Farmers Bank and Trust

Name

Farmers Bank and Trust

Legal name

Farmers Bank and Trust Company

Website

https://yournxtbank.com

Company type

Private

Founded year

1900

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Depository Credit Intermediation (5221)

SIC

State Commercial Banks (6022), Personal Credit Institutions (6141)

akta.pro primary industry

Agricultural & Rural Development Banks (FSABAKAE)

Keywords

• Community banking
• Personal banking services
• Agriculture lending
• Commercial lending
• Digital banking

Headquarters

HQ city

Princeton

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Interest Income: Primary revenue from interest earned on loans including personal loans, auto loans, home equity loans, mortgage loans, commercial loans, and agriculture loans
2. Checking Account Fees: Monthly maintenance fees, transaction fees exceeding free limits, and paper statement fees for business and personal checking accounts
3. Digital Banking Services: Revenue from digital banking services including online banking, mobile banking, and bill pay
4. Merchant Services: Credit card processing services for business customers through merchant services

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels9 records

Core offering

Farmers Bank and Trust is a community bank offering personal and business banking products including checking accounts, savings accounts, CDs/IRAs, auto loans, home equity loans, mortgages, commercial loans, and agriculture loans. Services are delivered through three Kentucky branch locations complemented by online banking, mobile app, bill pay, digital wallets, and a 55,000+ ATM network. Wealth management and merchant services round out the offering.

Product overview

Farmers Bank and Trust is a community bank offering a comprehensive suite of banking products and services through both physical branches and digital channels. The product portfolio includes Personal Banking (checking accounts: Welcome Aboard, Unique Plus, and Edge; savings accounts: Regular Savings, Make Cents Savings, CDs & IRAs, Vacation & Christmas Clubs), Loans & Lines of Credit (auto loans, personal loans, home equity products, mortgages), Business & Commercial Banking (Basic Business Checking, Commercial Checking, Small Business Checking, commercial loans, agriculture loans), and Digital Banking services (online banking, mobile app, bill pay, digital wallets, eStatements, ATM access). The bank operates three Kentucky locations (Main Office in Princeton, Hwy 62 Branch, and Eddyville Branch) with a focus on community banking, having celebrated 125 years of service.

Differentiator

Problem solved

Functional benefit

Brands

• Tiger & Lyon Debit Cards: Community debit card program supporting local youth initiatives in Caldwell and Lyon Counties, with $0.10 donated per signature-based transaction to local youth programs. Over $84,000 collected since 2003.

Products and services

• Personal Checking Flexible checking accounts for personal banking needs including Welcome Aboard, Unique Plus, and Edge checking options with various fee structures, interest rates, and features.
• Unique Plus Checking Interest-bearing checking account offering 2.50% APY on balances up to $15,000 when qualifications are met, including 12+ debit card purchases and monthly online banking login.
• Edge Checking Tiered interest-bearing checking account requiring $1,500 minimum daily balance to avoid maintenance fee, with unlimited check writing and debit card usage.
• Welcome Aboard Checking Basic checking account with no minimum balance requirement, free services including mobile banking, and up to 10 free checks per month.
• Personal Savings Savings accounts including Regular Savings, Make Cents Savings (round-up program), CDs & IRAs, and Vacation & Christmas Clubs with various interest rates and term options.
• Regular Savings Account Basic savings account with competitive interest paid on balances of $200 or more, serving as a foundation for building emergency funds and reaching savings goals.
• Make Cents Savings Account Savings account that rounds up debit card purchases to the nearest dollar and deposits the difference, with student matching for first 30 days.
• CDs and IRAs Certificates of Deposit with fixed rates and $2,500 minimum deposit, plus Traditional and Roth IRA options with competitive interest rates and tax advantages.
• Vacation and Christmas Clubs Specialty savings accounts for vacation and holiday savings with automatic payout schedules, featuring 1.00% APY for Vacation Club and 2.00% APY for Christmas Club.
• Personal Loans and Lines of Credit Comprehensive lending suite including auto loans, personal loans, home equity loans, HELOCs, mortgage loans, and recreational loans with competitive rates.
• Auto Loans Vehicle financing for new or used cars with competitive rates, pre-approval options, and refinancing capabilities.
• Personal Loans Unsecured loans for various personal expenses including debt consolidation, home projects, and unexpected costs with competitive low rates.
• Home Equity Loan One-time financing using home equity as collateral for major purchases like cars or debt consolidation with competitive rates.
• Home Equity Lines of Credit (HELOC) Revolving credit line secured by home equity with flexible access to funds via direct deposit or checks, competitive rates, and potential tax benefits.
• Commercial Loans Business financing including small business loans, commercial real estate loans, equipment financing, lines of credit, and working capital loans with quick local decisions.
• Agriculture Loans Specialized farming loans including agricultural real estate loans (row crop, pasture, timber, recreation land) and agriculture non-real estate loans for equipment and operating needs.
• Business Checking Business checking accounts including Basic Business Checking, Commercial Checking, and Small Business Checking with VISA debit cards and cash management services.
• Basic Business Checking Low-fee business checking with no minimum balance, 150 free transactions per cycle, and no monthly maintenance fee.
• Commercial Checking Business checking with earning credit rate rewards for higher balances and detailed monthly analysis statements.
• Small Business Checking Business checking requiring $2,500 minimum daily balance with 300 free transactions per statement cycle.
• Online Banking 24/7 web-based banking platform for account access, funds transfers, bill pay, alerts, loan management, and eStatements with advanced encryption security.
• Mobile Banking App Mobile application for iPhone and Android enabling balance viewing, alerts, transaction history, bill pay, fund transfers, and mobile check deposit.
• Bill Pay Electronic bill payment service supporting one-time and recurring payments to any entity with a mailing address, with payment reminders and detailed records.
• Digital Wallet Secure digital payment service for storing debit card information on smartphones for contactless payments at participating merchants.
• eStatements Paperless electronic statement delivery with instant access, secure storage in online banking, and email notifications.
• ATM Access Surcharge-free ATM access at over 55,000 Allpoint Network locations nationwide including Kangaroo Express, Kroger, Safeway, CVS, Target, and Walgreens.
• Wealth Management Wealth management services for maximizing and securing financial futures with personalized tailored services.
• Merchant Services Credit card processing services for businesses enabling secure payment acceptance from customers.
• Tiger and Lyon Debit Cards Community debit card program where Farmers Bank donates $0.10 per signature-based transaction to local youth programs in Caldwell and Lyon Counties.

