Kentucky Bank's Performance - 2016
It was a solid year of performance for the banks in Kentucky. When we compare Kentucky Banks with all other banks nationwide there are few areas that stand out.
Kentucky Banks added more employees on a relative percentage basis than the Nation’s Banks. Other areas of note include loan growth which outpaced the rest of the nation. Deposit Growth and Asset size outpaced the Kentucky banks but not by a large margin.
Kentucky Banks have historically had better loan yields and margins than their counterparts and this past year was no exception. Additionally, charge offs were one third of the Nation’s Banks ratio. Return on Assets were very comparable as well as the Equity Capital ratio, however the Nation’s Banks led the way in Non-Interest Income, Return on Equity and Loan Loss Reserves.
| Kentucky Banks 2016 vs 2015 |
All Banks Nationwide |
| Total Number of Banks was 164 down 5 or 2.9% | Nationwide # banks were down 4.3% |
| Total Employees increased 234 or 1.7% |
Nationwide employees up only .9% |
| Total Assets increased $2.138 billion or 3.9% | Nationwide Assets up 5.1% |
| Total Loans increased $2.515 billion or 6.8% |
Nationwide Loans up 5.3% |
| Total Deposits increased $2.126 billion or 4.7% | Nationwide Deposits up 5.8% |
| Ratios | |
| Yield on Earning Assets was 4.12%, a slight decline of .03% | Nationwide 3.50% up 10 basis points |
| Net Interest Margin dropped one basis point to 3.69% |
Nationwide 3.13% up 6 basis points |
| Non-Interest Income picked up 5 basis points to 1.05% |
Nationwide 1.71% down 9 basis points |
| Net Charge Offs declined two basis points to .16% | Nationwide .47% up 3 basis points |
| Return on Assets up slightly to 1.02% | Nationwide 1.04%, flat |
| Return on Equity 9.01% up 9 basis points | Nationwide 9.32% up 3 basis points |
| Loans to Assets 67% up 1.90% | Nationwide 55%, flat |
| Loan Loss Reserves were 1.19% down 9 basis points |
Nationwide 1.30% down 4 basis points |
| Delinquency .99% down 14 basis points | Nationwide 1.41%, down 15 points |
| Equity Capital 11.13% down 17 basis points |
Nationwide 11.11% down 13 points |
| 1-4 Family Mortgages 24.72% down 50 points |
Nationwide 14.37% down 36 points |
Source: FDIC