Farmington State Bank

Headquarters

103 North First Street
Farmington, WA 99128
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 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

Farmington State Bank is an FDIC insured institution located in Farmington, WA. It was founded in 1929 and has approximately $0.02 billion in assets.

FDIC Insured Yes
FDIC Certificate # 6149
Date Established 1929
Assets $ 16.55 million
Loans $ 7.09 million
Deposits $ 10.75 million
Capital $ 5.80 million
 

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

Deposit Rates - December 2, 2021

Your Current Location: Virginia, VA 20146

 

Loan Rates - December 2, 2021

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Farmington State Bank

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
CIT Bank
NMLS ID: 541760
3.021% 2.950%
0.88 points
$2,292 fees
$1,048 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 Farmington State Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Farmington State Bank 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


Farmington State Bank Locations



Climate Initiatives

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

Financial Details

Farmington State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Farmington State Bank. 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
Farmington State Bank U.S. Bank Average
0% 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, Farmington State Bank had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $5,800,000 in equity and $0 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Farmington State Bank U.S. Bank Average
-1.48% 11.29%

Farmington State Bank has a Return on Equity of -1.48% 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
Farmington State Bank U.S. Bank Average
35.04% 11.72%

Farmington State Bank has a Capitalization of 35.04% 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.

Farmington State Bank Balance Sheet Analysis

As of June 30, 2021, Farmington State Bank had assets of $16,551,000, loans of $7,093,000, and deposits of $10,751,000. 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 $ 7.12 million
Interest-bearing balances $ 6.48 million
Total securities $ 0.06 million
Federal funds sold and reverse repurchase $ 0.74 million
Net loans and leases $ 7.09 million
Loan loss allowance N.A.
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 1.23 million
All other assets $ 0.12 million
     Total Assets $ 10.75 million
LIABILITIES
Total deposits $ 10.75 million
      Interest-bearing deposits $ 6.40 million
      Deposits held in domestic offices $ 10.75 million
      % insured (estimated) 79.86%
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 $ 10.75 million
      Shareholders’ Equity $ 5.80 million

Summary Income Statement

June 30, 2021
INCOME AND EXPENSES
Total Interest Income $ 0.18 million
Total Interest Expense $ 0.01 million
Net interest income $ 0.16 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.00 million
Total non interest expense $ 0.21 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

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

Compared to other banks in Washington, Farmington State Bank has a significantly higher percent of 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 7.09
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 2.03
Small Business Loans 2.30
Construction and Development Loans 0.00
Commercial Real Estate 2.30
Commercial and Industrial Loans 35.89
Farm Loans 30.45

Customer Reviews for Farmington State Bank

There are currently no comments for Farmington State Bank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →