First & Farmers Bank, Inc. in Albany, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 16, 2008

  • First & Farmers Bank, Inc. in Albany, Kentucky (KY)
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First & Farmers Bank, Inc. - Overview

  • General
  • FDIC Certificate #: 8796
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First & Farmers National Bank, Inc. (#2738)
    Federal Reserve ID: 767947
    Date Established: June 01, 1898
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Interstate: No)
    FDIC's unique #: 5600
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: Febuary 16, 2008
    Last Structure Change Process Date: Febuary 20, 2008
    Last Data Update: Febuary 20, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 200 South Washington Street, Albany, KY 42602
    County: Clinton
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Elizabethtown
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Southeast
  • Financial Summary
  • Total assets: $255.5 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, 2007)

  • Dollar figures in thousands
  • 97Total employees (full-time equivalent)
  • $255,485Total assets
  • $10,016Cash and due from depository institutions
  • $0Interest-bearing balances
  • $52,807Securities
  • $6,079Federal funds sold & reverse repurchase agreements
  • $166,828Net loans & leases
  • $2,411Loan loss allowance
  • $0Trading account assets
  • $4,317Bank premises and fixed assets
  • $0Other real estate owned
  • $12,807Goodwill and other intangibles
  • $0Life insurance assets
  • $2,631All other assets
  • $255,485Total liabilities and capital
  • $223,492Total liabilities
  • $218,088Total deposits
  • $180,207Interest-bearing deposits
  • $218,088Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $3,300Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $2,104All other liabilities
  • $31,993Total equity capital
  • $31,993Total bank equity capital
  • $31,993Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $28,898Undivided profits
  • Memoranda
  • $2,095Noncurrent loans and leases
  • $22,064Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,795Earning assets
  • $1,066Long-term assets (5+ years)
  • $1,694Average Assets, year-to-date
  • $225,714Average Assets, quarterly
  • $77,587Volatile liabilities
  • $250,634Insider loans
  • $253,643FHLB advances
  • $52,100Loans and leases held for sale
  • $3,384Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $22,064Total unused commitments
  • $558Restructured Loans and leases
  • $2,251Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $15,058Total interest income
  • $6,304Total interest expense
  • $8,754Net interest income
  • $420Provision for loan and lease losses
  • $1,548Total noninterest income
  • $0Fiduciary activities
  • $1,113Service charges on deposit accounts
  • $0Trading account gains & fees
  • $435Additional noninterest income
  • $7,543Total noninterest expense
  • $4,417Salaries and employee benefits
  • $711Premises and equipment expense
  • $2,415Additional noninterest expense
  • $2,339Pre-tax net operating income
  • $0Securities gains (losses)
  • $578Applicable income taxes
  • $1,761Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,761Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $221Sale, conversion, retirement of capital stock, net
  • $1,250Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.79%Yield on earning assets
  • 2.84%Cost of funding earning assets
  • 3.95%Net interest margin
  • 0.70%Noninterest income to earning assets
  • 3.40%Noninterest expense to earning assets
  • 0.70%Net operating income to assets
  • 0.70%Return on assets (ROA)
  • 0.93%Pretax return on assets
  • 5.60%Return on equity (ROE)
  • 1.62%Retained earnings to average equity (YTD only)
  • 0.13%Net charge-offs to loans
  • 190.05%Credit loss provision to net charge-offs
  • 12.48%Efficiency ratio
  • 71,103Assets per employee
  • 2.63%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 70.98%Loss allowance to loans
  • 1.42%Loss allowance to noncurrent loans
  • 86.26%Noncurrent assets plus other real estate owned to assets
  • 1.09%Noncurrent loans to loans
  • 1.65%Net loans and leases to deposits
  • 76.50%Net loans and leases to core deposits
  • 98.55%Equity capital to assets
  • 12.52%Core capital (leverage) ratio
  • 8.02%Tier 1 risk-based capital ratio
  • 10.78%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $250,634Average earning assets
  • $31,474Average equity
  • $221,868Average loans

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