First & Farmers Bank, Inc. in city_name, state_name - Detailed Financial Reports, Location

First & Farmers Bank, Inc. in Albany, Kentucky (KY)
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First & Farmers Bank, Inc. - Overview

General
FDIC Certificate #: 8796
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First & Farmers National Bank, Inc. (#2738)
Federal Reserve ID: 767947
Date Established: June 01, 1898
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 7 (Interstate: No)
FDIC's unique #: 5600
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: Febuary 16, 2008
Last Structure Change Process Date: Febuary 20, 2008
Last Data Update: Febuary 20, 2008
Data Source Date: April 05, 2012
Location
Address: 200 South Washington Street, Albany, KY 42602
County: Clinton
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: $255.5 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
97Total employees (full-time equivalent)
$255,485Total assets
$10,016Cash and due from depository institutions
$0Interest-bearing balances
$52,807Securities
$6,079Federal funds sold & reverse repurchase agreements
$166,828Net loans & leases
$2,411Loan loss allowance
$0Trading account assets
$4,317Bank premises and fixed assets
$0Other real estate owned
$12,807Goodwill and other intangibles
$0Life insurance assets
$2,631All other assets
$255,485Total liabilities and capital
$223,492Total liabilities
$218,088Total deposits
$180,207Interest-bearing deposits
$218,088Deposits held in domestic offices
0.00%% insured (estimated)
$3,300Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$2,104All other liabilities
$31,993Total equity capital
$31,993Total bank equity capital
$31,993Perpetual preferred stock
$0Common stock
$1,000Surplus
$28,898Undivided profits
Memoranda
$2,095Noncurrent loans and leases
$22,064Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,795Earning assets
$1,066Long-term assets (5+ years)
$1,694Average Assets, year-to-date
$225,714Average Assets, quarterly
$77,587Volatile liabilities
$250,634Insider loans
$253,643FHLB advances
$52,100Loans and leases held for sale
$3,384Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$22,064Total unused commitments
$558Restructured Loans and leases
$2,251Derivatives

Income and Expense (December 31, 2007)

Dollar figures in thousands
$15,058Total interest income
$6,304Total interest expense
$8,754Net interest income
$420Provision for loan and lease losses
$1,548Total noninterest income
$0Fiduciary activities
$1,113Service charges on deposit accounts
$0Trading account gains & fees
$435Additional noninterest income
$7,543Total noninterest expense
$4,417Salaries and employee benefits
$711Premises and equipment expense
$2,415Additional noninterest expense
$2,339Pre-tax net operating income
$0Securities gains (losses)
$578Applicable income taxes
$1,761Income before extraordinary items
$0Extraordinary gains - net
$1,761Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$221Sale, conversion, retirement of capital stock, net
$1,250Net operating income

Performance and Condition Ratios (December 31, 2007)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.79%Yield on earning assets
2.84%Cost of funding earning assets
3.95%Net interest margin
0.70%Noninterest income to earning assets
3.40%Noninterest expense to earning assets
0.70%Net operating income to assets
0.70%Return on assets (ROA)
0.93%Pretax return on assets
5.60%Return on equity (ROE)
1.62%Retained earnings to average equity (YTD only)
0.13%Net charge-offs to loans
190.05%Credit loss provision to net charge-offs
12.48%Efficiency ratio
71,103Assets per employee
2.63%Cash dividends to net income (YTD only)
Condition Ratios (%)
70.98%Loss allowance to loans
1.42%Loss allowance to noncurrent loans
86.26%Noncurrent assets plus other real estate owned to assets
1.09%Noncurrent loans to loans
1.65%Net loans and leases to deposits
76.50%Net loans and leases to core deposits
98.55%Equity capital to assets
12.52%Core capital (leverage) ratio
8.02%Tier 1 risk-based capital ratio
10.78%Total risk-based capital ratio
Memoranda
$12Average assets
$250,634Average earning assets
$31,474Average equity
$221,868Average loans

First & Farmers Bank, Inc. in Albany, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

First & Farmers Bank, Inc. - Overview

Assets and Liabilities (December 31, 2007)

Income and Expense (December 31, 2007)

Performance and Condition Ratios (December 31, 2007)

Comment about this bank, ask questions, or add new information about it:

First & Farmers Bank, Inc. in Albany, Kentucky (KY)Overview, Financial Summary, Detailed Financial Reports, Branches

First & Farmers Bank, Inc. - Overview

Assets and Liabilities (December 31, 2007)

Income and Expense (December 31, 2007)

Performance and Condition Ratios (December 31, 2007)

Comment about this bank, ask questions, or add new information about it:

First & Farmers Bank, Inc. in Albany, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches