FDIC Certificate #: 8770 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Farmers Bank and Trust Company (#2762) Federal Reserve ID: 528746 Date Established: January 01, 1884 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 11344 FDIC's unique #: 5583 Numeric code: 21 Regulator: FDIC 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: January 01, 1934 Last Structure Change Effective Date: August 09, 2008 Last Structure Change Process Date: August 11, 2008 Last Data Update: August 11, 2008 Data Source Date: April 05, 2012
Location
Address: Main Street, New Liberty, KY 40355 County: Owen 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
Financial Summary
Total assets: $17.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)
Dollar figures in thousands
6Total employees (full-time equivalent)
$16,699Total assets
$503Cash and due from depository institutions
$105Interest-bearing balances
$0Securities
$125Federal funds sold & reverse repurchase agreements
$14,740Net loans & leases
$178Loan loss allowance
$0Trading account assets
$223Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$439Life insurance assets
$1,108All other assets
$16,699Total liabilities and capital
$15,327Total liabilities
$14,395Total deposits
$11,766Interest-bearing deposits
$14,395Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$700Other borrowed funds
$0Subordinated debt
$232All other liabilities
$1,372Total equity capital
$1,372Total bank equity capital
$1,372Perpetual preferred stock
$0Common stock
$25Surplus
$892Undivided profits
Memoranda
$455Noncurrent loans and leases
$1,282Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$280Average Assets, year-to-date
$14,970Average Assets, quarterly
$534Volatile liabilities
$16,840Insider loans
$17,187FHLB advances
$4,020Loans and leases held for sale
$0Unused loan commitments
$700Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,282Total unused commitments
$0Restructured Loans and leases
$151Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$1,262Total interest income
$444Total interest expense
$818Net interest income
$5Provision for loan and lease losses
$95Total noninterest income
$0Fiduciary activities
$66Service charges on deposit accounts
$0Trading account gains & fees
$29Additional noninterest income
$584Total noninterest expense
$348Salaries and employee benefits
$89Premises and equipment expense
$147Additional noninterest expense
$324Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$324Income before extraordinary items
$0Extraordinary gains - net
$324Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$273Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.36%Yield on earning assets
2.94%Cost of funding earning assets
5.42%Net interest margin
0.63%Noninterest income to earning assets
3.87%Noninterest expense to earning assets
1.92%Net operating income to assets
1.92%Return on assets (ROA)
1.92%Pretax return on assets
24.07%Return on equity (ROE)
3.79%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
63,965Assets per employee
2.78%Cash dividends to net income (YTD only)
Condition Ratios (%)
84.26%Loss allowance to loans
1.19%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
102.40%Net loans and leases to core deposits
133.09%Equity capital to assets
8.22%Core capital (leverage) ratio
7.88%Tier 1 risk-based capital ratio
11.40%Total risk-based capital ratio
Memoranda
$13Average assets
$16,840Average earning assets
$1,346Average equity
$15,088Average loans
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