First Farmers Financial (First Farmers Financial) Total Assets : $3,119.5 Mil (As of Mar. 2024)

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What is First Farmers Financial Total Assets?

First Farmers Financial's Total Assets for the quarter that ended in Mar. 2024 was $3,119.5 Mil.

Warning Sign:

If a company builds assets at 12% a year, faster than its revenue growth rate of 8.6% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, First Farmers Financial's average Total Assets Growth Rate was 9.10% per year. During the past 3 years, the average Total Assets Growth Rate was 13.40% per year. During the past 5 years, the average Total Assets Growth Rate was 12.00% per year.

During the past 10 years, First Farmers Financial's highest 3-Year average Total Assets Growth Rate was 13.70%. The lowest was 6.00%. And the median was 7.80%.

Total Assets is connected with ROA %. First Farmers Financial's annualized ROA % for the quarter that ended in Mar. 2024 was 1.36%. Total Assets is also linked to Revenue through Asset Turnover. First Farmers Financial's Asset Turnover for the quarter that ended in Mar. 2024 was 0.01.

First Farmers Financial Total Assets Historical Data

The historical data trend for First Farmers Financial's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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First Farmers Financial Total Assets Chart

First Farmers Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1,915.76

2,213.76

2,439.00

2,748.53

3,006.14

First Farmers Financial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															2,815.06	2,856.78	2,967.47	3,006.14	3,119.49

First Farmers Financial Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

First Farmers Financial's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	259.603	+	2746.539
	=	3,006.1

First Farmers Financial's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	262.643	+	2856.846
	=	3,119.5

First Farmers Financial (OTCPK:FFMR) Total Assets Explanation

Total Assets is connected with ROA %.

First Farmers Financial's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	41.636	/	( (3006.142	+	3119.489)	/ 2 )
	=	41.636	/	3062.8155
	=	1.36 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

First Farmers Financial's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	30.552	/	( (3006.142	+	3119.489)	/ 2 )
=	30.552	/	3062.8155
=	0.01

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

First Farmers Financial Total Assets Related Terms

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First Farmers Financial (First Farmers Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Farmers Financial Corp (OTCPK:FFMR) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

123 North Jefferson Street, Converse, IN, USA, 46919

Website

https://www.ffbt.com

First Farmers Financial Corp and its subsidiaries operate in the banking industry. The bank categorized its services into personal, business, borrowing, and investment divisions. Its products and services include deposits, retirement and health saving accounts, consumer loans, home equity, and account management and leasing. The bank makes commercial, installment and mortgage loans to and receives deposits from customers through its offices located in the Indiana counties of Carroll, Cass, Clay, Grant, Hamilton, Howard, Huntington, Madison, Marshall, Miami, Starke, Sullivan, Tippecanoe, Tipton, Vigo, and Wabash; and Illinois counties of Coles, Edgar, and Vermilion.