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Farmers Bank, Frankfort, Indiana, Inc., The

Frankfort, IN · Cert 12828

State charter, non-member · 12 branches

Q2 2026

$1.1BAssets
$811.7MLoans
$936.0MDeposits
$96.2MEquity
Loan mix
83%RE $631.7M15%C&I $116.9M2%Consumer $12.4MQ3 2024Q2 2026
Deposit mix
74%Interest-bearing $695.3M26%Noninterest $240.7MQ3 2024Q2 2026

Market Position · Indianapolis-Carmel-Greenwood, IN · 2026 SOD (annual) · 0.4% share · #25 of 49 inst. · $0.4B of $91.8B

74.0% Clinton
1.1% Hamilton
3.6% Boone
0.9% Tipton

Executive Summary

  • Earnings: ROA of 0.06%, down 89 bps year over year; NIM at 3.35%.
  • Asset quality: problem loans at 0.59% of loans (+24 bps YoY), with net charge-offs at 0.07%.
  • Capital: tier 1 leverage ratio of 9.97%, down 13 bps from a year ago.
  • Funding: loans stand at 86.72% of deposits as of Q2 2026.

Return on Assets (quarter, annualized)

0.06%-89 bps YoY

Net Interest Margin (quarter, annualized)

3.35%+5 bps YoY

Efficiency Ratio (quarter, annualized)

99.15%+3,047 bps YoY

Tier 1 Leverage Ratio

9.97%-13 bps YoY

NIM

5.37%Q2 ’245.50%Q2 ’255.46%Q2 ’26+12%+2%

Non-interest income vs. expense

2.64%Q2 ’242.73%Q2 ’253.95%Q2 ’26-13%+61%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.84%1.15%0.84%0.95%1.04%1.01%0.98%0.06%-89 bps
Return on Equity10.44%14.30%10.61%11.97%12.91%12.10%11.65%0.69%-1,128 bps
Net Interest Margin3.10%3.16%3.27%3.30%3.30%3.21%3.25%3.35%+5 bps
Efficiency Ratio69.68%66.83%72.53%68.68%65.33%66.13%68.37%99.15%+3,047 bps
Non-Interest Burden1.96%1.86%2.21%2.06%1.94%1.91%1.98%3.32%+126 bps
Growth
Asset Growth (YoY)5.46%8.58%5.63%11.61%12.38%9.99%7.36%3.29%-832 bps
Loan Growth (YoY)11.56%13.26%9.32%10.76%8.35%4.59%2.74%2.70%-807 bps
Deposit Growth (YoY)10.97%6.17%10.24%11.64%14.03%23.38%13.34%9.73%-191 bps
Asset Quality
Nonperforming Loans / Loans0.22%0.29%0.49%0.35%0.34%0.35%0.59%0.59%+24 bps
Net Charge-Offs / Loans0.00%-0.20%0.15%0.02%-0.01%0.09%0.02%0.07%+5 bps
Allowance / Loans1.34%1.31%1.31%1.30%1.34%1.32%1.37%1.36%+6 bps
Allowance Coverage of NPLs6.0x4.5x2.7x3.7x3.9x3.8x2.3x2.3x-1.4x
Capital
Tier 1 Leverage Ratio10.19%9.97%10.18%10.10%9.91%9.86%10.03%9.97%-13 bps
Total Risk-Based Capital12.37%12.19%10.18%10.10%9.91%9.86%10.03%9.97%-13 bps
Equity / Assets8.37%7.73%8.02%7.87%8.25%8.38%8.48%8.46%+60 bps
Liquidity & Funding
Loans / Deposits93.90%103.51%95.06%92.66%89.23%87.75%86.17%86.72%-594 bps
Liquid Assets / Assets0.51%1.00%1.62%4.81%5.58%5.49%5.08%3.87%-94 bps
CRE / Total Capitaln/an/an/an/a451%453%437%n/an/a