Farmers State Bank in Booneville, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches


Farmers State Bank - Overview

  • General
  • FDIC Certificate #: 5838
    Status: Active
    Federal Reserve ID: 131717
    Bank Holding Company (Regulatory Top Holder): Middlefork Financial Group Inc. (RSSDID: 1071539, Location: Hyden, KY)
    Date Established: January 02, 1931
    WWW: http://www.farmersstatebankky.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 10241
    FDIC's unique #: 3992
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: December 03, 2007
    Last Structure Change Process Date: May 01, 2008
    Last Data Update: May 01, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: Main Street, Booneville, KY 41314
    County: Owsley
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Lexington
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Southeast
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $54.5 mil
    Equity capital: $5.6 mil
    Deposits held in domestic offices: $44.7 mil
    Return on assets (ROA): 1.51% ($0.8 mil)
    Quarterly return on assets: 1.67% ($0.9 mil)
    Return on Equity (ROE): 16.53% ($1.0 mil)
    Quarterly return on equity: 16.68% ($1.0 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.51% ($822.4 mil)
    Quarterly Pretax return on assets: 1.67% ($909.6 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 15Total employees (full-time equivalent)
  • $54,466Total assets
  • $2,956Cash and due from depository institutions
  • $5Interest-bearing balances
  • $17,161Securities
  • $201Federal funds sold & reverse repurchase agreements
  • $31,035Net loans & leases
  • $464Loan loss allowance
  • $0Trading account assets
  • $1,508Bank premises and fixed assets
  • $312Other real estate owned
  • $0Goodwill and other intangibles
  • $54,466Life insurance assets
  • $1,293All other assets
  • $48,908Total liabilities and capital
  • $44,661Total liabilities
  • $35,311Total deposits
  • $44,661Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 1971.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,074Trading liabilities
  • $0Other borrowed funds
  • $202Subordinated debt
  • $5,558All other liabilities
  • $5,558Total equity capital
  • $5,558Total bank equity capital
  • $0Perpetual preferred stock
  • $50Common stock
  • $2,952Surplus
  • $2,556Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $555Income earned, not collected on loans
  • $0Earning assets
  • $293Long-term assets (5+ years)
  • $48,402Average Assets, year-to-date
  • $32,587Average Assets, quarterly
  • $54,671Volatile liabilities
  • $54,664Insider loans
  • $31,875FHLB advances
  • $42,823Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $4,979Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,090Restructured Loans and leases
  • $444Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,695Total interest income
  • $618Total interest expense
  • $2,077Net interest income
  • $286Provision for loan and lease losses
  • $1,014Total noninterest income
  • $0Fiduciary activities
  • $699Service charges on deposit accounts
  • $0Trading account gains & fees
  • $315Additional noninterest income
  • $1,979Total noninterest expense
  • $685Salaries and employee benefits
  • $291Premises and equipment expense
  • $1,003Additional noninterest expense
  • $826Pre-tax net operating income
  • $1Securities gains (losses)
  • $0Applicable income taxes
  • $827Income before extraordinary items
  • $0Extraordinary gains - net
  • $827Net income attributable to bank
  • $0Net charge-offs
  • $827Cash dividends
  • $348Sale, conversion, retirement of capital stock, net
  • $387Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.51%Yield on earning assets
  • 1.26%Cost of funding earning assets
  • 4.25%Net interest margin
  • 2.07%Noninterest income to earning assets
  • 4.05%Noninterest expense to earning assets
  • 1.51%Net operating income to assets
  • 1.51%Return on assets (ROA)
  • 1.51%Pretax return on assets
  • 16.53%Return on equity (ROE)
  • 8.79%Retained earnings to average equity (YTD only)
  • 1.11%Net charge-offs to loans
  • 82.18%Credit loss provision to net charge-offs
  • 3.20%Efficiency ratio
  • 64,025Assets per employee
  • 3.63%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 46.80%Loss allowance to loans
  • 1.47%Loss allowance to noncurrent loans
  • 83.60%Noncurrent assets plus other real estate owned to assets
  • 1.59%Noncurrent loans to loans
  • 1.76%Net loans and leases to deposits
  • 69.49%Net loans and leases to core deposits
  • 72.24%Equity capital to assets
  • 10.20%Core capital (leverage) ratio
  • 11.63%Tier 1 risk-based capital ratio
  • 15.62%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $54,671Average earning assets
  • $5,004Average equity
  • $48,923Average loans

List of branches

  • 2 Kentucky Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03992Farmers State BankMain Street, Booneville, KY 41314January 02, 1931Full Service Brick and Mortar
    1450388Beattyville Branch1019 Broadway, Highway 11 North, Beattyville, KY 41311December 22, 2004Full Service Brick and Mortar

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