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 - October 30, 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 $ 3.20 billion
Loans $ 2.32 billion
Deposits $ 2.63 billion
Capital $ 275.93 million

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 97.84 million
Interest-bearing balances $ 58.54 million
Total securities $ 626.92 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 2.32 billion
Loan loss allowance $ 31.22 million
Trading account assets $ 11.49 million
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 14.95 million
All other assets $ 79.03 million
     Total Assets $ 2.92 billion

LIABILITIES
Total deposits $ 2.63 billion
      Interest-bearing deposits $ 2.17 billion
      Deposits held in domestic offices $ 2.63 billion
      % insured (estimated) 72.21%
Federal funds purchased and repurchase agreements $ 30.00 million
Trading liabilities $ 11.49 million
Other borrowed funds $ 80.00 million
Subordinated debt N.A.
All other liabilities $ 13.99 millionn
      Total Liabilities $ 2.92 billion
      Shareholders’ Equity $ 275.93 million

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 91.71 million
Total Interest Expense $ 38.36 million
Net interest income $ 53.35 million
Provision for loan and lease losses $ 14.34 million
Total non interest income $ 8.80 million
Total non interest expense $ 29.07 million
Pre-tax Net Operating Income $ 25.65 million

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