Farmers Deposit Bank

Headquarters

101 East Pike Street
Cynthiana, KY 41031
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.91% →
1-Year CD N.A. 0.85% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.61% →
15-Year Mortgage N.A. 2.31% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Farmers Deposit Bank is an FDIC insured institution located in Cynthiana, KY. It was founded in 1866 and has approximately $0.11 billion in assets. Customers can open an account at one of its 5 branches.

FDIC Insured Yes
FDIC Certificate # 266
Date Established 1866
Assets $ 113.99 million
Loans $ 59.39 million
Deposits $ 89.87 million
Capital $ 17.56 million
 

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

Deposit Rates - December 2, 2020

Your Current Location: Virginia, VA 20146

 

Loan Rates - December 2, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Farmers Deposit Bank

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.560% 2.500% 0.75 $1,980 $988 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to Farmers Deposit Bank
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Branches

Farmers Deposit 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:
Ashburn,Virginia


Farmers Deposit Bank Locations


Financial Details

Farmers Deposit Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Farmers Deposit 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 Deposit Bank U.S. Bank Average
19.67% 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, Farmers Deposit Bank had $828,000 in non-current loans and $2,768,000 in owned real estate. To cover these potential losses it had $17,562,000 in equity and $723,000 in loans loss reserves. That gives it a Texas Ratio of 19.67%.

Return on Equity
Farmers Deposit Bank U.S. Bank Average
3.21% 7.80%

Farmers Deposit Bank has a Return on Equity of 3.21% 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
Farmers Deposit Bank U.S. Bank Average
15.41% 12.68%

Farmers Deposit Bank has a Capitalization of 15.41% 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.

Farmers Deposit Bank Balance Sheet Analysis

As of September 30, 2018, Farmers Deposit Bank had assets of $113,987,000, loans of $59,388,000, and deposits of $89,869,000. 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 $ 3.24 million
Interest-bearing balances $ 0.44 million
Total securities $ 44.20 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 59.39 million
Loan loss allowance $ 0.72 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 2.77 million
Goodwill and other intangibles N.A.
All other assets $ 2.75 million
     Total Assets $ 96.43 million
LIABILITIES
Total deposits $ 89.87 million
      Interest-bearing deposits $ 58.27 million
      Deposits held in domestic offices $ 89.87 million
      % insured (estimated) 94.07%
Federal funds purchased and repurchase agreements $ 0.74 million
Trading liabilities N.A.
Other borrowed funds $ 5.34 million
Subordinated debt N.A.
All other liabilities $ 0.48 million
      Total Liabilities $ 96.43 million
      Shareholders’ Equity $ 17.56 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 3.21 million
Total Interest Expense $ 0.27 million
Net interest income $ 2.95 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.90 million
Total non interest expense $ 3.43 million
Pre-tax Net Operating Income $ 0.41 million

Bank Loan Profile?

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

Compared to other banks in Kentucky, Farmers Deposit Bank has a significantly higher percent of Commercial and Industrial 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 37.21
Multifamily
Mortgages
1.11
Credit Card Loans 0.00
Consumer Auto Loans 1.29
Small Business Loans 0.00
Construction and Development Loans 2.25
Commercial Real Estate 9.94
Commercial and Industrial Loans 23.72
Farm Loans 13.67

Frequently Asked Questions About Farmers Deposit Bank

Branches and Savings

Is Farmers Deposit Bank FDIC insured?

Yes. It is covered under FDIC Certificate #266.

Why does Farmers Deposit 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 Deposit Bank CD rates not competitive?

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

Is Farmers Deposit Bank a commercial bank?

Yes

Where are Farmers Deposit Bank locations?

See branch locations nearby.

Is Farmers Deposit Bank open on Saturdays?

Is Farmers Deposit Bank open on Sundays?

What time does Farmers Deposit Bank open?

What time does Farmers Deposit Bank close?

Are Farmers Deposit Bank ATMs Open 24/7?

Do Farmers Deposit Bank ATMs accept cash deposits?

Can Farmers Deposit Bank customers use other ATMs?

Do Farmers Deposit Bank branches have notaries?

Will Farmers Deposit Bank notarize my document?

What address for Farmers Deposit Bank should I put for incoming ACH transfers?

Will the Farmers Deposit Bank branch print checks?

Do Farmers Deposit Bank checks expire?

Does Farmers Deposit Bank require US citizenship to open account?

Can Farmers Deposit Bank close my account?

Does Farmers Deposit Bank Report to credit bureaus?

Does Farmers Deposit Bank Use Equifax?

What is Farmers Deposit Bank's ACH Routing Number?

What is Farmers Deposit Bank's SWIFT code?

Products

Does Farmers Deposit Bank offer mortgages?

Compare mortgage rates here.

Does Farmers Deposit Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Farmers Deposit Bank offer personal loans?

Compare personal loan rates here.

Does Farmers Deposit Bank offer student loans?

Will Farmers Deposit Bank cash a check?

Will Farmers Deposit Bank redeem a savings bond?

Does Farmers Deposit Bank cash savings bonds?

Will Farmers Deposit Bank cash money orders?

Can Farmers Deposit Bank issue a money order?

Does Farmers Deposit Bank do currency exchange?

Background on The Bank

Who owns Farmers Deposit Bank?

How long has Farmers Deposit Bank been around?

Can Farmers Deposit Bank transfer to other banks?

Does Farmers Deposit Bank have quick pay?

Does Farmers Deposit Bank accept rolled coins?

Will Farmers Deposit Bank accept loose change?

Where is Farmers Deposit Bank headquarters?

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