Victory Community Bank in Fort Mitchell, Kentucky (KY)
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| Victory Community Bank | |
|---|---|
| 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) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 21 |
| Total assets | $151,671 |
| Cash and due from depository institutions | $10,763 |
| Interest-bearing balances | $7,697 |
| Securities | $15,801 |
| Federal funds sold & reverse repurchase agreements | $2,819 |
| Net loans & leases | $116,491 |
| Loan loss allowance | $645 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,193 |
| Other real estate owned | $2,281 |
| Goodwill and other intangibles | $0 |
| All other assets | $2,323 |
| Life insurance assets | $151,671 |
| Total liabilities and capital | $133,391 |
| Total liabilities | $113,877 |
| Total deposits | $98,290 |
| Interest-bearing deposits | $113,877 |
| Deposits held in domestic offices | $97 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $18,819 |
| Other borrowed funds | $0 |
| Subordinated debt | $695 |
| All other liabilities | $18,280 |
| Total equity capital | $18,280 |
| Total bank equity capital | $18,280 |
| Perpetual preferred stock | $0 |
| Common stock | $0 |
| Surplus | $5,200 |
| Undivided profits | $13,080 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $1,694 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $566 |
| Average Assets, year-to-date | $142,808 |
| Average Assets, quarterly | $0 |
| Volatile liabilities | $146,011 |
| Insider loans | $148,873 |
| FHLB advances | $91,293 |
| Loans and leases held for sale | $151,623 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $18,232 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $28,586 |
| Derivatives | $1,822 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $6,399 |
| Total interest expense | $1,878 |
| Net interest income | $4,521 |
| Provision for loan and lease losses | $186 |
| Total noninterest income | $1,372 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $53 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $1,319 |
| Total noninterest expense | $2,871 |
| Salaries and employee benefits | $1,584 |
| Premises and equipment expense | $452 |
| Additional noninterest expense | $835 |
| Pre-tax net operating income | $2,836 |
| Securities gains (losses) | $17 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $2,853 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $2,853 |
| Net charge-offs | $0 |
| Cash dividends | $2,853 |
| Sale, conversion, retirement of capital stock, net | $44 |
| Net operating income | $750 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.61% |
| Cost of funding earning assets | 1.35% |
| Net interest margin | 3.26% |
| Noninterest income to earning assets | 0.99% |
| Noninterest expense to earning assets | 2.07% |
| Net operating income to assets | 1.94% |
| Return on assets (ROA) | 1.95% |
| Pretax return on assets | 1.95% |
| Return on equity (ROE) | 16.76% |
| Retained earnings to average equity (YTD only) | 12.35% |
| Net charge-offs to loans | 0.04% |
| Credit loss provision to net charge-offs | 422.73% |
| Efficiency ratio | 68.68% |
| Assets per employee | $48,719 |
| Cash dividends to net income (YTD only) | 7.22% |
| Condition Ratios (%) | |
| Loss allowance to loans | 26.29% |
| Loss allowance to noncurrent loans | 0.55% |
| Noncurrent assets plus other real estate owned to assets | 38.08% |
| Noncurrent loans to loans | 2.62% |
| Net loans and leases to deposits | 1.45% |
| Net loans and leases to core deposits | 102.30% |
| Equity capital to assets | 104.12% |
| Core capital (leverage) ratio | 12.05% |
| Tier 1 risk-based capital ratio | 12.02% |
| Total risk-based capital ratio | 19.97% |
| Memoranda | |
| Average assets | $21 |
| Average earning assets | $146,011 |
| Average equity | $17,022 |
| Average loans | $138,696 |
| 3 Kentucky Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 360590 | Victory Community Bank | 2500 Chamber Center Drive, Suite 100, Fort Mitchell, KY 41017 | December 09, 2002 | Full Service Brick and Mortar |  |
| 1 | 464162 | Fort Thomas Branch | 602 South Fort Thomas Avenue, Fort Thomas, KY 41075 | May 01, 2006 | Full Service Brick and Mortar |  |
| 2 | 365004 | Florence Branch | 8735 Us 42, Florence, KY 41042 | January 15, 2001 | Full Service Brick and Mortar | |
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BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.