First Farmers Bank and Trust Company

First Farmers Bank and Trust Company is headquartered in Owenton and is the 123^rd largest bank in the state of Kentucky. It is also the 4,518^st largest bank in the nation. It was established in 1934 and as of March of 2012, it had grown to 34 employees at 4 locations. First Farmers Bank and Trust Company has a 4-star health rating.

First Farmers Bank and Trust Company Checking Account Rates

First Farmers Bank and Trust Company Savings Account Rates

First Farmers Bank and Trust Company Money Market Rates

First Farmers Bank and Trust Company CD Rates

First Farmers Bank and Trust Company IRA Rates

Data for Q1 2012

Institution Statistics First Farmers Bank and Trust Company FDIC Certificate # 2762 BankRate Report View Year Established 1934 Employees 34 Primary Regulator FDIC Assets and Liabilities Assets $117.63 million Loans $89.88 million Deposits $92.92 million Equity Capital $15.90 million Loan Loss Allowance $964,000 Unbacked Noncurrent Loans $886,000 Real Estate Owned $1.01 million Historic Data - March 2011 Assets $123.58 million Equity Capital $15.00 million Loan Loss Allowance $1.28 million Unbacked Noncurrent Loans $2.09 million Real Estate Owned $75,000 Profit Margin - Quarterly Net Interest Margin 4.49% Return on Assets 1.12% Return on Equity 8.34% Interest Income $1.47 million

Institution Health Overall Score: 4 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 First Farmers Bank and Trust Company had $1.9 million in non-current loans and owned real-estate with $16.87 million in equity and loan loss allowances on hand to cover it. This gives First Farmers Bank and Trust Company a Texas Ratio of 11.26% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for First Farmers Bank and Trust Company decreased slightly from 13.32% as of March 31, 2011 to 11.26% as of March 31, 2012, resulting in a positive change of 15.47%.This indicates that the balance sheet and financial strength for First Farmers Bank and Trust Company has improved slightly in recent periods. Deposit Growth In the past year, First Farmers Bank and Trust Company has decreased its total deposits by -$5.08 million, resulting in -5.19% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth First Farmers Bank and Trust Company has shown is poor. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. First Farmers Bank and Trust Company has $117.63 million in assets with $16.87 million in equity, resulting in a capitalization level of 14.34%, which is excellent.

No reviews have been left for this bank yet. Be the first to review.