Farmers State Bank of Hartland

Headquarters

601 N. Broadway
Hartland, MN 56042
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 0.70% →
1-Year CD 0.20% 0.75% →
2-Year CD 0.60% 0.81% →
5-Year CD 0.75% 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 of Hartland is an FDIC insured institution located in Hartland, MN. It was founded in 1912 and has approximately $0.19 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 10561
Date Established 1912
Assets $ 189.82 million
Loans $ 135.92 million
Deposits $ 161.58 million
Capital $ 22.04 million
 

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

Deposit Rates - January 23, 2021

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.05% $10,000 $14,999 Learn More
Money Market
0.10% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.15% $10,000 $14,999 Learn More
6 Mo CD
0.15% $100,000 $199,999 Learn More
12 Mo CD
0.20% $10,000 $14,999 Learn More
12 Mo CD
0.20% $100,000 $199,999 Learn More
18 Mo CD
0.30% $10,000 $14,999 Learn More
18 Mo CD
0.30% $100,000 $199,999 Learn More
24 Mo CD
0.60% $10,000 $14,999 Learn More
24 Mo CD
0.60% $100,000 $199,999 Learn More
36 Mo CD
0.75% $10,000 $14,999 Learn More
36 Mo CD
0.75% $100,000 $199,999 Learn More
48 Mo CD
0.75% $10,000 $14,999 Learn More
48 Mo CD
0.75% $100,000 $199,999 Learn More
60 Mo CD
0.75% $10,000 $14,999 Learn More
60 Mo CD
0.75% $100,000 $199,999 Learn More

Variable IRA Rates APY MIN MAX
Var IRA
0.75% $1 $499 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - January 23, 2021

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Farmers State Bank of Hartland

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 2021

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.562% 2.500% 0.75 $2,030 $988 Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
2.670% 2.625% 0.63 $1,480 $1,005 Learn More
Morty, Inc.
NMLS ID: 1429243
2.480% 2.375% 1.00 $3,500 $972 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to Farmers State Bank of Hartland
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Branches

Farmers State Bank of Hartland 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 of Hartland Locations


Financial Details

Farmers State Bank of Hartland Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Farmers State Bank of Hartland. 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 of Hartland U.S. Bank Average
0.01% 6.14%

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 September 30, 2020, Farmers State Bank of Hartland had $3,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $22,040,000 in equity and $1,801,000 in loans loss reserves. That gives it a Texas Ratio of 0.01%.

Return on Equity
Farmers State Bank of Hartland U.S. Bank Average
18.52% 9.23%

Farmers State Bank of Hartland has a Return on Equity of 18.52% versus the BestCashCow average of 9.23%. 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 of Hartland U.S. Bank Average
11.61% 12.07%

Farmers State Bank of Hartland has a Capitalization of 11.61% versus the BestCashCow average of 12.07. 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 of Hartland Balance Sheet Analysis

As of September 30, 2020, Farmers State Bank of Hartland had assets of $189,822,000, loans of $135,915,000, and deposits of $161,582,000. 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, 2020
ASSETS
Cash & Balances due from depository institutions $ 16.82 million
Interest-bearing balances $ 6.56 million
Total securities $ 27.73 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 135.92 million
Loan loss allowance $ 1.80 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 1.99 million
All other assets $ 5.28 million
     Total Assets $ 167.78 million
LIABILITIES
Total deposits $ 161.58 million
      Interest-bearing deposits $ 114.57 million
      Deposits held in domestic offices $ 161.58 million
      % insured (estimated) 79.06%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 6.00 million
Subordinated debt N.A.
All other liabilities $ 0.20 million
      Total Liabilities $ 167.78 million
      Shareholders’ Equity $ 22.04 million

Summary Income Statement

September 30, 2020
INCOME AND EXPENSES
Total Interest Income $ 5.78 million
Total Interest Expense $ 0.63 million
Net interest income $ 5.15 million
Provision for loan and lease losses $ 0.32 million
Total non interest income $ 1.47 million
Total non interest expense $ 3.40 million
Pre-tax Net Operating Income $ 2.90 million

Bank Loan Profile?

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

Compared to other banks, Farmers State Bank of Hartland’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 5.01
Multifamily
Mortgages
1.45
Credit Card Loans 0.00
Consumer Auto Loans 0.25
Small Business Loans 0.00
Construction and Development Loans 1.38
Commercial Real Estate 25.04
Commercial and Industrial Loans 25.67
Farm Loans 20.76

Frequently Asked Questions About Farmers State Bank Of Hartland

Branches and Savings

Is Farmers State Bank Of Hartland FDIC insured?

Yes. It is covered under FDIC Certificate #10561.

Why does Farmers State Bank Of Hartland 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 Of Hartland CD rates not competitive?

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

Is Farmers State Bank Of Hartland a commercial bank?

Yes

Where are Farmers State Bank Of Hartland locations?

See branch locations nearby.

Is Farmers State Bank Of Hartland open on Saturdays?

Is Farmers State Bank Of Hartland open on Sundays?

What time does Farmers State Bank Of Hartland open?

What time does Farmers State Bank Of Hartland close?

Are Farmers State Bank Of Hartland ATMs Open 24/7?

Do Farmers State Bank Of Hartland ATMs accept cash deposits?

Can Farmers State Bank Of Hartland customers use other ATMs?

Do Farmers State Bank Of Hartland branches have notaries?

Will Farmers State Bank Of Hartland notarize my document?

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

Will the Farmers State Bank Of Hartland branch print checks?

Do Farmers State Bank Of Hartland checks expire?

Does Farmers State Bank Of Hartland require US citizenship to open account?

Can Farmers State Bank Of Hartland close my account?

Does Farmers State Bank Of Hartland Report to credit bureaus?

Does Farmers State Bank Of Hartland Use Equifax?

What is Farmers State Bank Of Hartland's ACH Routing Number?

What is Farmers State Bank Of Hartland's SWIFT code?

Products

Does Farmers State Bank Of Hartland offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Farmers State Bank Of Hartland offer personal loans?

Compare personal loan rates here.

Does Farmers State Bank Of Hartland offer student loans?

Will Farmers State Bank Of Hartland cash a check?

Will Farmers State Bank Of Hartland redeem a savings bond?

Does Farmers State Bank Of Hartland cash savings bonds?

Will Farmers State Bank Of Hartland cash money orders?

Can Farmers State Bank Of Hartland issue a money order?

Does Farmers State Bank Of Hartland do currency exchange?

Background on The Bank

Who owns Farmers State Bank Of Hartland?

How long has Farmers State Bank Of Hartland been around?

Can Farmers State Bank Of Hartland transfer to other banks?

Does Farmers State Bank Of Hartland have quick pay?

Does Farmers State Bank Of Hartland accept rolled coins?

Will Farmers State Bank Of Hartland accept loose change?

Where is Farmers State Bank Of Hartland headquarters?

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