Farmers State Bank of Sherburn

Headquarters

33 North Main Street
Sherburn, MN 56171
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Farmers State Bank of Sherburn is an FDIC insured institution located in Sherburn, MN. It was founded in 1930 and has approximately $0.03 billion in assets.

FDIC Insured Yes
FDIC Certificate # 8217
Date Established 1930
Assets $ 29.57 million
Loans $ 14.40 million
Deposits $ 26.58 million
Capital $ 2.45 million
 

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

Deposit Rates - September 28, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - September 28, 2020

Your Current Location: Virginia, VA 20146

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

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.998% 3.875% 1.00 $3,750 $1,176 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.815% 2.750% 0.88 $2,102 $1,021 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

Note to Farmers State Bank of Sherburn
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Branches

Farmers State Bank of Sherburn 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 Sherburn Locations


Financial Details

Farmers State Bank of Sherburn Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Farmers State Bank of Sherburn. 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 Sherburn U.S. Bank Average
1.9% 6.94%

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, 2020, Farmers State Bank of Sherburn had $52,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $2,453,000 in equity and $290,000 in loans loss reserves. That gives it a Texas Ratio of 1.9%.

Return on Equity
Farmers State Bank of Sherburn U.S. Bank Average
8.41% 7.80%

Farmers State Bank of Sherburn has a Return on Equity of 8.41% versus the BestCashCow average of 7.80%. 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 Sherburn U.S. Bank Average
8.3% 12.68%

Farmers State Bank of Sherburn has a Capitalization of 8.3% versus the BestCashCow average of 12.68. 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 Sherburn Balance Sheet Analysis

As of March 31, 2011, Farmers State Bank of Sherburn had assets of $29,565,000, loans of $14,400,000, and deposits of $26,579,000. 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, 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 $ 14.40 million
Loan loss allowance $ 0.29 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 N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 26.58 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 $ 29.57 million

Summary Income Statement

March 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 Sherburn’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Farmers State Bank of Sherburn’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 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Farmers State Bank Of Sherburn

Branches and Savings

Is Farmers State Bank Of Sherburn FDIC insured?

Yes. It is covered under FDIC Certificate #8217.

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

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

Is Farmers State Bank Of Sherburn a commercial bank?

Yes

Where are Farmers State Bank Of Sherburn locations?

See branch locations nearby.

Is Farmers State Bank Of Sherburn open on Saturdays?

Is Farmers State Bank Of Sherburn open on Sundays?

What time does Farmers State Bank Of Sherburn open?

What time does Farmers State Bank Of Sherburn close?

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

Do Farmers State Bank Of Sherburn ATMs accept cash deposits?

Can Farmers State Bank Of Sherburn customers use other ATMs?

Do Farmers State Bank Of Sherburn branches have notaries?

Will Farmers State Bank Of Sherburn notarize my document?

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

Will the Farmers State Bank Of Sherburn branch print checks?

Do Farmers State Bank Of Sherburn checks expire?

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

Can Farmers State Bank Of Sherburn close my account?

Does Farmers State Bank Of Sherburn Report to credit bureaus?

Does Farmers State Bank Of Sherburn Use Equifax?

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

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

Products

Does Farmers State Bank Of Sherburn offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Farmers State Bank Of Sherburn offer personal loans?

Compare personal loan rates here.

Does Farmers State Bank Of Sherburn offer student loans?

Will Farmers State Bank Of Sherburn cash a check?

Will Farmers State Bank Of Sherburn redeem a savings bond?

Does Farmers State Bank Of Sherburn cash savings bonds?

Will Farmers State Bank Of Sherburn cash money orders?

Can Farmers State Bank Of Sherburn issue a money order?

Does Farmers State Bank Of Sherburn do currency exchange?

Background on The Bank

Who owns Farmers State Bank Of Sherburn?

How long has Farmers State Bank Of Sherburn been around?

Can Farmers State Bank Of Sherburn transfer to other banks?

Does Farmers State Bank Of Sherburn have quick pay?

Does Farmers State Bank Of Sherburn accept rolled coins?

Will Farmers State Bank Of Sherburn accept loose change?

Where is Farmers State Bank Of Sherburn headquarters?

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