Bank of Lexington, Inc. is headquartered in Lexington and is the 65th largest bank in the state of Kentucky. It is also the 2,870th largest bank in the nation. It was established in 2006 and as of December of 2013, it had grown to 47 employees at 3 locations. Bank of Lexington, Inc. has a A+ health rating.
I would have to say I'm 35 years old,and never had an experienced at a bank like this one. Trying to buy a home these day are horrible a course,but how about a investment home. This bank made it happen. I would have to say i'm very impressed. For me this bank is willing to try anything, I would say this is a good Bank.
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Bank of Lexington, Inc. had $1.36 million in non-current loans and owned real-estate with $23.12 million in equity and loan loss allowances on hand to cover it. This gives Bank of Lexington, Inc. a Texas Ratio of 5.87% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
In the past year, Bank of Lexington, Inc. has increased its total deposits by $21.24 million, resulting in 13.53% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Bank of Lexington, Inc. has shown is excellent.
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Bank of Lexington, Inc. has $215.61 million in assets with $23.12 million in equity, resulting in a capitalization level of 10.72%, which is above average.
|FDIC Certificate #||58164|
|Assets and Liabilities|
|Equity Capital||$21.04 million|
|Loan Loss Allowance||$2.08 million|
|Unbacked Noncurrent Loans||$1.36 million|
|Real Estate Owned||$0|
|Historic Data - December 2012|
|Equity Capital||$18.94 million|
|Loan Loss Allowance||$2.09 million|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||3.94%|
|Return on Assets||0.74%|
|Return on Equity||7.78%|
|Interest Income||$9.13 million|
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|0.35%||$500||-||PreferredPlus Account with Checking|
|0.15%||$100||-||Choice Savings Account|
|0.40%||$100k||-||Money Market Account|
|1.20%||$500||-||60 - 84 Month CD|
|1.02%||$500||-||30 Month CD Special|
|1.00%||$500||-||48 - 59 Month CD|
|0.85%||$500||-||36 - 47 Month CD|
|0.75%||$500||-||24 - 35 Month CD|
|0.75%||$5k||-||No Regrets 24 Month CD Special|
|0.70%||$500||-||18 Month CD Special|
|0.40%||$500||-||12 - 23 Month CD|
|0.25%||$500||-||180 - 364 Day CD|
|0.10%||$500||-||90 - 179 Day CD|
|0.05%||$500||-||7 - 31 Day CD|
|0.05%||$500||-||32 - 89 Day CD|
|1.20%||$500||-||60 - 84 Month IRA|
|1.00%||$500||-||48 - 59 Month IRA|
|0.85%||$500||-||36 - 47 Month IRA|
|0.75%||$500||-||24 - 35 Month IRA|
|0.40%||$500||-||12 - 23 Month IRA|
|0.25%||$500||-||180 - 364 Day IRA|
|Bank of Lexington, Inc. Locations|
|Polo Club Branch||6409 Polo Club Lane||Lexington, KY 40509|
|Bank Of Lexington, Inc.||761 Corporate Drive||Lexington, KY 40503|
|Tates Creek Branch||866 Malabu Drive||Lexington, KY 40502|