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Peoples Bank and Trust Company of Madison County

Based on 1 review
Peoples Bank and Trust Company of Madison County
Overview / Commentary
419 Chestnut Street
Berea, KY 40403

Peoples Bank and Trust Company of Madison County is headquartered in Berea and is the 36th largest bank in the state of Kentucky. It is also the 1,727th largest bank in the nation. It was established in 1970 and as of June of 2014, it had grown to 86 employees at 11 locations. Peoples Bank and Trust Company of Madison County has a B health rating.

Reviews (1)

Reviewing Whitaker Bank

I chose this bank because it supports University of Kentucky athletics, my favorite college sports team. It has around a dozen or so locations across the state, mainly in central Kentucky. The bank tellers have always been super friendly when I drop into any branch to conduct business. I also like the bank's "phonesmart" 24 hour banking line. I can call that number at any time on any day to hear my account information, hear deposits and withdrawals and transfer funds. The only trouble I have had with Whitaker Bank is the online banking system Login is not easy and the website is difficult to navigate. This has caused me some frustration, but never enough for me to call or complain to the bank. Another issue that has caused me some irritation is that not all of the bank's branches are open on Saturdays. Sometimes I have had to drive across town or go out of my way to get to the bank on the weekend because the branch closest to me was not open on Saturday. Overall, I would recommend this bank, especially to those who live in the central Kentucky area and who do not have a primary reliance on online banking services.



Health

Data for Q2 2014

Institution Health

B

Texas Ratio

GRADE:
C+

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 Peoples Bank and Trust Company of Madison County had $15.03 million in non-current loans and owned real-estate with $53.48 million in equity and loan loss allowances on hand to cover it. This gives Peoples Bank and Trust Company of Madison County a Texas Ratio of 28.11% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Peoples Bank and Trust Company of Madison County experienced no significant changes from 25.09% as of June 30, 2013 to 28.11% as of June 30, 2014, resulting in a negative change of 12.04%. This indicates that the balance sheet and financial strength for Peoples Bank and Trust Company of Madison County has had no significant changes in recent periods.

Deposit Growth

GRADE:
B

In the past year, Peoples Bank and Trust Company of Madison County has increased its total deposits by $509,000, resulting in 0.17% 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 Peoples Bank and Trust Company of Madison County has shown is above average.

Capitalization

GRADE:
A+

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. Peoples Bank and Trust Company of Madison County has $382.9 million in assets with $53.48 million in equity, resulting in a capitalization level of 13.97%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #20281
Year Established1970
Employees86
Primary RegulatorFED
Assets and Liabilities
Assets$382.90 million
Loans$225.94 million
Deposits$296.38 million
Equity Capital$48.70 million
Loan Loss Allowance$4.79 million
Unbacked Noncurrent Loans$14.59 million
Real Estate Owned$443,000
Historic Data - June 2013
Assets$387.09 million
Equity Capital$47.99 million
Loan Loss Allowance$6.31 million
Unbacked Noncurrent Loans$14.59 million
Real Estate Owned$873,000
Profit Margin - Quarterly
Return on Assets0.15%
Return on Equity1.21%
Interest Income$7.24 million
Rates

Sorry, we do not have rate data for Peoples Bank and Trust Company of Madison County

Locations

Peoples Bank and Trust Company of Madison County has 11 locations. Click to view all Peoples Bank and Trust Company of Madison County locations.