This institution is no longer active

Operations ceased on May 20, 2005. CRA examination history below reflects the period it was active.

CLASSIC BANK

ASHLAND, KY · Supervised by FDIC

Est. 1910FDIC #29,884RSSD: FDIC-29884

Part ofCLASSIC BANCSHARES INC→ View all charters

Satisfactory

Current rating · Exam: November 2004

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At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Adequate

ROA 1.15%

Institution Profile

FDIC BankFind

Address

344 17th St, ASHLAND, KY

County

Boyd County

Established

January 1, 1910

Total Assets

$333M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

November 1, 2004

Exam Type

Small Bank

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 21 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.

Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q1 2005Call Report / FDIC

Total Assets

$333M

Total Deposits

$241M

Net Loans

$254M

Net Income

$978K

ROA

1.15%

ROE

10.78%

Risk-Based Capital

13.03%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

This is the only examination on record for this bank.

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