Farmers State Bank of Western Illinois

Headquarters

124 West D Street
Alpha, IL 61413
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.05% →
1-Year CD 0.55% 1.05% →
2-Year CD 0.75% 1.11% →
5-Year CD 1.00% 1.56% →
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 Western Illinois is an FDIC insured institution located in Alpha, IL. It was founded in 1910 and has approximately $0.14 billion in assets. Customers can open an account at one of its 6 branches.

FDIC Insured Yes
FDIC Certificate # 11680
Date Established 1910
Assets $ 139.60 million
Loans $ 71.48 million
Deposits $ 118.42 million
Capital $ 18.58 million
 

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

Deposit Rates - August 9, 2020

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% $2,500 $2,999 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
3 Mo CD
0.15% $10,000 $14,999 Learn More
3 Mo CD
0.15% $100,000 $199,999 Learn More
6 Mo CD
0.25% $10,000 $14,999 Learn More
6 Mo CD
0.25% $100,000 $199,999 Learn More
12 Mo CD
0.55% $10,000 $14,999 Learn More
12 Mo CD
0.55% $100,000 $199,999 Learn More
24 Mo CD
0.75% $10,000 $14,999 Learn More
24 Mo CD
0.75% $100,000 $199,999 Learn More
36 Mo CD
0.85% $10,000 $14,999 Learn More
36 Mo CD
0.85% $100,000 $199,999 Learn More
48 Mo CD
0.95% $10,000 $14,999 Learn More
48 Mo CD
0.95% $100,000 $199,999 Learn More
60 Mo CD
1.00% $10,000 $14,999 Learn More
60 Mo CD
1.00% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - August 9, 2020

Your Current Location: Virginia, VA 20146

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

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
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AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.914% 2.875% 0.50 $1,250 $1,038 Learn More
1Rate, Inc
NMLS ID: 1948084
License#: MC-7051
2.758% 2.690% 0.88 $2,244 $1,013 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
Rocket Mortgage
NMLS ID: 3030
3.494% 3.375% 1.00 $3,750 $1,106 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
2.990 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
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Note to Farmers State Bank of Western Illinois
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Farmers State Bank of Western Illinois 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 Western Illinois Locations


Financial Details

Farmers State Bank of Western Illinois Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Farmers State Bank of Western Illinois. 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 Western Illinois U.S. Bank Average
6.07% 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 Western Illinois had $1,104,000 in non-current loans and $100,000 in owned real estate. To cover these potential losses it had $18,575,000 in equity and $1,269,000 in loans loss reserves. That gives it a Texas Ratio of 6.07%.

Return on Equity
Farmers State Bank of Western Illinois U.S. Bank Average
6.9% 7.80%

Farmers State Bank of Western Illinois has a Return on Equity of 6.9% 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 Western Illinois U.S. Bank Average
13.31% 12.68%

Farmers State Bank of Western Illinois has a Capitalization of 13.31% 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 Western Illinois Balance Sheet Analysis

As of March 31, 2020, Farmers State Bank of Western Illinois had assets of $139,604,000, loans of $71,478,000, and deposits of $118,420,000. 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 $ 20.07 million
Interest-bearing balances $ 15.75 million
Total securities $ 35.64 million
Federal funds sold and reverse repurchase $ 2.54 million
Net loans and leases $ 71.48 million
Loan loss allowance $ 1.27 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.10 million
Goodwill and other intangibles N.A.
All other assets $ 8.66 million
     Total Assets $ 121.03 million
LIABILITIES
Total deposits $ 118.42 million
      Interest-bearing deposits $ 88.36 million
      Deposits held in domestic offices $ 118.42 million
      % insured (estimated) 83.88%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 2.61 million
      Total Liabilities $ 121.03 million
      Shareholders’ Equity $ 18.58 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.34 million
Total Interest Expense $ 0.16 million
Net interest income $ 1.18 million
Provision for loan and lease losses $ 0.03 million
Total non interest income $ 0.13 million
Total non interest expense $ 0.93 million
Pre-tax Net Operating Income $ 0.34 million

Bank Loan Profile?

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

Compared to other banks in Illinois, Farmers State Bank of Western Illinois has a significantly higher percent of 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 15.93
Multifamily
Mortgages
0.09
Credit Card Loans 0.00
Consumer Auto Loans 2.06
Small Business Loans 0.00
Construction and Development Loans 0.41
Commercial Real Estate 4.06
Commercial and Industrial Loans 8.13
Farm Loans 37.35

Frequently Asked Questions About Farmers State Bank Of Western Illinois

Branches and Savings

Is Farmers State Bank Of Western Illinois FDIC insured?

Yes. It is covered under FDIC Certificate #11680.

Why does Farmers State Bank Of Western Illinois 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 Western Illinois CD rates not competitive?

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

Is Farmers State Bank Of Western Illinois a commercial bank?

Yes

Where are Farmers State Bank Of Western Illinois locations?

See branch locations nearby.

Is Farmers State Bank Of Western Illinois open on Saturdays?

Is Farmers State Bank Of Western Illinois open on Sundays?

What time does Farmers State Bank Of Western Illinois open?

What time does Farmers State Bank Of Western Illinois close?

Are Farmers State Bank Of Western Illinois ATMs Open 24/7?

Do Farmers State Bank Of Western Illinois ATMs accept cash deposits?

Can Farmers State Bank Of Western Illinois customers use other ATMs?

Do Farmers State Bank Of Western Illinois branches have notaries?

Will Farmers State Bank Of Western Illinois notarize my document?

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

Will the Farmers State Bank Of Western Illinois branch print checks?

Do Farmers State Bank Of Western Illinois checks expire?

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

Can Farmers State Bank Of Western Illinois close my account?

Does Farmers State Bank Of Western Illinois Report to credit bureaus?

Does Farmers State Bank Of Western Illinois Use Equifax?

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

What is Farmers State Bank Of Western Illinois's SWIFT code?

Products

Does Farmers State Bank Of Western Illinois offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Farmers State Bank Of Western Illinois offer personal loans?

Compare personal loan rates here.

Does Farmers State Bank Of Western Illinois offer student loans?

Will Farmers State Bank Of Western Illinois cash a check?

Will Farmers State Bank Of Western Illinois redeem a savings bond?

Does Farmers State Bank Of Western Illinois cash savings bonds?

Will Farmers State Bank Of Western Illinois cash money orders?

Can Farmers State Bank Of Western Illinois issue a money order?

Does Farmers State Bank Of Western Illinois do currency exchange?

Background on The Bank

Who owns Farmers State Bank Of Western Illinois?

How long has Farmers State Bank Of Western Illinois been around?

Can Farmers State Bank Of Western Illinois transfer to other banks?

Does Farmers State Bank Of Western Illinois have quick pay?

Does Farmers State Bank Of Western Illinois accept rolled coins?

Will Farmers State Bank Of Western Illinois accept loose change?

Where is Farmers State Bank Of Western Illinois headquarters?

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