Farmers State Bank & Trust Co.

Headquarters

129 West Main
Mount Sterling, IL 62353
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.05% →
1-Year CD 0.25% 0.95% →
2-Year CD 0.50% 1.05% →
5-Year CD 0.75% 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 & Trust Co. is an FDIC insured institution located in Mount Sterling, IL. It was founded in 1914 and has approximately $0.1 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 10458
Date Established 1914
Assets $ 95.68 million
Loans $ 64.41 million
Deposits $ 85.15 million
Capital $ 8.72 million
 

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

Deposit Rates - September 19, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.10% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.25% $10,000 $14,999 Learn More
6 Mo CD
0.25% $10,000 $14,999 Learn More
12 Mo CD
0.25% $10,000 $14,999 Learn More
18 Mo CD
0.25% $10,000 $14,999 Learn More
24 Mo CD
0.50% $10,000 $14,999 Learn More
30 Mo CD
0.50% $10,000 $14,999 Learn More
36 Mo CD
0.50% $10,000 $14,999 Learn More
48 Mo CD
0.75% $10,000 $14,999 Learn More
60 Mo CD
0.75% $10,000 $14,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 19, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Farmers State Bank & Trust Co.

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
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.815% 2.750% 0.88 $2,118 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
3.872% 3.750% 1.00 $3,750 $1,158 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 & Trust Co.
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Branches

Farmers State Bank & Trust Co. 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 & Trust Co. Locations


Financial Details

Farmers State Bank & Trust Co. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Farmers State Bank & Trust Co.. 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 & Trust Co. U.S. Bank Average
6.49% 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 & Trust Co. had $156,000 in non-current loans and $460,000 in owned real estate. To cover these potential losses it had $8,717,000 in equity and $776,000 in loans loss reserves. That gives it a Texas Ratio of 6.49%.

Return on Equity
Farmers State Bank & Trust Co. U.S. Bank Average
13.55% 7.80%

Farmers State Bank & Trust Co. has a Return on Equity of 13.55% 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 & Trust Co. U.S. Bank Average
9.11% 12.68%

Farmers State Bank & Trust Co. has a Capitalization of 9.11% 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 & Trust Co. Balance Sheet Analysis

As of March 31, 2020, Farmers State Bank & Trust Co. had assets of $95,679,000, loans of $64,412,000, and deposits of $85,145,000. 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 $ 9.22 million
Interest-bearing balances $ 8.12 million
Total securities $ 16.51 million
Federal funds sold and reverse repurchase $ 0.39 million
Net loans and leases $ 64.41 million
Loan loss allowance $ 0.78 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.46 million
Goodwill and other intangibles $ 0.06 million
All other assets $ 3.51 million
     Total Assets $ 86.96 million
LIABILITIES
Total deposits $ 85.15 million
      Interest-bearing deposits $ 65.65 million
      Deposits held in domestic offices $ 85.15 million
      % insured (estimated) 88.76%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 0.31 million
Subordinated debt N.A.
All other liabilities $ 1.51 million
      Total Liabilities $ 86.96 million
      Shareholders’ Equity $ 8.72 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.02 million
Total Interest Expense $ 0.19 million
Net interest income $ 0.83 million
Provision for loan and lease losses $ 0.03 million
Total non interest income $ 0.14 million
Total non interest expense $ 0.53 million
Pre-tax Net Operating Income $ 0.40 million

Bank Loan Profile?

The top three loan types in Farmers State Bank & Trust Co.’s loan portfolio are 1-4 Family Residential Loans, Commercial and Industrial Loans, and Commercial Real Estate.

Compared to other banks, Farmers State Bank & Trust Co.’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 25.86
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 2.05
Small Business Loans 0.00
Construction and Development Loans 1.00
Commercial Real Estate 18.30
Commercial and Industrial Loans 19.11
Farm Loans 9.36

Frequently Asked Questions About Farmers State Bank & Trust Co.

Branches and Savings

Is Farmers State Bank & Trust Co. FDIC insured?

Yes. It is covered under FDIC Certificate #10458.

Why does Farmers State Bank & Trust Co. 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 & Trust Co. CD rates not competitive?

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

Is Farmers State Bank & Trust Co. a commercial bank?

Yes

Where are Farmers State Bank & Trust Co. locations?

See branch locations nearby.

Is Farmers State Bank & Trust Co. open on Saturdays?

Is Farmers State Bank & Trust Co. open on Sundays?

What time does Farmers State Bank & Trust Co. open?

What time does Farmers State Bank & Trust Co. close?

Are Farmers State Bank & Trust Co. ATMs Open 24/7?

Do Farmers State Bank & Trust Co. ATMs accept cash deposits?

Can Farmers State Bank & Trust Co. customers use other ATMs?

Do Farmers State Bank & Trust Co. branches have notaries?

Will Farmers State Bank & Trust Co. notarize my document?

What address for Farmers State Bank & Trust Co. should I put for incoming ACH transfers?

Will the Farmers State Bank & Trust Co. branch print checks?

Do Farmers State Bank & Trust Co. checks expire?

Does Farmers State Bank & Trust Co. require US citizenship to open account?

Can Farmers State Bank & Trust Co. close my account?

Does Farmers State Bank & Trust Co. Report to credit bureaus?

Does Farmers State Bank & Trust Co. Use Equifax?

What is Farmers State Bank & Trust Co.'s ACH Routing Number?

What is Farmers State Bank & Trust Co.'s SWIFT code?

Products

Does Farmers State Bank & Trust Co. offer mortgages?

Compare mortgage rates here.

Does Farmers State Bank & Trust Co. offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Farmers State Bank & Trust Co. offer personal loans?

Compare personal loan rates here.

Does Farmers State Bank & Trust Co. offer student loans?

Will Farmers State Bank & Trust Co. cash a check?

Will Farmers State Bank & Trust Co. redeem a savings bond?

Does Farmers State Bank & Trust Co. cash savings bonds?

Will Farmers State Bank & Trust Co. cash money orders?

Can Farmers State Bank & Trust Co. issue a money order?

Does Farmers State Bank & Trust Co. do currency exchange?

Background on The Bank

Who owns Farmers State Bank & Trust Co.?

How long has Farmers State Bank & Trust Co. been around?

Can Farmers State Bank & Trust Co. transfer to other banks?

Does Farmers State Bank & Trust Co. have quick pay?

Does Farmers State Bank & Trust Co. accept rolled coins?

Will Farmers State Bank & Trust Co. accept loose change?

Where is Farmers State Bank & Trust Co. headquarters?

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