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

The Farmers Bank - Overview

  • General
  • FDIC Certificate #: 14894
    Status: Active
    Federal Reserve ID: 485214
    Bank Holding Company (Regulatory Top Holder): Farmers Bancorp Of Nicholasville, Inc. (RSSDID: 1071771, Location: Nicholasville, KY)
    Date Established: January 01, 1934
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 13393
    FDIC's unique #: 9326
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: November 30, 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: 200 North Main Street, Nicholasville, KY 40356
    County: Jessamine
    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): Lexington, KY (#4280)
    Combined Statistical Area (CSA): Lexington-Fayette-Frankfort-Richmond, KY (#336)
    Core Based Statistical Area (CBSA): Lexington-Fayette, KY (#30460)
    CBSA Metro Statistical Area: Lexington-Fayette, KY (#30460)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $101.0 mil
    Equity capital: $11.1 mil
    Deposits held in domestic offices: $87.2 mil
    Return on assets (ROA): 0.30% ($0.3 mil)
    Quarterly return on assets: 0.55% ($0.6 mil)
    Return on Equity (ROE): 2.66% ($0.3 mil)
    Quarterly return on equity: 4.94% ($0.5 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.33% ($333.3 mil)
    Quarterly Pretax return on assets: 0.72% ($727.3 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
  • 37Total employees (full-time equivalent)
  • $101,014Total assets
  • $1,995Cash and due from depository institutions
  • $74Interest-bearing balances
  • $27,157Securities
  • $3,810Federal funds sold & reverse repurchase agreements
  • $62,477Net loans & leases
  • $1,174Loan loss allowance
  • $0Trading account assets
  • $3,309Bank premises and fixed assets
  • $920Other real estate owned
  • $0Goodwill and other intangibles
  • $101,014Life insurance assets
  • $1,346All other assets
  • $89,887Total liabilities and capital
  • $87,195Total liabilities
  • $66,704Total deposits
  • $87,195Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,237Trading liabilities
  • $0Other borrowed funds
  • $455Subordinated debt
  • $11,127All other liabilities
  • $11,127Total equity capital
  • $11,127Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $5,015Surplus
  • $5,912Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $384Income earned, not collected on loans
  • $0Earning assets
  • $435Long-term assets (5+ years)
  • $93,518Average Assets, year-to-date
  • $61,839Average Assets, quarterly
  • $95,173Volatile liabilities
  • $98,760Insider loans
  • $61,562FHLB advances
  • $102,356Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $10,873Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,049Restructured Loans and leases
  • $843Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,391Total interest income
  • $620Total interest expense
  • $3,771Net interest income
  • $180Provision for loan and lease losses
  • $541Total noninterest income
  • $0Fiduciary activities
  • $474Service charges on deposit accounts
  • $0Trading account gains & fees
  • $67Additional noninterest income
  • $3,832Total noninterest expense
  • $1,922Salaries and employee benefits
  • $420Premises and equipment expense
  • $1,490Additional noninterest expense
  • $300Pre-tax net operating income
  • $17Securities gains (losses)
  • $31Applicable income taxes
  • $286Income before extraordinary items
  • $0Extraordinary gains - net
  • $286Net income attributable to bank
  • $0Net charge-offs
  • $286Cash dividends
  • -$28Sale, conversion, retirement of capital stock, net
  • $64Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.06%Yield on earning assets
  • 0.72%Cost of funding earning assets
  • 4.35%Net interest margin
  • 0.62%Noninterest income to earning assets
  • 4.42%Noninterest expense to earning assets
  • 0.28%Net operating income to assets
  • 0.30%Return on assets (ROA)
  • 0.33%Pretax return on assets
  • 2.66%Return on equity (ROE)
  • 2.07%Retained earnings to average equity (YTD only)
  • -0.05%Net charge-offs to loans
  • -642.86%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 88,868Assets per employee
  • 2.73%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 22.38%Loss allowance to loans
  • 1.84%Loss allowance to noncurrent loans
  • 305.73%Noncurrent assets plus other real estate owned to assets
  • 1.29%Noncurrent loans to loans
  • 0.60%Net loans and leases to deposits
  • 71.65%Net loans and leases to core deposits
  • 73.35%Equity capital to assets
  • 11.02%Core capital (leverage) ratio
  • 10.62%Tier 1 risk-based capital ratio
  • 17.66%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $95,173Average earning assets
  • $10,740Average equity
  • $86,712Average loans

List of branches

  • 4 Kentucky Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09326The Farmers Bank200 North Main Street, Nicholasville, KY 40356January 01, 1934Full Service Brick and Mortar
    1232389Wilmore Branch213 East Main Street, Wilmore, KY 40390Febuary 06, 1935Full Service Brick and Mortar
    6458811Brannon Crossing Branch110 East Brannon Road, Nicholasville, KY 40356January 10, 2007Full Service Brick and Mortar
    7480329Bell Place Branch201 Bellaire Drive, Nicholasville, KY 40356August 14, 2008Full Service Brick and Mortar

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