CONVERSE, Ind., Aug. 1, 2012 /PRNewswire/ -- First Farmers Financial Corporation released its June 30, 2012 report of financial performance. The Company reported record earnings of $6.13 million for the six months ended June 30, an increase of 18.1% over the same period in 2011. The Company's return on average assets was 1.24% for the first half of 2012 while return on average equity was 15.49%. As of June 30, 2012 total equity surpassed $80 million, an increase of 14.3% from June 30, 2011, while total assets increased to $1.1 billion reflecting the successful acquisition of First Citizens of Paris, former holding company of Citizens National Bank, completed May 1, 2012. Earnings per share for the Company for the first 6 months of the year were $3.46 with dividends paid of $0.68 for the same period.
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First Farmers Financial Corporation is the holding company of First Farmers Bank & Trust Co., a $1.1 billion asset bank based in Converse, Indiana operating 24 banking locations in Indiana and Illinois.
SOURCE First Farmers Financial Corporation
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