applicable income taxes
  • $834Income before extraordinary items
  • $0Extraordinary gains - net
  • $834Net income attributable to bank
  • $0Net charge-offs
  • $834Cash dividends
  • $1,303Sale, conversion, retirement of capital stock, net
  • $360Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.41%Yield on earning assets
  • 1.32%Cost of funding earning assets
  • 4.09%Net interest margin
  • 0.73%Noninterest income to earning assets
  • 3.69%Noninterest expense to earning assets
  • 0.48%Net operating income to assets
  • 0.48%Return on assets (ROA)
  • 0.48%Pretax return on assets
  • 5.14%Return on equity (ROE)
  • 2.92%Retained earnings to average equity (YTD only)
  • 0.97%Net charge-offs to loans
  • 77.74%Credit loss provision to net charge-offs
  • 1.41%Efficiency ratio
  • 76,538Assets per employee
  • 3.41%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 43.17%Loss allowance to loans
  • 1.22%Loss allowance to noncurrent loans
  • 28.06%Noncurrent assets plus other real estate owned to assets
  • 4.54%Noncurrent loans to loans
  • 4.35%Net loans and leases to deposits
  • 91.28%Net loans and leases to core deposits
  • 94.86%Equity capital to assets
  • 9.28%Core capital (leverage) ratio
  • 8.97%Tier 1 risk-based capital ratio
  • 12.49%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $172,127Average earning assets
  • $16,241Average equity
  • $162,066Average loans

List of branches

  • 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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