Farmers Savings Bank


345 Highway 151 W
Walford, IA 52351
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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

Farmers Savings Bank is an FDIC insured institution located in Walford, IA. It was founded in 1902 and has approximately $0.05 billion in assets.

FDIC Insured Yes
FDIC Certificate # 13655
Date Established 1902
Assets $ 47.20 million
Loans $ 14.66 million
Deposits $ 43.90 million
Capital $ 3.14 million

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

Deposit Rates - September 26, 2021

Your Current Location: Connecticut, CT 06828


Loan Rates - September 26, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Farmers Savings Bank

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

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Note to Farmers Savings Bank
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Financial Details

Farmers Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Farmers Savings Bank. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Farmers Savings Bank U.S. Bank Average
8.74% 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 Savings Bank had $285,000 in non-current loans and $3,000 in owned real estate. To cover these potential losses it had $3,141,000 in equity and $155,000 in loans loss reserves. That gives it a Texas Ratio of 8.74%.

Return on Equity
Farmers Savings Bank U.S. Bank Average
2.6% 11.43%

Farmers Savings Bank has a Return on Equity of 2.6% 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.

Farmers Savings Bank U.S. Bank Average
6.66% 11.51%

Farmers Savings Bank has a Capitalization of 6.66% 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 Savings Bank Balance Sheet Analysis

As of December 31, 2012, Farmers Savings Bank had assets of $47,196,000, loans of $14,657,000, and deposits of $43,896,000. 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
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 14.66 million
Loan loss allowance $ 0.16 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.00 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
Total deposits $ 43.90 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 47.20 million

Summary Income Statement

March 31, 2021
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

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

Compared to other banks in Iowa, Farmers Savings Bank has a significantly higher percent of Credit Card Loans, Small Business Loans, Construction and Development 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 32.50
Credit Card Loans 0.59
Consumer Auto Loans 0.68
Small Business Loans 14.61
Construction and Development Loans 14.27
Commercial Real Estate 14.61
Commercial and Industrial Loans 19.14
Farm Loans 3.17

Frequently Asked Questions About Farmers Savings Bank

Branches and Savings

Is Farmers Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #13655.

Why does Farmers 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 Savings Bank CD rates not competitive?

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

Is Farmers Savings Bank a commercial bank?


Where are Farmers Savings Bank locations?

See branch locations nearby.

Is Farmers Savings Bank open on Saturdays?

Is Farmers Savings Bank open on Sundays?

What time does Farmers Savings Bank open?

What time does Farmers Savings Bank close?

Are Farmers Savings Bank ATMs Open 24/7?

Do Farmers Savings Bank ATMs accept cash deposits?

Can Farmers Savings Bank customers use other ATMs?

Do Farmers Savings Bank branches have notaries?

Will Farmers Savings Bank notarize my document?

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

Will the Farmers Savings Bank branch print checks?

Do Farmers Savings Bank checks expire?

Does Farmers Savings Bank require US citizenship to open account?

Can Farmers Savings Bank close my account?

Does Farmers Savings Bank Report to credit bureaus?

Does Farmers Savings Bank Use Equifax?

What is Farmers Savings Bank's ACH Routing Number?

What is Farmers Savings Bank's SWIFT code?


Does Farmers Savings Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Farmers Savings Bank offer personal loans?

Compare personal loan rates here.

Does Farmers Savings Bank offer student loans?

Will Farmers Savings Bank cash a check?

Will Farmers Savings Bank redeem a savings bond?

Does Farmers Savings Bank cash savings bonds?

Will Farmers Savings Bank cash money orders?

Can Farmers Savings Bank issue a money order?

Does Farmers Savings Bank do currency exchange?

Background on The Bank

Who owns Farmers Savings Bank?

How long has Farmers Savings Bank been around?

Can Farmers Savings Bank transfer to other banks?

Does Farmers Savings Bank have quick pay?

Does Farmers Savings Bank accept rolled coins?

Will Farmers Savings Bank accept loose change?

Where is Farmers Savings Bank headquarters?

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