Traditional Bank, Inc. in Mount Sterling, Kentucky (KY)



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Traditional Bank, Inc. routing number info

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Traditional Bank, Inc.
GeneralFDIC Certificate #: 2711
Status: Active
Federal Reserve ID: 786210
Bank Holding Company (Regulatory Top Holder): Traditional Bancorporation, Inc. (RSSDID: 1070420, Location: Mount Sterling, KY)
Date Established: March 17, 1902
WWW: http://www.traditionalbank.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 12 (Domestic: 12, Interstate: No)
OTS Docket #: 10648
FDIC's unique #: 1753
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: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 49 W. Main Street, Mount Sterling, KY 40353
County: Montgomery
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
Combined Statistical Area (CSA): Lexington-Fayette-Frankfort-Richmond, KY (#336)
Core Based Statistical Area (CBSA): Mount Sterling, KY (#34460)
CBSA Micro Statistical Area: Yes
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $1,078.8 mil
Equity capital: $101.1 mil
Deposits held in domestic offices: $872.1 mil
Return on assets (ROA): 1.11% ($12.0 mil)
Quarterly return on assets: 1.30% ($14.0 mil)
Return on Equity (ROE): 12.63% ($12.8 mil)
Quarterly return on equity: 13.82% ($14.0 mil)
Net income: $11.8 mil
Quarterly Net income: $3.4 mil
Pretax return on assets: 1.11% ($11,974.6 mil)
Quarterly Pretax return on assets: 1.30% ($14,024.3 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)
Total employees (full-time equivalent)190
Total assets$1,078,796
Cash and due from depository institutions$14,002
Interest-bearing balances$1,580
Securities$282,816
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$734,840
Loan loss allowance $12,838
Trading account assets$0
Bank premises and fixed assets$9,382
Other real estate owned$7,314
Goodwill and other intangibles$192
All other assets$30,250
Life insurance assets$1,078,796
Total liabilities and capital$977,739
Total liabilities$872,133
Total deposits$847,783
Interest-bearing deposits$872,133
Deposits held in domestic offices$78
% insured (estimated)27838.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$70,507
Other borrowed funds $0
Subordinated debt $7,261
All other liabilities $101,057
Total equity capital$101,057
Total bank equity capital$101,057
Perpetual preferred stock$0
Common stock$4,000
Surplus$9,550
Undivided profits $87,507
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $841
Income earned, not collected on loans $10,383
Earning assets $35
Long-term assets (5+ years) $5,191
Average Assets, year-to-date $1,019,236
Average Assets, quarterly $298,396
Volatile liabilities $1,061,624
Insider loans $1,062,504
FHLB advances $805,438
Loans and leases held for sale $1,068,176
Unused loan commitments $14,475
Tier 1 (core) risk-based capital $14,475
Tier 2 risk-based capital $92,104
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $95,100
Derivatives$16,065
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $48,230
Total interest expense $12,463
Net interest income $35,767
Provision for loan and lease losses $8,502
Total noninterest income $6,307
Fiduciary activities $0
Service charges on deposit accounts $3,039
Trading account gains & fees $0
Additional noninterest income $3,268
Total noninterest expense $22,315
Salaries and employee benefits $11,928
Premises and equipment expense $2,661
Additional noninterest expense $7,726
Pre-tax net operating income $11,257
Securities gains (losses) $555
Applicable income taxes $0
Income before extraordinary items $11,812
Extraordinary gains - net $0
Net income attributable to bank $11,812
Net charge-offs $0
Cash dividends $11,812
Sale, conversion, retirement of capital stock, net $8,570
Net operating income $3,345
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.80%
Cost of funding earning assets 1.24%
Net interest margin 3.56%
Noninterest income to earning assets 0.63%
Noninterest expense to earning assets 2.22%
Net operating income to assets 1.06%
Return on assets (ROA) 1.11%
Pretax return on assets 1.11%
Return on equity (ROE) 12.63%
Retained earnings to average equity (YTD only) 9.05%
Net charge-offs to loans 1.16%
Credit loss provision to net charge-offs 99.21%
Efficiency ratio2.31%
Assets per employee$53,038
Cash dividends to net income (YTD only)5.68%
Condition Ratios (%)
Loss allowance to loans 28.32%
Loss allowance to noncurrent loans 1.72%
Noncurrent assets plus other real estate owned to assets 123.64%
Noncurrent loans to loans 1.64%
Net loans and leases to deposits1.39%
Net loans and leases to core deposits 84.26%
Equity capital to assets 104.67%
Core capital (leverage) ratio 9.37%
Tier 1 risk-based capital ratio 8.62%
Total risk-based capital ratio 11.44%
Memoranda
Average assets$13
Average earning assets$1,061,624
Average equity $93,553
Average loans $1,004,934
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Total Fiduciary and Related Assets (December 31, 2003)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$745
Number of Accounts1
Personal trust and agency accounts$735
Employee benefit-defined contribution accounts$716
Employee benefit-defined benefit accounts$1
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$1
Other fiduciary accounts$17
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts21
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$10
Corporate trust and agency accounts$3
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$7
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12 Kentucky Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
01753Traditional Bank, Inc.49 W. Main Street, Mount Sterling, KY 40353March 17, 1902Full Service Brick and Mortar
1193937Maysville Road BranchMt. Sterling By-Pass & Maysville Road, Mount Sterling, KY 40353August 08, 1978Full Service Brick and Mortar
3193941Menifee County Branch100 Walnut Street, Frenchburg, KY 40322November 01, 1962Full Service Brick and Mortar
5193943Montgomery Square BranchMontgomery Square Shopping Center, Mount Sterling, KY 40353October 09, 1973Full Service Brick and Mortar
6193944Jeffersonville BranchU.S. Highway 460 South, Jeffersonville, KY 40337December 01, 1983Full Service Brick and Mortar
7193938Midland Trail Branch7450 Indian Mound Drive, Mount Sterling, KY 40353September 06, 1995Full Service Brick and Mortar
856296Palomar Centre Branch3720 Palomar Centre Dr., Lexington, KY 40513April 01, 1996Full Service Brick and Mortar
9290419Short Street Branch163 W. Short St. Suite 100, Lexington, KY 40507April 15, 1998Full Service Brick and Mortar
10290420Winchester Branch875 Colby Rd., Winchester, KY 40391April 15, 1998Full Service Brick and Mortar
11446258Paris Branch3333 Lexington Road, Paris, KY 40361November 21, 2005Full Service Brick and Mortar
12446277Palumbo Branch2801 Palumbo Drive, Lexington, KY 40509January 09, 2006Full Service Brick and Mortar
13450611Tates Creek Road Branch3353 Tates Creek Road, Lexington, KY 40502April 12, 2006Full Service Brick and Mortar
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