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


  • Farmers State Bank in Booneville, Kentucky (KY)
  • Show street view No street view available for this location
Farmers State Bank routing number info

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

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Farmers State Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents