Vitals
  • Total Assets
    333.2M -2.2 %
  • Total Deposits
    240.6M -7.6 %
  • Total Net Loans
    253.9M -1.4 %
  • Net Income
    978000.0000 -5.5 %
  • Book Value
    36.6M 9.3 %
  • Book Value x2
    73.3M 9.3 %
  • Book Value x3
    109.9M 9.3 %
ROAA

1.157

ROAE

10.779

Efficiency Ratio

56.497

Net Interest Margin

4.329

Balance Sheet Highlights
Financial Highlights Classic Bank All Insured Commercial Banks in Kentucky
Balance Sheet $(000)
Total Assets 333,205 145,456
Total Net Loans 253,868 97,460
Total Deposits 240,550 117,568
Total Equity 36,630 14,761
Profitability
Net Income 978 705
Return on Average Assets 1.157 1.273
Return on Average Equity 10.779 12.421
Net Interest Margin 4.329 4.084
Efficiency Ratio 56.497 64.354
Noninterest Income/Revenue 11.26 12.577
Balance Sheet Ratios
Loan-to-Deposit 105.537 80.222
Securities/Assets .133 .378
Total Equity/Total Assets .11 .101
Tangible Equity/Tangible Assets .085 .046
Capital Adequacy
Tier 1 Common Capital — —
Tier 1 Capital 27,808 14,344
Tier 2 Capital 2,165 1,144
Total Capital 29,973 15,488
Total Risk Weighted Assets 229,979 98,176
Leverage Ratio 8.43 10.194
Common Equity Tier 1 Capital Ratio — —
Tier 1 Capital Ratio 12.09 16.013
Total Capital Ratio 13.03 17.173

Timeline for Classic Bank

City National Bank Of West Virginia

Classic Bank was acquired by City National Bank Of West Virginia 19 years

View Profile May 21 2005

Classic Bank

Classic Bank became a new parent organization for Classic Bank.

View Profile Dec 15 2003

Classic Bank

Classic Bank became a new subsidiary organization for Classic Bank.

View Profile Dec 15 2003

First Federal Savings Bank Of Ironton

Acquisition: Classic Bank acquired a new subsidiary, First Federal Savings Bank Of Ironton, 20 years

View Profile Jun 20 2003

The First National Bank Of Paintsville

Acquisition: Classic Bank acquired a new subsidiary, The First National Bank Of Paintsville, 23 years

View Profile Mar 17 2001

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Complete timeline for Classic Bank is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
City National Bank Of West Virginia Buyer 3,848,789 Acquisition Discontinued 5/21/2005
First Federal Savings Bank Of Ironton Seller 71,725 Acquisition Discontinued 6/20/2003
The First National Bank Of Paintsville Seller 77,763 Pooling of Interests Discontinued 3/17/2001
Citizens Bank Seller 13,691 Discontinued 5/15/1999
Relationships Role Relationship Start Relationship End
Classic Bank Parent 12/15/2003 5/20/2005
Classic Bancshares, Inc. Parent 6/30/2000 5/20/2005
Classic Bancshares, Inc. Parent 10/1/1996 6/29/2000
Classic Bank Subsidary 12/15/2003 5/20/2005
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