Farmers capital bank corp (FFKT)
Income statement / Quarterly
Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Deposit Account [Member]
Allotment Processing Fees [Member]
Financial Service, Other [Member]
Fiduciary and Trust [Member]
Interest Income
Interest and fees on loans

13,038

12,469

12,238

12,281

12,106

11,722

11,894

11,714

11,836

12,090

11,901

11,919

12,371

11,716

12,162

12,441

12,676

12,642

13,157

13,313

13,491

13,531

13,674

13,883

14,104

14,281

14,657

15,245

15,701

16,180

17,429

17,977

Interest on investment securities:
Taxable

2,023

2,025

2,046

1,857

1,984

1,900

1,872

2,159

2,429

2,509

2,524

2,508

2,641

2,795

2,820

2,857

2,980

3,080

2,976

2,578

2,459

2,562

2,828

3,084

3,394

3,566

3,365

3,746

3,906

3,370

3,950

4,683

Nontaxable

449

475

520

563

579

591

584

630

606

630

687

661

665

656

646

644

637

624

627

629

642

614

587

573

561

527

483

461

461

533

680

750

Interest on deposits in other banks

280

269

220

225

128

142

82

102

93

95

59

32

41

50

42

32

37

27

36

42

38

34

57

37

27

35

49

41

64

83

44

63

Interest on federal funds sold and money market mutual funds

142

106

70

57

33

24

17

14

9

6

1

3

3

3

1

2

1

1

1

1

1

1

1

1

1

1

1

0

1

2

2

2

Total interest income

15,932

15,344

15,094

14,983

14,830

14,379

14,449

14,619

14,973

15,330

15,172

15,123

15,721

15,220

15,671

15,976

16,331

16,374

16,797

16,563

16,631

16,742

17,147

17,578

18,087

18,410

18,555

19,493

20,133

20,168

22,105

23,475

Interest Expense
Interest on deposits

614

586

540

540

523

533

532

578

599

646

678

725

737

821

916

1,030

1,104

1,203

1,312

1,423

1,524

1,663

1,919

2,141

2,368

2,811

3,216

3,553

3,772

3,947

5,265

5,995

Interest on federal funds purchased

-

-

-

-

-

-

-

-

-

24

-33

13

10

10

12

12

11

19

14

21

20

19

22

24

25

25

37

43

49

62

75

81

Interest on securities sold under agreements to repurchase

20

19

19

17

16

25

-

867

1,021

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest on Federal Home Loan Bank advances

27

28

29

109

129

160

-

187

185

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest on securities sold under agreements to repurchase and other long-term borrowings

-

-

-

-

-

-

-

-

-

1,186

-

1,201

1,187

1,176

1,200

1,259

1,279

1,264

1,298

1,292

1,278

1,267

1,563

1,828

1,810

1,843

1,987

1,996

1,984

1,998

2,616

2,616

Interest on subordinated notes payable to unconsolidated trusts

305

254

232

227

213

198

189

177

170

187

223

219

214

210

213

212

210

209

214

217

216

217

320

518

517

524

511

504

506

505

522

506

Total interest expense

966

887

820

893

881

916

928

1,809

1,975

2,043

2,118

2,158

2,148

2,217

2,341

2,513

2,604

2,695

2,838

2,953

3,038

3,166

3,824

4,511

4,720

5,203

5,751

6,096

6,311

6,512

8,478

9,198

Net interest income

14,966

14,457

14,274

14,090

13,949

13,463

13,521

12,810

12,998

13,287

13,054

12,965

13,573

13,003

13,330

13,463

13,727

13,679

13,959

13,610

13,593

13,576

13,323

13,067

13,367

13,207

12,804

13,397

13,822

13,656

13,627

14,277

Provision for loan losses

127

-261

87

-379

-499

580

175

-190

-156

-473

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for loan losses

-

-

-

-

-

-

-

-

-

-

-

-898

-264

-1,545

-1,572

-1,536

-1,388

132

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for loan losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-586

-362

-632

710

-256

1,341

977

3,286

3,232

4,528

2,441

6,244

5,490

Net interest income after provision for loan losses

14,839

14,718

14,187

14,469

14,448

12,883

13,346

13,000

13,154

13,760

13,776

13,863

13,837

14,548

14,902

14,999

15,115

13,547

14,979

14,196

13,955

14,208

12,613

13,323

12,026

12,230

9,518

10,165

9,294

11,215

7,383

8,787

Noninterest Income
Net loss on sales of available for sale investment securities

0

0

-

-

-1

-9

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net realized gain on sales of equity investment securities