Quantifiable outcome

• Quick local loan decisions
• +2 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

Feature4 records

Partnerships

One partnership is on record.

• Allpoint NetworkcoreTechnology or IntegrationATM network partnership providing surcharge-free cash withdrawals at over 55,000 locations nationwide including major retail outlets like Kroger, Target, Walgreens, CVS/pharmacy, Safeway, and Kangaroo Express. Enhances customer convenience and reduces banking fees.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Planters Bank: Kentucky-based community bank offering personal, business, and agricultural lending across western Kentucky. Directly comparable as a state-chartered community bank competing in overlapping rural Kentucky markets with similar agricultural specialization and relationship-based GTM.
• South Central Bank: Kentucky-headquartered community bank with branches across south-central Kentucky offering personal, business, and ag banking. Similar scale and community-bank operating model with comparable agricultural lending focus.
• Community Trust Bank: Kentucky-based community bank with statewide presence across eastern, central, and southern Kentucky. Offers similar consumer, business, and ag lending products; comparable as a community-bank competitor in overlapping markets though larger in scale.
• Independence Bank of Kentucky: Kentucky community bank serving southern Indiana and western Kentucky with consumer, commercial, and ag lending. Closely comparable footprint and product mix to Farmers Bank, including multi-generational customer relationships in similar rural markets.
• First Kentucky Bank: Western Kentucky community bank offering consumer and commercial banking including ag lending. Comparable scale and rural Kentucky focus with similar relationship-based commercial lending model.

Broad incumbents

• U.S. Bank: Large national bank with significant branch presence in Kentucky competing for the same consumer and small business deposits. Comparable consumer and small business product offering but operates at massive scale; relevant as the incumbent competitor community banks must defend against.
• First Financial Bank: Midwest regional bank with strong community banking presence across Ohio, Indiana, and Kentucky including ag lending. Comparable product offering and ag expertise but with much broader geographic footprint and balance sheet.
• German American Bank: Indiana-headquartered regional bank with significant ag lending portfolio and community banking model across the Midwest. Comparable ag specialization and community-bank ethos, though substantially larger and operating across multiple states.

Regional players

• Civista Bank: Ohio and Indiana community bank with agricultural and small business lending specialization. Comparable community-bank business model focused on rural and small-town markets; relevant as a Midwest ag-lending peer though not in Kentucky geography.
• Stock Yards Bank & Trust: Kentucky-headquartered community bank with broader Kentucky and Indiana footprint. Comparable community-bank model and product offering, but operates at larger scale across multiple metro and rural markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/FarmersBank1
• Facebookfacebook.com/farmersbk
• Instagraminstagram.com/farmersbank1
• Pinterestpinterest.com/yourNXTbank

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Farmers Bank and Trust