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Bluegrass Community Bank

Popular Accounts at this Bank

1.51%Reward CheckingKasasa Checking
1.36%5-year CD60 Month CD
0.45%1-year CD12 Month CD

Overview / Commentary
113 Smoky Way
Danville, KY 40422

Bluegrass Community Bank is headquartered in Danville and is the 134th largest bank in the state of Kentucky. It is also the 4,961st largest bank in the nation. It was established in 2009 and as of June of 2017, it had grown to 13 employees at 2 locations. Bluegrass Community Bank's money market rates are 25% higher than the national average, but it has a C health rating.

Reviews (1)

FDIC Directive To The Board Of Directors

The FDIC issued last month an order to the Bank stressing more involvement of the Board of Directors and to hire qualified Compliance Officer which the FDIC must apporve. This officer will only report to the AUDIT Committee so that Doug Ayers as CEO has no supervisory wieght that could deter this individual from preforming their duties. This is a precurser to its no longer the Bank of Doug and others must act and act now. bankalchemist.

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Bluegrass Community Bank has a relatively low asset base, and a negative return on equity.

Health Grade Components

FDIC Certificate #58848
Year Established2009
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD-1.24%
Return on Equity - YTD-13.26%
Annual Interest Income$1.2MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$64.2MM$75.4MM
LoansQ2 2017vs Q2 2016$36.1MM$54.1MM
DepositsQ2 2017vs Q2 2016$53.1MM$62.6MM
Equity CapitalQ2 2017vs Q2 2016$6.0MM$7.0MM
Loan Loss AllowanceQ2 2017vs Q2 2016$717.00K$646.00K
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$790.00K$319.00K
Real Estate OwnedQ2 2017vs Q2 2016$527.00K$468.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Bluegrass Community Bank Savings Account Rates

0.25%--Savings Accounts

Bluegrass Community Bank Money Market Rates

0.55%*$35k*-Money Market
OTHER TIERS: 0.30% Up to $1k | 0.40% $1k - $10k | 0.45% $10k - $35k

Bluegrass Community Bank Checking Account Rates

1.51%*-$25kKasasa Checking
OTHER TIERS: 0.40% $25k+
0.40%*$100k*-NOW Accounts
OTHER TIERS: 0.10% Up to $5k | 0.20% $5k - $15k | 0.30% $15k - $35k | 0.35% $35k - $100k

Bluegrass Community Bank CD Rates

1.36%$500-60 Month CD
1.10%$500-48 Month CD
1.00%$500-36 Month CD
0.80%$500-24 Month CD
0.60%$500-18 Month CD
0.45%$500-12 Month CD
0.25%$500-180 Day CD
0.20%$500-90 Day CD

Bluegrass Community Bank Locations
Bluegrass Community Bank113 Smoky WayDanville, KY 40422
Perryville Branch314 E. 2nd StreetPerryville, KY 40468