Farmers Deposit Bank of Middleburg, Inc.

Headquarters

2959 Shorttown Road
Middleburg, KY 42541
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.07% 1.05% →
1-Year CD 0.15% 0.95% →
2-Year CD 0.25% 1.05% →
5-Year CD 0.50% 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

Farmers Deposit Bank of Middleburg, Inc. is an FDIC insured institution located in Middleburg, KY. It was founded in 1904 and has approximately $0.04 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 10514
Date Established 1904
Assets $ 44.83 million
Loans $ 32.14 million
Deposits $ 38.77 million
Capital $ 5.80 million
 

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

Deposit Rates - September 18, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.07% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.12% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.10% $10,000 $14,999 Learn More
3 Mo CD
0.10% $100,000 $199,999 Learn More
6 Mo CD
0.10% $10,000 $14,999 Learn More
6 Mo CD
0.10% $100,000 $199,999 Learn More
12 Mo CD
0.15% $10,000 $14,999 Learn More
12 Mo CD
0.15% $100,000 $199,999 Learn More
18 Mo CD
0.20% $10,000 $14,999 Learn More
18 Mo CD
0.20% $100,000 $199,999 Learn More
24 Mo CD
0.25% $10,000 $14,999 Learn More
24 Mo CD
0.25% $100,000 $199,999 Learn More
36 Mo CD
0.25% $10,000 $14,999 Learn More
36 Mo CD
0.25% $100,000 $199,999 Learn More
48 Mo CD
0.50% $10,000 $14,999 Learn More
48 Mo CD
0.50% $100,000 $199,999 Learn More
60 Mo CD
0.50% $10,000 $14,999 Learn More
60 Mo CD
0.50% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.03% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 18, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Farmers Deposit Bank of Middleburg, Inc.

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

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,118 $1,021 Learn More

Featured - Connecticut 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
2.990 %
$0 Learn More
More Info

Note to Farmers Deposit Bank of Middleburg, Inc.
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Branches

Farmers Deposit Bank of Middleburg, Inc. 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 Deposit Bank of Middleburg, Inc. Locations


Financial Details

Farmers Deposit Bank of Middleburg, Inc. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Farmers Deposit Bank of Middleburg, Inc.. 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 of Middleburg, Inc. U.S. Bank Average
9.31% 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 of Middleburg, Inc. had $567,000 in non-current loans and $21,000 in owned real estate. To cover these potential losses it had $5,804,000 in equity and $514,000 in loans loss reserves. That gives it a Texas Ratio of 9.31%.

Return on Equity
Farmers Deposit Bank of Middleburg, Inc. U.S. Bank Average
9.81% 7.80%

Farmers Deposit Bank of Middleburg, Inc. has a Return on Equity of 9.81% 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 of Middleburg, Inc. U.S. Bank Average
12.95% 12.68%

Farmers Deposit Bank of Middleburg, Inc. has a Capitalization of 12.95% 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 of Middleburg, Inc. Balance Sheet Analysis

As of December 31, 2019, Farmers Deposit Bank of Middleburg, Inc. had assets of $44,694,000, loans of $32,136,000, and deposits of $38,772,000. 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 $ 5.38 million
Interest-bearing balances $ 4.13 million
Total securities $ 1.00 million
Federal funds sold and reverse repurchase $ 1.93 million
Net loans and leases $ 32.14 million
Loan loss allowance $ 0.51 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.02 million
Goodwill and other intangibles $ 1.17 million
All other assets $ 1.61 million
     Total Assets $ 38.89 million
LIABILITIES
Total deposits $ 38.77 million
      Interest-bearing deposits $ 31.64 million
      Deposits held in domestic offices $ 38.77 million
      % insured (estimated) 98.38%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.12 million
      Total Liabilities $ 38.89 million
      Shareholders’ Equity $ 5.94 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 2.31 million
Total Interest Expense $ 0.20 million
Net interest income $ 2.12 million
Provision for loan and lease losses $ 0.07 million
Total non interest income $ 0.44 million
Total non interest expense $ 1.89 million
Pre-tax Net Operating Income $ 0.60 million

Bank Loan Profile?

