Farmers Bank in Owingsville, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 1998

Farmers Bank in Owingsville, Kentucky (KY)
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Farmers Bank - Overview

General
FDIC Certificate #: 17704
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: The Progressive Bank, National Association (#2751)
Federal Reserve ID: 370516
Date Established: May 20, 1893
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
OTS Docket #: 13360
FDIC's unique #: 11664
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: December 20, 1956
Last Structure Change Effective Date: January 01, 1998
Last Structure Change Process Date: January 15, 1998
Last Data Update: January 15, 1998
Data Source Date: April 05, 2012
Location
Address: Main Street, Owingsville, KY 40360
County: Bath
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Dallas
FDIC Field Office: Lexington
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Southeast
Combined Statistical Area (CSA): Lexington-Fayette-Frankfort-Richmond, KY (#336)
Core Based Statistical Area (CBSA): Mount Sterling, KY (#34460)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $42.8 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

Dollar figures in thousands
10Total employees (full-time equivalent)
$42,816Total assets
$731Cash and due from depository institutions
$0Interest-bearing balances
$7,389Securities
$239Federal funds sold & reverse repurchase agreements
$33,566Net loans & leases
$371Loan loss allowance
$0Trading account assets
$536Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$355All other assets
$42,816Total liabilities and capital
$39,860Total liabilities
$39,393Total deposits
$32,009Interest-bearing deposits
$39,393Deposits held in domestic offices
0.00%% insured (estimated)
$179Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$288All other liabilities
$2,956Total equity capital
$2,956Total bank equity capital
$2,956Perpetual preferred stock
$0Common stock
$75Surplus
$925Undivided profits
Memoranda
$1,956Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$69Earning assets
$0Long-term assets (5+ years)
$278Average Assets, year-to-date
$41,194Average Assets, quarterly
$2,878Volatile liabilities
$40,292Insider loans
$41,254FHLB advances
$3,807Loans and leases held for sale
$889Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,222Total unused commitments
$0Restructured Loans and leases
$29,447Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$3,371Total interest income
$1,665Total interest expense
$1,706Net interest income
$120Provision for loan and lease losses
$169Total noninterest income
$0Fiduciary activities
$97Service charges on deposit accounts
$0Trading account gains & fees
$72Additional noninterest income
$904Total noninterest expense
$410Salaries and employee benefits
$72Premises and equipment expense
$422Additional noninterest expense
$851Pre-tax net operating income
$5Securities gains (losses)
$42Applicable income taxes
$814Income before extraordinary items
$0Extraordinary gains - net
$814Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$14Sale, conversion, retirement of capital stock, net
$724Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.78%Yield on earning assets
4.34%Cost of funding earning assets
4.44%Net interest margin
0.44%Noninterest income to earning assets
2.35%Noninterest expense to earning assets
2.01%Net operating income to assets
2.02%Return on assets (ROA)
2.12%Pretax return on assets
27.94%Return on equity (ROE)
3.09%Retained earnings to average equity (YTD only)
-0.04%Net charge-offs to loans
-857.14%Credit loss provision to net charge-offs
0.00%Efficiency ratio
48,213Assets per employee
4.28%Cash dividends to net income (YTD only)
Condition Ratios (%)
88.94%Loss allowance to loans
1.09%Loss allowance to noncurrent loans
537.68%Noncurrent assets plus other real estate owned to assets
0.16%Noncurrent loans to loans
0.20%Net loans and leases to deposits
85.21%Net loans and leases to core deposits
93.85%Equity capital to assets
6.90%Core capital (leverage) ratio
7.29%Tier 1 risk-based capital ratio
9.94%Total risk-based capital ratio
Memoranda
$11Average assets
$40,292Average earning assets
$2,913Average equity
$38,389Average loans

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