Tri-County National Bank in Corbin, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 31, 2007

Tri-County National Bank in Corbin, Kentucky (KY)
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Tri-County National Bank - Overview

General
FDIC Certificate #: 26376
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: FORCHT BANK, NATIONAL ASSOCIATION (#57415)
Federal Reserve ID: 843711
Date Established: September 12, 1985
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 5 (Interstate: No)
OTS Docket #: 12565
FDIC's unique #: 32974
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: No
Date of Deposit Insurance: September 12, 1985
Last Structure Change Effective Date: December 31, 2007
Last Structure Change Process Date: January 08, 2008
Last Data Update: January 08, 2008
Data Source Date: April 05, 2012
Location
Address: Master Street And Beatty Avenue, Corbin, KY 40701
County: Knox
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
Financial Summary
Total assets: $99.8 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, 2006)

Dollar figures in thousands
44Total employees (full-time equivalent)
$104,966Total assets
$11,407Cash and due from depository institutions
$54Interest-bearing balances
$15,720Securities
$0Federal funds sold & reverse repurchase agreements
$72,067Net loans & leases
$1,052Loan loss allowance
$0Trading account assets
$4,314Bank premises and fixed assets
$0Other real estate owned
$80Goodwill and other intangibles
$0Life insurance assets
$1,378All other assets
$104,967Total liabilities and capital
$96,527Total liabilities
$89,115Total deposits
$72,407Interest-bearing deposits
$89,115Deposits held in domestic offices
0.00%% insured (estimated)
$4,700Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,000Other borrowed funds
$0Subordinated debt
$712All other liabilities
$8,440Total equity capital
$8,440Total bank equity capital
$8,440Perpetual preferred stock
$0Common stock
$1,840Surplus
$2,373Undivided profits
Memoranda
$4,227Noncurrent loans and leases
$7,627Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$21Earning assets
$0Long-term assets (5+ years)
$493Average Assets, year-to-date
$87,841Average Assets, quarterly
$29,809Volatile liabilities
$96,520Insider loans
$99,601FHLB advances
$15,880Loans and leases held for sale
$2,133Unused loan commitments
$2,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$7,627Total unused commitments
$0Restructured Loans and leases
$804Derivatives

Income and Expense (December 31, 2006)

Dollar figures in thousands
$5,839Total interest income
$2,304Total interest expense
$3,535Net interest income
$73Provision for loan and lease losses
$697Total noninterest income
$0Fiduciary activities
$636Service charges on deposit accounts
$0Trading account gains & fees
$61Additional noninterest income
$3,274Total noninterest expense
$1,469Salaries and employee benefits
$578Premises and equipment expense
$1,227Additional noninterest expense
$885Pre-tax net operating income
$0Securities gains (losses)
$289Applicable income taxes
$596Income before extraordinary items
$0Extraordinary gains - net
$596Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$58Sale, conversion, retirement of capital stock, net
$520Net operating income

Performance and Condition Ratios (December 31, 2006)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.89%Yield on earning assets
2.72%Cost of funding earning assets
4.17%Net interest margin
0.82%Noninterest income to earning assets
3.86%Noninterest expense to earning assets
0.62%Net operating income to assets
0.62%Return on assets (ROA)
0.92%Pretax return on assets
7.12%Return on equity (ROE)
0.91%Retained earnings to average equity (YTD only)
0.08%Net charge-offs to loans
125.86%Credit loss provision to net charge-offs
16.52%Efficiency ratio
76,819Assets per employee
2.39%Cash dividends to net income (YTD only)
Condition Ratios (%)
87.25%Loss allowance to loans
1.44%Loss allowance to noncurrent loans
5009.52%Noncurrent assets plus other real estate owned to assets
0.02%Noncurrent loans to loans
0.03%Net loans and leases to deposits
80.87%Net loans and leases to core deposits
90.16%Equity capital to assets
8.04%Core capital (leverage) ratio
8.77%Tier 1 risk-based capital ratio
13.26%Total risk-based capital ratio
Memoranda
$15Average assets
$96,520Average earning assets
$8,369Average equity
$84,723Average loans

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