Banks | First Farmers Bank & Trust Co.

First Farmers Bank & Trust Co.


First Farmers Bank & Trust Co. is an FDIC insured institution headquartered at 123 N Jefferson St, Converse, IN 46919.
It was founded in 1932 and has approximately $3 billion in assets. Customers can open an account at one of its 39 branches.

Deposit Rates - April 19, 2024

SAVINGS RATES APY MIN
Savings
0.01% $2,500 Compare
CD RATES APY MIN
6 Mo CD
0.10% $10,000 Compare
6 Mo CD
0.10% $100,000 Compare
12 Mo CD
0.10% $10,000 Compare
12 Mo CD
0.25% $100,000 Compare
18 Mo CD
0.10% $10,000 Compare
18 Mo CD
0.10% $100,000 Compare
24 Mo CD
0.10% $10,000 Compare
24 Mo CD
0.10% $100,000 Compare
30 Mo CD
0.10% $10,000 Compare
30 Mo CD
0.10% $100,000 Compare
Special: 36 Mo CD
0.55% $1,000 Compare
36 Mo CD
0.10% $10,000 Compare
36 Mo CD
0.15% $100,000 Compare
48 Mo CD
0.10% $10,000 Compare
48 Mo CD
0.25% $100,000 Compare
60 Mo CD
0.20% $10,000 Compare
60 Mo CD
0.35% $100,000 Compare
MM RATES APY MIN
Money Market
0.20% $2,500 Compare
Money Market
0.20% $10,000 Compare
Money Market
0.20% $25,000 Compare
INT CHECKING RATES APY MIN
Int Ckg
0.21% $1
Int Ckg
0.21% $2,500

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 12839
Date Established 1932
Assets $ 3.00 billion
Loans $ 2.22 billion
Deposits $ 2.61 billion
Capital $ 269.34 million

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 51.83 million
Interest-bearing balances $ 7.14 million
Total securities $ 576.24 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 2.22 billion
Loan loss allowance $ 34.89 million
Trading account assets $ 9.14 million
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 15.24 million
All other assets $ 79.03 million
     Total Assets $ 2.73 billion

LIABILITIES
Total deposits $ 2.61 billion
      Interest-bearing deposits $ 2.12 billion
      Deposits held in domestic offices $ 2.61 billion
      % insured (estimated) 73.95%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities $ 9.14 million
Other borrowed funds $ 80.00 million
Subordinated debt N.A.
All other liabilities $ 13.99 millionn
      Total Liabilities $ 2.73 billion
      Shareholders’ Equity $ 269.34 million

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 160.95 million
Total Interest Expense $ 57.39 million
Net interest income $ 103.56 million
Provision for loan and lease losses $ 5.05 million
Total non interest income $ 16.90 million
Total non interest expense $ 57.49 million
Pre-tax Net Operating Income $ 25.65 million

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