Victory Community Bank in Fort Mitchell, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Victory Community Bank in Fort Mitchell, Kentucky (KY)
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Victory Community Bank - Overview

  • General
  • FDIC Certificate #: 57277
    Status: Active
    Federal Reserve ID: 3153345
    Date Established: December 09, 2002
    WWW: http://www.victorycommunitybank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 17868
    FDIC's unique #: 360590
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: December 09, 2002
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 2500 Chamber Center Drive, Suite 100, Fort Mitchell, KY 41017
    County: Kenton
    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): Cincinnati, OH-KY-IN (#1640)
    Consolidated Metropolitan Statistical Area (CMSA): Cincinnati-Hamilton, OH-KY-IN (#21)
    Combined Statistical Area (CSA): Cincinnati-Middletown-Wilmington, OH-KY-IN (#178)
    Core Based Statistical Area (CBSA): Cincinnati-Middletown, OH-KY-IN (#17140)
    CBSA Metro Statistical Area: Cincinnati-Middletown, OH-KY-IN (#17140)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $151.7 mil
    Equity capital: $18.3 mil
    Deposits held in domestic offices: $113.9 mil
    Return on assets (ROA): 1.95% ($3.0 mil)
    Quarterly return on assets: 2.67% ($4.1 mil)
    Return on Equity (ROE): 16.76% ($3.0 mil)
    Quarterly return on equity: 22.34% ($4.0 mil)
    Net income: $2.9 mil
    Quarterly Net income: $1.0 mil
    Pretax return on assets: 1.95% ($2,957.6 mil)
    Quarterly Pretax return on assets: 2.67% ($4,049.6 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
  • 21Total employees (full-time equivalent)
  • $151,671Total assets
  • $10,763Cash and due from depository institutions
  • $7,697Interest-bearing balances
  • $15,801Securities
  • $2,819Federal funds sold & reverse repurchase agreements
  • $116,491Net loans & leases
  • $645Loan loss allowance
  • $0Trading account assets
  • $1,193Bank premises and fixed assets
  • $2,281Other real estate owned
  • $0Goodwill and other intangibles
  • $151,671Life insurance assets
  • $2,323All other assets
  • $133,391Total liabilities and capital
  • $113,877Total liabilities
  • $98,290Total deposits
  • $113,877Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $18,819Trading liabilities
  • $0Other borrowed funds
  • $695Subordinated debt
  • $18,280All other liabilities
  • $18,280Total equity capital
  • $18,280Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $5,200Surplus
  • $13,080Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,694Income earned, not collected on loans
  • $0Earning assets
  • $566Long-term assets (5+ years)
  • $142,808Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $146,011Volatile liabilities
  • $148,873Insider loans
  • $91,293FHLB advances
  • $151,623Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $18,232Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $28,586Restructured Loans and leases
  • $1,822Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,399Total interest income
  • $1,878Total interest expense
  • $4,521Net interest income
  • $186Provision for loan and lease losses
  • $1,372Total noninterest income
  • $0Fiduciary activities
  • $53Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,319Additional noninterest income
  • $2,871Total noninterest expense
  • $1,584Salaries and employee benefits
  • $452Premises and equipment expense
  • $835Additional noninterest expense
  • $2,836Pre-tax net operating income
  • $17Securities gains (losses)
  • $0Applicable income taxes
  • $2,853Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,853Net income attributable to bank
  • $0Net charge-offs
  • $2,853Cash dividends
  • $44Sale, conversion, retirement of capital stock, net
  • $750Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.61%Yield on earning assets
  • 1.35%Cost of funding earning assets
  • 3.26%Net interest margin
  • 0.99%Noninterest income to earning assets
  • 2.07%Noninterest expense to earning assets
  • 1.94%Net operating income to assets
  • 1.95%Return on assets (ROA)
  • 1.95%Pretax return on assets
  • 16.76%Return on equity (ROE)
  • 12.35%Retained earnings to average equity (YTD only)
  • 0.04%Net charge-offs to loans
  • 422.73%Credit loss provision to net charge-offs
  • 68.68%Efficiency ratio
  • 48,719Assets per employee
  • 7.22%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 26.29%Loss allowance to loans
  • 0.55%Loss allowance to noncurrent loans
  • 38.08%Noncurrent assets plus other real estate owned to assets
  • 2.62%Noncurrent loans to loans
  • 1.45%Net loans and leases to deposits
  • 102.30%Net loans and leases to core deposits
  • 104.12%Equity capital to assets
  • 12.05%Core capital (leverage) ratio
  • 12.02%Tier 1 risk-based capital ratio
  • 19.97%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $146,011Average earning assets
  • $17,022Average equity
  • $138,696Average loans

List of branches

  • 3 Kentucky Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    0360590Victory Community Bank2500 Chamber Center Drive, Suite 100, Fort Mitchell, KY 41017December 09, 2002Full Service Brick and Mortar
    1464162Fort Thomas Branch602 South Fort Thomas Avenue, Fort Thomas, KY 41075May 01, 2006Full Service Brick and Mortar
    2365004Florence Branch8735 Us 42, Florence, KY 41042January 15, 2001Full Service Brick and Mortar

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