First Farmers Bank & Trust Co.
Headquarters
123 N Jefferson St
Converse, IN 46919
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2026 Overview
General Bank Information
First Farmers Bank & Trust Co. is an FDIC insured institution located in Converse, IN. It was founded in 1932 and has approximately $3.5 billion in assets. Customers can open an account at one of its 39 branches.
| FDIC Insured | Yes |
| FDIC Certificate | # 12839 |
| Date Established | 1932 |
| Assets | $ 3.50 billion |
| Loans | $ 2.51 billion |
| Deposits | $ 3.12 billion |
| Capital | $ 326.65 million |
For a more detailed analysis of First Farmers Bank & Trust Co.'s financial condition and a description of what these numbers mean, please visit the Financial Details section.
Deposit Rates - October 1, 2026
Your Current Location: Missouri, MO
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Loan Rates - October 1, 2026
Your Current Location: Missouri, MO
| Refinance Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 15 Year Fixed Conforming See Amortization Table |
7.03% | 6.91% | $2,859.46 | |
| 20 Year Fixed Conforming See Amortization Table |
6.12% | 6.12% | $2,315.16 | |
| 30 Year Fixed Conforming See Amortization Table |
7.10% | 7.35% | $2,204.71 |
| Purchase Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 15 Year Fixed Conforming See Amortization Table |
7.03% | 6.91% | $2,859.46 | |
| 20 Year Fixed Conforming See Amortization Table |
6.12% | 6.12% | $2,315.16 | |
| 30 Year Fixed Conforming See Amortization Table |
7.22% | 7.35% | $2,204.71 |
Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.
Branches
First Farmers Bank & Trust Co. branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Kansas City,Missouri
First Farmers Bank & Trust Co. Locations
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 350.46 | A | View Lobby Hours | |
| 367.36 | B | View Lobby Hours | |
| 368.29 | C | View Lobby Hours | |
| 370.06 | D | View Lobby Hours | |
| 376.30 | E | View Lobby Hours | |
| 378.60 | F | View Lobby Hours | |
| 379.22 | G | View Lobby Hours | |
| 379.72 | H | View Lobby Hours | |
| 380.43 | I | View Lobby Hours | |
| 381.19 | J | View Lobby Hours | |
| 397.04 | K | View Lobby Hours | |
| 397.05 | L | View Lobby Hours | |
| 439.63 | M | View Lobby Hours | |
| 448.99 | N | View Lobby Hours | |
| 449.83 | O | View Lobby Hours | |
| 450.66 | P | View Lobby Hours | |
| 450.98 | Q | View Lobby Hours | |
| 457.13 | R | View Lobby Hours | |
| 457.28 | S | View Lobby Hours | |
| 458.20 | T | View Lobby Hours | |
| 458.45 | U | View Lobby Hours | |
| 458.91 | V | View Lobby Hours | |
| 459.50 | W | View Lobby Hours | |
| 460.18 | X | View Lobby Hours | |
| 466.33 | Y | View Lobby Hours | |
| 466.38 | Z | View Lobby Hours |
Climate Policy and Initiatives
First Farmers Bank & Trust Co. is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.
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Financial Details
First Farmers Bank & Trust Co. Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of First Farmers Bank & Trust Co.. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.
Texas Ratio
| First Farmers Bank & Trust Co. | U.S. Bank Average |
|---|---|
| 6.17% | 5.57% |
The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.
As of December 31, 2025, First Farmers Bank & Trust Co. had $22,560,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $326,648,000 in equity and $38,888,000 in loans loss reserves. That gives it a Texas Ratio of 6.17%.
Return on Equity
| First Farmers Bank & Trust Co. | U.S. Bank Average |
|---|---|
| 17.35% | 10.69% |
First Farmers Bank & Trust Co. has a Return on Equity of 17.35% versus the BestCashCow average of 10.69%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.
Capitalization
| First Farmers Bank & Trust Co. | U.S. Bank Average |
|---|---|
| 9.34% | 11.75% |
First Farmers Bank & Trust Co. has a Capitalization of 9.34% versus the BestCashCow average of 11.75. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.
First Farmers Bank & Trust Co. Balance Sheet Analysis
As of March 31, 2026, First Farmers Bank & Trust Co. had assets of $3,495,725,000, loans of $2,508,195,000, and deposits of $3,118,046,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.
Summary Balance Sheet
December 31, 2025| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 226.34 million |
| Interest-bearing balances | $ 186.70 million |
| Total securities | $ 672.91 million |
| Federal funds sold and reverse repurchase | N.A. |
| Net loans and leases | $ 2.51 billion |
| Loan loss allowance | $ 38.89 million |
| Trading account assets | $ 4.17 million |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | N.A. |
| Goodwill and other intangibles | $ 14.91 million |
| All other assets | $ 79.03 million |
| Total Assets | $ 3.23 billion |
| LIABILITIES | |
|---|---|
| Total deposits | $ 3.12 billion |
| Interest-bearing deposits | $ 2.62 billion |
| Deposits held in domestic offices | $ 3.12 billion |
| % insured (estimated) | 69.87% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | $ 4.22 million |
| Other borrowed funds | $ 80.00 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 13.99 million |
| Total Liabilities | $ 3.23 billion |
| Shareholders’ Equity | $ 270.59 million |
Summary Income Statement
December 31, 2025| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 50.04 million |
| Total Interest Expense | $ 18.13 million |
| Net interest income | $ 31.91 million |
| Provision for loan and lease losses | $ 1.88 million |
| Total non interest income | $ 4.54 million |
| Total non interest expense | $ 17.26 million |
| Pre-tax Net Operating Income | $ 25.65 million |
Bank Loan Profile?
The top three loan types in First Farmers Bank & Trust Co.’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Farm Loans.
Compared to other banks in Indiana, First Farmers Bank & Trust Co. has a significantly higher percent of Small Business Loans, Farm Loans on its balance sheet, potentially indicating a specialty in that lending area.
Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.
| % Loans |
% Comparison to Other Banks |
|||
|---|---|---|---|---|
| Low | Med | High | ||
| 1-4 Family Residential Loans | 5.17 | ✓ | ||
| Multifamily Mortgages |
3.58 | ✓ | ||
| Credit Card Loans | 0.00 | ✓ | ||
| Consumer Auto Loans | 0.49 | ✓ | ||
| Small Business Loans | 4.43 | ✓ | ||
| Construction and Development Loans | 5.46 | ✓ | ||
| Commercial Real Estate | 18.24 | ✓ | ||
| Commercial and Industrial Loans | 14.94 | ✓ | ||
| Farm Loans | 9.37 | ✓ | ||
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