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


First & Farmers National Bank, Inc. - Overview

  • General
  • FDIC Certificate #: 2738
    Status: Active
    Federal Reserve ID: 721949
    Bank Holding Company (Regulatory Top Holder): Albany Bancorp, Inc. (RSSDID: 2022444, Location: Albany, KY)
    Date Established: October 15, 1903
    WWW: http://www.firstandfarmers.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 12 (Domestic: 12, Interstate: No)
    OTS Docket #: 9695
    FDIC's unique #: 1777
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: June 01, 2010
    Last Structure Change Process Date: June 01, 2010
    Last Data Update: June 01, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 Public Square, Somerset, KY 42501
    County: Pulaski
    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
    Core Based Statistical Area (CBSA): Somerset, KY (#43700)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $471.0 mil
    Equity capital: $61.6 mil
    Deposits held in domestic offices: $396.6 mil
    Return on assets (ROA): 0.84% ($4.0 mil)
    Quarterly return on assets: 0.90% ($4.2 mil)
    Return on Equity (ROE): 6.55% ($4.1 mil)
    Quarterly return on equity: 6.86% ($4.3 mil)
    Net income: $3.9 mil
    Quarterly Net income: $1.1 mil
    Pretax return on assets: 1.10% ($5,180.8 mil)
    Quarterly Pretax return on assets: 1.20% ($5,651.8 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
  • 155Total employees (full-time equivalent)
  • $470,983Total assets
  • $11,764Cash and due from depository institutions
  • $0Interest-bearing balances
  • $154,019Securities
  • $4,872Federal funds sold & reverse repurchase agreements
  • $269,147Net loans & leases
  • $4,805Loan loss allowance
  • $0Trading account assets
  • $6,229Bank premises and fixed assets
  • $473Other real estate owned
  • $17,451Goodwill and other intangibles
  • $470,983Life insurance assets
  • $7,028All other assets
  • $409,372Total liabilities and capital
  • $396,636Total liabilities
  • $322,731Total deposits
  • $396,636Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 7447.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $51Trading liabilities
  • $0Other borrowed funds
  • $5,238Subordinated debt
  • $61,611All other liabilities
  • $61,611Total equity capital
  • $61,611Total bank equity capital
  • $0Perpetual preferred stock
  • $1,200Common stock
  • $45,850Surplus
  • $14,561Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $97Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,132Income earned, not collected on loans
  • $0Earning assets
  • $3,002Long-term assets (5+ years)
  • $428,038Average Assets, year-to-date
  • $227,655Average Assets, quarterly
  • $462,589Volatile liabilities
  • $470,570Insider loans
  • $309,864FHLB advances
  • $451,200Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $40,207Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $30,787Restructured Loans and leases
  • $1,330Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $22,105Total interest income
  • $4,762Total interest expense
  • $17,343Net interest income
  • $2,050Provision for loan and lease losses
  • $3,142Total noninterest income
  • $0Fiduciary activities
  • $2,238Service charges on deposit accounts
  • $0Trading account gains & fees
  • $904Additional noninterest income
  • $13,464Total noninterest expense
  • $7,420Salaries and employee benefits
  • $1,149Premises and equipment expense
  • $4,895Additional noninterest expense
  • $4,971Pre-tax net operating income
  • $95Securities gains (losses)
  • $1,177Applicable income taxes
  • $3,889Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,889Net income attributable to bank
  • $0Net charge-offs
  • $3,889Cash dividends
  • $1,286Sale, conversion, retirement of capital stock, net
  • $2,047Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.31%Yield on earning assets
  • 1.14%Cost of funding earning assets
  • 4.16%Net interest margin
  • 0.75%Noninterest income to earning assets
  • 3.23%Noninterest expense to earning assets
  • 0.82%Net operating income to assets
  • 0.84%Return on assets (ROA)
  • 1.10%Pretax return on assets
  • 6.55%Return on equity (ROE)
  • 3.10%Retained earnings to average equity (YTD only)
  • 0.48%Net charge-offs to loans
  • 159.41%Credit loss provision to net charge-offs
  • 5.46%Efficiency ratio
  • 65,204Assets per employee
  • 3.04%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 52.64%Loss allowance to loans
  • 1.75%Loss allowance to noncurrent loans
  • 93.63%Noncurrent assets plus other real estate owned to assets
  • 2.46%Noncurrent loans to loans
  • 1.87%Net loans and leases to deposits
  • 67.86%Net loans and leases to core deposits
  • 72.06%Equity capital to assets
  • 13.08%Core capital (leverage) ratio
  • 8.91%Tier 1 risk-based capital ratio
  • 12.98%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $462,589Average earning assets
  • $59,362Average equity
  • $416,676Average loans

List of branches

  • 12 Kentucky Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01777First & Farmers National Bank, Inc.100 Public Square, Somerset, KY 42501October 15, 1903Full Service Brick and Mortar
    1194032Drive-In Branch112 Burksville Street, Columbia, KY 42728January 04, 1968Limited Service Facility
    2194033Wright Drive Branch701 Wright Drive, Columbia, KY 42728Febuary 14, 1980Full Service Brick and Mortar
    3365164Burkesville Branch129 N. Main Street, Burkesville, KY 42717October 12, 2001Full Service Brick and Mortar
    45600200 South Washington Street Branch200 South Washington Street, Albany, KY 42602June 01, 1898Full Service Brick and Mortar
    5218976Albany Branch101 Plaza Drive, Albany, KY 42602January 23, 1997Full Service Brick and Mortar
    7193996Burnside Branch14 French Avenue, Burnside, KY 42519March 23, 1955Full Service Brick and Mortar
    8193999Somerset Plaza Branch100 Turner Road, Somerset, KY 42503January 02, 1973Full Service Brick and Mortar
    9194000Nancy Branch9260 Highway 80, Nancy, KY 42544November 19, 1973Full Service Brick and Mortar
    10194001Grand Central Branch2821 South Highway 27, Somerset, KY 42501November 13, 1987Full Service Brick and Mortar
    11471464224 South Public Square Columbia224 South Public Square, Columbia, KY 42728Febuary 16, 2008Full Service Brick and Mortar
    13496421Somerset North Main Street Branch527 North Main Street, Somerset, KY 42501October 22, 2009Full Service Brick and Mortar

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