Farmers Capital Bank Corporation, a bank holding company, provides banking and bank-related services to individual, business, agriculture, government, and educational customers. The company’s four bank subsidiaries include Farmers Bank & Capital Trust Company (Farmers Bank), Frankfort, Kentucky; United Bank & Trust Company (United Bank), Versailles, Kentucky; First Citizens Bank (First Citizens), Elizabethtown, Kentucky; and Citizens Bank of Northern Kentucky, Inc. (Citizens Northern), Newport, Kentucky. The company also owns FCB Services, Inc., a nonbank data processing subsidiary located in Frankfort, Kentucky; FFKT Insurance Services, Inc., a captive property and casualty insurance company in Frankfort, Kentucky; and EKT Properties, Inc., which manages and liquidates certain real estate properties repossessed by the company. The company provides a range of financial services at its 36 locations in 23 communities throughout Central and Northern Kentucky. Its primary deposit products are checking, savings, and term certificate accounts. Its primary lending products are residential mortgage, commercial lending, and consumer installment loans. Substantially all loans and leases are secured by specific items of collateral, including business assets, consumer assets, and commercial and residential real estate. Other services provided by the company include cash management services, issuing letters of credit, safe deposit box rental, and providing funds transfer services. Other financial instruments, which potentially represent concentrations of credit risk, include deposit accounts in other financial institutions and federal funds sold. The company's real estate lending primarily includes loans secured by owner and non-owner occupied one-to-four family residential properties, as well as commercial real estate mortgage loans to developers and owners of other commercial real estate. Real estate lending primarily includes both variable and adjustable rate products. In addition to the lifetime caps and floors on rate adjustments, loans secured by residential real estate typically contain provisions that limit annual increases at a maximum of 100 basis points. The company also makes fixed rate commercial real estate loans to a lesser extent with repayment periods ranging from three to five years. Its subsidiary banks make first and second residential mortgage loans secured by real estate not to exceed 90% loan to value without seeking third party guarantees. Commercial real estate loans are made primarily to small and mid-sized businesses, secured by real estate not exceeding 80% loan to value. Other commercial loans are asset based loans secured by equipment and lines of credit secured by receivables and include lending across a range of business types. The company's commercial lending and real estate construction lending, including commercial leasing, includes a degree of credit risk than other loans, such as residential mortgage loans. Secured and unsecured direct consumer lending is made for automobiles, boats, and other motor vehicles. Investment Portfolio As of December 31, 2013, the company’s investment portfolio included obligations of U.S. government-sponsored entities; obligations of states and political subdivisions; mortgage-backed securities – residential; mortgage-backed securities – commercial; corporate debt securities; and mutual funds and equity securities. Deposits The company’s deposits include customer deposits, which consist of noninterest and interest bearing demand, and time deposits. Regulation The company is a bank holding company, registered with and regulated by the Federal Reserve Board (FRB). All four of its subsidiary banks are Kentucky state-chartered banks. Two of the company’s subsidiary banks are members of their regional Federal Reserve Bank. The company and its subsidiary banks are subject to supervision, regulation and examination by FRB, Federal Deposit Insurance Corporation (FDIC), and the Kentucky Department of Financial Institutions (KDFI). The company and its subsidiary banks are required to file regular reports with the FRB, the FDIC and the KDFI. The company is also subject to disclosure and other regulatory requirements of the Securities Act of 1933 and the Securities Exchange Act of 1934 (as amended), as administered by the Securities and Exchange Commission. Each of the company’s subsidiary banks are members of the FDIC, and their deposits are insured by the FDIC’s Deposit Insurance Fund up to the amount permitted by law. The company’s subsidiary banks are subject to the provisions of the Community Reinvestment Act of 1977, as amended, and the federal banking agencies’ related regulations. History Farmers Capital Bank Corporation was founded in 1850.
farmers capital bank corp
202 West Main Street
PO Box 309
Frankfort, KY 40601
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