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

The Farmers Bank of Milton - Overview

  • 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
    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)

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)
  • $198,029Total assets
  • $3,426Cash and due from depository institutions
  • $65Interest-bearing balances
  • $85,974Securities
  • $3,793Federal funds sold & reverse repurchase agreements
  • $99,190Net loans & leases
  • $1,303Loan loss allowance
  • $0Trading account assets
  • $2,705Bank premises and fixed assets
  • $140Other real estate owned
  • $0Goodwill and other intangibles
  • $198,029Life insurance assets
  • $2,801All other assets
  • $170,310Total liabilities and capital
  • $164,771Total liabilities
  • $147,393Total deposits
  • $164,771Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,000Trading liabilities
  • $0Other borrowed funds
  • $1,539Subordinated debt
  • $27,719All other liabilities
  • $27,719Total equity capital
  • $27,719Total bank equity capital
  • $0Perpetual preferred stock
  • $180Common stock
  • $772Surplus
  • $26,767Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,936Income earned, not collected on loans
  • $0Earning assets
  • $1,449Long-term assets (5+ years)
  • $189,022Average Assets, year-to-date
  • $106,272Average Assets, quarterly
  • $185,431Volatile liabilities
  • $195,806Insider loans
  • $112,754FHLB advances
  • $192,811Loans and leases held for sale
  • $10Unused loan commitments
  • $10Tier 1 (core) risk-based capital
  • $25,682Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,322Restructured Loans and leases
  • $1,604Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,499Total interest income
  • $2,662Total interest expense
  • $5,837Net interest income
  • $797Provision for loan and lease losses
  • $485Total noninterest income
  • $0Fiduciary activities
  • $380Service charges on deposit accounts
  • $0Trading account gains & fees
  • $105Additional noninterest income
  • $3,368Total noninterest expense
  • $1,732Salaries and employee benefits
  • $340Premises and equipment expense
  • $1,296Additional noninterest expense
  • $2,157Pre-tax net operating income
  • $133Securities gains (losses)
  • $358Applicable income taxes
  • $1,932Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,932Net income attributable to bank
  • $0Net charge-offs
  • $1,932Cash dividends
  • $483Sale, conversion, retirement of capital stock, net
  • $465Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.81%Yield on earning assets
  • 1.51%Cost of funding earning assets
  • 3.31%Net interest margin
  • 0.27%Noninterest income to earning assets
  • 1.91%Noninterest expense to earning assets
  • 0.98%Net operating income to assets
  • 1.04%Return on assets (ROA)
  • 1.23%Pretax return on assets
  • 7.35%Return on equity (ROE)
  • 5.58%Retained earnings to average equity (YTD only)
  • 0.48%Net charge-offs to loans
  • 165.01%Credit loss provision to net charge-offs
  • 6.12%Efficiency ratio
  • 53,274Assets per employee
  • 6.00%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 24.07%Loss allowance to loans
  • 1.30%Loss allowance to noncurrent loans
  • 44.38%Noncurrent assets plus other real estate owned to assets
  • 1.55%Noncurrent loans to loans
  • 2.92%Net loans and leases to deposits
  • 60.20%Net loans and leases to core deposits
  • 68.67%Equity capital to assets
  • 14.00%Core capital (leverage) ratio
  • 13.32%Tier 1 risk-based capital ratio
  • 22.78%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $185,431Average earning assets
  • $26,303Average equity
  • $176,549Average loans

List of branches

  • 3 Kentucky Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07724The Farmers Bank Of Milton41 Ferry Street, Milton, KY 40045January 01, 1902Full Service Brick and Mortar
    1360659Carrollton Branch1935 Highway 227, Carrollton, KY 41008May 08, 2001Full Service Brick and Mortar
    3481882Lagrange Branch2007 South Highway 53, La Grange, KY 40031October 20, 2008Full Service Brick and Mortar

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