First Farmers Bank and Trust Company in Owenton, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Farmers Bank and Trust Company - Overview

  • General
  • FDIC Certificate #: 2762
    Status: Active
    Federal Reserve ID: 466549
    Bank Holding Company (Regulatory Top Holder): Lea M. Mcmullan Trust (RSSDID: 2847236, Location: Shelbyville, KY)
    Date Established: January 01, 1934
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 11484
    FDIC's unique #: 1798
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: August 09, 2008
    Last Structure Change Process Date: August 11, 2008
    Last Data Update: August 11, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 127 North Thomas Street, Owenton, KY 40359
    County: Owen
    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
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $116.3 mil
    Equity capital: $15.6 mil
    Deposits held in domestic offices: $91.4 mil
    Return on assets (ROA): 1.11% ($1.3 mil)
    Quarterly return on assets: 1.19% ($1.4 mil)
    Return on Equity (ROE): 8.50% ($1.4 mil)
    Quarterly return on equity: 8.87% ($1.4 mil)
    Net income: $1.3 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.67% ($1,942.0 mil)
    Quarterly Pretax return on assets: 1.80% ($2,093.1 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
  • 35Total employees (full-time equivalent)
  • $116,285Total assets
  • $2,070Cash and due from depository institutions
  • $242Interest-bearing balances
  • $8,001Securities
  • $6,517Federal funds sold & reverse repurchase agreements
  • $89,814Net loans & leases
  • $840Loan loss allowance
  • $0Trading account assets
  • $2,341Bank premises and fixed assets
  • $926Other real estate owned
  • $3,468Goodwill and other intangibles
  • $116,285Life insurance assets
  • $3,148All other assets
  • $100,723Total liabilities and capital
  • $91,419Total liabilities
  • $75,182Total deposits
  • $91,419Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 1000.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $7,311Trading liabilities
  • $0Other borrowed funds
  • $993Subordinated debt
  • $15,562All other liabilities
  • $15,562Total equity capital
  • $15,562Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $9,853Surplus
  • $5,509Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,739Income earned, not collected on loans
  • $0Earning assets
  • $771Long-term assets (5+ years)
  • $104,574Average Assets, year-to-date
  • $56,188Average Assets, quarterly
  • $118,155Volatile liabilities
  • $116,360Insider loans
  • $84,572FHLB advances
  • $115,188Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $12,009Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,389Restructured Loans and leases
  • $901Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,123Total interest income
  • $1,404Total interest expense
  • $4,719Net interest income
  • $420Provision for loan and lease losses
  • $726Total noninterest income
  • $0Fiduciary activities
  • $499Service charges on deposit accounts
  • $0Trading account gains & fees
  • $227Additional noninterest income
  • $3,057Total noninterest expense
  • $1,427Salaries and employee benefits
  • $312Premises and equipment expense
  • $1,318Additional noninterest expense
  • $1,968Pre-tax net operating income
  • $0Securities gains (losses)
  • $662Applicable income taxes
  • $1,306Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,306Net income attributable to bank
  • $0Net charge-offs
  • $1,306Cash dividends
  • $779Sale, conversion, retirement of capital stock, net
  • $1,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.74%Yield on earning assets
  • 1.32%Cost of funding earning assets
  • 4.42%Net interest margin
  • 0.68%Noninterest income to earning assets
  • 2.87%Noninterest expense to earning assets
  • 1.11%Net operating income to assets
  • 1.11%Return on assets (ROA)
  • 1.67%Pretax return on assets
  • 8.50%Return on equity (ROE)
  • 1.99%Retained earnings to average equity (YTD only)
  • 0.85%Net charge-offs to loans
  • 53.92%Credit loss provision to net charge-offs
  • 3.07%Efficiency ratio
  • 55,445Assets per employee
  • 3.32%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 76.57%Loss allowance to loans
  • 0.93%Loss allowance to noncurrent loans
  • 48.30%Noncurrent assets plus other real estate owned to assets
  • 2.29%Noncurrent loans to loans
  • 1.92%Net loans and leases to deposits
  • 98.24%Net loans and leases to core deposits
  • 113.34%Equity capital to assets
  • 13.38%Core capital (leverage) ratio
  • 10.43%Tier 1 risk-based capital ratio
  • 14.20%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $118,155Average earning assets
  • $15,363Average equity
  • $106,656Average loans

List of branches

  • 4 Kentucky Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01798First Farmers Bank And Trust Company127 North Thomas Street, Owenton, KY 40359January 01, 1934Full Service Brick and Mortar
    1194173Gratz Branch95 Main Street, Gratz, KY 40359July 01, 1965Full Service Brick and Mortar
    2194174Warsaw Branch506 East Main Street, Warsaw, KY 41095January 01, 1999Full Service Brick and Mortar
    35583New Liberty Branch460 Kentucky Highway 227 North, New Liberty, KY 40355January 01, 1884Full Service Brick and Mortar

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