The Farmers Bank in Portland, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches


The Farmers Bank - Overview

  • General
  • FDIC Certificate #: 1696
    Status: Active
    Federal Reserve ID: 901938
    Bank Holding Company (Regulatory Top Holder): First Farmers Bancshares, Inc. (RSSDID: 1086122, Location: Portland, TN)
    Date Established: July 12, 1912
    WWW: http://www.thefarmersbank.net
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 10 (Domestic: 10, Interstate: No)
    OTS Docket #: 10900
    FDIC's unique #: 1118
    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: January 01, 1934
    Last Structure Change Effective Date: September 29, 2006
    Last Structure Change Process Date: September 05, 2007
    Last Data Update: September 05, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 120 Village Drive, Portland, TN 37148
    County: Sumner
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Nashville
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Nashville, TN (#5360)
    Combined Statistical Area (CSA): Nashville-Davidson-Murfreesboro-Columbia, TN (#400)
    Core Based Statistical Area (CBSA): Nashville-Davidson-Murfreesboro-Franklin, TN (#34980)
    CBSA Metro Statistical Area: Nashville-Davidson-Murfreesboro-Franklin, TN (#34980)
  • History of Changes
  • Office Purchased
  • Financial Summary
  • Total assets: $520.2 mil
    Equity capital: $53.6 mil
    Deposits held in domestic offices: $433.0 mil
    Return on assets (ROA): 0.49% ($2.5 mil)
    Quarterly return on assets: 0.15% ($0.8 mil)
    Return on Equity (ROE): 4.93% ($2.7 mil)
    Quarterly return on equity: 1.41% ($0.8 mil)
    Net income: $2.6 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.60% ($3,121.4 mil)
    Quarterly Pretax return on assets: 0.04% ($208.1 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
  • 142Total employees (full-time equivalent)
  • $520,229Total assets
  • $15,959Cash and due from depository institutions
  • $10,459Interest-bearing balances
  • $130,148Securities
  • $24,995Federal funds sold & reverse repurchase agreements
  • $322,322Net loans & leases
  • $6,750Loan loss allowance
  • $0Trading account assets
  • $7,856Bank premises and fixed assets
  • $6,069Other real estate owned
  • $2,593Goodwill and other intangibles
  • $520,229Life insurance assets
  • $10,287All other assets
  • $466,638Total liabilities and capital
  • $433,005Total liabilities
  • $370,225Total deposits
  • $433,005Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 3031.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $26,000Trading liabilities
  • $0Other borrowed funds
  • $4,602Subordinated debt
  • $53,591All other liabilities
  • $53,591Total equity capital
  • $53,591Total bank equity capital
  • $0Perpetual preferred stock
  • $750Common stock
  • $770Surplus
  • $52,071Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $636Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $23,584Income earned, not collected on loans
  • $0Earning assets
  • $3,194Long-term assets (5+ years)
  • $487,924Average Assets, year-to-date
  • $131,725Average Assets, quarterly
  • $536,383Volatile liabilities
  • $522,640Insider loans
  • $347,352FHLB advances
  • $510,369Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $49,797Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $35,811Restructured Loans and leases
  • $5,083Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $26,883Total interest income
  • $5,584Total interest expense
  • $21,299Net interest income
  • $6,693Provision for loan and lease losses
  • $3,783Total noninterest income
  • $0Fiduciary activities
  • $2,799Service charges on deposit accounts
  • $0Trading account gains & fees
  • $984Additional noninterest income
  • $15,651Total noninterest expense
  • $8,861Salaries and employee benefits
  • $1,824Premises and equipment expense
  • $4,966Additional noninterest expense
  • $2,738Pre-tax net operating income
  • $458Securities gains (losses)
  • $583Applicable income taxes
  • $2,613Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,613Net income attributable to bank
  • $0Net charge-offs
  • $2,613Cash dividends
  • $4,865Sale, conversion, retirement of capital stock, net
  • $1,752Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.33%Yield on earning assets
  • 1.11%Cost of funding earning assets
  • 4.22%Net interest margin
  • 0.75%Noninterest income to earning assets
  • 3.10%Noninterest expense to earning assets
  • 0.42%Net operating income to assets
  • 0.49%Return on assets (ROA)
  • 0.60%Pretax return on assets
  • 4.93%Return on equity (ROE)
  • 1.63%Retained earnings to average equity (YTD only)
  • 1.42%Net charge-offs to loans
  • 137.57%Credit loss provision to net charge-offs
  • 1.94%Efficiency ratio
  • 62,168Assets per employee
  • 3.66%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 67.05%Loss allowance to loans
  • 2.05%Loss allowance to noncurrent loans
  • 28.62%Noncurrent assets plus other real estate owned to assets
  • 5.70%Noncurrent loans to loans
  • 7.17%Net loans and leases to deposits
  • 74.44%Net loans and leases to core deposits
  • 79.58%Equity capital to assets
  • 10.30%Core capital (leverage) ratio
  • 9.76%Tier 1 risk-based capital ratio
  • 14.34%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $536,383Average earning assets
  • $52,968Average equity
  • $504,192Average loans

List of branches

  • 10 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01118The Farmers Bank120 Village Drive, Portland, TN 37148July 12, 1912Full Service Brick and Mortar
    1190001White House Branch2790 Highway 31-W, White House, TN 37188December 13, 1950Limited Service Facility
    3190003White House Branch515 Highway 76, White House, TN 37188November 29, 1982Full Service Brick and Mortar
    415266Springfield Branch1203 Memorial Boulevard, Springfield, TN 37172May 12, 1975Full Service Brick and Mortar
    6190004Ridgetop Branch1765 Hwy 41 South, Ridgetop, TN 37152December 30, 1988Full Service Brick and Mortar
    7208713Portland North Broadway Branch107 North Broadway, Portland, TN 37148June 22, 1964Full Service Brick and Mortar
    8427743Millersville Branch1250 Louisville Highway, Goodlettsville, TN 37072April 19, 2004Full Service Brick and Mortar
    9438926Cross Plains Office7836 Highway 25, Cross Plains, TN 37049March 14, 2005Full Service Brick and Mortar
    10208717Westmoreland Branch5804 Austin Peay Highway, Westmoreland, TN 37186August 05, 1977Full Service Brick and Mortar
    11497948Tom Austin Highway - Springfield Off3490 Tom Austin Highway, Springfield, TN 37172August 24, 2009Full Service Brick and Mortar

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