First Farmers Bank & Trust Company


Overview / Commentary
765-395-3316
123 North Jefferson Street
Converse, IN 46919

First Farmers Bank & Trust Company is headquartered in CONVERSE and is the 14th largest bank in the state of Indiana. It is also the 410th largest bank in the nation. It was established in 1932 and as of March of 2023, it had grown to 370 employees at 35 locations. First Farmers Bank & Trust Company's money market rates are 2X the national average, and it has an A health rating.

Reviews (1)

Terrible Bank

Do not bank with them. The mobile banking site is never accurate and they will never help you out if they seem to make a mistake. If the bank isn't open and you have an issue you are SOL, there isn't a way to get ahold of anyone. We've banked with them for 30 years and closed our account.



Health

Health Grade Components

Overall
FDIC Certificate #12839
Year Established1932
Employees370
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.66%
Return on Equity - YTD18.58%
Annual Interest Income$35.7MM
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$2.81B$2.52B
LoansQ1 2023vs Q1 2022$2.07B$1.71B
DepositsQ1 2023vs Q1 2022$2.48B$2.14B
Equity CapitalQ1 2023vs Q1 2022$248.3MM$247.2MM
Loan Loss AllowanceQ1 2023vs Q1 2022$34.6MM$20.6MM
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$23.3MM$26.0MM
Real Estate OwnedQ1 2023vs Q1 2022$0$79.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not First Farmers Bank & Trust Company; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First Farmers Bank & Trust Company Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.01%*$15k*-Health Savings Account
OTHER TIERS: 0.35% $1k - $5k | 0.75% $5k - $15k
0.80%*$90k*-Premier Savings Plus Account
OTHER TIERS: 0.10% Up to $10k | 0.45% $10k - $25k | 0.65% $25k - $50k | 0.70% $50k - $75k | 0.75% $75k - $90k
0.70%*$90k*-Premier Savings Account
OTHER TIERS: 0.10% Up to $10k | 0.45% $10k - $25k | 0.55% $25k - $50k | 0.60% $50k - $75k | 0.65% $75k - $90k
0.55%*$25k*-Regular Savings Account
OTHER TIERS: 0.05% Up to $5k | 0.45% $5k - $25k
0.55%*$25k*-Not-for-Profit Savings Account
OTHER TIERS: 0.05% Up to $5k | 0.45% $5k - $25k
0.55%*$25k*-Senior Savings Account
OTHER TIERS: 0.05% Up to $5k | 0.45% $5k - $25k
0.55%*$25k*-Minor Savings Account
OTHER TIERS: 0.05% Up to $5k | 0.45% $5k - $25k
0.55%*$25k*-Public Funds Savings Account
OTHER TIERS: 0.05% Up to $5k | 0.45% $5k - $25k
0.45%*-$10kHoliday Savings Club Direct Account
OTHER TIERS: 0.15% $10k+

First Farmers Bank & Trust Company Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.90%*$200k*-Personal Investor Money Market
OTHER TIERS: 0.10% Up to $10k | 0.55% $10k - $50k | 0.65% $50k - $100k | 0.75% $100k - $150k | 0.85% $150k - $200k
0.90%*$200k*-Business Investor Money Market
OTHER TIERS: 0.10% Up to $10k | 0.55% $10k - $50k | 0.65% $50k - $100k | 0.75% $100k - $150k | 0.85% $150k - $200k
0.60%*$90k*-Commercial Money Market
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $25k | 0.40% $25k - $50k | 0.50% $50k - $90k

First Farmers Bank & Trust Company Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.50%*-$15kHarvest Rewards Checking
OTHER TIERS: 0.25% $15k+
0.45%*$25k*-Personal Interest Checking
OTHER TIERS: 0.05% Up to $5k | 0.35% $5k - $25k
0.45%*$25k*-Business Interest Checking
OTHER TIERS: 0.05% Up to $5k | 0.35% $5k - $25k
0.45%*$25k*-Not-for-Profit Interest Checking
OTHER TIERS: 0.05% Up to $5k | 0.35% $5k - $25k

First Farmers Bank & Trust Company IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%--18 Month Variable IRA
Locations

Availability



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