PackageTrendsPeer
Letter portraitLegal landscape

Kentucky Bank

Paris, KY · Cert 734

FDIC · 19 branches

Q1 2021

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q1 2021, the quarter ended March 31, 2021, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Kentucky Bank

Paris, KY · Cert 734

FDIC · 19 branches

Q1 2021

$1.3BAssets
$767.8MLoans
$1.0BDeposits
$122.7MEquity
Loan mix
82%RE $467.0M14%C&I $77.4M4%Consumer $21.9MQ1 2020Q1 2021
Deposit mix
73%Interest-bearing $756.8M27%Noninterest $277.7MQ1 2020Q1 2021

NIM

4.12%Q1 ’193.95%Q1 ’203.14%Q1 ’21-4%-13%

Non-interest income vs. expense

3.29%Q1 ’193.35%Q1 ’202.96%Q1 ’21-4%-23%

Market Position · Lexington-Fayette, KY · 2020 SOD (annual) · 4.6% share · #7 of 37 inst. · $0.6B of $12.7B

50.6% Bourbon
9.3% Madison
33.7% Harrison
12.2% Clark

Executive Summary

  • Earnings: ROA of 0.95%, up 38 bps year over year; NIM at 2.83%.
  • Asset quality: problem loans at 0.53% of loans (-7 bps YoY), with net charge-offs at 0.28%.
  • Capital: tier 1 leverage ratio of 8.84%, down 43 bps from a year ago.
  • Funding: loans stand at 74.22% of deposits as of Q1 2021.

Financial Results

Return on Assets (YTD, annualized)

0.95%+38 bps YoY

Net Interest Margin (YTD, annualized)

2.83%-43 bps YoY

Efficiency Ratio (YTD, annualized)

71.66%-355 bps YoY

Tier 1 Leverage Ratio

8.84%-43 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2020Q2 2020Q3 2020Q4 2020Q1 2021YoY ΔTrend
Earnings
Return on Assets0.57%0.78%0.89%0.95%0.95%+38 bps
Return on Equity5.45%7.73%8.80%9.37%9.66%+421 bps
Net Interest Margin3.26%2.98%2.95%3.01%2.83%-43 bps
Efficiency Ratio75.21%74.09%73.93%73.45%71.66%-355 bps
Non-Interest Burden2.12%1.89%1.84%1.85%1.63%-49 bps
Growth
Asset Growth (YoY)5.13%15.09%10.84%11.61%11.46%+633 bps
Loan Growth (YoY)13.73%14.68%7.33%3.33%-1.98%-1,571 bps
Deposit Growth (YoY)0.97%13.12%12.29%16.33%20.31%+1,934 bps
Asset Quality
Nonperforming Loans / Loans0.60%0.59%0.67%0.53%0.53%-7 bps
Net Charge-Offs / Loans0.09%0.05%0.04%0.04%0.28%+19 bps
Allowance / Loans1.27%1.28%1.28%1.28%1.23%-3 bps
Allowance Coverage of NPLs2.1x2.2x1.9x2.4x2.3x+0.2x
Capital
Tier 1 Leverage Ratio9.27%8.60%8.75%8.96%8.84%-43 bps
Total Risk-Based Capital9.27%8.60%8.75%8.96%8.84%-43 bps
Equity / Assets10.14%9.65%10.21%10.02%9.65%-49 bps
Liquidity & Funding
Loans / Deposits91.10%85.67%84.34%78.11%74.22%-1,688 bps
Liquid Assets / Assets1.39%6.66%1.57%1.62%4.85%+347 bps
CRE / Total Capitaln/an/an/an/an/an/an/a