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

This bank is inactive as of January 01, 1995

  • First Farmers National Bank in Converse, Indiana (IN)
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First Farmers National Bank - Overview

  • General
  • FDIC Certificate #: 4327
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Farmers Bank and Trust Company (#12839)
    Federal Reserve ID: 139843
    Date Established: July 01, 1885
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Interstate: No)
    OTS Docket #: 8988
    FDIC's unique #: 2840
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: January 01, 1995
    Last Structure Change Process Date: Febuary 24, 1995
    Last Data Update: April 11, 1998
    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
  • Financial Summary
  • Total assets: $72.6 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $35Total assets
  • $72,558Cash and due from depository institutions
  • $2,534Interest-bearing balances
  • $500Securities
  • $18,562Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $48,475Loan loss allowance
  • $577Trading account assets
  • $0Bank premises and fixed assets
  • $1,576Other real estate owned
  • $170Goodwill and other intangibles
  • $1,241Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $72,558Total liabilities
  • $66,129Total deposits
  • $59,711Interest-bearing deposits
  • $53,757Deposits held in domestic offices
  • 59711.00%% insured (estimated)
  • $93Federal funds purchased & repurchase agreements
  • $1,428Trading liabilities
  • $0Other borrowed funds
  • $4,200Subordinated debt
  • $0All other liabilities
  • $790Total equity capital
  • $790Total bank equity capital
  • $6,429Perpetual preferred stock
  • $0Common stock
  • $1,244Surplus
  • $1,458Undivided profits
  • Memoranda
  • $3,727Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $585Earning assets
  • $67,537Long-term assets (5+ years)
  • $14,598Average Assets, year-to-date
  • $72,325Average Assets, quarterly
  • $73,506Volatile liabilities
  • $7,814Insider loans
  • $1,608FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $5,271Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $6,692Total risk weighted assets
  • $49,572Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $5,292Total interest expense
  • $2,183Net interest income
  • $3,109Provision for loan and lease losses
  • $30Total noninterest income
  • $472Fiduciary activities
  • $0Service charges on deposit accounts
  • $152Trading account gains & fees
  • $0Additional noninterest income
  • $320Total noninterest expense
  • $2,144Salaries and employee benefits
  • $1,059Premises and equipment expense
  • $375Additional noninterest expense
  • $710Pre-tax net operating income
  • $1,407Securities gains (losses)
  • -$99Applicable income taxes
  • $392Income before extraordinary items
  • $916Extraordinary gains - net
  • $0Net income attributable to bank
  • $916Net charge-offs
  • -$9Cash dividends
  • $450Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.85%Cost of funding earning assets
  • 3.24%Net interest margin
  • 4.61%Noninterest income to earning assets
  • 0.70%Noninterest expense to earning assets
  • 3.18%Net operating income to assets
  • 1.36%Return on assets (ROA)
  • 1.27%Pretax return on assets
  • 1.81%Return on equity (ROE)
  • 14.25%Retained earnings to average equity (YTD only)
  • 7.25%Net charge-offs to loans
  • -0.02%Credit loss provision to net charge-offs
  • -333.33%Efficiency ratio
  • 59,872Assets per employee
  • 2.07%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 49.13%Loss allowance to loans
  • 1.18%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.23%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 81.18%Net loans and leases to core deposits
  • 84.27%Equity capital to assets
  • 8.86%Core capital (leverage) ratio
  • 9.01%Tier 1 risk-based capital ratio
  • 13.50%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $72,325Average earning assets
  • $6,429Average equity
  • $67,382Average loans

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