First Farmers Bank and Trust Company in city_name, state_name

First Farmers Bank and Trust Company in Converse, Indiana (IN)
Show street view No street view available for this location

First Farmers Bank and Trust Company routing number info

First Farmers Bank and Trust Company - Overview

General
FDIC Certificate #: 12839
Status: Active
Federal Reserve ID: 139843
Bank Holding Company (Regulatory Top Holder): First Farmers Financial Corporation (RSSDID: 1249039, Location: Converse, IN)
Date Established: January 01, 1932
WWW: http://www.ffbt.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 20 (Domestic: 20, Interstate: No)
OTS Docket #: 12880
FDIC's unique #: 8129
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Agricultural lending institution: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: December 05, 2009
Last Structure Change Process Date: December 09, 2009
Last Data Update: December 09, 2009
Data Source Date: April 05, 2012
Location
Address: 123 North Jefferson Street, Converse, IN 46919
County: Miami
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Indianapolis
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Combined Statistical Area (CSA): Kokomo-Peru, IN (#316)
Core Based Statistical Area (CBSA): Peru, IN (#37940)
CBSA Micro Statistical Area: Yes
History of Changes
Participated in Absorption/Consolidation/Merger
Financial Summary
Total assets: $912.5 mil
Equity capital: $93.6 mil
Deposits held in domestic offices: $732.0 mil
Return on assets (ROA): 1.32% ($12.0 mil)
Quarterly return on assets: 1.38% ($12.6 mil)
Return on Equity (ROE): 12.92% ($12.1 mil)
Quarterly return on equity: 13.47% ($12.7 mil)
Net income: $11.5 mil
Quarterly Net income: $3.1 mil
Pretax return on assets: 1.82% ($16,606.8 mil)
Quarterly Pretax return on assets: 1.79% ($16,333.1 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
211Total employees (full-time equivalent)
$912,462Total assets
$22,205Cash and due from depository institutions
$1,592Interest-bearing balances
$155,067Securities
$0Federal funds sold & reverse repurchase agreements
$689,854Net loans & leases
$8,423Loan loss allowance
$0Trading account assets
$13,460Bank premises and fixed assets
$1,295Other real estate owned
$10,214Goodwill and other intangibles
$912,462Life insurance assets
$20,367All other assets
$818,911Total liabilities and capital
$732,043Total liabilities
$579,744Total deposits
$732,043Interest-bearing deposits
$80Deposits held in domestic offices
1900.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$72,325Trading liabilities
$0Other borrowed funds
$12,643Subordinated debt
$93,551All other liabilities
$93,551Total equity capital
$93,551Total bank equity capital
$0Perpetual preferred stock
$1,694Common stock
$38,745Surplus
$53,112Undivided profits
Memoranda
$0Noncurrent loans and leases
$12,375Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$4,337Income earned, not collected on loans
$1,737Earning assets
$5,279Long-term assets (5+ years)
$846,513Average Assets, year-to-date
$152,503Average Assets, quarterly
$872,115Volatile liabilities
$903,340Insider loans
$741,041FHLB advances
$914,970Loans and leases held for sale
$1,132Unused loan commitments
$17Tier 1 (core) risk-based capital
$83,820Tier 2 risk-based capital
$536Total risk weighted assets
$579Total unused commitments
$161,884Restructured Loans and leases
$14,369Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$42,152Total interest income
$7,747Total interest expense
$34,405Net interest income
$4,875Provision for loan and lease losses
$8,234Total noninterest income
$166Fiduciary activities
$1,927Service charges on deposit accounts
$0Trading account gains & fees
$6,141Additional noninterest income
$21,893Total noninterest expense
$12,616Salaries and employee benefits
$3,422Premises and equipment expense
$5,855Additional noninterest expense
$15,871Pre-tax net operating income
$24Securities gains (losses)
$4,405Applicable income taxes
$11,490Income before extraordinary items
$0Extraordinary gains - net
$11,490Net income attributable to bank
$0Net charge-offs
$11,490Cash dividends
$4,741Sale, conversion, retirement of capital stock, net
$3,650Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.21%Yield on earning assets
0.96%Cost of funding earning assets
4.25%Net interest margin
1.02%Noninterest income to earning assets
2.71%Noninterest expense to earning assets
1.32%Net operating income to assets
1.32%Return on assets (ROA)
1.82%Pretax return on assets
12.92%Return on equity (ROE)
8.82%Retained earnings to average equity (YTD only)
0.72%Net charge-offs to loans
102.83%Credit loss provision to net charge-offs
4.38%Efficiency ratio
49,612Assets per employee
4.32%Cash dividends to net income (YTD only)
Condition Ratios (%)
31.77%Loss allowance to loans
1.21%Loss allowance to noncurrent loans
194.21%Noncurrent assets plus other real estate owned to assets
0.62%Noncurrent loans to loans
0.62%Net loans and leases to deposits
94.24%Net loans and leases to core deposits
108.43%Equity capital to assets
10.25%Core capital (leverage) ratio
9.16%Tier 1 risk-based capital ratio
11.31%Total risk-based capital ratio
Memoranda
$12Average assets
$872,115Average earning assets
$88,916Average equity
$809,170Average loans

