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

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
    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
  • NoIDNameAddressEstablishedService TypeMap
    08129First Farmers Bank And Trust Company123 North Jefferson Street, Converse, IN 46919January 01, 1932Full Service Brick and Mortar
    1227962Elwood BranchHighway 37 & 13, Elwood, IN 46036January 01, 1932Full Service Brick and Mortar
    4227965State Highway 28 East Tipton BranchIndiana State Highway 28 E, Tipton County, IN 46072March 21, 1977Full Service Brick and Mortar
    7203044Kokomo North Office2041 N. Reed Rd., Kokomo, IN 46901September 15, 1967Full Service Brick and Mortar
    89935Amboy BranchNorth Main Street, Amboy, IN 46911March 19, 1919Full Service Brick and Mortar
    9203045Greentown Branch603 West Main Street, Greentown, IN 46936April 18, 1988Full Service Brick and Mortar
    10227967Kokomo Branch410 Flint Way Drive, Kokomo, IN 46901December 02, 1996Full Service Brick and Mortar
    11227968Peru Branch122 South Broadway, Peru, IN 46970September 02, 1997Full Service Brick and Mortar
    12221872Galveston Branch112 South California Street, Galveston, IN 46932December 16, 1935Full Service Brick and Mortar
    138305Sheridan Branch322 South Main Street, Sheridan, IN 46069January 01, 1914Full Service Brick and Mortar
    15229093North Cass Branch1004 North Cass, Wabash, IN 46992September 07, 1989Full Service Brick and Mortar
    16229187Logansport Branch3900 U.S. 24 East, Logansport, IN 46947July 26, 1986Full Service Brick and Mortar
    18416782 North Broadway Branch2 North Broadway, Peru, IN 46970January 01, 1911Full Service Brick and Mortar
    19270904Knox Branch1402 S. Heaton, Knox, IN 46534March 01, 1934Full Service Brick and Mortar
    209365North Judson Branch310 Lane Street, North Judson, IN 46366April 26, 1927Full Service Brick and Mortar
    219853Culver BranchMain And Jefferson, Culver, IN 46511January 01, 1905Full Service Brick and Mortar
    22478815Huntington Branch211 Hauenstein Road, Huntington, IN 46750July 01, 2007Full Service Brick and Mortar
    23491182Marion Branch830 North Baldwin Avenue, Marion, IN 46952May 14, 2009Full Service Brick and Mortar
    2410697Central Bank Branch160 W Main St, Russiaville, IN 46979Febuary 19, 1947Full Service Brick and Mortar
    25238293Kokomo Branch501 West Lincoln Road, Kokomo, IN 46901August 27, 1973Full Service Brick and Mortar

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