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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