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- Banks in Kentucky (KY)
- Farmers Bank
Farmers Bank in Owingsville, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of January 01, 1998
- Farmers Bank in Owingsville, Kentucky (KY)
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Farmers Bank - Overview
- General
- FDIC Certificate #: 17704
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: The Progressive Bank, National Association (#2751)
Federal Reserve ID: 370516
Date Established: May 20, 1893
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
OTS Docket #: 13360
FDIC's unique #: 11664
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: December 20, 1956
Last Structure Change Effective Date: January 01, 1998
Last Structure Change Process Date: January 15, 1998
Last Data Update: January 15, 1998
Data Source Date: April 05, 2012 - Location
- Address: Main Street, Owingsville, KY 40360
County: Bath
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Dallas
FDIC Field Office: Lexington
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Southeast
Combined Statistical Area (CSA): Lexington-Fayette-Frankfort-Richmond, KY (#336)
Core Based Statistical Area (CBSA): Mount Sterling, KY (#34460)
CBSA Micro Statistical Area: Yes - Financial Summary
- Total assets: $42.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
- Dollar figures in thousands
- 10Total employees (full-time equivalent)
- $42,816Total assets
- $731Cash and due from depository institutions
- $0Interest-bearing balances
- $7,389Securities
- $239Federal funds sold & reverse repurchase agreements
- $33,566Net loans & leases
- $371Loan loss allowance
- $0Trading account assets
- $536Bank premises and fixed assets
- $0Other real estate owned
- $0Goodwill and other intangibles
- $0Life insurance assets
- $355All other assets
- $42,816Total liabilities and capital
- $39,860Total liabilities
- $39,393Total deposits
- $32,009Interest-bearing deposits
- $39,393Deposits held in domestic offices
- 0.00%% insured (estimated)
- $179Federal funds purchased & repurchase agreements
- $0Trading liabilities
- $0Other borrowed funds
- $0Subordinated debt
- $288All other liabilities
- $2,956Total equity capital
- $2,956Total bank equity capital
- $2,956Perpetual preferred stock
- $0Common stock
- $75Surplus
- $925Undivided profits
- Memoranda
- $1,956Noncurrent loans and leases
- $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
- $0Income earned, not collected on loans
- $69Earning assets
- $0Long-term assets (5+ years)
- $278Average Assets, year-to-date
- $41,194Average Assets, quarterly
- $2,878Volatile liabilities
- $40,292Insider loans
- $41,254FHLB advances
- $3,807Loans and leases held for sale
- $889Unused loan commitments
- $0Tier 1 (core) risk-based capital
- $0Tier 2 risk-based capital
- $0Total risk weighted assets
- $4,222Total unused commitments
- $0Restructured Loans and leases
- $29,447Derivatives
Income and Expense (December 31, 1997)
- Dollar figures in thousands
- $3,371Total interest income
- $1,665Total interest expense
- $1,706Net interest income
- $120Provision for loan and lease losses
- $169Total noninterest income
- $0Fiduciary activities
- $97Service charges on deposit accounts
- $0Trading account gains & fees
- $72Additional noninterest income
- $904Total noninterest expense
- $410Salaries and employee benefits
- $72Premises and equipment expense
- $422Additional noninterest expense
- $851Pre-tax net operating income
- $5Securities gains (losses)
- $42Applicable income taxes
- $814Income before extraordinary items
- $0Extraordinary gains - net
- $814Net income attributable to bank
- $0Net charge-offs
- $0Cash dividends
- -$14Sale, conversion, retirement of capital stock, net
- $724Net operating income
Performance and Condition Ratios (December 31, 1997)
- Dollar figures in thousands
- Performance Ratios (%, annualized)
- 8.78%Yield on earning assets
- 4.34%Cost of funding earning assets
- 4.44%Net interest margin
- 0.44%Noninterest income to earning assets
- 2.35%Noninterest expense to earning assets
- 2.01%Net operating income to assets
- 2.02%Return on assets (ROA)
- 2.12%Pretax return on assets
- 27.94%Return on equity (ROE)
- 3.09%Retained earnings to average equity (YTD only)
- -0.04%Net charge-offs to loans
- -857.14%Credit loss provision to net charge-offs
- 0.00%Efficiency ratio
- 48,213Assets per employee
- 4.28%Cash dividends to net income (YTD only)
- Condition Ratios (%)
- 88.94%Loss allowance to loans
- 1.09%Loss allowance to noncurrent loans
- 537.68%Noncurrent assets plus other real estate owned to assets
- 0.16%Noncurrent loans to loans
- 0.20%Net loans and leases to deposits
- 85.21%Net loans and leases to core deposits
- 93.85%Equity capital to assets
- 6.90%Core capital (leverage) ratio
- 7.29%Tier 1 risk-based capital ratio
- 9.94%Total risk-based capital ratio
- Memoranda
- $11Average assets
- $40,292Average earning assets
- $2,913Average equity
- $38,389Average loans
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- Banks in Kentucky (KY)
- Farmers Bank
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