farmbank

Headquarters

1 S Lincoln St
Green City, MO 63545
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.80% →
2-Year CD N.A. 0.80% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

farmbank is an FDIC insured institution located in Green City, MO. It was founded in 1943 and has approximately $0.07 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 16103
Date Established 1943
Assets $ 69.89 million
Loans $ 44.21 million
Deposits $ 57.76 million
Capital $ 5.38 million
 

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

Deposit Rates - September 23, 2021

Your Current Location: Connecticut, CT 06828

 

Loan Rates - September 23, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for farmbank

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 2021

Lender APR Rate (%) Monthly
Payment
Learn More
Morty, Inc.
NMLS ID: 1429243
2.654% 2.625%
0.38 points
$960 fees
$1,005 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
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BMO Harris Bank
BMO Harris Bank
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Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
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Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
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Note to farmbank
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Branches

farmbank 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


farmbank Locations


Financial Details

farmbank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of farmbank. 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
farmbank U.S. Bank Average
7.23% 5.29%

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, 2021, farmbank had $427,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $5,383,000 in equity and $519,000 in loans loss reserves. That gives it a Texas Ratio of 7.23%.

Return on Equity
farmbank U.S. Bank Average
0.88% 11.43%

farmbank has a Return on Equity of 0.88% versus the BestCashCow average of 11.43%. 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
farmbank U.S. Bank Average
7.7% 11.51%

farmbank has a Capitalization of 7.7% versus the BestCashCow average of 11.51. 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.

farmbank Balance Sheet Analysis

As of March 31, 2021, farmbank had assets of $69,889,000, loans of $44,212,000, and deposits of $57,763,000. 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, 2021
ASSETS
Cash & Balances due from depository institutions $ 7.45 million
Interest-bearing balances $ 6.43 million
Total securities $ 12.74 million
Federal funds sold and reverse repurchase $ 1.17 million
Net loans and leases $ 44.21 million
Loan loss allowance $ 0.52 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 1.63 million
     Total Assets $ 64.51 million
LIABILITIES
Total deposits $ 57.76 million
      Interest-bearing deposits $ 48.93 million
      Deposits held in domestic offices $ 57.76 million
      % insured (estimated) 90.12%
Federal funds purchased and repurchase agreements $ 2.00 million
Trading liabilities N.A.
Other borrowed funds $ 4.31 million
Subordinated debt N.A.
All other liabilities $ 0.44 million
      Total Liabilities $ 64.51 million
      Shareholders’ Equity $ 5.38 million

Summary Income Statement

March 31, 2021
INCOME AND EXPENSES
Total Interest Income $ 0.66 million
Total Interest Expense $ 0.16 million
Net interest income $ 0.51 million
Provision for loan and lease losses $ 0.04 million
Total non interest income $ 0.03 million
Total non interest expense $ 0.49 million
Pre-tax Net Operating Income $ 0.01 million

Bank Loan Profile?

The top three loan types in farmbank’s loan portfolio are Commercial and Industrial Loans, Farm Loans, and 1-4 Family Residential Loans.

Compared to other banks in Missouri, farmbank has a significantly higher percent of 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 19.59
Multifamily
Mortgages
0.11
Credit Card Loans 0.00
Consumer Auto Loans 3.28
Small Business Loans 0.00
Construction and Development Loans 2.15
Commercial Real Estate 7.17
Commercial and Industrial Loans 24.63
Farm Loans 22.11

Frequently Asked Questions About Farmbank

Branches and Savings

Is Farmbank FDIC insured?

Yes. It is covered under FDIC Certificate #16103.

Why does Farmbank pay such low interest on savings accounts?

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

Why are Farmbank CD rates not competitive?

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

Is Farmbank a commercial bank?

Yes

Where are Farmbank locations?

See branch locations nearby.

Is Farmbank open on Saturdays?

Is Farmbank open on Sundays?

What time does Farmbank open?

What time does Farmbank close?

Are Farmbank ATMs Open 24/7?

Do Farmbank ATMs accept cash deposits?

Can Farmbank customers use other ATMs?

Do Farmbank branches have notaries?

Will Farmbank notarize my document?

What address for Farmbank should I put for incoming ACH transfers?

Will the Farmbank branch print checks?

Do Farmbank checks expire?

Does Farmbank require US citizenship to open account?

Can Farmbank close my account?

Does Farmbank Report to credit bureaus?

Does Farmbank Use Equifax?

What is Farmbank's ACH Routing Number?

What is Farmbank's SWIFT code?

Products

Does Farmbank offer mortgages?

Compare mortgage rates here.

Does Farmbank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Farmbank offer personal loans?

Compare personal loan rates here.

Does Farmbank offer student loans?

Will Farmbank cash a check?

Will Farmbank redeem a savings bond?

Does Farmbank cash savings bonds?

Will Farmbank cash money orders?

Can Farmbank issue a money order?

Does Farmbank do currency exchange?

Background on The Bank

Who owns Farmbank?

How long has Farmbank been around?

Can Farmbank transfer to other banks?

Does Farmbank have quick pay?

Does Farmbank accept rolled coins?

Will Farmbank accept loose change?

Where is Farmbank headquarters?

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