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Overview / Commentary
859-219-2900
761 Corporate Drive
Lexington, KY 40503

Bank of Lexington, Inc. is headquartered in Lexington and is the 61st largest bank in the state of Kentucky. It is also the 2,735th largest bank in the nation. It was established in 2006 and as of June of 2014, it had grown to 46 employees at 3 locations. Bank of Lexington, Inc. has a A+ health rating.

Reviews (1)

Very Good Bank To Me

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.



Health

Data for Q2 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of June 30, 2014 Bank of Lexington, Inc. had $0 in non-current loans and owned real-estate with $23.76 million in equity and loan loss allowances on hand to cover it. This gives Bank of Lexington, Inc. a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Deposit Growth

GRADE:
A+

In the past year, Bank of Lexington, Inc. has increased its total deposits by $13.3 million, resulting in 7.59% 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.

Capitalization

GRADE:
B+

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 $229.73 million in assets with $23.76 million in equity, resulting in a capitalization level of 10.34%, which is above average.

Institution Statistics

Overall
FDIC Certificate #58164
Year Established2006
Employees46
Primary RegulatorFDIC
Assets and Liabilities
Assets$229.73 million
Loans$180.76 million
Deposits$188.43 million
Equity Capital$21.78 million
Loan Loss Allowance$1.98 million
Real Estate Owned$0
Historic Data - June 2013
Assets$208.98 million
Equity Capital$19.45 million
Loan Loss Allowance$2.16 million
Unbacked Noncurrent Loans$0
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.81%
Return on Equity8.44%
Interest Income$4.74 million
Rates
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Bank of Lexington, Inc. Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.35%$500-PreferredPlus Account
0.15%$50k-Plus Account
0.15%$100-Savings Account
0.15%$100-Choice Savings Account
0.15%$50k-"50" Account

Bank of Lexington, Inc. Money Market Rates

DetailsAPYMINMAXPRODUCT
0.40%$100k-Money Market Account

Bank of Lexington, Inc. CD Rates

DetailsAPYMINMAXPRODUCT
1.20%$500-60 Month CD
1.00%$500-48 Month CD
0.90%$500-30 Month CD Special
0.85%$500-36 Month CD
0.75%$500-24 Month CD
0.75%$500-30 Month CD
0.70%$500-18 Month CD Special
0.40%$500-12 Month CD
0.40%$500-15 Month CD
0.40%$500-18 Month CD
0.25%$500-6 Month CD
0.25%$500-9 Month CD
0.10%$500-3 Month CD

Bank of Lexington, Inc. IRA Rates

DetailsAPYMINMAXPRODUCT
1.20%$500-60 Month IRA
1.00%$500-48 Month IRA
0.85%$500-36 Month IRA
0.75%$500-24 Month IRA
0.75%$500-30 Month IRA
0.40%$500-12 Month IRA
0.40%$500-15 Month IRA
0.40%$500-18 Month IRA
0.25%$500-6 Month IRA
0.25%$500-9 Month IRA
Locations


Bank of Lexington, Inc. Locations
Polo Club Branch6409 Polo Club LaneLexington, KY 40509
Bank Of Lexington, Inc.761 Corporate DriveLexington, KY 40503
Tates Creek Branch866 Malabu DriveLexington, KY 40502