808

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Service charges and fees on deposits

-

-

-

2,041

-

-

2,016

2,046

1,927

1,867

1,956

1,955

1,907

1,772

1,901

1,993

1,991

1,916

2,102

2,116

2,018

1,960

2,044

2,062

2,015

2,003

2,136

2,251

2,177

2,053

2,378

2,392

Allotment processing fees

-

-

-

693

-

-

728

810

820

874

963

1,066

1,102

1,190

1,219

1,276

1,274

1,245

1,198

1,217

1,241

1,266

1,283

1,304

1,332

1,296

1,319

1,342

1,356

1,329

1,386

1,421

Other service charges, commissions, and fees

-

-

-

1,360

-

-

1,385

1,459

1,432

1,282

1,489

1,442

1,347

1,267

1,298

1,316

1,399

1,235

1,245

1,282

1,264

1,192

1,146

1,104

1,136

1,092

1,102

1,055

1,062

1,029

1,147

1,219

Data processing income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

101

156

271

264

-

-

Data processing income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

319

380

Trust income

-

-

-

724

-

-

630

715

665

654

552

667

583

571

688

812

523

545

542

497

470

484

505

469

473

462

492

507

659

427

421

401

Net gain on sales of available for sale investment securities

-

-

-

3

-

-

-

3,776

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gain on sales of cost method investment securities

-

-

-

82

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment securities (losses) gains, net

-

-

-

-

-

-

-

-

131

83

-

-2

45

120

4

8

-84

9

8

2

-60

0

245

276

685

3

146

386

413

410

3,908

3,367

Gains on sale of mortgage loans, net

104

95

147

172

189

154

247

273

222

200

266

220

173

165

147

123

123

97

169

236

292

339

554

603

451

310

362

328

151

141

439

222

Income from company-owned life insurance

213

293

215

467

221

235

231

229

231

325

235

234

227

241

241

511

233

246

246

244

232

240

235

301

228

760

233

230

241

235

253

260

Gain on debt extinguishment

-

-

-

0

-

-

0

0

0

4,050

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on debt extinguishment

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Legal settlement

-

-

-

0

-

-

-

1,350

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

89

20

226

85

76

122

6

114

93

207

104

107

124

115

269

103

532

80

76

84

-16

-70

36

47

92

102

7

5

10

5

73

207

Total noninterest income

5,973

5,201

5,185

5,627

5,102

5,251

5,351

10,772

5,521

9,542

5,573

5,689

5,508

5,441

5,767

6,142

5,991

5,373

5,586

5,678

5,441

5,411

6,048

6,166

6,412

6,028

5,898

6,260

6,340

5,893

10,324

9,869

Noninterest Expense
Salaries and employee benefits

7,410

7,490

7,652

7,309

7,475

7,860

8,852

7,810

7,655

7,979

8,062

7,774

7,852

8,320

7,540

7,530

7,342

7,351

7,897

7,229

7,231

7,324

7,191

7,019

6,859

7,121

6,705

6,646

6,870

6,765

6,643

6,762

Occupancy expenses, net

1,177

1,254

1,157

1,166

1,135

1,214

1,201

1,172

1,179

1,190

1,153

1,177

1,219

1,227

1,161

1,229

1,209

1,282

1,189

1,247

1,165

1,166

1,151

1,235

1,195

1,176

1,150

1,254

1,210

1,232

1,158

1,188

Equipment expenses

678

601

614

613

599

553

570

662

639

532

188

691

609

618

674

637

593

594

638

619

579

562

607

576

611

570

667

659

567

610

659

651

Data processing and communication expenses

1,055

1,083

1,066

1,119

1,093

1,293

1,082

1,085

1,212

1,217

1,134

1,114

1,074

1,055

1,078

979

969

1,005

974

929

945

1,098

1,060

1,059

989

1,163

-

1,147

1,199

-

-

-

Data processing and communication expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,228

1,329

1,425

Bank franchise tax

525

500

549

610

609

557

598

613

611

599

606

608

607

605

614

585

610

612

551

603

610

590

588

605

620

568

642

637

662

631

621

627

Correspondent bank fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

118

219

Amortization of intangibles

-

-

-

-

-

-

-

-

-

-

112

112

113

112

102

101

101

101

135

135

135

135

253

254

253

254

285

286

286

286

359

360

Deposit insurance expense

116

126

124

129

130

137

36

227

280

298

335

397

404

400

419

426

461

440

567

559

497

642

651

667

685

687

694

643

722

889

1,099

1,095

Other real estate expenses, net

522

117

129

316

326

74

723

454

373

639

675

262

726

45

1,342

1,974

938

1,064

2,218

2,404

1,485

892

2,035

1,531

704

962

1,171

3,569

1,935

680

2,141

992

Legal fees

-

-

-

-

-

-

-

-

102

167

150

292

189

212

141

293

228

194

-

209

-

-

-

251

507

-

-

164

-

-

-

-

Loss on debt extinguishment

-

-

-

0

-

-

-

3,776

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deposit fraud loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

700

-

-

Other

2,179

1,947

1,863

1,446

1,979

1,841

1,954

2,089

1,833

1,786

2,270

1,854

1,681

1,916

1,703

1,997

1,872

1,787

1,618

2,050

2,075

2,100

1,448

2,150

1,978

2,092

2,411

1,954

2,056

2,261

1,800

1,886

Total noninterest expense

13,662

13,118

13,240

12,708

13,346

13,529

15,221

17,888

13,884

14,407

14,685

14,281

14,474

14,510

14,774

15,751

14,323

14,430

16,358

15,984

14,722

14,509

15,446

15,347

14,401

14,593

14,744

16,959

15,507

15,282

15,927

15,205

Income before income taxes

7,150

6,801

6,132

7,388

6,204

4,605

3,476

5,884

4,791

8,895

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income before income taxes

-

-

-

-

-

-

-

-

-

-

-

5,271

4,871

5,479

-

5,390

6,783

4,490

4,207

3,890

4,674

5,110

3,215

4,142

4,037

3,665

672

-534

127

1,826

1,780

3,451

Income tax expense

1,303

1,160

7,567

2,076

1,722

1,276

931

1,560

1,235

2,715

1,080

1,439

1,369

1,405

1,737

1,283

1,959

1,120

1,135

855

1,127

1,318

613

1,051

890

356

-580

-806

-42

781

525

610

Net income

5,847

5,641

-1,435

5,312

4,482

3,329

2,545

4,324

3,556

6,180

3,584

3,832

3,502

4,074

4,158

4,107

4,824

3,370

3,072

3,035

3,547

3,792

2,602

3,091

3,147

3,309

1,252

272

169

1,045

1,255

2,841

Less preferred stock dividends and discount accretion

-

-

-

-

-

-

-

-

-

-

0

0

170

225

377

450

563

537

490

489

487

485

483

481

480

478

477

474

473

472

469

466

Net income available to common shareholders

-

-

-

-

-

-

-

-

-

-

3,584

3,832

3,332

3,849

3,781

3,657

4,261

2,833

2,582

2,546

3,060

3,307

2,119

2,610

2,667

2,831

-

-202

-304

-

-

-

Per Common Share
Net income basic and diluted (in dollars per share)

0.78

0.75

-0.19

0.71

0.60

0.44

0.34

0.58

0.47

0.82

0.49

0.51

0.44

0.51

0.50

0.49

0.57

0.38

0.35

0.34

0.41

0.44

0.28

0.35

0.36

0.38

-

-0.03

-0.04

-

-

-

Cash dividends declared (in dollars per share)

0.12

0.12

0.12

0.10

0.10

0.10

0.10

0.07

0.07

0.07

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

-

-

-

-

-

-

-

-

-

-

Weighted Average Common Shares Outstanding
Basic and diluted (in shares)

7,520

7,518

7,516

7,514

7,512

7,510

7,509

7,505

7,502

7,500

7,499

7,495

7,492

7,490

7,486

7,485

7,482

7,479

7,478

7,475

7,473

7,470

7,466

7,461

7,454

7,447

-

7,427

7,420

-

-

-

Net income available to common shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

573

786

2,375

Net income, basic and diluted (in Dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.08

0.11

0.32

Basic and diluted (in Shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,412

-

-

Weighted average common shares outstanding, basic and diluted (in Shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,393

7,384