Farmers Security Bank

710 Main Street
Washburn, ND 58577

 

2018 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 9122
Date Established 1919
Assets $0.06 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 $0.06 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 Small Business 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 2.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 1.20
Small Business Loans 13.32
Construction and Development Loans 0.00
Commercial Real Estate 16.01
Commercial and Industrial Loans 10.10
Farm Loans 36.37

Deposit Rates - October 15, 2018

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.35% $1,000 - Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.25% $500 - Learn MoreShow Less
6 Mo CD
0.30% $500 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.80% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.80% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $500 - Learn MoreShow Less

Loan Rates - October 15, 2018

Your Current Location: Virginia, VA 20146

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 - Virginia 30 Year Fixed Mortgage Rates 2018

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
PenFed Credit Union
NMLS ID: 401822
4.836% 4.750% 0.00 $2,500 $1,305 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Flagstar Bank 5.490% $283.58 Learn More
Third Federal Savings & Loan Assoc. of Cleveland 4.240% $245.68 Learn More

Note to Farmers Security Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

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.

Your Location:
Ashburn,Virginia


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 BestCashCow.com 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
20.71% 7.92%

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 June 30, 2018, Farmers Security Bank had $1,366,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $6,091,000 in equity and $506,000 in loans loss reserves. That gives it a Texas Ratio of 20.71%.

Return on Equity
Farmers Security Bank U.S. Bank Average
6.95% 9.77%

Farmers Security Bank has a Return on Equity of 6.95% versus the BestCashCow average of 9.77%. 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 Security Bank U.S. Bank Average
11.01% 12.31%

Farmers Security Bank has a Capitalization of 11.01% versus the BestCashCow average of 12.31. 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 June 30, 2018, Farmers Security Bank had assets of $55,302,000, loans of $35,727,000, and deposits of $49,090,000. 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

June 30, 2018
ASSETS
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
LIABILITIES
Total deposits $0.05 billion
      Interest-bearing deposits $0.04 billion
      Deposits held in domestic offices $0.05 billion
      % insured (estimated) 85.31%
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

June 30, 2018
INCOME AND EXPENSES
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?

Yes

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?

Products

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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