Total Fiduciary and Related Assets (December 31, 2011)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$48,000Managed Assets
1Number of Accounts
$20,269Personal trust and agency accounts
$19,548Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$721Investment management agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
103Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$27,731Other retirement accounts
$7,316Corporate trust and agency accounts
$20,415Other fiduciary accounts
$0Fiduciary accounts held in foreign offices

List of branches

20 Indiana Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	8129	First Farmers Bank And Trust Company	123 North Jefferson Street, Converse, IN 46919	January 01, 1932	Full Service Brick and Mortar
1	227962	Elwood Branch	Highway 37 & 13, Elwood, IN 46036	January 01, 1932	Full Service Brick and Mortar
4	227965	State Highway 28 East Tipton Branch	Indiana State Highway 28 E, Tipton County, IN 46072	March 21, 1977	Full Service Brick and Mortar
7	203044	Kokomo North Office	2041 N. Reed Rd., Kokomo, IN 46901	September 15, 1967	Full Service Brick and Mortar
8	9935	Amboy Branch	North Main Street, Amboy, IN 46911	March 19, 1919	Full Service Brick and Mortar
9	203045	Greentown Branch	603 West Main Street, Greentown, IN 46936	April 18, 1988	Full Service Brick and Mortar
10	227967	Kokomo Branch	410 Flint Way Drive, Kokomo, IN 46901	December 02, 1996	Full Service Brick and Mortar
11	227968	Peru Branch	122 South Broadway, Peru, IN 46970	September 02, 1997	Full Service Brick and Mortar
12	221872	Galveston Branch	112 South California Street, Galveston, IN 46932	December 16, 1935	Full Service Brick and Mortar
13	8305	Sheridan Branch	322 South Main Street, Sheridan, IN 46069	January 01, 1914	Full Service Brick and Mortar
15	229093	North Cass Branch	1004 North Cass, Wabash, IN 46992	September 07, 1989	Full Service Brick and Mortar
16	229187	Logansport Branch	3900 U.S. 24 East, Logansport, IN 46947	July 26, 1986	Full Service Brick and Mortar
18	41678	2 North Broadway Branch	2 North Broadway, Peru, IN 46970	January 01, 1911	Full Service Brick and Mortar
19	270904	Knox Branch	1402 S. Heaton, Knox, IN 46534	March 01, 1934	Full Service Brick and Mortar
20	9365	North Judson Branch	310 Lane Street, North Judson, IN 46366	April 26, 1927	Full Service Brick and Mortar
21	9853	Culver Branch	Main And Jefferson, Culver, IN 46511	January 01, 1905	Full Service Brick and Mortar
22	478815	Huntington Branch	211 Hauenstein Road, Huntington, IN 46750	July 01, 2007	Full Service Brick and Mortar
23	491182	Marion Branch	830 North Baldwin Avenue, Marion, IN 46952	May 14, 2009	Full Service Brick and Mortar
24	10697	Central Bank Branch	160 W Main St, Russiaville, IN 46979	Febuary 19, 1947	Full Service Brick and Mortar
25	238293	Kokomo Branch	501 West Lincoln Road, Kokomo, IN 46901	August 27, 1973	Full Service Brick and Mortar

First Farmers Bank and Trust Company in Converse, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Farmers Bank and Trust Company - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

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

First Farmers Bank and Trust Company in Converse, Indiana (IN)Overview, Financial Summary, Detailed Financial Reports, Branches

First Farmers Bank and Trust Company - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

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

First Farmers Bank and Trust Company in Converse, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches