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

This bank is inactive as of January 01, 1997

Farmers National Bank in Williamsburg, Kentucky (KY)
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Farmers National Bank - Overview

General
FDIC Certificate #: 2728
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Community Trust Bank, Inc. (#2720)
Federal Reserve ID: 363611
Date Established: January 01, 1904
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 3 (Interstate: No)
OTS Docket #: 8961
FDIC's unique #: 1769
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: January 01, 1997
Last Structure Change Process Date: January 13, 1997
Last Data Update: January 13, 1997
Data Source Date: April 05, 2012
Location
Address: 201 North Third Street, Williamsburg, KY 40769
County: Whitley
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Chicago
FDIC Field Office: Knoxville
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Southeast
Combined Statistical Area (CSA): Corbin-London, KY (#202)
Core Based Statistical Area (CBSA): Corbin, KY (#18340)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $121.7 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$39Total assets
$121,709Cash and due from depository institutions
$2,789Interest-bearing balances
$229Securities
$33,174Federal funds sold & reverse repurchase agreements
$3,235Net loans & leases
$77,325Loan loss allowance
$1,215Trading account assets
$0Bank premises and fixed assets
$2,465Other real estate owned
$817Goodwill and other intangibles
$1,904Life insurance assets
$0All other assets
$0Total liabilities and capital
$121,709Total liabilities
$112,709Total deposits
$97,676Interest-bearing deposits
$86,831Deposits held in domestic offices
97676.00%% insured (estimated)
$94Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$13,808Subordinated debt
$0All other liabilities
$1,225Total equity capital
$1,225Total bank equity capital
$9,000Perpetual preferred stock
$0Common stock
$421Surplus
$4,080Undivided profits
Memoranda
$4,499Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$600Income earned, not collected on loans
$570Earning assets
$113,963Long-term assets (5+ years)
$44,333Average Assets, year-to-date
$124,832Average Assets, quarterly
$120,831Volatile liabilities
$13,599Insider loans
$1,031FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$9,038Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$9,017Total risk weighted assets
$78,922Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$9,796Total interest expense
$4,955Net interest income
$4,841Provision for loan and lease losses
$422Total noninterest income
$455Fiduciary activities
$0Service charges on deposit accounts
$264Trading account gains & fees
$0Additional noninterest income
$191Total noninterest expense
$2,769Salaries and employee benefits
$1,220Premises and equipment expense
$313Additional noninterest expense
$1,236Pre-tax net operating income
$2,105Securities gains (losses)
$3Applicable income taxes
$673Income before extraordinary items
$1,435Extraordinary gains - net
$0Net income attributable to bank
$1,435Net charge-offs
$301Cash dividends
$1,685Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.44%Cost of funding earning assets
4.27%Net interest margin
4.17%Noninterest income to earning assets
0.39%Noninterest expense to earning assets
2.38%Net operating income to assets
1.15%Return on assets (ROA)
1.15%Pretax return on assets
1.69%Return on equity (ROE)
15.50%Retained earnings to average equity (YTD only)
-2.70%Net charge-offs to loans
0.41%Credit loss provision to net charge-offs
140.20%Efficiency ratio
52,285Assets per employee
3.12%Cash dividends to net income (YTD only)
Condition Ratios (%)
117.42%Loss allowance to loans
1.55%Loss allowance to noncurrent loans
202.50%Noncurrent assets plus other real estate owned to assets
1.16%Noncurrent loans to loans
0.76%Net loans and leases to deposits
79.16%Net loans and leases to core deposits
91.97%Equity capital to assets
7.39%Core capital (leverage) ratio
7.39%Tier 1 risk-based capital ratio
11.43%Total risk-based capital ratio
Memoranda
$13Average assets
$124,832Average earning assets
$9,259Average equity
$116,103Average loans

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