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Overview / Commentary
606-845-2461
106 South Main
Flemingsburg, KY 41041

Peoples Bank of Kentucky, Inc. is headquartered in Flemingsburg and is the 54th largest bank in the state of Kentucky. It is also the 2,488th largest bank in the nation. It was established in 1906 and as of December of 2013, it had grown to 77 employees at 8 locations. Peoples Bank of Kentucky, Inc. has a B+ health rating.

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
B+

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 Peoples Bank of Kentucky, Inc. had $3.59 million in non-current loans and owned real-estate with $32.2 million in equity and loan loss allowances on hand to cover it. This gives Peoples Bank of Kentucky, Inc. a Texas Ratio of 11.14% which is above 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 of Kentucky, Inc. experienced no significant changes from 12.28% as of December 31, 2012 to 11.14% as of December 31, 2013, resulting in a positive change of 9.24%.This indicates that the balance sheet and financial strength for Peoples Bank of Kentucky, Inc. has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Peoples Bank of Kentucky, Inc. has increased its total deposits by $56.64 million, resulting in 34.95% 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 of Kentucky, Inc. has shown is excellent.

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 of Kentucky, Inc. has $255.25 million in assets with $32.2 million in equity, resulting in a capitalization level of 12.62%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #16970
Year Established1906
Employees77
Primary RegulatorFDIC
Assets and Liabilities
Assets$255.25 million
Loans$199.95 million
Deposits$218.68 million
Equity Capital$29.00 million
Loan Loss Allowance$3.20 million
Unbacked Noncurrent Loans$3.16 million
Real Estate Owned$429,000
Historic Data - December 2012
Assets$195.98 million
Equity Capital$27.64 million
Loan Loss Allowance$2.45 million
Unbacked Noncurrent Loans$3.16 million
Real Estate Owned$545,000
Profit Margin - Quarterly
Net Interest Margin4.5%
Return on Assets1.06%
Return on Equity9.06%
Interest Income$11.61 million
Rates
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Peoples Bank of Kentucky, Inc. CD Rates

DetailsAPYMINMAXPRODUCT
1.20%$1k-60 Month CD
0.95%$1k-36 Month CD
0.65%$1k-24 Month CD
0.40%$1k-12 Month CD
0.40%$1k-18 Month CD
0.20%$1k-91 Day CD
0.20%$1k-182 Day CD
0.10%$1k-31 Day CD

Peoples Bank of Kentucky, Inc. IRA Rates

DetailsAPYMINMAXPRODUCT
0.75%--12 Month Fixed IRA
Locations


Peoples Bank of Kentucky, Inc. Locations
Peoples Bank Of Kentucky, Inc.106 South MainFlemingsburg, KY 41041
Salt Lick Branch113 Main StreetSalt Lick, KY 40371
Drive-In Branch202 East Water StreetFlemingsburg, KY 41041
Slate Avenue Branch43 Slate AvenueOwingsville, KY 40360
Mayslick Branch6588 US 68Mayslick, KY 41055
Morehead Road Branch6925 Morehead RoadFlemingsburg, KY 41041
Tucker Drive Branch90 Tucker DriveMaysville, KY 41056
Hillsboro BranchRoute 111Hillsboro, KY 41049