First Farmers National Bank in Converse, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 1995

First Farmers National Bank in Converse, Indiana (IN)
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First Farmers National Bank - Overview

General
FDIC Certificate #: 4327
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Farmers Bank and Trust Company (#12839)
Federal Reserve ID: 139843
Date Established: July 01, 1885
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 4 (Interstate: No)
OTS Docket #: 8988
FDIC's unique #: 2840
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, 1995
Last Structure Change Process Date: Febuary 24, 1995
Last Data Update: April 11, 1998
Data Source Date: April 05, 2012
Location
Address: 123 North Jefferson Street, Converse, IN 46919
County: Miami
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
Combined Statistical Area (CSA): Kokomo-Peru, IN (#316)
Core Based Statistical Area (CBSA): Peru, IN (#37940)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $72.6 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$35Total assets
$72,558Cash and due from depository institutions
$2,534Interest-bearing balances
$500Securities
$18,562Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$48,475Loan loss allowance
$577Trading account assets
$0Bank premises and fixed assets
$1,576Other real estate owned
$170Goodwill and other intangibles
$1,241Life insurance assets
$0All other assets
$0Total liabilities and capital
$72,558Total liabilities
$66,129Total deposits
$59,711Interest-bearing deposits
$53,757Deposits held in domestic offices
59711.00%% insured (estimated)
$93Federal funds purchased & repurchase agreements
$1,428Trading liabilities
$0Other borrowed funds
$4,200Subordinated debt
$0All other liabilities
$790Total equity capital
$790Total bank equity capital
$6,429Perpetual preferred stock
$0Common stock
$1,244Surplus
$1,458Undivided profits
Memoranda
$3,727Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$585Earning assets
$67,537Long-term assets (5+ years)
$14,598Average Assets, year-to-date
$72,325Average Assets, quarterly
$73,506Volatile liabilities
$7,814Insider loans
$1,608FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$5,271Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$6,692Total risk weighted assets
$49,572Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$5,292Total interest expense
$2,183Net interest income
$3,109Provision for loan and lease losses
$30Total noninterest income
$472Fiduciary activities
$0Service charges on deposit accounts
$152Trading account gains & fees
$0Additional noninterest income
$320Total noninterest expense
$2,144Salaries and employee benefits
$1,059Premises and equipment expense
$375Additional noninterest expense
$710Pre-tax net operating income
$1,407Securities gains (losses)
-$99Applicable income taxes
$392Income before extraordinary items
$916Extraordinary gains - net
$0Net income attributable to bank
$916Net charge-offs
-$9Cash dividends
$450Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.85%Cost of funding earning assets
3.24%Net interest margin
4.61%Noninterest income to earning assets
0.70%Noninterest expense to earning assets
3.18%Net operating income to assets
1.36%Return on assets (ROA)
1.27%Pretax return on assets
1.81%Return on equity (ROE)
14.25%Retained earnings to average equity (YTD only)
7.25%Net charge-offs to loans
-0.02%Credit loss provision to net charge-offs
-333.33%Efficiency ratio
59,872Assets per employee
2.07%Cash dividends to net income (YTD only)
Condition Ratios (%)
49.13%Loss allowance to loans
1.18%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.23%Noncurrent loans to loans
0.00%Net loans and leases to deposits
81.18%Net loans and leases to core deposits
84.27%Equity capital to assets
8.86%Core capital (leverage) ratio
9.01%Tier 1 risk-based capital ratio
13.50%Total risk-based capital ratio
Memoranda
$15Average assets
$72,325Average earning assets
$6,429Average equity
$67,382Average loans

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