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Farmers Capital Bank in Frankfort, Ky., said a change in the rules governing allotments by active-duty service members will shave more than $800,000 off its bottom line next year.
December 16 -
Unless we return the Farm Credit System to its original mission, taxpayers could be on the hook for a bailout in the near future and farmers access to credit could be reduced, writes Rep. Marlin Stutzman.
July 8 -
Farmers Capital Bank Corp. in Frankfort, Ky., has been released from an enforcement order under which it had been operating since 2009.
March 19
Farmers Capital Bank in Versailles, Ky., has been freed from a regulatory order.
The company said in a press release Tuesday that its $524 million-asset bank had its memorandum of understanding lifted by the Federal Deposit Insurance Corp. and Kentucky Department of Financial Institutions. The January 2014 order required the bank to maintain a 9% Tier 1 leverage capital and a 13% total risk-based capital ratios of 9% and 13%.
The bank's Tier 1 leverage ratio was 11.08% at Dec. 31, while it had a total risk-based capital ratio of 19.26%.
"While we realize the need to continue to reduce the level of nonperforming assets, we are pleased to receive acknowledgement by our regulators of the improvements we've made," Lloyd Hilliard, Farmers Capital's president and chief executive, said in the release.
