Whitaker Bank in Lexington, Kentucky (KY)



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Whitaker Bank
GeneralFDIC 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
LocationAddress: 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 ChangesParticipated in Absorption/Consolidation/Merger
Financial SummaryTotal 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)
Total employees (full-time equivalent)379
Total assets$1,497,133
Cash and due from depository institutions$25,632
Interest-bearing balances$1,838
Securities$516,626
Federal funds sold & reverse repurchase agreements$11,749
Net loans & leases$857,480
Loan loss allowance $17,499
Trading account assets$0
Bank premises and fixed assets$28,416
Other real estate owned$11,390
Goodwill and other intangibles$16,398
All other assets$29,442
Life insurance assets$1,497,133
Total liabilities and capital$1,336,563
Total liabilities$1,225,430
Total deposits$1,066,995
Interest-bearing deposits$1,225,430
Deposits held in domestic offices$66
% insured (estimated)53751.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$49,921
Other borrowed funds $0
Subordinated debt $7,461
All other liabilities $160,570
Total equity capital$160,570
Total bank equity capital$160,570
Perpetual preferred stock$0
Common stock$3,250
Surplus$67,415
Undivided profits $89,905
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $1,460
Income earned, not collected on loans $28,046
Earning assets $0
Long-term assets (5+ years) $7,963
Average Assets, year-to-date $1,387,693
Average Assets, quarterly $535,359
Volatile liabilities $1,536,056
Insider loans $1,496,875
FHLB advances $877,180
Loans and leases held for sale $1,484,478
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $139,962
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $71,122
Derivatives$5,848
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $67,434
Total interest expense $14,455
Net interest income $52,979
Provision for loan and lease losses $4,462
Total noninterest income $11,460
Fiduciary activities $2,159
Service charges on deposit accounts $6,289
Trading account gains & fees $0
Additional noninterest income $3,012
Total noninterest expense $48,263
Salaries and employee benefits $21,784
Premises and equipment expense $6,128
Additional noninterest expense $20,351
Pre-tax net operating income $11,714
Securities gains (losses) $24
Applicable income taxes $2,782
Income before extraordinary items $8,956
Extraordinary gains - net $0
Net income attributable to bank $8,956
Net charge-offs $0
Cash dividends $8,956
Sale, conversion, retirement of capital stock, net $3,692
Net operating income $3,700
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.75%
Cost of funding earning assets 1.02%
Net interest margin 3.73%
Noninterest income to earning assets 0.81%
Noninterest expense to earning assets 3.40%
Net operating income to assets 0.58%
Return on assets (ROA) 0.58%
Pretax return on assets 0.76%
Return on equity (ROE) 5.78%
Retained earnings to average equity (YTD only) 3.39%
Net charge-offs to loans 0.42%
Credit loss provision to net charge-offs 120.86%
Efficiency ratio4.38%
Assets per employee$73,573
Cash dividends to net income (YTD only)3.95%
Condition Ratios (%)
Loss allowance to loans 41.31%
Loss allowance to noncurrent loans 2.00%
Noncurrent assets plus other real estate owned to assets 62.39%
Noncurrent loans to loans 2.63%
Net loans and leases to deposits3.21%
Net loans and leases to core deposits 69.97%
Equity capital to assets 76.25%
Core capital (leverage) ratio 10.73%
Tier 1 risk-based capital ratio 9.43%
Total risk-based capital ratio 15.96%
Memoranda
Average assets$17
Average earning assets$1,536,056
Average equity $155,019
Average loans $1,421,090
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$396,721
Number of Accounts1
Personal trust and agency accounts$300,722
Employee benefit-defined contribution accounts$117,320
Employee benefit-defined benefit accounts$61,685
Other retirement accounts$0
Corporate trust and agency accounts$41,844
Investment management agency accounts$0
Other fiduciary accounts$79,873
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts2295
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$41,844
Employee benefit-defined benefit accounts$0
Other retirement accounts$95,999
Corporate trust and agency accounts$0
Other fiduciary accounts$23,936
Fiduciary accounts held in foreign offices$40,537
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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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