Farm Bureau Bank FSB

Headquarters

2165 Green Vista Drive
Sparks, NV 89431
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Farm Bureau Bank FSB is an FDIC insured institution located in Sparks, NV. It was founded in 1999 and has approximately $0.79 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 35157
Date Established 1999
Assets $ 785.04 million
Loans $ 638.37 million
Deposits $ 683.27 million
Capital $ 82.35 million
 

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

Deposit Rates - October 21, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - October 21, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Farm Bureau Bank FSB

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




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

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Payment
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AimLoan.com
NMLS ID: 2890
License#: 13256
2.569% 2.500% 0.88 $2,258 $988 Learn More
Rocket Mortgage
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

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People's United Bank, N.A.
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4.000 %
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Third Federal Savings and Loans
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2.240 %
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Note to Farm Bureau Bank FSB
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Branches

Farm Bureau Bank FSB 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:
Fairfield,Connecticut


Farm Bureau Bank FSB Locations


Financial Details

Farm Bureau Bank FSB Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Farm Bureau Bank FSB. 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
Farm Bureau Bank FSB U.S. Bank Average
4.87% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Farm Bureau Bank FSB had $4,440,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $82,351,000 in equity and $8,826,000 in loans loss reserves. That gives it a Texas Ratio of 4.87%.

Return on Equity
Farm Bureau Bank FSB U.S. Bank Average
-1.18% 7.80%

Farm Bureau Bank FSB has a Return on Equity of -1.18% versus the BestCashCow average of 7.80%. 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
Farm Bureau Bank FSB U.S. Bank Average
10.49% 12.68%

Farm Bureau Bank FSB has a Capitalization of 10.49% versus the BestCashCow average of 12.68. 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.

Farm Bureau Bank FSB Balance Sheet Analysis

As of March 31, 2020, Farm Bureau Bank FSB had assets of $785,037,000, loans of $638,369,000, and deposits of $683,272,000. 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.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 91.60 million
Interest-bearing balances $ 90.06 million
Total securities $ 38.00 million
Federal funds sold and reverse repurchase $ 0.12 million
Net loans and leases $ 638.37 million
Loan loss allowance $ 8.83 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.32 million
All other assets $ 12.35 million
     Total Assets $ 702.69 million
LIABILITIES
Total deposits $ 683.27 million
      Interest-bearing deposits $ 661.61 million
      Deposits held in domestic offices $ 683.27 million
      % insured (estimated) 86.31%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 19.41 million
      Total Liabilities $ 702.69 million
      Shareholders’ Equity $ 82.35 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 11.39 million
Total Interest Expense $ 3.03 million
Net interest income $ 8.35 million
Provision for loan and lease losses $ 2.29 million
Total non interest income $ 0.81 million
Total non interest expense $ 7.20 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Farm Bureau Bank FSB’s loan portfolio are Consumer Auto Loans, Credit Card Loans, and Farm Loans.

Compared to other banks in Nevada, Farm Bureau Bank FSB has a significantly higher percent of Consumer Auto Loans, Farm Loans on its balance sheet, potentially indicating a specialty in that lending area.

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 0.11
Multifamily
Mortgages
0.00
Credit Card Loans 20.01
Consumer Auto Loans 50.49
Small Business Loans 0.00
Construction and Development Loans 0.09
Commercial Real Estate 0.43
Commercial and Industrial Loans 8.05
Farm Loans 11.08

Frequently Asked Questions About Farm Bureau Bank Fsb

Branches and Savings

Is Farm Bureau Bank Fsb FDIC insured?

Yes. It is covered under FDIC Certificate #35157.

Why does Farm Bureau Bank Fsb pay such low interest on savings accounts?

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

Why are Farm Bureau Bank Fsb CD rates not competitive?

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

Is Farm Bureau Bank Fsb a commercial bank?

Yes

Where are Farm Bureau Bank Fsb locations?

See branch locations nearby.

Is Farm Bureau Bank Fsb open on Saturdays?

Is Farm Bureau Bank Fsb open on Sundays?

What time does Farm Bureau Bank Fsb open?

What time does Farm Bureau Bank Fsb close?

Are Farm Bureau Bank Fsb ATMs Open 24/7?

Do Farm Bureau Bank Fsb ATMs accept cash deposits?

Can Farm Bureau Bank Fsb customers use other ATMs?

Do Farm Bureau Bank Fsb branches have notaries?

Will Farm Bureau Bank Fsb notarize my document?

What address for Farm Bureau Bank Fsb should I put for incoming ACH transfers?

Will the Farm Bureau Bank Fsb branch print checks?

Do Farm Bureau Bank Fsb checks expire?

Does Farm Bureau Bank Fsb require US citizenship to open account?

Can Farm Bureau Bank Fsb close my account?

Does Farm Bureau Bank Fsb Report to credit bureaus?

Does Farm Bureau Bank Fsb Use Equifax?

What is Farm Bureau Bank Fsb's ACH Routing Number?

What is Farm Bureau Bank Fsb's SWIFT code?

Products

Does Farm Bureau Bank Fsb offer mortgages?

Compare mortgage rates here.

Does Farm Bureau Bank Fsb offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Farm Bureau Bank Fsb offer personal loans?

Compare personal loan rates here.

Does Farm Bureau Bank Fsb offer student loans?

Will Farm Bureau Bank Fsb cash a check?

Will Farm Bureau Bank Fsb redeem a savings bond?

Does Farm Bureau Bank Fsb cash savings bonds?

Will Farm Bureau Bank Fsb cash money orders?

Can Farm Bureau Bank Fsb issue a money order?

Does Farm Bureau Bank Fsb do currency exchange?

Background on The Bank

Who owns Farm Bureau Bank Fsb?

How long has Farm Bureau Bank Fsb been around?

Can Farm Bureau Bank Fsb transfer to other banks?

Does Farm Bureau Bank Fsb have quick pay?

Does Farm Bureau Bank Fsb accept rolled coins?

Will Farm Bureau Bank Fsb accept loose change?

Where is Farm Bureau Bank Fsb headquarters?

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