Farmers State Bank, Allen, Oklahoma

Headquarters

101 East Broadway
Allen, OK 74825
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.25% 0.85% →
1-Year CD 0.60% 0.70% →
2-Year CD N.A. 0.75% →
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 State Bank, Allen, Oklahoma is an FDIC insured institution located in Allen, OK. It was founded in 1922 and has approximately $0.05 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 12758
Date Established 1922
Assets $ 48.46 million
Loans $ 32.76 million
Deposits $ 42.05 million
Capital $ 5.66 million
 

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

Deposit Rates - September 18, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.25% $2,500 $4,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.40% $10,000 $14,999 Learn More
6 Mo CD
0.50% $100,000 $199,999 Learn More
12 Mo CD
0.50% $10,000 $14,999 Learn More
12 Mo CD
0.60% $100,000 $199,999 Learn More
18 Mo CD
0.60% $10,000 $14,999 Learn More
18 Mo CD
0.70% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.15% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - September 18, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Farmers State Bank, Allen, Oklahoma

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 2021

Lender APR Rate (%) Monthly
Payment
Learn More
PADDIO
NMLS ID: 1907
2.808% 2.750%
-0.25 points
$1,875 fees
$1,021 Learn More
Better.com
NMLS ID: 330511
2.933% 2.875%
0.75 points
$1,860 fees
$1,038 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to Farmers State Bank, Allen, Oklahoma
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Branches

Farmers State Bank, Allen, Oklahoma 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 State Bank, Allen, Oklahoma Locations


Financial Details

Farmers State Bank, Allen, Oklahoma Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Farmers State Bank, Allen, Oklahoma. 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, Allen, Oklahoma U.S. Bank Average
21.69% 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 State Bank, Allen, Oklahoma had $1,321,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $5,655,000 in equity and $436,000 in loans loss reserves. That gives it a Texas Ratio of 21.69%.

Return on Equity
Farmers State Bank, Allen, Oklahoma U.S. Bank Average
15.19% 11.43%

Farmers State Bank, Allen, Oklahoma has a Return on Equity of 15.19% 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.

Capitalization
Farmers State Bank, Allen, Oklahoma U.S. Bank Average
11.67% 11.51%

Farmers State Bank, Allen, Oklahoma has a Capitalization of 11.67% 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 State Bank, Allen, Oklahoma Balance Sheet Analysis

As of March 31, 2021, Farmers State Bank, Allen, Oklahoma had assets of $48,462,000, loans of $32,760,000, and deposits of $42,045,000. 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
ASSETS
Cash & Balances due from depository institutions $ 1.62 million
Interest-bearing balances N.A.
Total securities $ 3.27 million
Federal funds sold and reverse repurchase $ 8.78 million
Net loans and leases $ 32.76 million
Loan loss allowance $ 0.44 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 1.38 million
     Total Assets $ 42.81 million
LIABILITIES
Total deposits $ 42.05 million
      Interest-bearing deposits $ 27.81 million
      Deposits held in domestic offices $ 42.05 million
      % insured (estimated) 91.80%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.76 million
      Total Liabilities $ 42.81 million
      Shareholders’ Equity $ 5.66 million

Summary Income Statement

March 31, 2021
INCOME AND EXPENSES
Total Interest Income $ 0.60 million
Total Interest Expense $ 0.03 million
Net interest income $ 0.57 million
Provision for loan and lease losses $ 0.02 million
Total non interest income $ 0.05 million
Total non interest expense $ 0.38 million
Pre-tax Net Operating Income $ 0.21 million

Bank Loan Profile?

The top three loan types in Farmers State Bank, Allen, Oklahoma’s loan portfolio are Commercial and Industrial Loans, 1-4 Family Residential Loans, and Farm Loans.

Compared to other banks in Oklahoma, Farmers State Bank, Allen, Oklahoma 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 22.16
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 4.46
Small Business Loans 11.61
Construction and Development Loans 0.79
Commercial Real Estate 11.61
Commercial and Industrial Loans 28.36
Farm Loans 16.17

Frequently Asked Questions About Farmers State Bank, Allen, Oklahoma

Branches and Savings

Is Farmers State Bank, Allen, Oklahoma FDIC insured?

Yes. It is covered under FDIC Certificate #12758.

Why does Farmers State Bank, Allen, Oklahoma 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, Allen, Oklahoma CD rates not competitive?

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

Is Farmers State Bank, Allen, Oklahoma a commercial bank?

Yes

Where are Farmers State Bank, Allen, Oklahoma locations?

See branch locations nearby.

Is Farmers State Bank, Allen, Oklahoma open on Saturdays?

Is Farmers State Bank, Allen, Oklahoma open on Sundays?

What time does Farmers State Bank, Allen, Oklahoma open?

What time does Farmers State Bank, Allen, Oklahoma close?

Are Farmers State Bank, Allen, Oklahoma ATMs Open 24/7?

Do Farmers State Bank, Allen, Oklahoma ATMs accept cash deposits?

Can Farmers State Bank, Allen, Oklahoma customers use other ATMs?

Do Farmers State Bank, Allen, Oklahoma branches have notaries?

Will Farmers State Bank, Allen, Oklahoma notarize my document?

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

Will the Farmers State Bank, Allen, Oklahoma branch print checks?

Do Farmers State Bank, Allen, Oklahoma checks expire?

Does Farmers State Bank, Allen, Oklahoma require US citizenship to open account?

Can Farmers State Bank, Allen, Oklahoma close my account?

Does Farmers State Bank, Allen, Oklahoma Report to credit bureaus?

Does Farmers State Bank, Allen, Oklahoma Use Equifax?

What is Farmers State Bank, Allen, Oklahoma's ACH Routing Number?

What is Farmers State Bank, Allen, Oklahoma's SWIFT code?

Products

Does Farmers State Bank, Allen, Oklahoma offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Farmers State Bank, Allen, Oklahoma offer personal loans?

Compare personal loan rates here.

Does Farmers State Bank, Allen, Oklahoma offer student loans?

Will Farmers State Bank, Allen, Oklahoma cash a check?

Will Farmers State Bank, Allen, Oklahoma redeem a savings bond?

Does Farmers State Bank, Allen, Oklahoma cash savings bonds?

Will Farmers State Bank, Allen, Oklahoma cash money orders?

Can Farmers State Bank, Allen, Oklahoma issue a money order?

Does Farmers State Bank, Allen, Oklahoma do currency exchange?

Background on The Bank

Who owns Farmers State Bank, Allen, Oklahoma?

How long has Farmers State Bank, Allen, Oklahoma been around?

Can Farmers State Bank, Allen, Oklahoma transfer to other banks?

Does Farmers State Bank, Allen, Oklahoma have quick pay?

Does Farmers State Bank, Allen, Oklahoma accept rolled coins?

Will Farmers State Bank, Allen, Oklahoma accept loose change?

Where is Farmers State Bank, Allen, Oklahoma headquarters?

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