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| Pennyrile Citizens Bank and Trust Company |
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| General | FDIC Certificate #: 22336
Status: Inactive
Closing history: Office Sold
Acquiring institution: Mercantile Trust Company, National Association (#33854)
Federal Reserve ID: 558640
Date Established: 1976-09-27
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
OTS Docket #: 11929
FDIC's unique #: 15545
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: 1976-09-27
Last Structure Change Effective Date: 1999-02-19
Last Structure Change Process Date: 1999-03-10
Last Data Update: 1999-03-10
Data Source Date: 2009-05-14 |
| Location | Address: 2800 Fort Campbell Boulevard, Hopkinsville, KY 42240
County: Christian
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Kansas City
FDIC Field Office: Hopkinsville
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Southeast
Metropolitan Statistical Area (MSA): Clarksville-Hopkinsville, TN-KY (#1660)
Core Based Statistical Area (CBSA): Clarksville, TN-KY (#17300)
CBSA Metro Statistical Area: Clarksville, TN-KY (#17300) |
| History of Changes | Merger - Without Assistance
Office Sold |
| Financial Summary | Total assets: $68.5 mil |
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
(Dollar figures in thousands) |
| Total employees (full-time equivalent) | 20 |
| Total assets | $68,531 |
| Cash and due from depository institutions | $6,329 |
| Interest-bearing balances | $714 |
| Securities | $10,349 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $49,706 |
| Loan loss allowance | $1,764 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $836 |
| Other real estate owned | $6 |
| Goodwill and other intangibles | $0 |
| All other assets | $1,305 |
| Life insurance assets | $0 |
| Total liabilities and capital | $68,531 |
| Total liabilities | $63,098 |
| Total deposits | $50,107 |
| Interest-bearing deposits | $37,625 |
| Deposits held in domestic offices | $50,107 |
| % insured (estimated) | 84.84% |
| Federal funds purchased & repurchase agreements | $4,906 |
| Trading liabilities | $0 |
| Other borrowed funds | $7,500 |
| Subordinated debt | $0 |
| All other liabilities | $585 |
| Total equity capital | $5,433 |
| Total bank equity capital | $5,433 |
| Perpetual preferred stock | $0 |
| Common stock | $738 |
| Surplus | $2,706 |
| Undivided profits | $1,989 |
| Memoranda |
| Noncurrent loans and leases | $1,098 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $451 |
| Earning assets | $60,769 |
| Long-term assets (5+ years) | $12,358 |
| Average Assets, year-to-date | $74,555 |
| Average Assets, quarterly | $68,110 |
| Volatile liabilities | $15,353 |
| Insider loans | $2,678 |
| FHLB advances | $0 |
| Loans and leases held for sale | $1,055 |
| Unused loan commitments | $2,702 |
| Tier 1 (core) risk-based capital | $5,215 |
| Tier 2 risk-based capital | $0 |
| Total risk weighted assets | $47,272 |
| Total unused commitments | $2,702 |
| Restructured Loans and leases | $0 |
| Derivatives | $0 |
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Income and Expense (December 31, 1998)
(Dollar figures in thousands) |
| Total interest income | $5,581 |
| Total interest expense | $2,827 |
| Net interest income | $2,754 |
| Provision for loan and lease losses | $2,320 |
| Total noninterest income | $587 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $458 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $129 |
| Total noninterest expense | $2,535 |
| Salaries and employee benefits | $751 |
| Premises and equipment expense | $142 |
| Additional noninterest expense | $1,642 |
| Pre-tax net operating income | -$1,514 |
| Securities gains (losses) | $2 |
| Applicable income taxes | -$571 |
| Income before extraordinary items | -$941 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$941 |
| Net charge-offs | $1,250 |
| Cash dividends | $0 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | -$942 |
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Performance and Condition Ratios (December 31, 1998)
(Dollar figures in thousands) |
| Performance Ratios (%, annualized) |
| Yield on earning assets | 8.27% |
| Cost of funding earning assets | 4.19% |
| Net interest margin | 4.08% |
| Noninterest income to earning assets | 0.87% |
| Noninterest expense to earning assets | 3.76% |
| Net operating income to assets | -1.26% |
| Return on assets (ROA) | -1.26% |
| Pretax return on assets | -2.03% |
| Return on equity (ROE) | -16.15% |
| Retained earnings to average equity (YTD only) | -16.15% |
| Net charge-offs to loans | 2.19% |
| Credit loss provision to net charge-offs | 185.60% |
| Efficiency ratio | 75.88% |
| Assets per employee | $3,427 |
| Cash dividends to net income (YTD only) | 0.00% |
| Condition Ratios (%) |
| Loss allowance to loans | 3.43% |
| Loss allowance to noncurrent loans | 160.66% |
| Noncurrent assets plus other real estate owned to assets | 1.61% |
| Noncurrent loans to loans | 2.13% |
| Net loans and leases to deposits | 99.20% |
| Net loans and leases to core deposits | 110.07% |
| Equity capital to assets | 7.93% |
| Core capital (leverage) ratio | 7.98% |
| Tier 1 risk-based capital ratio | 11.03% |
| Total risk-based capital ratio | 12.31% |
| Memoranda |
| Average assets | $74,555 |
| Average earning assets | $67,468 |
| Average equity | $57,178 |
| Average loans | $5,825 |
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