Bluegrass Community Bank

Bluegrass Community Bank is headquartered in Danville and is the 179^th largest bank in the state of Kentucky. It is also the 6,653^rd largest bank in the nation. It was established in 2009 and as of September of 2011, it had grown to 9 employees at 1 location. Bluegrass Community Bank's money market rates are 48% higher than the national average, and it boasts a 5-star health rating.

Bluegrass Community Bank Routing Number: 083908608

Related Posts

Bluegrass Community Bank Checking Account Rates

Bluegrass Community Bank Savings Account Rates

Bluegrass Community Bank Money Market Rates

Bluegrass Community Bank CD Rates

Data for Q3 2011

Institution Statistics Bluegrass Community Bank FDIC Certificate # 58848 BankRate Report View Year Established 2009 Employees 9 Primary Regulator FDIC Assets and Liabilities Assets $42.36 million Loans $27.95 million Deposits $35.66 million Equity Capital $5.83 million Loan Loss Allowance $366,000 Unbacked Noncurrent Loans $101,000 Historic Data - September 2010 Assets $36.81 million Equity Capital $6.25 million Loan Loss Allowance $275,000 Profit Margin - Quarterly Net Interest Margin 3.28% Return on Assets -0.94% Return on Equity -6.23% Interest Income $1.32 million

Institution Health Overall Score: 5 out of 5 Texas Ratio 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 September 30, 2011 Bluegrass Community Bank had $101,000 in non-current loans and owned real-estate with $6.2 million in equity and loan loss allowances on hand to cover it. This gives Bluegrass Community Bank a Texas Ratio of 1.63% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Deposit Growth In the past year, Bluegrass Community Bank has increased its total deposits by $5.85 million, resulting in 19.63% 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 Bluegrass Community Bank has shown is excellent. Capitalization 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. Bluegrass Community Bank has $42.36 million in assets with $6.2 million in equity, resulting in a capitalization level of 14.63%, which is excellent.