Traditional Bank, Inc.

Overview / Commentary
49 W. Main Street
Mount Sterling, KY 40353

Traditional Bank, Inc. is headquartered in Mount Sterling and is the 6th largest bank in the state of Kentucky. It is also the 499th largest bank in the nation. It was established in 1902 and as of September of 2021, it had grown to 216 employees at 16 locations. Traditional Bank, Inc. has a B+ health rating.

Reviews (1)

Fee'd To Death

I can't believe that a local bank like Traditional Bank would take pride in taking advantage of the poor of Kentucky. I should have known better when a company/bank has no place online for reviews. We have been customers for 8+ years. Due to Covid our business has been severely scaled back. We had a auto draft with KU that got but through early causing our account to go negative and a 32 dollar overdraft fee (for which I was fine with and understand). What is sad is the poor tax they use! Yes, I'm talking about the $15 dollars a day they charg for having a negative balance ! This practice does nothing but keep poor folks poor. $15 dollars a day is more than a lot of their customers make an hour. So if a person gets paid biweekly they are looking at over a $100 dollars in fees before they get paid again for something that cost the bank nothing. We were told by the bank employee there was nothing that could be done about the fees/charges and she is sorry we feel this way. We have never had an overdraft in 8 years and must be a pretty good customer since they paid the auto draft which made the account go negative. If anyone from the bank reads this... this is why people are giving up traditional banks and moving to online banks like Chime and Bluevine (for business accounts). They and I are tired of all the bouges fees.


Health Grade Components

FDIC Certificate #2711
Year Established1902
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.88%
Return on Equity - YTD20.17%
Annual Interest Income$55.2MM
Assets and Liabilities
AssetsQ3 2021vs Q3 2020$2.21B$1.96B
LoansQ3 2021vs Q3 2020$1.14B$1.32B
DepositsQ3 2021vs Q3 2020$1.90B$1.67B
Equity CapitalQ3 2021vs Q3 2020$208.5MM$189.7MM
Loan Loss AllowanceQ3 2021vs Q3 2020$14.9MM$15.2MM
Unbacked Noncurrent LoansQ3 2021vs Q3 2020$12.1MM$7.6MM
Real Estate OwnedQ3 2021vs Q3 2020$14.0MM$283.00K

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