Independent Farmers Bank

201 W Main Street
Maysville, MO 64469

Notable Rates APY Vs.Others
Savings 0.45% 2.20% →
1-Year CD 0.85% 2.20% →
2-Year CD 1.21% 2.20% →
5-Year CD 2.00% 2.60% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2020 Overview

General Bank Information

Independent Farmers Bank is an FDIC insured institution located in Maysville, MO. It was founded in 1920 and has approximately $0.12 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 11462
Date Established 1920
Assets $0.12 billion
Loans $0.07 billion
Deposits $0.11 billion
Capital $0.01 billion

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

Deposit Rates - February 17, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.35% $2,500 - Learn MoreShow Less
6 Mo CD
0.60% $500 - Learn MoreShow Less
12 Mo CD
0.85% $500 - Learn MoreShow Less
18 Mo CD
1.06% $500 - Learn MoreShow Less
24 Mo CD
1.21% $500 - Learn MoreShow Less
30 Mo CD
1.31% $500 - Learn MoreShow Less
36 Mo CD
1.61% $500 - Learn MoreShow Less
48 Mo CD
1.75% $500 - Learn MoreShow Less
60 Mo CD
2.00% $500 - Learn MoreShow Less

Fixed IRA
0.85% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
1.06% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.25% $1,000 - Learn MoreShow Less

Loan Rates - February 17, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Independent Farmers Bank

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
Learn More
Rocket Mortgage
NMLS ID: 3030
4.668% 4.625% 0.00 $1,250 $1,286 Learn More
NMLS ID: 2890
License#: 13256
3.378% 3.375% 0.00 $92 $1,106 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.793% 4.750% 0.00 $1,250 $1,305 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Eastern Bank
Eastern Bank
4.250 %
$25,000 Learn More
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Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
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People's United Bank, N.A.
People's United Bank, N.A.
5.000 %
$0 Learn More
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Third Federal Savings and Loans
Third Federal Savings and Loans
3.740 %
$0 Learn More
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Note to Independent Farmers Bank
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Independent Farmers Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

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Independent Farmers Bank Locations

Financial Details

Independent Farmers Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Independent Farmers Bank. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Independent Farmers Bank U.S. Bank Average
4.09% 6.70%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 September 30, 2019, Independent Farmers Bank had $500,000 in non-current loans and $69,000 in owned real estate. To cover these potential losses it had $13,149,000 in equity and $769,000 in loans loss reserves. That gives it a Texas Ratio of 4.09%.

Return on Equity
Independent Farmers Bank U.S. Bank Average
12.92% 9.72%

Independent Farmers Bank has a Return on Equity of 12.92% versus the BestCashCow average of 9.72%. 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.

Independent Farmers Bank U.S. Bank Average
10.67% 12.89%

Independent Farmers Bank has a Capitalization of 10.67% versus the BestCashCow average of 12.89. 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.

Independent Farmers Bank Balance Sheet Analysis

As of September 30, 2019, Independent Farmers Bank had assets of $123,277,000, loans of $66,952,000, and deposits of $105,694,000. 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

September 30, 2019
Cash & Balances due from depository institutions $0.00 billion
Interest-bearing balances $0.00 billion
Total securities $0.05 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.07 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.11 billion
Total deposits $0.11 billion
      Interest-bearing deposits $0.08 billion
      Deposits held in domestic offices $0.11 billion
      % insured (estimated) 79.02%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.11 billion
      Shareholders’ Equity $0.01 billion

Summary Income Statement

September 30, 2019
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

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

Compared to other banks in Missouri, Independent Farmers Bank 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 19.19
Credit Card Loans 0.54
Consumer Auto Loans 2.12
Small Business Loans 0.00
Construction and Development Loans 3.04
Commercial Real Estate 5.00
Commercial and Industrial Loans 11.26
Farm Loans 35.17

Frequently Asked Questions About Independent Farmers Bank

Branches and Savings

Is Independent Farmers Bank FDIC insured?

Yes. It is covered under FDIC Certificate #11462.

Why does Independent Farmers Bank pay such low interest on savings accounts?

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

Why are Independent Farmers Bank CD rates not competitive?

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

Is Independent Farmers Bank a commercial bank?


Where are Independent Farmers Bank locations?

See branch locations nearby.

Is Independent Farmers Bank open on Saturdays?

Is Independent Farmers Bank open on Sundays?

What time does Independent Farmers Bank open?

What time does Independent Farmers Bank close?

Are Independent Farmers Bank ATMs Open 24/7?

Do Independent Farmers Bank ATMs accept cash deposits?

Can Independent Farmers Bank customers use other ATMs?

Do Independent Farmers Bank branches have notaries?

Will Independent Farmers Bank notarize my document?

What address for Independent Farmers Bank should I put for incoming ACH transfers?

Will the Independent Farmers Bank branch print checks?

Do Independent Farmers Bank checks expire?

Does Independent Farmers Bank require US citizenship to open account?

Can Independent Farmers Bank close my account?

Does Independent Farmers Bank Report to credit bureaus?

Does Independent Farmers Bank Use Equifax?

What is Independent Farmers Bank's ACH Routing Number?

What is Independent Farmers Bank's SWIFT code?


Does Independent Farmers Bank offer mortgages?

Compare mortgage rates here.

Does Independent Farmers Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Independent Farmers Bank offer personal loans?

Compare personal loan rates here.

Does Independent Farmers Bank offer student loans?

Will Independent Farmers Bank cash a check?

Will Independent Farmers Bank redeem a savings bond?

Does Independent Farmers Bank cash savings bonds?

Will Independent Farmers Bank cash money orders?

Can Independent Farmers Bank issue a money order?

Does Independent Farmers Bank do currency exchange?

Background on The Bank

Who owns Independent Farmers Bank?

How long has Independent Farmers Bank been around?

Can Independent Farmers Bank transfer to other banks?

Does Independent Farmers Bank have quick pay?

Does Independent Farmers Bank accept rolled coins?

Will Independent Farmers Bank accept loose change?

Where is Independent Farmers Bank headquarters?

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