Whitaker Bank in Lexington, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches


Whitaker Bank - Overview

  • General
  • FDIC Certificate #: 32912
    Status: Active
    Federal Reserve ID: 1445943
    Bank Holding Company (Regulatory Top Holder): Whitaker Bank Corporation Of Kentucky (RSSDID: 1966671, Location: Lexington, KY)
    Date Established: April 19, 1990
    WWW: http://www.whitakerbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 39 (Domestic: 39, Interstate: No)
    OTS Docket #: 9278
    FDIC's unique #: 45826
    Numeric code: 13
    Regulator: FED
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: April 19, 1990
    Last Structure Change Effective Date: July 01, 2008
    Last Structure Change Process Date: July 07, 2008
    Last Data Update: July 07, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 2001 Pleasant Ridge Drive, Lexington, KY 40505
    County: Fayette
    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): Lexington, KY (#4280)
    Combined Statistical Area (CSA): Lexington-Fayette-Frankfort-Richmond, KY (#336)
    Core Based Statistical Area (CBSA): Lexington-Fayette, KY (#30460)
    CBSA Metro Statistical Area: Lexington-Fayette, KY (#30460)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $1,497.1 mil
    Equity capital: $160.6 mil
    Deposits held in domestic offices: $1,225.4 mil
    Return on assets (ROA): 0.58% ($8.7 mil)
    Quarterly return on assets: 0.71% ($10.6 mil)
    Return on Equity (ROE): 5.78% ($9.3 mil)
    Quarterly return on equity: 6.68% ($10.8 mil)
    Net income: $9.0 mil
    Quarterly Net income: $2.7 mil
    Pretax return on assets: 0.76% ($11,378.2 mil)
    Quarterly Pretax return on assets: 0.95% ($14,222.8 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, 2011)

  • Dollar figures in thousands
  • 379Total employees (full-time equivalent)
  • $1,497,133Total assets
  • $25,632Cash and due from depository institutions
  • $1,838Interest-bearing balances
  • $516,626Securities
  • $11,749Federal funds sold & reverse repurchase agreements
  • $857,480Net loans & leases
  • $17,499Loan loss allowance
  • $0Trading account assets
  • $28,416Bank premises and fixed assets
  • $11,390Other real estate owned
  • $16,398Goodwill and other intangibles
  • $1,497,133Life insurance assets
  • $29,442All other assets
  • $1,336,563Total liabilities and capital
  • $1,225,430Total liabilities
  • $1,066,995Total deposits
  • $1,225,430Interest-bearing deposits
  • $66Deposits held in domestic offices
  • 53751.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $49,921Trading liabilities
  • $0Other borrowed funds
  • $7,461Subordinated debt
  • $160,570All other liabilities
  • $160,570Total equity capital
  • $160,570Total bank equity capital
  • $0Perpetual preferred stock
  • $3,250Common stock
  • $67,415Surplus
  • $89,905Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,460Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $28,046Income earned, not collected on loans
  • $0Earning assets
  • $7,963Long-term assets (5+ years)
  • $1,387,693Average Assets, year-to-date
  • $535,359Average Assets, quarterly
  • $1,536,056Volatile liabilities
  • $1,496,875Insider loans
  • $877,180FHLB advances
  • $1,484,478Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $139,962Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $71,122Restructured Loans and leases
  • $5,848Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $67,434Total interest income
  • $14,455Total interest expense
  • $52,979Net interest income
  • $4,462Provision for loan and lease losses
  • $11,460Total noninterest income
  • $2,159Fiduciary activities
  • $6,289Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,012Additional noninterest income
  • $48,263Total noninterest expense
  • $21,784Salaries and employee benefits
  • $6,128Premises and equipment expense
  • $20,351Additional noninterest expense
  • $11,714Pre-tax net operating income
  • $24Securities gains (losses)
  • $2,782Applicable income taxes
  • $8,956Income before extraordinary items
  • $0Extraordinary gains - net
  • $8,956Net income attributable to bank
  • $0Net charge-offs
  • $8,956Cash dividends
  • $3,692Sale, conversion, retirement of capital stock, net
  • $3,700Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.75%Yield on earning assets
  • 1.02%Cost of funding earning assets
  • 3.73%Net interest margin
  • 0.81%Noninterest income to earning assets
  • 3.40%Noninterest expense to earning assets
  • 0.58%Net operating income to assets
  • 0.58%Return on assets (ROA)
  • 0.76%Pretax return on assets
  • 5.78%Return on equity (ROE)
  • 3.39%Retained earnings to average equity (YTD only)
  • 0.42%Net charge-offs to loans
  • 120.86%Credit loss provision to net charge-offs
  • 4.38%Efficiency ratio
  • 73,573Assets per employee
  • 3.95%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 41.31%Loss allowance to loans
  • 2.00%Loss allowance to noncurrent loans
  • 62.39%Noncurrent assets plus other real estate owned to assets
  • 2.63%Noncurrent loans to loans
  • 3.21%Net loans and leases to deposits
  • 69.97%Net loans and leases to core deposits
  • 76.25%Equity capital to assets
  • 10.73%Core capital (leverage) ratio
  • 9.43%Tier 1 risk-based capital ratio
  • 15.96%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $1,536,056Average earning assets
  • $155,019Average equity
  • $1,421,090Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $396,721Managed Assets
  • 1Number of Accounts
  • $300,722Personal trust and agency accounts
  • $117,320Employee benefit-defined contribution accounts
  • $61,685Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $41,844Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $79,873Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 2295Number of Accounts
  • $0Personal trust and agency accounts
  • $41,844Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $95,999Other retirement accounts
  • $0Corporate trust and agency accounts
  • $23,936Other fiduciary accounts
  • $40,537Fiduciary accounts held in foreign offices

List of branches

  • 39 Kentucky Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    045826Whitaker Bank2001 Pleasant Ridge Drive, Lexington, KY 40505April 19, 1990Full Service Brick and Mortar
    3289065Romany Road Financial Center Branch344 Romany Road, Lexington, KY 40502May 02, 1994Full Service Retail
    5289067Regency Center Financial Ctr. Branch2335 Nicholasville Road, Lexington, KY 40503October 26, 1996Full Service Retail
    61731Main And Elm Streets BranchMain And Elm Streets, Carlisle, KY 40311January 01, 1901Full Service Brick and Mortar
    7125539 Public Square Branch39 Public Square, Lancaster, KY 40444October 01, 1906Full Service Brick and Mortar
    8190250Danville-Maple BranchDanville Street And Maple Avenue, Lancaster, KY 40444September 17, 1979Full Service Brick and Mortar
    9289068Turfland Mall Financial Center2033 Turfland Mall, Lexington, KY 40504October 01, 1998Full Service Retail
    10357528Beaumont BranchGovernors Ln, Lexington, KY 40513June 07, 2000Full Service Brick and Mortar
    116197Wolfe Co Branch200 South Kentucky Highway 15, Campton, KY 41301January 01, 1922Full Service Brick and Mortar
    12220834Clay City Branch4459 Main Street, Clay City, KY 40312January 06, 1964Full Service Brick and Mortar
    13359542Powell County Bank Branch130 S. Main Street, Stanton, KY 40380September 30, 2000Full Service Brick and Mortar
    14225The Bank Of Whitesburg Branch187 Main Street, Whitesburg, KY 41858October 10, 1932Full Service Brick and Mortar
    15181449Jenkins BranchMain Street, Jenkins, KY 41537Febuary 14, 1957Full Service Brick and Mortar
    16181450Highway 15 North BranchHighway 15 North, Whitesburg, KY 41858August 10, 1976Full Service Brick and Mortar
    17181451Isom BranchHighways 15 And 7, Isom, KY 41824Febuary 01, 1980Full Service Brick and Mortar
    18360841Mountain Credit BranchHighway 15 South, Hazard, KY 41702July 16, 2001Full Service Brick and Mortar
    19360845Paris Pike Drive Branch2311 Paris Pike Drive, Lexington, KY 40505June 14, 2001Full Service Brick and Mortar
    201732Corbin Branch100 N Main, Corbin, KY 40701January 01, 1905Full Service Brick and Mortar
    21193827South Corbin Branch1319 Cumberland Falls Highway, Corbin, KY 40701December 17, 1956Full Service Brick and Mortar
    22193828East Corbin Branch1400 East Master Street, Corbin, KY 40701August 24, 1981Full Service Brick and Mortar
    23193829Williamsburg Banking Center Branch1025 South Highway 25 West, Williamsburg, KY 40769October 02, 1995Full Service Brick and Mortar
    241781State National Bank Of Frankfort Bra130 West Main Street, Frankfort, KY 40601August 12, 1889Full Service Brick and Mortar
    26194055Eastwood Branch264 Versailles Road, Frankfort, KY 40601October 27, 1969Full Service Brick and Mortar
    27194056Franklin Square BranchU.S. Highway 127, Frankfort, KY 40601September 20, 1976Full Service Brick and Mortar
    281739First National Bank And Trust CompanMain And Broadway, Georgetown, KY 40324January 01, 1883Full Service Brick and Mortar
    29193867Sadieville Branch135 Main Street, Sadieville, KY 40370June 17, 1963Full Service Brick and Mortar
    30193868Washington Square BranchU.S. 25 South And Route 4, Scott County, KY 40324May 13, 1974Full Service Brick and Mortar
    31193869Thoroughbred Banking Center Branch100 Financial Way, Georgetown, KY 40324April 19, 1999Full Service Brick and Mortar
    321754Mount Sterling Bank Branch30 West Main Street, Mount Sterling, KY 40353January 01, 1871Full Service Brick and Mortar
    33193939Camargo Branch4085 Carmargo Road, Mount Sterling, KY 40353September 26, 1960Full Service Brick and Mortar
    34193940Indian Mound Branch261 Gateway Plaza, Mount Sterling, KY 40353Febuary 29, 1988Full Service Brick and Mortar
    3517646Morehead Bank BranchMain Street At Carey Avenue, Morehead, KY 40351November 19, 1984Full Service Brick and Mortar
    36357154Northside Branch1489 Flemingsburg, Morehead, KY 40351August 05, 1999Full Service Brick and Mortar
    37442301Hazard BranchMorton Drive, Hazard, KY 41701Febuary 23, 2005Full Service Brick and Mortar
    387719State B&Tc Branch211 South Main Street, Harrodsburg, KY 40330January 01, 1906Full Service Brick and Mortar
    39226377Salvisa Branch4795 Louisville Road, Salvisa, KY 40372December 05, 1977Full Service Brick and Mortar
    40226378College Street Facility920 South College Street, Harrodsburg, KY 40330October 21, 1985Full Service Brick and Mortar
    41464181North College Street Branch1104 North College Street, Harrodsburg, KY 40330December 01, 2004Limited Service Facility
    42478784Keavey Branch1280 Hwy 770, Corbin, KY 40701October 24, 2007Full Service Brick and Mortar

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