Kentucky Farmers Bank Corporation in Catlettsburg, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches


Kentucky Farmers Bank Corporation - Overview

  • General
  • FDIC Certificate #: 267
    Status: Active
    Federal Reserve ID: 683814
    Date Established: January 01, 1931
    WWW: http://www.kentuckyfarmersbank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 214
    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: Yes
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: September 09, 2010
    Last Structure Change Process Date: September 10, 2010
    Last Data Update: September 10, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 2500 Broadway, Catlettsburg, KY 41129
    County: Boyd
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Lexington
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Huntington-Ashland, WV-KY-OH (#3400)
    Core Based Statistical Area (CBSA): Huntington-Ashland, WV-KY-OH (#26580)
    CBSA Metro Statistical Area: Huntington-Ashland, WV-KY-OH (#26580)
  • History of Changes
  • Name Change
  • Financial Summary
  • Total assets: $170.4 mil
    Equity capital: $38.8 mil
    Deposits held in domestic offices: $131.1 mil
    Return on assets (ROA): 3.69% ($6.3 mil)
    Quarterly return on assets: 3.47% ($5.9 mil)
    Return on Equity (ROE): 15.95% ($6.2 mil)
    Quarterly return on equity: 15.07% ($5.9 mil)
    Net income: $6.1 mil
    Quarterly Net income: $1.5 mil
    Pretax return on assets: 3.69% ($6,287.4 mil)
    Quarterly Pretax return on assets: 3.47% ($5,912.5 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
  • 61Total employees (full-time equivalent)
  • $170,389Total assets
  • $7,993Cash and due from depository institutions
  • $4,533Interest-bearing balances
  • $76,042Securities
  • $8,000Federal funds sold & reverse repurchase agreements
  • $71,751Net loans & leases
  • $1,458Loan loss allowance
  • $0Trading account assets
  • $3,707Bank premises and fixed assets
  • $109Other real estate owned
  • $0Goodwill and other intangibles
  • $170,389Life insurance assets
  • $2,787All other assets
  • $131,567Total liabilities and capital
  • $131,116Total liabilities
  • $98,836Total deposits
  • $131,116Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $451Subordinated debt
  • $38,822All other liabilities
  • $38,822Total equity capital
  • $38,822Total bank equity capital
  • $0Perpetual preferred stock
  • $2,000Common stock
  • $14,000Surplus
  • $22,822Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $667Income earned, not collected on loans
  • $0Earning assets
  • $849Long-term assets (5+ years)
  • $160,326Average Assets, year-to-date
  • $99,876Average Assets, quarterly
  • $165,899Volatile liabilities
  • $169,665Insider loans
  • $111,236FHLB advances
  • $171,617Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $36,977Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,964Restructured Loans and leases
  • $922Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,895Total interest income
  • $846Total interest expense
  • $9,049Net interest income
  • -$18Provision for loan and lease losses
  • $1,208Total noninterest income
  • $331Fiduciary activities
  • $425Service charges on deposit accounts
  • $0Trading account gains & fees
  • $452Additional noninterest income
  • $4,733Total noninterest expense
  • $2,507Salaries and employee benefits
  • $594Premises and equipment expense
  • $1,632Additional noninterest expense
  • $5,542Pre-tax net operating income
  • $576Securities gains (losses)
  • $0Applicable income taxes
  • $6,118Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,118Net income attributable to bank
  • $0Net charge-offs
  • $6,118Cash dividends
  • $104Sale, conversion, retirement of capital stock, net
  • $5,600Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.39%Yield on earning assets
  • 0.55%Cost of funding earning assets
  • 5.84%Net interest margin
  • 0.78%Noninterest income to earning assets
  • 3.05%Noninterest expense to earning assets
  • 3.34%Net operating income to assets
  • 3.69%Return on assets (ROA)
  • 3.69%Pretax return on assets
  • 15.95%Return on equity (ROE)
  • 1.35%Retained earnings to average equity (YTD only)
  • 0.14%Net charge-offs to loans
  • -17.31%Credit loss provision to net charge-offs
  • 53.12%Efficiency ratio
  • 46,144Assets per employee
  • 2.79%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 91.53%Loss allowance to loans
  • 1.99%Loss allowance to noncurrent loans
  • 218.59%Noncurrent assets plus other real estate owned to assets
  • 0.46%Noncurrent loans to loans
  • 0.91%Net loans and leases to deposits
  • 54.72%Net loans and leases to core deposits
  • 57.10%Equity capital to assets
  • 22.78%Core capital (leverage) ratio
  • 21.55%Tier 1 risk-based capital ratio
  • 33.24%Total risk-based capital ratio
  • Memoranda
  • $34Average assets
  • $165,899Average earning assets
  • $38,351Average equity
  • $154,928Average 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
  • $47,388Managed Assets
  • 1Number of Accounts
  • $47,387Personal trust and agency accounts
  • $4,362Employee benefit-defined contribution accounts
  • $3,177Employee benefit-defined benefit accounts
  • $8,770Other retirement accounts
  • $7,271Corporate trust and agency accounts
  • $1,938Investment management agency accounts
  • $21,869Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 71Number of Accounts
  • $0Personal trust and agency accounts
  • $7,271Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $1Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 3 Kentucky Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0214Kentucky Farmers Bank Corporation2500 Broadway, Catlettsburg, KY 41129January 01, 1931Full Service Brick and Mortar
    1181425Suburban BranchU.S. Highway 60, Boyd County, KY 41101November 03, 1969Full Service Brick and Mortar
    3442402Ashland Office Branch835 Carter Avenue, Ashland, KY 41101September 20, 2004Full Service Brick and Mortar

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