The Farmers Bank of Milton in Milton, Kentucky (KY)
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| The Farmers Bank of Milton | |
|---|---|
| General | FDIC Certificate #: 12163 Status: Active Federal Reserve ID: 265340 Bank Holding Company (Regulatory Top Holder): Farmers Financial Corporation (RSSDID: 3017700, Location: Milton, KY) Date Established: January 01, 1902 WWW: http://www.fbmilton.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Domestic: 3, Interstate: No) OTS Docket #: 12081 FDIC's unique #: 7724 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: All Other Specialization < 1 Billion Date of Deposit Insurance: January 01, 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: 41 Ferry Street, Milton, KY 40045 County: Trimble 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 Combined Statistical Area (CSA): Louisville-Jefferson County-Elizabethtown-Scottsburg, KY-IN (#350) Core Based Statistical Area (CBSA): Louisville-Jefferson County, KY-IN (#31140) CBSA Metro Statistical Area: Louisville-Jefferson County, KY-IN (#31140) |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $198.0 mil Equity capital: $27.7 mil Deposits held in domestic offices: $164.8 mil Return on assets (ROA): 1.04% ($2.1 mil) Quarterly return on assets: 0.37% ($0.7 mil) Return on Equity (ROE): 7.35% ($2.1 mil) Quarterly return on equity: 2.58% ($0.7 mil) Net income: $1.9 mil Quarterly Net income: $0.2 mil Pretax return on assets: 1.23% ($2,435.8 mil) Quarterly Pretax return on assets: 0.18% ($356.5 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 33 |
| Total assets | $198,029 |
| Cash and due from depository institutions | $3,426 |
| Interest-bearing balances | $65 |
| Securities | $85,974 |
| Federal funds sold & reverse repurchase agreements | $3,793 |
| Net loans & leases | $99,190 |
| Loan loss allowance | $1,303 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $2,705 |
| Other real estate owned | $140 |
| Goodwill and other intangibles | $0 |
| All other assets | $2,801 |
| Life insurance assets | $198,029 |
| Total liabilities and capital | $170,310 |
| Total liabilities | $164,771 |
| Total deposits | $147,393 |
| Interest-bearing deposits | $164,771 |
| Deposits held in domestic offices | $83 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $4,000 |
| Other borrowed funds | $0 |
| Subordinated debt | $1,539 |
| All other liabilities | $27,719 |
| Total equity capital | $27,719 |
| Total bank equity capital | $27,719 |
| Perpetual preferred stock | $0 |
| Common stock | $180 |
| Surplus | $772 |
| Undivided profits | $26,767 |
| 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 | $2,936 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $1,449 |
| Average Assets, year-to-date | $189,022 |
| Average Assets, quarterly | $106,272 |
| Volatile liabilities | $185,431 |
| Insider loans | $195,806 |
| FHLB advances | $112,754 |
| Loans and leases held for sale | $192,811 |
| Unused loan commitments | $10 |
| Tier 1 (core) risk-based capital | $10 |
| Tier 2 risk-based capital | $25,682 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $5,322 |
| Derivatives | $1,604 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $8,499 |
| Total interest expense | $2,662 |
| Net interest income | $5,837 |
| Provision for loan and lease losses | $797 |
| Total noninterest income | $485 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $380 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $105 |
| Total noninterest expense | $3,368 |
| Salaries and employee benefits | $1,732 |
| Premises and equipment expense | $340 |
| Additional noninterest expense | $1,296 |
| Pre-tax net operating income | $2,157 |
| Securities gains (losses) | $133 |
| Applicable income taxes | $358 |
| Income before extraordinary items | $1,932 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $1,932 |
| Net charge-offs | $0 |
| Cash dividends | $1,932 |
| Sale, conversion, retirement of capital stock, net | $483 |
| Net operating income | $465 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.81% |
| Cost of funding earning assets | 1.51% |
| Net interest margin | 3.31% |
| Noninterest income to earning assets | 0.27% |
| Noninterest expense to earning assets | 1.91% |
| Net operating income to assets | 0.98% |
| Return on assets (ROA) | 1.04% |
| Pretax return on assets | 1.23% |
| Return on equity (ROE) | 7.35% |
| Retained earnings to average equity (YTD only) | 5.58% |
| Net charge-offs to loans | 0.48% |
| Credit loss provision to net charge-offs | 165.01% |
| Efficiency ratio | 6.12% |
| Assets per employee | $53,274 |
| Cash dividends to net income (YTD only) | 6.00% |
| Condition Ratios (%) | |
| Loss allowance to loans | 24.07% |
| Loss allowance to noncurrent loans | 1.30% |
| Noncurrent assets plus other real estate owned to assets | 44.38% |
| Noncurrent loans to loans | 1.55% |
| Net loans and leases to deposits | 2.92% |
| Net loans and leases to core deposits | 60.20% |
| Equity capital to assets | 68.67% |
| Core capital (leverage) ratio | 14.00% |
| Tier 1 risk-based capital ratio | 13.32% |
| Total risk-based capital ratio | 22.78% |
| Memoranda | |
| Average assets | $24 |
| Average earning assets | $185,431 |
| Average equity | $26,303 |
| Average loans | $176,549 |
| 3 Kentucky Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 7724 | The Farmers Bank Of Milton | 41 Ferry Street, Milton, KY 40045 | January 01, 1902 | Full Service Brick and Mortar |  |
| 1 | 360659 | Carrollton Branch | 1935 Highway 227, Carrollton, KY 41008 | May 08, 2001 | Full Service Brick and Mortar |  |
| 3 | 481882 | Lagrange Branch | 2007 South Highway 53, La Grange, KY 40031 | October 20, 2008 | Full Service Brick and Mortar | |
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