Farmers State Bank

131 Tower Park Drive
Waterloo, IA 50701

 

2018 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 12855
Date Established 1903
Assets $0.97 billion
Loans $0.79 billion
Deposits $0.81 billion
Capital $0.08 billion

Farmers State Bank is an FDIC insured institution located in Waterloo, IA. It was founded in 1903 and has approximately $0.97 billion in assets. Customers can open an account at one of its 11 branches.

For a more detailed analysis of Farmers State 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 State Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks in Iowa, Farmers State Bank has a significantly higher percent of Multifamily Mortgages, Credit Card Loans, Consumer Auto 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 23.07
Multifamily
Mortgages
5.17
Credit Card Loans 0.86
Consumer Auto Loans 5.02
Small Business Loans 9.63
Construction and Development Loans 9.96
Commercial Real Estate 22.21
Commercial and Industrial Loans 13.70
Farm Loans 6.68

Deposit Rates - August 17, 2018

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.22% $5,000 - Learn MoreShow Less
6 Mo CD 10K
0.22% $5,000 - Learn MoreShow Less
Savings Rates APY MIN MAX
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
1.10% $2,500 - Learn MoreShow Less
Special: 17 Mo FIRA
2.44% $5,000 $99,999 Learn MoreShow Less
Special: 17 Mo FIRA
2.54% $100,000 - Learn MoreShow Less
Special: 24 Mo FIRA
2.64% $5,000 $99,999 Learn MoreShow Less
Special: 24 Mo FIRA
2.74% $100,000 - Learn MoreShow Less
MM Rates APY MIN MAX
MM 10K
0.35% $1,000 $24,999 Learn MoreShow Less
MM 25K
0.35% $25,000 $49,999 Learn MoreShow Less
PREMM Rates APY MIN MAX
Premium MM 10K
1.02% $10,000 $99,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.05% $2,000 $9,999 Learn MoreShow Less

Loan Rates - August 17, 2018

Your Current Location: Virginia, VA 20146

Home Equity Rates APR Rate Monthly Payment
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Farmers State 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 State Bank Locations

Financial Details

Farmers State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Farmers State 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 State Bank U.S. Bank Average
6.08% 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 March 31, 2018, Farmers State Bank had $19,000 in non-current loans and $5,239,000 in owned real estate. To cover these potential losses it had $78,273,000 in equity and $8,259,000 in loans loss reserves. That gives it a Texas Ratio of 6.08%.

Return on Equity
Farmers State Bank U.S. Bank Average
15.99% 9.35%

Farmers State Bank has a Return on Equity of 15.99% versus the BestCashCow average of 9.35%. 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 State Bank U.S. Bank Average
8.06% 12.01%

Farmers State Bank has a Capitalization of 8.06% versus the BestCashCow average of 12.01. 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 State Bank Balance Sheet Analysis

As of March 31, 2018, Farmers State Bank had assets of $971,152,000, loans of $785,715,000, and deposits of $814,656,000. 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

ASSETS
Cash & Balances due from depository institutions $0.02 billion
Interest-bearing balances $0.01 billion
Total securities $0.13 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.79 billion
Loan loss allowance $0.01 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.01 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.02 billion
     Total Assets $0.89 billion
LIABILITIES
Total deposits $0.81 billion
      Interest-bearing deposits $0.74 billion
      Deposits held in domestic offices $0.81 billion
      % insured (estimated) 64.18%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.07 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.89 billion
      Shareholders’ Equity $0.08 billion

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 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 State Bank

Branches and Savings

Is Farmers State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #12855.

Why does Farmers State 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 State Bank CD rates not competitive?

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

Is Farmers State Bank a commercial bank?

Yes

Where are Farmers State Bank locations?

See branch locations nearby.

Is Farmers State Bank open on Saturdays?

Is Farmers State Bank open on Sundays?

What time does Farmers State Bank open?

What time does Farmers State Bank close?

Are Farmers State Bank ATMs Open 24/7?

Do Farmers State Bank ATMs accept cash deposits?

Can Farmers State Bank customers use other ATMs?

Do Farmers State Bank branches have notaries?

Will Farmers State Bank notarize my document?

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

Will the Farmers State Bank branch print checks?

Do Farmers State Bank checks expire?

Does Farmers State Bank require US citizenship to open account?

Can Farmers State Bank close my account?

Does Farmers State Bank Report to credit bureaus?

Does Farmers State Bank Use Equifax?

What is Farmers State Bank's ACH Routing Number?

What is Farmers State Bank's SWIFT code?

Products

Does Farmers State Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Farmers State Bank offer personal loans?

Compare personal loan rates here.

Does Farmers State Bank offer student loans?

Will Farmers State Bank cash a check?

Will Farmers State Bank redeem a savings bond?

Does Farmers State Bank cash savings bonds?

Will Farmers State Bank cash money orders?

Can Farmers State Bank issue a money order?

Does Farmers State Bank do currency exchange?

Background on The Bank

Who owns Farmers State Bank?

How long has Farmers State Bank been around?

Can Farmers State Bank transfer to other banks?

Does Farmers State Bank have quick pay?

Does Farmers State Bank accept rolled coins?

Will Farmers State Bank accept loose change?

Where is Farmers State Bank headquarters?

Customer Reviews for Farmers State Bank

There are currently no comments for Farmers State Bank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →