Farmers Security Bank

710 Main Street
Washburn, ND 58577


2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 9122
Date Established 1919
Assets $0.05 billion
Loans $0.04 billion
Deposits $0.05 billion
Capital $0.01 billion

Farmers Security Bank is an FDIC insured institution located in Washburn, ND. It was founded in 1919 and has approximately $0.05 billion in assets.

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

Bank Loan Profile?

The top three loan types in Farmers Security Bank’s loan portfolio are Farm Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks, Farmers Security Bank’s loan portfolio does not show any specific loan specialty.

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 2.33
Credit Card Loans 0.00
Consumer Auto Loans 1.08
Small Business Loans 0.00
Construction and Development Loans 0.15
Commercial Real Estate 15.51
Commercial and Industrial Loans 10.84
Farm Loans 36.72

Deposit Rates - January 20, 2019

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Money Market
0.35% $1,000 - Learn MoreShow Less
3 Mo CD
0.30% $500 - Learn MoreShow Less
6 Mo CD
0.50% $500 - Learn MoreShow Less
12 Mo CD
0.80% $500 - Learn MoreShow Less
18 Mo CD
1.00% $500 - Learn MoreShow Less
24 Mo CD
1.20% $500 - Learn MoreShow Less
36 Mo CD
1.50% $500 - Learn MoreShow Less
48 Mo CD
1.75% $500 - Learn MoreShow Less
60 Mo CD
2.00% $500 - Learn MoreShow Less

Fixed IRA
1.00% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
1.00% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $500 - Learn MoreShow Less

Loan Rates - January 20, 2019

Your Current Location: Washington, WA 98109

There are currently no loan rates available for Farmers Security Bank

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

Featured - Washington 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Learn More
Vantage Mortgage Group, Inc.
NMLS ID: 35986
License#: 35986
4.532% 4.500% 0.00 $993 $1,267 Learn More
Rocket Mortgage
NMLS ID: 3030
4.875% 4.875% 0.00 $0 $1,324 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.250% 5.250% 0.00 $0 $1,381 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2019

Lender Rate (%) Monthly Payment Learn More

Note to Farmers Security Bank
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Farmers Security Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

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Farmers Security Bank Locations

Financial Details

Farmers Security Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Farmers Security 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 Security Bank U.S. Bank Average
18.07% 7.34%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 September 30, 2018, Farmers Security Bank had $1,191,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $6,174,000 in equity and $417,000 in loans loss reserves. That gives it a Texas Ratio of 18.07%.

Return on Equity
Farmers Security Bank U.S. Bank Average
7.28% 9.95%

Farmers Security Bank has a Return on Equity of 7.28% versus the BestCashCow average of 9.95%. 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 Security Bank U.S. Bank Average
11.5% 12.19%

Farmers Security Bank has a Capitalization of 11.5% versus the BestCashCow average of 12.19. 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 Security Bank Balance Sheet Analysis

As of September 30, 2018, Farmers Security Bank had assets of $53,677,000, loans of $37,263,000, and deposits of $46,150,000. 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

September 30, 2018
Cash & Balances due from depository institutions $0.00 billion
Interest-bearing balances $0.00 billion
Total securities $0.01 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.04 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.05 billion
Total deposits $0.05 billion
      Interest-bearing deposits $0.04 billion
      Deposits held in domestic offices $0.05 billion
      % insured (estimated) 88.78%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.05 billion
      Shareholders’ Equity $0.01 billion

Summary Income Statement

September 30, 2018
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Frequently Asked Questions About Farmers Security Bank

Branches and Savings

Is Farmers Security Bank FDIC insured?

Yes. It is covered under FDIC Certificate #9122.

Why does Farmers Security 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 Security Bank CD rates not competitive?

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

Is Farmers Security Bank a commercial bank?


Where are Farmers Security Bank locations?

See branch locations nearby.

Is Farmers Security Bank open on Saturdays?

Is Farmers Security Bank open on Sundays?

What time does Farmers Security Bank open?

What time does Farmers Security Bank close?

Are Farmers Security Bank ATMs Open 24/7?

Do Farmers Security Bank ATMs accept cash deposits?

Can Farmers Security Bank customers use other ATMs?

Do Farmers Security Bank branches have notaries?

Will Farmers Security Bank notarize my document?

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

Will the Farmers Security Bank branch print checks?

Do Farmers Security Bank checks expire?

Does Farmers Security Bank require US citizenship to open account?

Can Farmers Security Bank close my account?

Does Farmers Security Bank Report to credit bureaus?

Does Farmers Security Bank Use Equifax?

What is Farmers Security Bank's ACH Routing Number?

What is Farmers Security Bank's SWIFT code?


Does Farmers Security Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Farmers Security Bank offer personal loans?

Compare personal loan rates here.

Does Farmers Security Bank offer student loans?

Will Farmers Security Bank cash a check?

Will Farmers Security Bank redeem a savings bond?

Does Farmers Security Bank cash savings bonds?

Will Farmers Security Bank cash money orders?

Can Farmers Security Bank issue a money order?

Does Farmers Security Bank do currency exchange?

Background on The Bank

Who owns Farmers Security Bank?

How long has Farmers Security Bank been around?

Can Farmers Security Bank transfer to other banks?

Does Farmers Security Bank have quick pay?

Does Farmers Security Bank accept rolled coins?

Will Farmers Security Bank accept loose change?

Where is Farmers Security Bank headquarters?

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*All images, logos and public notes on this page appear courtesy of Farmers Security Bank and are not subject to approval of BestCashCow. BestCashCow expressly disclaims all responsibility for this content.