The Farmers Bank in Hardinsburg, Kentucky (KY)



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The Farmers Bank
GeneralFDIC Certificate #: 14102
Status: Active
Federal Reserve ID: 525446
Bank Holding Company (Regulatory Top Holder): Farmers Bancshares, Inc. (RSSDID: 1095638, Location: Hardinsburg, KY)
Date Established: January 01, 1902
WWW: http://www.thefarmersbank-ky.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 3 (Domestic: 3, Interstate: No)
OTS Docket #: 8982
FDIC's unique #: 8813
Numeric code: 13
Regulator: FED
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: March 23, 1934
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 1119 Old Highway 60 East, Hardinsburg, KY 40143
County: Breckinridge
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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $96.3 mil
Equity capital: $19.1 mil
Deposits held in domestic offices: $76.0 mil
Return on assets (ROA): 1.96% ($1.9 mil)
Quarterly return on assets: 1.62% ($1.6 mil)
Return on Equity (ROE): 9.70% ($1.8 mil)
Quarterly return on equity: 8.05% ($1.5 mil)
Net income: $1.9 mil
Quarterly Net income: $0.4 mil
Pretax return on assets: 2.69% ($2,589.3 mil)
Quarterly Pretax return on assets: 2.23% ($2,146.5 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)
Total employees (full-time equivalent)33
Total assets$96,256
Cash and due from depository institutions$4,240
Interest-bearing balances$531
Securities$18,240
Federal funds sold & reverse repurchase agreements$6,882
Net loans & leases$61,261
Loan loss allowance $741
Trading account assets$0
Bank premises and fixed assets$856
Other real estate owned$814
Goodwill and other intangibles$0
All other assets$3,963
Life insurance assets$96,256
Total liabilities and capital$77,183
Total liabilities$76,008
Total deposits$55,461
Interest-bearing deposits$76,008
Deposits held in domestic offices$91
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $1,175
All other liabilities $19,073
Total equity capital$19,073
Total bank equity capital$19,073
Perpetual preferred stock$0
Common stock$200
Surplus$6,150
Undivided profits $12,723
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,308
Earning assets $0
Long-term assets (5+ years) $746
Average Assets, year-to-date $86,914
Average Assets, quarterly $39,469
Volatile liabilities $95,290
Insider loans $94,102
FHLB advances $71,453
Loans and leases held for sale $93,958
Unused loan commitments $2,013
Tier 1 (core) risk-based capital $2,013
Tier 2 risk-based capital $19,073
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $3,900
Derivatives$25
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $5,017
Total interest expense $614
Net interest income $4,403
Provision for loan and lease losses $93
Total noninterest income $810
Fiduciary activities $0
Service charges on deposit accounts $578
Trading account gains & fees $0
Additional noninterest income $232
Total noninterest expense $2,560
Salaries and employee benefits $1,442
Premises and equipment expense $300
Additional noninterest expense $818
Pre-tax net operating income $2,560
Securities gains (losses) $2
Applicable income taxes $698
Income before extraordinary items $1,864
Extraordinary gains - net $0
Net income attributable to bank $1,864
Net charge-offs $0
Cash dividends $1,864
Sale, conversion, retirement of capital stock, net $93
Net operating income $2,600
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.75%
Cost of funding earning assets 0.70%
Net interest margin 5.04%
Noninterest income to earning assets 0.93%
Noninterest expense to earning assets 2.93%
Net operating income to assets 1.95%
Return on assets (ROA) 1.96%
Pretax return on assets 2.69%
Return on equity (ROE) 9.70%
Retained earnings to average equity (YTD only) -3.83%
Net charge-offs to loans 0.15%
Credit loss provision to net charge-offs 100.00%
Efficiency ratio28.53%
Assets per employee$49,108
Cash dividends to net income (YTD only)2.92%
Condition Ratios (%)
Loss allowance to loans 139.48%
Loss allowance to noncurrent loans 1.20%
Noncurrent assets plus other real estate owned to assets 56.65%
Noncurrent loans to loans 2.20%
Net loans and leases to deposits2.11%
Net loans and leases to core deposits 80.60%
Equity capital to assets 82.54%
Core capital (leverage) ratio 19.81%
Tier 1 risk-based capital ratio 20.30%
Total risk-based capital ratio 26.69%
Memoranda
Average assets$28
Average earning assets$95,290
Average equity $19,214
Average loans $87,292
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3 Kentucky Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
08813The Farmers Bank1119 Old Highway 60 East, Hardinsburg, KY 40143January 01, 1902Full Service Brick and Mortar
2230950Irvington Branch1211 Hwy 60 East, Irvington, KY 40146April 01, 1974Full Service Brick and Mortar
3230951Downtown Branch222 South Main Street, Hardinsburg, KY 40143July 03, 1990Full Service Brick and Mortar
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