Farmers and Traders Savings Bank

Headquarters

14155 Hwy 98
Douds, IA 52551
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.70% →
2-Year CD N.A. 0.75% →
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

Farmers and Traders Savings Bank is an FDIC insured institution located in Douds, IA. It was founded in 1910 and has approximately $0.02 billion in assets.

FDIC Insured Yes
FDIC Certificate # 10896
Date Established 1910
Assets $ 20.77 million
Loans $ 14.69 million
Deposits $ 17.70 million
Capital $ 2.22 million
 

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

Deposit Rates - September 19, 2021

Your Current Location: Connecticut, CT 06828

 

Loan Rates - September 19, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Farmers and Traders Savings Bank

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
2.575% 2.500%
1.00 points
$2,468 fees
$988 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
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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
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2.240 %
$0 Learn More
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Note to Farmers and Traders Savings Bank
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Branches

Farmers and Traders Savings Bank 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


Farmers and Traders Savings Bank Locations


Financial Details

Farmers and Traders Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Farmers and Traders Savings Bank. 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
Farmers and Traders Savings Bank U.S. Bank Average
26.41% 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, Farmers and Traders Savings Bank had $499,000 in non-current loans and $116,000 in owned real estate. To cover these potential losses it had $2,223,000 in equity and $106,000 in loans loss reserves. That gives it a Texas Ratio of 26.41%.

Return on Equity
Farmers and Traders Savings Bank U.S. Bank Average
4.16% 11.43%

Farmers and Traders Savings Bank has a Return on Equity of 4.16% 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
Farmers and Traders Savings Bank U.S. Bank Average
10.71% 11.51%

Farmers and Traders Savings Bank has a Capitalization of 10.71% 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.

Farmers and Traders Savings Bank Balance Sheet Analysis

As of June 30, 2019, Farmers and Traders Savings Bank had assets of $19,995,000, loans of $14,694,000, and deposits of $17,704,000. 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 $ 2.41 million
Interest-bearing balances $ 0.50 million
Total securities N.A.
Federal funds sold and reverse repurchase $ 2.60 million
Net loans and leases $ 14.69 million
Loan loss allowance $ 0.11 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.12 million
Goodwill and other intangibles N.A.
All other assets $ 0.13 million
     Total Assets $ 17.77 million
LIABILITIES
Total deposits $ 17.70 million
      Interest-bearing deposits $ 16.43 million
      Deposits held in domestic offices $ 17.70 million
      % insured (estimated) 88.86%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.07 million
      Total Liabilities $ 17.77 million
      Shareholders’ Equity $ 2.99 million

Summary Income Statement

March 31, 2021
INCOME AND EXPENSES
Total Interest Income $ 0.40 million
Total Interest Expense $ 0.09 million
Net interest income $ 0.31 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.01 million
Total non interest expense $ 0.29 million
Pre-tax Net Operating Income $ 0.03 million

Bank Loan Profile?

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

Compared to other banks in Iowa, Farmers and Traders Savings Bank has a significantly higher percent of 1-4 Family Residential 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 46.64
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 2.44
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 6.61
Farm Loans 12.01

Frequently Asked Questions About Farmers And Traders Savings Bank

Branches and Savings

Is Farmers And Traders Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #10896.

Why does Farmers And Traders Savings Bank pay such low interest on savings accounts?

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

Why are Farmers And Traders Savings Bank CD rates not competitive?

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

Is Farmers And Traders Savings Bank a commercial bank?

Yes

Where are Farmers And Traders Savings Bank locations?

See branch locations nearby.

Is Farmers And Traders Savings Bank open on Saturdays?

Is Farmers And Traders Savings Bank open on Sundays?

What time does Farmers And Traders Savings Bank open?

What time does Farmers And Traders Savings Bank close?

Are Farmers And Traders Savings Bank ATMs Open 24/7?

Do Farmers And Traders Savings Bank ATMs accept cash deposits?

Can Farmers And Traders Savings Bank customers use other ATMs?

Do Farmers And Traders Savings Bank branches have notaries?

Will Farmers And Traders Savings Bank notarize my document?

What address for Farmers And Traders Savings Bank should I put for incoming ACH transfers?

Will the Farmers And Traders Savings Bank branch print checks?

Do Farmers And Traders Savings Bank checks expire?

Does Farmers And Traders Savings Bank require US citizenship to open account?

Can Farmers And Traders Savings Bank close my account?

Does Farmers And Traders Savings Bank Report to credit bureaus?

Does Farmers And Traders Savings Bank Use Equifax?

What is Farmers And Traders Savings Bank's ACH Routing Number?

What is Farmers And Traders Savings Bank's SWIFT code?

Products

Does Farmers And Traders Savings Bank offer mortgages?

Compare mortgage rates here.

Does Farmers And Traders Savings Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Farmers And Traders Savings Bank offer personal loans?

Compare personal loan rates here.

Does Farmers And Traders Savings Bank offer student loans?

Will Farmers And Traders Savings Bank cash a check?

Will Farmers And Traders Savings Bank redeem a savings bond?

Does Farmers And Traders Savings Bank cash savings bonds?

Will Farmers And Traders Savings Bank cash money orders?

Can Farmers And Traders Savings Bank issue a money order?

Does Farmers And Traders Savings Bank do currency exchange?

Background on The Bank

Who owns Farmers And Traders Savings Bank?

How long has Farmers And Traders Savings Bank been around?

Can Farmers And Traders Savings Bank transfer to other banks?

Does Farmers And Traders Savings Bank have quick pay?

Does Farmers And Traders Savings Bank accept rolled coins?

Will Farmers And Traders Savings Bank accept loose change?

Where is Farmers And Traders Savings Bank headquarters?

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