FDIC Certificate #: 16545 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Farmers Bank and Trust Company (#12839) Federal Reserve ID: 919241 Date Established: Febuary 19, 1947 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 2 (Interstate: No) OTS Docket #: 9505 FDIC's unique #: 10697 Numeric code: 13 Regulator: FED Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: Febuary 19, 1947 Last Structure Change Effective Date: December 05, 2009 Last Structure Change Process Date: December 09, 2009 Last Data Update: December 09, 2009 Data Source Date: April 05, 2012
Location
Address: Main Street, Russiaville, IN 46979 County: Howard Quarterly Banking Profile Region: Chicago FDIC Geographic Region: Chicago FDIC Supervisory Region: Chicago FDIC Field Office: Indianapolis Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: Central Metropolitan Statistical Area (MSA): Kokomo, IN (#3850) Combined Statistical Area (CSA): Kokomo-Peru, IN (#316) Core Based Statistical Area (CBSA): Kokomo, IN (#29020) CBSA Metro Statistical Area: Kokomo, IN (#29020)
Financial Summary
Total assets: $53.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)
Dollar figures in thousands
24Total employees (full-time equivalent)
$58,682Total assets
$6,315Cash and due from depository institutions
$5,515Interest-bearing balances
$21,351Securities
$0Federal funds sold & reverse repurchase agreements
$27,632Net loans & leases
$558Loan loss allowance
$0Trading account assets
$864Bank premises and fixed assets
$220Other real estate owned
$0Goodwill and other intangibles
$1,283Life insurance assets
$2,300All other assets
$58,682Total liabilities and capital
$54,135Total liabilities
$51,546Total deposits
$42,880Interest-bearing deposits
$51,546Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,000Other borrowed funds
$0Subordinated debt
$589All other liabilities
$4,547Total equity capital
$4,547Total bank equity capital
$4,547Perpetual preferred stock
$0Common stock
$500Surplus
$1,300Undivided profits
Memoranda
$2,747Noncurrent loans and leases
$2,609Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$739Earning assets
$0Long-term assets (5+ years)
$210Average Assets, year-to-date
$54,498Average Assets, quarterly
$37,145Volatile liabilities
$57,187Insider loans
$57,501FHLB advances
$4,174Loans and leases held for sale
$1,065Unused loan commitments
$2,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,609Total unused commitments
$0Restructured Loans and leases
$387Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$2,991Total interest income
$881Total interest expense
$2,110Net interest income
$560Provision for loan and lease losses
$389Total noninterest income
$0Fiduciary activities
$167Service charges on deposit accounts
$0Trading account gains & fees
$222Additional noninterest income
$2,258Total noninterest expense
$1,249Salaries and employee benefits
$364Premises and equipment expense
$645Additional noninterest expense
-$319Pre-tax net operating income
$38Securities gains (losses)
-$35Applicable income taxes
-$246Income before extraordinary items
$0Extraordinary gains - net
-$246Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$407Sale, conversion, retirement of capital stock, net
$72Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.71%Yield on earning assets
1.68%Cost of funding earning assets
4.03%Net interest margin
0.74%Noninterest income to earning assets
4.31%Noninterest expense to earning assets
-0.49%Net operating income to assets
-0.43%Return on assets (ROA)
-0.49%Pretax return on assets
-5.32%Return on equity (ROE)
-6.88%Retained earnings to average equity (YTD only)
1.47%Net charge-offs to loans
137.59%Credit loss provision to net charge-offs
0.59%Efficiency ratio
90,356Assets per employee
2.45%Cash dividends to net income (YTD only)
Condition Ratios (%)
-29.27%Loss allowance to loans
1.98%Loss allowance to noncurrent loans
75.51%Noncurrent assets plus other real estate owned to assets
1.63%Noncurrent loans to loans
2.62%Net loans and leases to deposits
53.61%Net loans and leases to core deposits
58.33%Equity capital to assets
7.75%Core capital (leverage) ratio
7.78%Tier 1 risk-based capital ratio
14.48%Total risk-based capital ratio
Memoranda
$16Average assets
$57,187Average earning assets
$4,622Average equity
$52,419Average loans
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