Farmers State Bank of Medora

Headquarters

Main And Washington Streets
Medora, IL 62063
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.50% 0.85% →
1-Year CD 0.30% 0.67% →
2-Year CD N.A. 0.80% →
5-Year CD N.A. 1.25% →
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 Medora is an FDIC insured institution located in Medora, IL. It was founded in 1912 and has approximately $0.02 billion in assets.

FDIC Insured Yes
FDIC Certificate # 13902
Date Established 1912
Assets $ 23.90 million
Loans $ 5.64 million
Deposits $ 20.63 million
Capital $ 3.21 million
 

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

Deposit Rates - December 3, 2021

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.50% $2,500 - Learn More
CD Rates APY MIN MAX
6 Mo CD
0.25% $1,000 - Learn More
12 Mo CD
0.30% $1,000 - Learn More
30 Mo CD
0.40% $1,000 - Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.26% $2,500 - Learn MoreShow Less
 

Loan Rates - December 3, 2021

Your Current Location: Virginia, VA 20146

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

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 (%) Monthly
Payment
Learn More
First Internet Bank
NMLS ID: 424182
2.910% 2.875%
0.50 points
$1,130 fees
$1,038 Learn More

Featured - Virginia 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
Flagstar Bank-Heloc
Flagstar Bank-Heloc
See Table
4.990 %
$0 Learn More
More Info

Note to Farmers State Bank of Medora
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Branches

Farmers State Bank of Medora 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 Medora Locations



Climate Initiatives

Farmers State Bank of Medora is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

Financial Details

Farmers State Bank of Medora Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Farmers State Bank of Medora. 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 Medora U.S. Bank Average
7.63% 4.78%

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 June 30, 2021, Farmers State Bank of Medora had $250,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $3,205,000 in equity and $72,000 in loans loss reserves. That gives it a Texas Ratio of 7.63%.

Return on Equity
Farmers State Bank of Medora U.S. Bank Average
-3.07% 11.29%

Farmers State Bank of Medora has a Return on Equity of -3.07% versus the BestCashCow average of 11.29%. 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 Medora U.S. Bank Average
13.41% 11.72%

Farmers State Bank of Medora has a Capitalization of 13.41% versus the BestCashCow average of 11.72. 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 Medora Balance Sheet Analysis

As of June 30, 2021, Farmers State Bank of Medora had assets of $23,901,000, loans of $5,635,000, and deposits of $20,630,000. 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, 2021
ASSETS
Cash & Balances due from depository institutions $ 2.32 million
Interest-bearing balances $ 0.60 million
Total securities $ 13.69 million
Federal funds sold and reverse repurchase $ 1.96 million
Net loans and leases $ 5.64 million
Loan loss allowance $ 0.07 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 $ 0.18 million
     Total Assets $ 20.70 million
LIABILITIES
Total deposits $ 20.63 million
      Interest-bearing deposits $ 15.08 million
      Deposits held in domestic offices $ 20.63 million
      % insured (estimated) 92.41%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.07 million
      Total Liabilities $ 20.70 million
      Shareholders’ Equity $ 3.21 million

Summary Income Statement

June 30, 2021
INCOME AND EXPENSES
Total Interest Income $ 0.27 million
Total Interest Expense $ 0.03 million
Net interest income $ 0.24 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.00 million
Total non interest expense $ 0.29 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Farmers State Bank of Medora’s loan portfolio are Farm Loans, Commercial and Industrial Loans, and Consumer Auto Loans.

Compared to other banks in Illinois, Farmers State Bank of Medora has a significantly higher percent of Consumer Auto Loans, Commercial and Industrial Loans, Farm 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 7.06
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 16.06
Small Business Loans 7.97
Construction and Development Loans 0.00
Commercial Real Estate 7.97
Commercial and Industrial Loans 30.65
Farm Loans 35.85

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