# FARMERS DEPOSIT BANK
CYNTHIANA, KY · FDIC certificate 266 · asset band <$300M · latest filing 2018-09 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 5 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $114.0M | |
| Deposits | $89.9M | |
| Loans and leases | $60.1M | |
| Total equity | $17.6M | |
| Loans / deposits | 66.08% (p31 of band) | 78.40% |
| Liquid assets / assets | 41.62% (p73 of band) | |
| Uninsured deposits / deposits | 5.93% (p11 of band) | 15.34% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 5.33% (p66 of band) | |
| FHLB advances / assets | 4.68% | |
| Tier 1 leverage | 16.10% (p87 of band) | 11.34% |
| Unrealized securities loss / equity | -9.42% (p15 of band) | -3.15% |
| AOCI / equity | -6.34% (p12 of band) | |
| ROA (annualized) | 0.47% (p16 of band) | 1.02% |
| Net interest margin | 3.60% (p37 of band) | 3.82% |
| Efficiency ratio | 89.33% (p91 of band) | |
| Noncurrent loans | 1.38% (p74 of band) | 0.57% |
| Net charge-offs (annualized) | 0.07% (p77 of band) | |
| Reserve coverage of noncurrent | 87.32% | |
| Real estate % of loans | 60% | |
| Construction % of loans | 7.62% (p34 of band) | |
| Auto loans | $764,000 (1.27% of loans; DQ 1.18%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -11.5% | |
| Employees | 30 | |

