Farmers State Bank of Madelia, Incorporated

Headquarters

34 Main Street
Madelia, MN 56062
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.66% →
1-Year CD N.A. 0.67% →
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 of Madelia, Incorporated is an FDIC insured institution located in Madelia, MN. It was founded in 1916 and has approximately $0.06 billion in assets.

FDIC Insured Yes
FDIC Certificate # 10566
Date Established 1916
Assets $ 61.77 million
Loans $ 31.65 million
Deposits $ 52.77 million
Capital $ 6.76 million
 

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

Deposit Rates - April 14, 2021

Your Current Location: Connecticut, CT 06828

 

Loan Rates - April 14, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Farmers State Bank of Madelia, Incorporated

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

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3.368% 3.250% 1.00 $3,750 $1,089 Learn More

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Third Federal Savings and Loan
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2.240 %
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Note to Farmers State Bank of Madelia, Incorporated
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Branches

Farmers State Bank of Madelia, Incorporated 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 of Madelia, Incorporated Locations


Financial Details

Farmers State Bank of Madelia, Incorporated Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Farmers State Bank of Madelia, Incorporated. 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 Madelia, Incorporated U.S. Bank Average
4.32% 5.49%

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 December 31, 2020, Farmers State Bank of Madelia, Incorporated had $180,000 in non-current loans and $135,000 in owned real estate. To cover these potential losses it had $6,760,000 in equity and $529,000 in loans loss reserves. That gives it a Texas Ratio of 4.32%.

Return on Equity
Farmers State Bank of Madelia, Incorporated U.S. Bank Average
10.21% 9.24%

Farmers State Bank of Madelia, Incorporated has a Return on Equity of 10.21% versus the BestCashCow average of 9.24%. 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 Madelia, Incorporated U.S. Bank Average
10.94% 11.96%

Farmers State Bank of Madelia, Incorporated has a Capitalization of 10.94% versus the BestCashCow average of 11.96. 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 Madelia, Incorporated Balance Sheet Analysis

As of September 30, 2013, Farmers State Bank of Madelia, Incorporated had assets of $61,771,000, loans of $31,652,000, and deposits of $52,769,000. 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

December 31, 2020
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 31.65 million
Loan loss allowance $ 0.53 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.14 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 52.77 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 61.77 million

Summary Income Statement

December 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

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

Compared to other banks in Minnesota, Farmers State Bank of Madelia, Incorporated has a significantly higher percent of Consumer Auto 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 21.90
Multifamily
Mortgages
0.31
Credit Card Loans 0.00
Consumer Auto Loans 5.20
Small Business Loans 12.96
Construction and Development Loans 0.55
Commercial Real Estate 12.96
Commercial and Industrial Loans 14.50
Farm Loans 18.86

Frequently Asked Questions About Farmers State Bank Of Madelia, Incorporated

Branches and Savings

Is Farmers State Bank Of Madelia, Incorporated FDIC insured?

Yes. It is covered under FDIC Certificate #10566.

Why does Farmers State Bank Of Madelia, Incorporated 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 Madelia, Incorporated CD rates not competitive?

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

Is Farmers State Bank Of Madelia, Incorporated a commercial bank?

Yes

Where are Farmers State Bank Of Madelia, Incorporated locations?

See branch locations nearby.

Is Farmers State Bank Of Madelia, Incorporated open on Saturdays?

Is Farmers State Bank Of Madelia, Incorporated open on Sundays?

What time does Farmers State Bank Of Madelia, Incorporated open?

What time does Farmers State Bank Of Madelia, Incorporated close?

Are Farmers State Bank Of Madelia, Incorporated ATMs Open 24/7?

Do Farmers State Bank Of Madelia, Incorporated ATMs accept cash deposits?

Can Farmers State Bank Of Madelia, Incorporated customers use other ATMs?

Do Farmers State Bank Of Madelia, Incorporated branches have notaries?

Will Farmers State Bank Of Madelia, Incorporated notarize my document?

What address for Farmers State Bank Of Madelia, Incorporated should I put for incoming ACH transfers?

Will the Farmers State Bank Of Madelia, Incorporated branch print checks?

Do Farmers State Bank Of Madelia, Incorporated checks expire?

Does Farmers State Bank Of Madelia, Incorporated require US citizenship to open account?

Can Farmers State Bank Of Madelia, Incorporated close my account?

Does Farmers State Bank Of Madelia, Incorporated Report to credit bureaus?

Does Farmers State Bank Of Madelia, Incorporated Use Equifax?

What is Farmers State Bank Of Madelia, Incorporated's ACH Routing Number?

What is Farmers State Bank Of Madelia, Incorporated's SWIFT code?

Products

Does Farmers State Bank Of Madelia, Incorporated offer mortgages?

Compare mortgage rates here.

Does Farmers State Bank Of Madelia, Incorporated offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Farmers State Bank Of Madelia, Incorporated offer personal loans?

Compare personal loan rates here.

Does Farmers State Bank Of Madelia, Incorporated offer student loans?

Will Farmers State Bank Of Madelia, Incorporated cash a check?

Will Farmers State Bank Of Madelia, Incorporated redeem a savings bond?

Does Farmers State Bank Of Madelia, Incorporated cash savings bonds?

Will Farmers State Bank Of Madelia, Incorporated cash money orders?

Can Farmers State Bank Of Madelia, Incorporated issue a money order?

Does Farmers State Bank Of Madelia, Incorporated do currency exchange?

Background on The Bank

Who owns Farmers State Bank Of Madelia, Incorporated?

How long has Farmers State Bank Of Madelia, Incorporated been around?

Can Farmers State Bank Of Madelia, Incorporated transfer to other banks?

Does Farmers State Bank Of Madelia, Incorporated have quick pay?

Does Farmers State Bank Of Madelia, Incorporated accept rolled coins?

Will Farmers State Bank Of Madelia, Incorporated accept loose change?

Where is Farmers State Bank Of Madelia, Incorporated headquarters?

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