Farmers State Bank of Munith

Headquarters

201 North Main Street
Munith, MI 49259
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.40% →
1-Year CD 0.15% 1.15% →
2-Year CD 0.25% 1.26% →
5-Year CD 0.40% 1.60% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Farmers State Bank of Munith is an FDIC insured institution located in Munith, MI. It was founded in 1922 and has approximately $0.08 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 15011
Date Established 1922
Assets $ 77.53 million
Loans $ 49.89 million
Deposits $ 68.88 million
Capital $ 8.27 million
 

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

Deposit Rates - July 5, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $250 - Learn More
Money Market
0.07% $1,000 - Learn More
CD Rates APY MIN MAX
3 Mo CD
0.06% $500 - Learn More
6 Mo CD
0.10% $500 - Learn More
12 Mo CD
0.15% $500 - Learn More
18 Mo CD
0.15% $500 - Learn More
24 Mo CD
0.25% $500 - Learn More
30 Mo CD
0.25% $500 - Learn More
36 Mo CD
0.30% $500 - Learn More
48 Mo CD
0.35% $500 - Learn More
60 Mo CD
0.40% $500 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.15% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.07% $1,000 - Learn MoreShow Less

Loan Rates - July 5, 2020

Your Current Location: Connecticut, CT 06828

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

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.039% 3.000% 0.50 $1,250 $1,055 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to Farmers State Bank of Munith
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Branches

Farmers State Bank of Munith 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 Munith Locations


Financial Details

Farmers State Bank of Munith Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Farmers State Bank of Munith. 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 Munith U.S. Bank Average
12.86% 6.51%

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, 2019, Farmers State Bank of Munith had $829,000 in non-current loans and $294,000 in owned real estate. To cover these potential losses it had $8,265,000 in equity and $467,000 in loans loss reserves. That gives it a Texas Ratio of 12.86%.

Return on Equity
Farmers State Bank of Munith U.S. Bank Average
8.34% 9.41%

Farmers State Bank of Munith has a Return on Equity of 8.34% versus the BestCashCow average of 9.41%. 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 Munith U.S. Bank Average
10.66% 12.82%

Farmers State Bank of Munith has a Capitalization of 10.66% versus the BestCashCow average of 12.82. 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 Munith Balance Sheet Analysis

As of December 31, 2019, Farmers State Bank of Munith had assets of $77,525,000, loans of $49,885,000, and deposits of $68,883,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $ 12.05 million
Interest-bearing balances $ 11.19 million
Total securities $ 13.08 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 49.89 million
Loan loss allowance $ 0.47 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.29 million
Goodwill and other intangibles $ 0.16 million
All other assets $ 0.72 million
     Total Assets $ 69.26 million
LIABILITIES
Total deposits $ 68.88 million
      Interest-bearing deposits $ 50.16 million
      Deposits held in domestic offices $ 68.88 million
      % insured (estimated) 90.03%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.38 million
      Total Liabilities $ 69.26 million
      Shareholders’ Equity $ 8.27 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 3.44 million
Total Interest Expense $ 0.16 million
Net interest income $ 3.28 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.75 million
Total non interest expense $ 3.17 million
Pre-tax Net Operating Income $ 0.86 million

Bank Loan Profile?

The top three loan types in Farmers State Bank of Munith’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks, Farmers State Bank of Munith’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 49.33
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 5.44
Small Business Loans 13.73
Construction and Development Loans 8.50
Commercial Real Estate 15.11
Commercial and Industrial Loans 4.37
Farm Loans 2.46

Frequently Asked Questions About Farmers State Bank Of Munith

Branches and Savings

Is Farmers State Bank Of Munith FDIC insured?

Yes. It is covered under FDIC Certificate #15011.

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

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

Is Farmers State Bank Of Munith a commercial bank?

Yes

Where are Farmers State Bank Of Munith locations?

See branch locations nearby.

Is Farmers State Bank Of Munith open on Saturdays?

Is Farmers State Bank Of Munith open on Sundays?

What time does Farmers State Bank Of Munith open?

What time does Farmers State Bank Of Munith close?

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

Do Farmers State Bank Of Munith ATMs accept cash deposits?

Can Farmers State Bank Of Munith customers use other ATMs?

Do Farmers State Bank Of Munith branches have notaries?

Will Farmers State Bank Of Munith notarize my document?

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

Will the Farmers State Bank Of Munith branch print checks?

Do Farmers State Bank Of Munith checks expire?

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

Can Farmers State Bank Of Munith close my account?

Does Farmers State Bank Of Munith Report to credit bureaus?

Does Farmers State Bank Of Munith Use Equifax?

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

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

Products

Does Farmers State Bank Of Munith offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Farmers State Bank Of Munith offer personal loans?

Compare personal loan rates here.

Does Farmers State Bank Of Munith offer student loans?

Will Farmers State Bank Of Munith cash a check?

Will Farmers State Bank Of Munith redeem a savings bond?

Does Farmers State Bank Of Munith cash savings bonds?

Will Farmers State Bank Of Munith cash money orders?

Can Farmers State Bank Of Munith issue a money order?

Does Farmers State Bank Of Munith do currency exchange?

Background on The Bank

Who owns Farmers State Bank Of Munith?

How long has Farmers State Bank Of Munith been around?

Can Farmers State Bank Of Munith transfer to other banks?

Does Farmers State Bank Of Munith have quick pay?

Does Farmers State Bank Of Munith accept rolled coins?

Will Farmers State Bank Of Munith accept loose change?

Where is Farmers State Bank Of Munith headquarters?

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