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

The Farmers National Bank of Cynthiana - Overview

  • General
  • FDIC Certificate #: 2689
    Status: Active
    Federal Reserve ID: 854418
    Bank Holding Company (Regulatory Top Holder): Farmers National Bancorp Of Cynthiana, Inc. (RSSDID: 1071511, Location: Cynthiana, KY)
    Date Established: January 01, 1881
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 12366
    FDIC's unique #: 1735
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    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: Main And Pike Streets, Cynthiana, KY 41031
    County: Harrison
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $105.3 mil
    Equity capital: $12.2 mil
    Deposits held in domestic offices: $81.9 mil
    Return on assets (ROA): -3.15% (-$3.3 mil)
    Quarterly return on assets: -7.26% (-$7.6 mil)
    Return on Equity (ROE): -25.18% (-$3.0 mil)
    Quarterly return on equity: -58.84% (-$7.1 mil)
    Net income: -$3.5 mil
    Quarterly Net income: -$1.9 mil
    Pretax return on assets: -3.15% (-$3,316.7 mil)
    Quarterly Pretax return on assets: -7.26% (-$7,644.3 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
  • 27Total employees (full-time equivalent)
  • $105,293Total assets
  • $3,208Cash and due from depository institutions
  • $2,138Interest-bearing balances
  • $52,861Securities
  • $2,065Federal funds sold & reverse repurchase agreements
  • $42,931Net loans & leases
  • $3,421Loan loss allowance
  • $0Trading account assets
  • $1,123Bank premises and fixed assets
  • $825Other real estate owned
  • $0Goodwill and other intangibles
  • $105,293Life insurance assets
  • $2,280All other assets
  • $93,091Total liabilities and capital
  • $81,875Total liabilities
  • $69,303Total deposits
  • $81,875Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 10000.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $128Trading liabilities
  • $0Other borrowed funds
  • $1,088Subordinated debt
  • $12,202All other liabilities
  • $12,202Total equity capital
  • $12,202Total bank equity capital
  • $0Perpetual preferred stock
  • $250Common stock
  • $365Surplus
  • $11,587Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $10,846Income earned, not collected on loans
  • $239Earning assets
  • $699Long-term assets (5+ years)
  • $99,995Average Assets, year-to-date
  • $42,928Average Assets, quarterly
  • $111,903Volatile liabilities
  • $107,268Insider loans
  • $54,105FHLB advances
  • $108,220Loans and leases held for sale
  • $544Unused loan commitments
  • $544Tier 1 (core) risk-based capital
  • $10,361Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $564Restructured Loans and leases
  • $569Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,190Total interest income
  • $1,308Total interest expense
  • $2,882Net interest income
  • $3,355Provision for loan and lease losses
  • $571Total noninterest income
  • $1Fiduciary activities
  • $400Service charges on deposit accounts
  • $0Trading account gains & fees
  • $170Additional noninterest income
  • $3,618Total noninterest expense
  • $1,388Salaries and employee benefits
  • $432Premises and equipment expense
  • $1,798Additional noninterest expense
  • -$3,520Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$3,520Income before extraordinary items
  • $0Extraordinary gains - net
  • -$3,520Net income attributable to bank
  • $0Net charge-offs
  • -$3,520Cash dividends
  • $3,568Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.93%Yield on earning assets
  • 1.23%Cost of funding earning assets
  • 2.71%Net interest margin
  • 0.54%Noninterest income to earning assets
  • 3.40%Noninterest expense to earning assets
  • -3.15%Net operating income to assets
  • -3.15%Return on assets (ROA)
  • -3.15%Pretax return on assets
  • -25.18%Return on equity (ROE)
  • -25.18%Retained earnings to average equity (YTD only)
  • 6.99%Net charge-offs to loans
  • 94.03%Credit loss provision to net charge-offs
  • -0.05%Efficiency ratio
  • 104,778Assets per employee
  • 3.90%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 7.38%Loss allowance to noncurrent loans
  • 31.54%Noncurrent assets plus other real estate owned to assets
  • 11.08%Noncurrent loans to loans
  • 23.40%Net loans and leases to deposits
  • 52.43%Net loans and leases to core deposits
  • 58.41%Equity capital to assets
  • 11.59%Core capital (leverage) ratio
  • 9.57%Tier 1 risk-based capital ratio
  • 19.15%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $111,903Average earning assets
  • $13,979Average equity
  • $106,522Average loans

Total Fiduciary and Related Assets (December 31, 2010)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $4,270Managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $4,270Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 6 Kentucky Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01735The Farmers National Bank Of CynthiaMain And Pike Streets, Cynthiana, KY 41031January 01, 1881Full Service Brick and Mortar
    1193845Installment Loan Department Branch41 East Pike Street, Cynthiana, KY 41031January 01, 1955Limited Service Loan Production
    2193846Drive-In Branch29 South Main Street, Cynthiana, KY 41031April 05, 1961Limited Service Facility
    33998Berry BranchMain Street, Berry, KY 41003July 01, 1919Full Service Brick and Mortar
    4193847Southside BranchU.S. 27 South, Cynthiana, KY 41031December 21, 1981Full Service Brick and Mortar
    6419558Bourbon Farmers Bank BranchRock Dr, Paris, KY 40361June 10, 2003Full Service Brick and Mortar

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