## Flags firing in the latest filing

- **expense ratio p90** (`earn_efficiency`)
- **reserve under noncurrent** (`aq_reserve`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)
- **uninsured deposits leaving** (`flight_uninsured`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 4 | losing money, noncurrent p90, charge-offs p90, reserve under noncurrent |  |
| 2011-06 | 4 |  |  |
| 2011-09 | 4 |  |  |
| 2011-12 | 3 |  | losing money |
| 2012-03 | 6 | losing money, deposits shrinking, uninsured deposits leaving |  |
| 2012-06 | 6 | assets shrinking | losing money |
| 2012-09 | 6 |  |  |
| 2012-12 | 2 |  | charge-offs p90, deposits shrinking, uninsured deposits leaving, assets shrinking |
| 2013-03 | 2 |  |  |
| 2013-06 | 3 | charge-offs p90 |  |
| 2013-09 | 3 |  |  |
| 2013-12 | 2 |  | charge-offs p90 |
| 2014-03 | 1 |  | reserve under noncurrent |
| 2014-06 | 2 | capital falling |  |
| 2014-09 | 1 |  | capital falling |
| 2014-12 | 1 | expense ratio p90 | noncurrent p90 |
| 2015-03 | 2 | noncurrent p90 |  |
| 2015-06 | 3 | deposits shrinking, uninsured deposits leaving | expense ratio p90 |
| 2015-09 | 2 |  | uninsured deposits leaving |
| 2015-12 | 3 | assets shrinking |  |
| 2016-03 | 4 | reserve under noncurrent |  |
| 2016-06 | 2 | charge-offs p90 | noncurrent p90, deposits shrinking, assets shrinking |
| 2016-09 | 1 |  | reserve under noncurrent |
| 2016-12 | 1 |  |  |
| 2017-03 | 1 | capital falling | charge-offs p90 |
| 2017-06 | 0 |  | capital falling |
| 2017-09 | 0 |  |  |
| 2017-12 | 1 | deposits shrinking |  |
| 2018-03 | 4 | expense ratio p90, assets shrinking, uninsured deposits leaving |  |
| 2018-06 | 5 | reserve under noncurrent |  |
| 2018-09 | 5 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2019-10-30 [Farmers National Bank and Farmers Deposit Bank announce plans to merge - The Lane Report](https://news.google.com/rss/articles/CBMiswFBVV95cUxPV25EQlpuU005dnRZX0djTTZLcmtjVTRQZmxHQzNjcVN4aWk5ZXhFbXRCanhQMThrNGE1M1dtU2E5ZzZmRVF4dHlyamVQeENRWTIwa05XTFlKa09IejBOYkxuVFh0dDc4bkdfTThNUWhQaF9QYmc1SzJSLXdZaEt1OG5ibWhKbFdoenUwQmNISFdNZi1ndlNtSThnRDUtWnhfMjlLRC1EVlhHU0Y5VzB6dGI0RQ?oc=5) · The Lane Report
- 2022-09-20 [Peoples Bank holds grand re-opening after renovation - pmg-ky1.com](https://news.google.com/rss/articles/CBMi3gFBVV95cUxNNnB2eElBM1E1R2plZGt3bU1aMDd6bnNVSldyOEQ0dXI0YVBYWUVmNFdoaXJ3ZkhiaWNPeHVINndNN0xfeG4wSC1MZW1WU2dVWU1TR3VHaVYwN1J2NGdwN19pcjZkMVU2YjdTTlp3Rm5vYmQ0cHUtOWNlT0h2NWxVMkNyRzZUeVFWdFpXeTd3TjJDVmhMNHVta3NUVVdvWEIxT1hoYUYwYVRLS3NDbnZiU2Q0dFJvbUQ4ZXB2ajJnQWdCTTBmT0hLejFhZXN5YW5lQ3VzUTF1RzBkM2NLbXc?oc=5) · pmg-ky1.com
- 2020-09-28 [Farmers National Bank CEO to retire after 40 years - amnews.com](https://news.google.com/rss/articles/CBMiiAFBVV95cUxQampqMjhzOURPRzl6M2JIcnRFSlhmY0NLVHVsdU5PVzV1elA2TFM3a2FuUHYtVVMwQmt2UXNnWElWeS1BSFZDQ09TQURVTjJUVmVuVmtYWTV4Vk45TlV5dUlOYmR0ZGRxQzYyMmxaY3BVSmk0UmJqOTg4eVpOdDNTSlRfUmJpUVZn?oc=5) · amnews.com
- 2014-09-30 [Charles Mann Obituary - Louisville, KY - Dignity Memorial](https://news.google.com/rss/articles/CBMigwFBVV95cUxNcUdYRmlwazJuZUdDZTZJOVJlY3ZhS3hBV0pENnNDZGlCSmpHN2NQc01iZUVBWmV2Q3BTYVJlOUtmWnRRRlJ3R1Jtc3BMU3FvQzF5OGFSd1JvS3pjdHdYTVZfalVXblZGN3gwRG9aWWFGaEpkbV9icFd6WDVrMGFWOUdWSQ?oc=5) · Dignity Memorial
- 2019-09-30 [George F. Duthie - The Courier-Journal](https://news.google.com/rss/articles/CBMiYkFVX3lxTFBTVlZUOGoxV3dmOHlLQ0ZjQjM3elJTZ0NBRkNobF9PWGxFVXBaZGxickM1dzZQem1kcmQ1ekV3SkEzdWtkam9COE5BaEd1Z29YeV9IOVVGS0RoSExmZWNmaVB3?oc=5) · The Courier-Journal
- 2021-06-26 [James Kimbell Obituary (1929 - 2020) - Louisville, KY - Courier-Journal - Legacy obituary](https://news.google.com/rss/articles/CBMijwFBVV95cUxPdFlLSXcxa21wSmpTQW9za2x1TmlfdnNvYWhlS2ZNM0xObE8ycW1URW1aSjlSNFVCd3FPVDRVVkpBczVwNlhVQ204al82UFE1T2RTd1FzVnhTamQyTURtMXdsTEV6VmpwTlJfTHdvS1pxbnVvSVFETkdHeHYxeEZVai1jTFQ2UFZtbVBsR3NaTQ?oc=5) · Legacy obituary
- 2012-02-08 [Public record for the week of Feb. 8 - pmg-ky1.com](https://news.google.com/rss/articles/CBMi0wFBVV95cUxNRzE0SUd3cUZXVGhmTjdkVENlYkJnZjQ2aFFJZ1EyVVNKVWpPcXpJRXJkTGE0UldKLWFPVkM5UXROaUVVX3liZmQzVWZFVTRvR0JITElQTlR1QkNNeTRxaHZjOWpDTVBHS3ZVQ2t4Z002YzM0Rlp5VHYxYXE3SldQNVlCMEQ1S2lwVFpNTl9xLTR2VUNUdWVwSXEyQ2VxQTdNSVNPbTd4c1FfaGxBeDJZdWFhdTc4c3dPRUpzUWF6UWNYRFFSSndud3ZzQnFHbmJSX2E0?oc=5) · pmg-ky1.com
- 2022-06-18 [Laura Whitney Obituary (2022) - Eminence, KY - Henry County Local - Legacy obituary](https://news.google.com/rss/articles/CBMijAFBVV95cUxOVy1fdGFSa2xTV0dFcnZ4anJzYUdXQVVSdmJTeldNczNucldVTG9qdXpteEJCTTk5eXVEcWRtdGRscl9CMUREcWNvLUJlTHRFakhYSTdlMEJwemFWeGtnaHppbHFuZlYwQWI3c004LVI3Ujk1NXMxMTZReEhFSENHYzg0NjlBOGZNUmZzUQ?oc=5) · Legacy obituary

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=266 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/10.json (key "266", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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