The Farmers Bank of Appomattox

Headquarters

223 Main Street
Appomattox, VA 24522
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.65% →
1-Year CD 0.45% 0.67% →
2-Year CD 0.55% 0.75% →
5-Year CD 0.85% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

The Farmers Bank of Appomattox is an FDIC insured institution located in Appomattox, VA. It was founded in 1918 and has approximately $0.27 billion in assets. Customers can open an account at one of its 5 branches.

FDIC Insured Yes
FDIC Certificate # 6813
Date Established 1918
Assets $ 274.36 million
Loans $ 164.57 million
Deposits $ 233.62 million
Capital $ 36.23 million
 

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

Deposit Rates - May 6, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $10 - Learn More
Money Market
0.10% $1,000 $9,999 Learn More
Money Market
0.15% $10,000 $24,999 Learn More
Money Market
0.20% $25,000 $49,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.20% $1,000 $99,999 Learn More
6 Mo CD
0.30% $100,000 - Learn More
12 Mo CD
0.30% $1,000 $99,999 Learn More
Special: 12 Mo CD
0.15% $5,000 - Learn More
12 Mo CD
0.45% $100,000 - Learn More
18 Mo CD
0.35% $1,000 $99,999 Learn More
Special: 18 Mo CD
0.40% $10,000 - Learn More
24 Mo CD
0.40% $1,000 $99,999 Learn More
24 Mo CD
0.55% $100,000 - Learn More
36 Mo CD
0.50% $1,000 $99,999 Learn More
36 Mo CD
0.65% $100,000 - Learn More
60 Mo CD
0.70% $1,000 $99,999 Learn More
60 Mo CD
0.85% $100,000 - Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $100 - Learn MoreShow Less
 

Loan Rates - May 6, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for The Farmers Bank of Appomattox

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 2021

Lender APR Rate (%) Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.368% 3.250%
1.00 points
$3,750 fees
$1,089 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info
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

Note to The Farmers Bank of Appomattox
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Branches

The Farmers Bank of Appomattox 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:
Fairfield,Connecticut


The Farmers Bank of Appomattox Locations


Financial Details

The Farmers Bank of Appomattox Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The Farmers Bank of Appomattox. 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
The Farmers Bank of Appomattox U.S. Bank Average
5.01% 5.49%

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 December 31, 2020, The Farmers Bank of Appomattox had $1,720,000 in non-current loans and $148,000 in owned real estate. To cover these potential losses it had $36,225,000 in equity and $1,081,000 in loans loss reserves. That gives it a Texas Ratio of 5.01%.

Return on Equity
The Farmers Bank of Appomattox U.S. Bank Average
7.67% 9.24%

The Farmers Bank of Appomattox has a Return on Equity of 7.67% versus the BestCashCow average of 9.24%. 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
The Farmers Bank of Appomattox U.S. Bank Average
13.2% 11.96%

The Farmers Bank of Appomattox has a Capitalization of 13.2% versus the BestCashCow average of 11.96. 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.

The Farmers Bank of Appomattox Balance Sheet Analysis

As of December 31, 2020, The Farmers Bank of Appomattox had assets of $274,364,000, loans of $164,571,000, and deposits of $233,621,000. 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

December 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 13.49 million
Interest-bearing balances $ 6.97 million
Total securities $ 81.62 million
Federal funds sold and reverse repurchase $ 0.22 million
Net loans and leases $ 164.57 million
Loan loss allowance $ 1.08 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.15 million
Goodwill and other intangibles N.A.
All other assets $ 11.64 million
     Total Assets $ 238.14 million
LIABILITIES
Total deposits $ 233.62 million
      Interest-bearing deposits $ 178.30 million
      Deposits held in domestic offices $ 233.62 million
      % insured (estimated) 89.16%
Federal funds purchased and repurchase agreements $ 2.93 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 1.59 million
      Total Liabilities $ 238.14 million
      Shareholders’ Equity $ 36.23 million

Summary Income Statement

December 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 9.72 million
Total Interest Expense $ 0.98 million
Net interest income $ 8.74 million
Provision for loan and lease losses $ 0.14 million
Total non interest income $ 0.96 million
Total non interest expense $ 6.61 million
Pre-tax Net Operating Income $ 2.94 million

Bank Loan Profile?

The top three loan types in The Farmers Bank of Appomattox’s loan portfolio are 1-4 Family Residential Loans, Consumer Auto Loans, and Commercial Real Estate.

Compared to other banks in Virginia, The Farmers Bank of Appomattox has a significantly higher percent of Consumer Auto 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 44.25
Multifamily
Mortgages
0.87
Credit Card Loans 0.00
Consumer Auto Loans 19.05
Small Business Loans 7.17
Construction and Development Loans 5.36
Commercial Real Estate 14.09
Commercial and Industrial Loans 10.78
Farm Loans 0.92

Frequently Asked Questions About The Farmers Bank Of Appomattox

Branches and Savings

Is The Farmers Bank Of Appomattox FDIC insured?

Yes. It is covered under FDIC Certificate #6813.

Why does The Farmers Bank Of Appomattox pay such low interest on savings accounts?

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

Why are The Farmers Bank Of Appomattox CD rates not competitive?

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

Is The Farmers Bank Of Appomattox a commercial bank?

Yes

Where are The Farmers Bank Of Appomattox locations?

See branch locations nearby.

Is The Farmers Bank Of Appomattox open on Saturdays?

Is The Farmers Bank Of Appomattox open on Sundays?

What time does The Farmers Bank Of Appomattox open?

What time does The Farmers Bank Of Appomattox close?

Are The Farmers Bank Of Appomattox ATMs Open 24/7?

Do The Farmers Bank Of Appomattox ATMs accept cash deposits?

Can The Farmers Bank Of Appomattox customers use other ATMs?

Do The Farmers Bank Of Appomattox branches have notaries?

Will The Farmers Bank Of Appomattox notarize my document?

What address for The Farmers Bank Of Appomattox should I put for incoming ACH transfers?

Will the The Farmers Bank Of Appomattox branch print checks?

Do The Farmers Bank Of Appomattox checks expire?

Does The Farmers Bank Of Appomattox require US citizenship to open account?

Can The Farmers Bank Of Appomattox close my account?

Does The Farmers Bank Of Appomattox Report to credit bureaus?

Does The Farmers Bank Of Appomattox Use Equifax?

What is The Farmers Bank Of Appomattox's ACH Routing Number?

What is The Farmers Bank Of Appomattox's SWIFT code?

Products

Does The Farmers Bank Of Appomattox offer mortgages?

Compare mortgage rates here.

Does The Farmers Bank Of Appomattox offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does The Farmers Bank Of Appomattox offer personal loans?

Compare personal loan rates here.

Does The Farmers Bank Of Appomattox offer student loans?

Will The Farmers Bank Of Appomattox cash a check?

Will The Farmers Bank Of Appomattox redeem a savings bond?

Does The Farmers Bank Of Appomattox cash savings bonds?

Will The Farmers Bank Of Appomattox cash money orders?

Can The Farmers Bank Of Appomattox issue a money order?

Does The Farmers Bank Of Appomattox do currency exchange?

Background on The Bank

Who owns The Farmers Bank Of Appomattox?

How long has The Farmers Bank Of Appomattox been around?

Can The Farmers Bank Of Appomattox transfer to other banks?

Does The Farmers Bank Of Appomattox have quick pay?

Does The Farmers Bank Of Appomattox accept rolled coins?

Will The Farmers Bank Of Appomattox accept loose change?

Where is The Farmers Bank Of Appomattox headquarters?

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