Central Bank & Trust Company

Headquarters

300 West Vine Street
Lexington, KY 40507
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 0.91% →
1-Year CD 0.20% 0.85% →
2-Year CD 0.30% 0.95% →
5-Year CD 0.65% 1.30% →
30-Year Mortgage 3.81% 2.61% →
15-Year Mortgage 3.35% 2.31% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Central Bank & Trust Company is an FDIC insured institution located in Lexington, KY. It was founded in 1938 and has approximately $2.73 billion in assets. Customers can open an account at one of its 26 branches.

FDIC Insured Yes
FDIC Certificate # 15815
Date Established 1938
Assets $ 2.73 billion
Loans $ 2.01 billion
Deposits $ 2.17 billion
Capital $ 323.48 million
 

For a more detailed analysis of Central Bank & Trust Company's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - December 3, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.05% $10,000 $14,999 Learn More
Money Market
0.05% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.20% $10,000 $14,999 Learn More
6 Mo CD
0.20% $100,000 $199,999 Learn More
Special: 12 Mo CD
0.15% $2,500 - Learn More
Special: 12 Mo CD
0.17% $2,500 - Learn More
12 Mo CD
0.20% $10,000 $14,999 Learn More
12 Mo CD
0.20% $100,000 $199,999 Learn More
24 Mo CD
0.30% $10,000 $14,999 Learn More
24 Mo CD
0.30% $100,000 $199,999 Learn More
36 Mo CD
0.50% $10,000 $14,999 Learn More
36 Mo CD
0.50% $100,000 $199,999 Learn More
48 Mo CD
0.55% $10,000 $14,999 Learn More
48 Mo CD
0.55% $100,000 $199,999 Learn More
60 Mo CD
0.65% $10,000 $14,999 Learn More
60 Mo CD
0.65% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - December 3, 2020

Your Current Location: Virginia, VA 20146

Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Central Bank & Trust Company branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Central Bank & Trust Company Locations


Financial Details

Central Bank & Trust Company Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Central Bank & Trust Company. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Central Bank & Trust Company U.S. Bank Average
3.38% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Central Bank & Trust Company had $9,721,000 in non-current loans and $1,871,000 in owned real estate. To cover these potential losses it had $323,482,000 in equity and $19,538,000 in loans loss reserves. That gives it a Texas Ratio of 3.38%.

Return on Equity
Central Bank & Trust Company U.S. Bank Average
7.48% 7.80%

Central Bank & Trust Company has a Return on Equity of 7.48% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Central Bank & Trust Company U.S. Bank Average
11.83% 12.68%

Central Bank & Trust Company has a Capitalization of 11.83% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Central Bank & Trust Company Balance Sheet Analysis

As of March 31, 2020, Central Bank & Trust Company had assets of $2,733,532,000, loans of $2,008,977,000, and deposits of $2,172,480,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 190.24 million
Interest-bearing balances $ 144.70 million
Total securities $ 452.08 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 2.01 billion
Loan loss allowance $ 19.54 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.87 million
Goodwill and other intangibles $ 14.51 million
All other assets $ 38.07 million
     Total Assets $ 2.41 billion
LIABILITIES
Total deposits $ 2.17 billion
      Interest-bearing deposits $ 1,609.42 million
      Deposits held in domestic offices $ 2.17 billion
      % insured (estimated) 79.02%
Federal funds purchased and repurchase agreements $ 155.19 million
Trading liabilities N.A.
Other borrowed funds $ 50.32 million
Subordinated debt N.A.
All other liabilities $ 32.07 million
      Total Liabilities $ 2.41 billion
      Shareholders’ Equity $ 323.48 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 27.29 million
Total Interest Expense $ 3.01 million
Net interest income $ 24.28 million
Provision for loan and lease losses $ 0.77 million
Total non interest income $ 9.54 million
Total non interest expense $ 26.34 million
Pre-tax Net Operating Income $ 6.71 million

Bank Loan Profile?

The top three loan types in Central Bank & Trust Company’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Construction and Development Loans.

Compared to other banks in Kentucky, Central Bank & Trust Company has a significantly higher percent of Credit Card Loans, Construction and Development Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 27.92
Multifamily
Mortgages
4.74
Credit Card Loans 0.35
Consumer Auto Loans 4.40
Small Business Loans 6.50
Construction and Development Loans 14.15
Commercial Real Estate 30.01
Commercial and Industrial Loans 12.20
Farm Loans 0.17

Frequently Asked Questions About Central Bank & Trust Company

Branches and Savings

Is Central Bank & Trust Company FDIC insured?

Yes. It is covered under FDIC Certificate #15815.

Why does Central Bank & Trust Company pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Central Bank & Trust Company CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Central Bank & Trust Company a commercial bank?

Yes

Where are Central Bank & Trust Company locations?

See branch locations nearby.

Is Central Bank & Trust Company open on Saturdays?

Is Central Bank & Trust Company open on Sundays?

What time does Central Bank & Trust Company open?

What time does Central Bank & Trust Company close?

Are Central Bank & Trust Company ATMs Open 24/7?

Do Central Bank & Trust Company ATMs accept cash deposits?

Can Central Bank & Trust Company customers use other ATMs?

Do Central Bank & Trust Company branches have notaries?

Will Central Bank & Trust Company notarize my document?

What address for Central Bank & Trust Company should I put for incoming ACH transfers?

Will the Central Bank & Trust Company branch print checks?

Do Central Bank & Trust Company checks expire?

Does Central Bank & Trust Company require US citizenship to open account?

Can Central Bank & Trust Company close my account?

Does Central Bank & Trust Company Report to credit bureaus?

Does Central Bank & Trust Company Use Equifax?

What is Central Bank & Trust Company's ACH Routing Number?

What is Central Bank & Trust Company's SWIFT code?

Products

Does Central Bank & Trust Company offer mortgages?

Compare mortgage rates here.

Does Central Bank & Trust Company offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Central Bank & Trust Company offer personal loans?

Compare personal loan rates here.

Does Central Bank & Trust Company offer student loans?

Will Central Bank & Trust Company cash a check?

Will Central Bank & Trust Company redeem a savings bond?

Does Central Bank & Trust Company cash savings bonds?

Will Central Bank & Trust Company cash money orders?

Can Central Bank & Trust Company issue a money order?

Does Central Bank & Trust Company do currency exchange?

Background on The Bank

Who owns Central Bank & Trust Company?

How long has Central Bank & Trust Company been around?

Can Central Bank & Trust Company transfer to other banks?

Does Central Bank & Trust Company have quick pay?

Does Central Bank & Trust Company accept rolled coins?

Will Central Bank & Trust Company accept loose change?

Where is Central Bank & Trust Company headquarters?

Customer Reviews for Central Bank & Trust Company


  • November 01, 2019 |

    CDs 12 Month Rates

    Not impressed. Got a CD last November. The staff person put the wrong SS number. I was back home 60 miles away before I realized it. My bad. Central does not issue earnings statements. So the same staff told me
    Thought I would buy a truck in August. Asked about using CD as security for a loan. Less than 25% of the value of the CD. The person that answered the phone did not know if Central did that. Supposedly talked to a loan officer. I held on til she reported back, " we don't do that". The original staff didn't know what a passbook savings account was. I am dating myself, but I retired from FDIC. So on the maturity date of 11\13\19 I will be moving my money
    Still scratching my head!!

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