First and Farmers Bank of Somerset, Inc. in city_name, state_name

First and Farmers Bank of Somerset, Inc. in Somerset, Kentucky (KY)
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First and Farmers Bank of Somerset, Inc. - Overview

General
FDIC Certificate #: 2724
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Union Planters Bank, National Association (#4979)
Federal Reserve ID: 338815
Date Established: January 01, 1890
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 7 (Interstate: No)
OTS Docket #: 11337
FDIC's unique #: 1766
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: January 01, 1934
Last Structure Change Effective Date: June 25, 1999
Last Structure Change Process Date: July 08, 1999
Last Data Update: July 08, 1999
Data Source Date: April 05, 2012
Location
Address: Fountain Square, Somerset, KY 42501
County: Pulaski
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
Core Based Statistical Area (CBSA): Somerset, KY (#43700)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $299.1 mil

1992 - 1999 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, 1998)

Dollar figures in thousands
125Total employees (full-time equivalent)
$269,054Total assets
$8,929Cash and due from depository institutions
$0Interest-bearing balances
$89,731Securities
$9,546Federal funds sold & reverse repurchase agreements
$154,538Net loans & leases
$3,079Loan loss allowance
$0Trading account assets
$1,860Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$4,450All other assets
$269,054Total liabilities and capital
$240,075Total liabilities
$226,547Total deposits
$184,063Interest-bearing deposits
$226,547Deposits held in domestic offices
0.00%% insured (estimated)
$5,783Federal funds purchased & repurchase agreements
$0Trading liabilities
$6,000Other borrowed funds
$0Subordinated debt
$1,745All other liabilities
$28,979Total equity capital
$28,979Total bank equity capital
$28,979Perpetual preferred stock
$0Common stock
$2,990Surplus
$5,000Undivided profits
Memoranda
$20,989Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,356Earning assets
$119Long-term assets (5+ years)
$1,268Average Assets, year-to-date
$253,815Average Assets, quarterly
$55,865Volatile liabilities
$273,174Insider loans
$270,431FHLB advances
$23,466Loans and leases held for sale
$8,928Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$24,818Total unused commitments
$0Restructured Loans and leases
$168,918Derivatives

Income and Expense (December 31, 1998)

Dollar figures in thousands
$21,495Total interest income
$9,140Total interest expense
$12,355Net interest income
$150Provision for loan and lease losses
$2,133Total noninterest income
$151Fiduciary activities
$846Service charges on deposit accounts
$0Trading account gains & fees
$1,136Additional noninterest income
$6,815Total noninterest expense
$3,665Salaries and employee benefits
$1,179Premises and equipment expense
$1,971Additional noninterest expense
$7,523Pre-tax net operating income
$27Securities gains (losses)
$1,972Applicable income taxes
$5,578Income before extraordinary items
$0Extraordinary gains - net
$5,578Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$486Sale, conversion, retirement of capital stock, net
$2,797Net operating income

Performance and Condition Ratios (December 31, 1998)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.31%Yield on earning assets
3.53%Cost of funding earning assets
4.77%Net interest margin
0.82%Noninterest income to earning assets
2.63%Noninterest expense to earning assets
2.03%Net operating income to assets
2.04%Return on assets (ROA)
2.76%Pretax return on assets
20.25%Return on equity (ROE)
10.10%Retained earnings to average equity (YTD only)
0.30%Net charge-offs to loans
30.86%Credit loss provision to net charge-offs
15.79%Efficiency ratio
47,039Assets per employee
2.15%Cash dividends to net income (YTD only)
Condition Ratios (%)
50.14%Loss allowance to loans
1.95%Loss allowance to noncurrent loans
130.69%Noncurrent assets plus other real estate owned to assets
0.88%Noncurrent loans to loans
1.49%Net loans and leases to deposits
68.21%Net loans and leases to core deposits
73.99%Equity capital to assets
10.77%Core capital (leverage) ratio
10.44%Tier 1 risk-based capital ratio
16.84%Total risk-based capital ratio
Memoranda
$18Average assets
$273,174Average earning assets
$27,545Average equity
$258,795Average loans

First and Farmers Bank of Somerset, Inc. in Somerset, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

First and Farmers Bank of Somerset, Inc. - Overview

Assets and Liabilities (December 31, 1998)

Income and Expense (December 31, 1998)

Performance and Condition Ratios (December 31, 1998)

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

First and Farmers Bank of Somerset, Inc. in Somerset, Kentucky (KY)Overview, Financial Summary, Detailed Financial Reports, Branches

First and Farmers Bank of Somerset, Inc. - Overview

Assets and Liabilities (December 31, 1998)

Income and Expense (December 31, 1998)

Performance and Condition Ratios (December 31, 1998)

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

First and Farmers Bank of Somerset, Inc. in Somerset, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches