Farmers Bank of Lynchburg Lynchburg Tennessee

How does for ever sound, break out the J.D.

Farmers Bank of Lynchburg, Lynchburg Tennessee was founded in 1890.  The company is on  the under capitalized bank list.  They might as well slap them on the insolvent bank list.

Assets are $202MM, with equity of $21MM.

The problem loan portfolio is $8MM.

Net income was ($6MM) in FY10.  They lost another $163k in Q1 2011.

In FY10, net income was $7MM and the overhead was $10MM.  This place loses money, just opening the door.  Do you think they may want to fix the operating leverage?

The way this place is going, they might as well close the thing and head over to the J.D. plant.

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