The top three loan types in Farmers Deposit Bank of Middleburg, Inc.’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Kentucky, Farmers Deposit Bank of Middleburg, Inc. has a significantly higher percent of Small Business 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 34.26
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 4.69
Small Business Loans 26.30
Construction and Development Loans 5.81
Commercial Real Estate 27.26
Commercial and Industrial Loans 13.42
Farm Loans 0.35

Frequently Asked Questions About Farmers Deposit Bank Of Middleburg, Inc.

Branches and Savings

Is Farmers Deposit Bank Of Middleburg, Inc. FDIC insured?

Yes. It is covered under FDIC Certificate #10514.

Why does Farmers Deposit Bank Of Middleburg, Inc. 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 Of Middleburg, Inc. CD rates not competitive?

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

Is Farmers Deposit Bank Of Middleburg, Inc. a commercial bank?

Yes

Where are Farmers Deposit Bank Of Middleburg, Inc. locations?

See branch locations nearby.

Is Farmers Deposit Bank Of Middleburg, Inc. open on Saturdays?

Is Farmers Deposit Bank Of Middleburg, Inc. open on Sundays?

What time does Farmers Deposit Bank Of Middleburg, Inc. open?

What time does Farmers Deposit Bank Of Middleburg, Inc. close?

Are Farmers Deposit Bank Of Middleburg, Inc. ATMs Open 24/7?

Do Farmers Deposit Bank Of Middleburg, Inc. ATMs accept cash deposits?

Can Farmers Deposit Bank Of Middleburg, Inc. customers use other ATMs?

Do Farmers Deposit Bank Of Middleburg, Inc. branches have notaries?

Will Farmers Deposit Bank Of Middleburg, Inc. notarize my document?

What address for Farmers Deposit Bank Of Middleburg, Inc. should I put for incoming ACH transfers?

Will the Farmers Deposit Bank Of Middleburg, Inc. branch print checks?

Do Farmers Deposit Bank Of Middleburg, Inc. checks expire?

Does Farmers Deposit Bank Of Middleburg, Inc. require US citizenship to open account?

Can Farmers Deposit Bank Of Middleburg, Inc. close my account?

Does Farmers Deposit Bank Of Middleburg, Inc. Report to credit bureaus?

Does Farmers Deposit Bank Of Middleburg, Inc. Use Equifax?

What is Farmers Deposit Bank Of Middleburg, Inc.'s ACH Routing Number?

What is Farmers Deposit Bank Of Middleburg, Inc.'s SWIFT code?

Products

Does Farmers Deposit Bank Of Middleburg, Inc. offer mortgages?

Compare mortgage rates here.

Does Farmers Deposit Bank Of Middleburg, Inc. offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Farmers Deposit Bank Of Middleburg, Inc. offer personal loans?

Compare personal loan rates here.

Does Farmers Deposit Bank Of Middleburg, Inc. offer student loans?

Will Farmers Deposit Bank Of Middleburg, Inc. cash a check?

Will Farmers Deposit Bank Of Middleburg, Inc. redeem a savings bond?

Does Farmers Deposit Bank Of Middleburg, Inc. cash savings bonds?

Will Farmers Deposit Bank Of Middleburg, Inc. cash money orders?

Can Farmers Deposit Bank Of Middleburg, Inc. issue a money order?

Does Farmers Deposit Bank Of Middleburg, Inc. do currency exchange?

Background on The Bank

Who owns Farmers Deposit Bank Of Middleburg, Inc.?

How long has Farmers Deposit Bank Of Middleburg, Inc. been around?

Can Farmers Deposit Bank Of Middleburg, Inc. transfer to other banks?

Does Farmers Deposit Bank Of Middleburg, Inc. have quick pay?

Does Farmers Deposit Bank Of Middleburg, Inc. accept rolled coins?

Will Farmers Deposit Bank Of Middleburg, Inc. accept loose change?

Where is Farmers Deposit Bank Of Middleburg, Inc. headquarters?

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