The Farmers Bank in Hardinsburg, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches


The Farmers Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 33Total employees (full-time equivalent)
  • $96,256Total assets
  • $4,240Cash and due from depository institutions
  • $531Interest-bearing balances
  • $18,240Securities
  • $6,882Federal funds sold & reverse repurchase agreements
  • $61,261Net loans & leases
  • $741Loan loss allowance
  • $0Trading account assets
  • $856Bank premises and fixed assets
  • $814Other real estate owned
  • $0Goodwill and other intangibles
  • $96,256Life insurance assets
  • $3,963All other assets
  • $77,183Total liabilities and capital
  • $76,008Total liabilities
  • $55,461Total deposits
  • $76,008Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,175Subordinated debt
  • $19,073All other liabilities
  • $19,073Total equity capital
  • $19,073Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $6,150Surplus
  • $12,723Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,308Income earned, not collected on loans
  • $0Earning assets
  • $746Long-term assets (5+ years)
  • $86,914Average Assets, year-to-date
  • $39,469Average Assets, quarterly
  • $95,290Volatile liabilities
  • $94,102Insider loans
  • $71,453FHLB advances
  • $93,958Loans and leases held for sale
  • $2,013Unused loan commitments
  • $2,013Tier 1 (core) risk-based capital
  • $19,073Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,900Restructured Loans and leases
  • $25Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,017Total interest income
  • $614Total interest expense
  • $4,403Net interest income
  • $93Provision for loan and lease losses
  • $810Total noninterest income
  • $0Fiduciary activities
  • $578Service charges on deposit accounts
  • $0Trading account gains & fees
  • $232Additional noninterest income
  • $2,560Total noninterest expense
  • $1,442Salaries and employee benefits
  • $300Premises and equipment expense
  • $818Additional noninterest expense
  • $2,560Pre-tax net operating income
  • $2Securities gains (losses)
  • $698Applicable income taxes
  • $1,864Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,864Net income attributable to bank
  • $0Net charge-offs
  • $1,864Cash dividends
  • $93Sale, conversion, retirement of capital stock, net
  • $2,600Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.75%Yield on earning assets
  • 0.70%Cost of funding earning assets
  • 5.04%Net interest margin
  • 0.93%Noninterest income to earning assets
  • 2.93%Noninterest expense to earning assets
  • 1.95%Net operating income to assets
  • 1.96%Return on assets (ROA)
  • 2.69%Pretax return on assets
  • 9.70%Return on equity (ROE)
  • -3.83%Retained earnings to average equity (YTD only)
  • 0.15%Net charge-offs to loans
  • 100.00%Credit loss provision to net charge-offs
  • 28.53%Efficiency ratio
  • 49,108Assets per employee
  • 2.92%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 139.48%Loss allowance to loans
  • 1.20%Loss allowance to noncurrent loans
  • 56.65%Noncurrent assets plus other real estate owned to assets
  • 2.20%Noncurrent loans to loans
  • 2.11%Net loans and leases to deposits
  • 80.60%Net loans and leases to core deposits
  • 82.54%Equity capital to assets
  • 19.81%Core capital (leverage) ratio
  • 20.30%Tier 1 risk-based capital ratio
  • 26.69%Total risk-based capital ratio
  • Memoranda
  • $28Average assets
  • $95,290Average earning assets
  • $19,214Average equity
  • $87,292Average loans

List of branches

  • 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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