Bank of Farmington

16 North Main Street
Farmington, IL 61531

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 11732
Date Established 1903
Assets $0.15 billion
Loans $0.11 billion
Deposits $0.13 billion
Capital $0.02 billion

Bank of Farmington is an FDIC insured institution located in Farmington, IL. It was founded in 1903 and has approximately $0.15 billion in assets. Customers can open an account at one of its 2 branches.

For a more detailed analysis of Bank of Farmington's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in Bank of Farmington’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks, Bank of Farmington’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 23.73
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 3.45
Small Business Loans 12.03
Construction and Development Loans 3.21
Commercial Real Estate 16.89
Commercial and Industrial Loans 12.67
Farm Loans 9.24

Deposit Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
6 Mo CD 10K
0.55% $1,000 - Learn MoreShow Less
Savings Rates APY MIN MAX
Variable IRA Rates APY MIN MAX
Var IRA 0K
1.10% $1,000 - Learn MoreShow Less
MM Rates APY MIN MAX
MM 2.5K
0.10% $1,000 $9,999 Learn MoreShow Less
MM 10K
0.15% $10,000 $49,999 Learn MoreShow Less
PREMM Rates APY MIN MAX
Premium MM 10K
0.60% $5,000 $24,999 Learn MoreShow Less
Premium MM 25K
0.65% $25,000 $99,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.05% $1,000 $9,999 Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Bank of Farmington

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Poli Mortgage Group Inc
NMLS ID: 1979
License#: MC-5501
3.875% 3.875% 0.00 $0 $1,176 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More

Note to Bank of Farmington
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Branches

Bank of Farmington branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Bank of Farmington Locations

Financial Details

Bank of Farmington Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Farmington. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Bank of Farmington U.S. Bank Average
0.79% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, Bank of Farmington had $151,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $18,134,000 in equity and $863,000 in loans loss reserves. That gives it a Texas Ratio of 0.79%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Bank of Farmington U.S. Bank Average
6.55% 8.58

Bank of Farmington has a Return on Equity of 6.55% versus the BestCashCow average of 8.58. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Bank of Farmington U.S. Bank Average
11.94% 12.11

Bank of Farmington has a Capitalization of 11.94% versus the BestCashCow average of 12.11. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Bank of Farmington Balance Sheet Analysis

As of June 30, 2017, Bank of Farmington had assets of $151,852,000, loans of $108,496,000, and deposits of $131,066,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Frequently Asked Questions About Bank of Farmington

Branches and Savings

Is Bank of Farmington FDIC insured?

Yes. It is covered under FDIC Certificate #11732.

Why does Bank of Farmington pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Bank of Farmington CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Bank of Farmington a commercial bank?

Yes

Where are Bank of Farmington locations?

See branch locations nearby.

Is Bank of Farmington open on Saturdays?

Is Bank of Farmington open on Sundays?

What time does Bank of Farmington open?

What time does Bank of Farmington close?

Are Bank of Farmington ATMs Open 24/7?

Do Bank of Farmington ATMs accept cash deposits?

Can Bank of Farmington customers use other ATMs?

Do Bank of Farmington branches have notaries?

Will Bank of Farmington notarize my document?

What address for Bank of Farmington should I put for incoming ACH transfers?

Will the Bank of Farmington branch print checks?

Do Bank of Farmington checks expire?

Does Bank of Farmington require US citizenship to open account?

Can Bank of Farmington close my account?

Does Bank of Farmington Report to credit bureaus?

Does Bank of Farmington Use Equifax?

What is Bank of Farmington's ACH Routing Number?

What is Bank of Farmington's SWIFT code?

Products

Does Bank of Farmington offer mortgages?

Compare mortgage rates here.

Does Bank of Farmington offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank of Farmington offer personal loans?

Compare personal loan rates here.

Does Bank of Farmington offer student loans?

Will Bank of Farmington cash a check?

Will Bank of Farmington redeem a savings bond?

Does Bank of Farmington cash savings bonds?

Will Bank of Farmington cash money orders?

Can Bank of Farmington issue a money order?

Does Bank of Farmington do currency exchange?

Background on The Bank

Who owns Bank of Farmington?

How long has Bank of Farmington been around?

Can Bank of Farmington transfer to other banks?

Does Bank of Farmington have quick pay?

Does Bank of Farmington accept rolled coins?

Will Bank of Farmington accept loose change?

Where is Bank of Farmington headquarters?

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