The Farmers Bank of Mt. Pulaski

Headquarters

130 South Washington Street
Mount Pulaski, IL 62548
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.20% →
1-Year CD 0.35% 1.10% →
2-Year CD 0.65% 1.15% →
5-Year CD 1.35% 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

The Farmers Bank of Mt. Pulaski is an FDIC insured institution located in Mount Pulaski, IL. It was founded in 1872 and has approximately $0.05 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 11319
Date Established 1872
Assets $ 53.56 million
Loans $ 18.09 million
Deposits $ 46.47 million
Capital $ 7.01 million
 

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

Deposit Rates - August 4, 2020

Your Current Location: Connecticut, CT 06828

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
0.15% $10,000 $14,999 Learn More
Money Market
0.15% $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
0.25% $100,000 $199,999 Learn More
6 Mo CD
0.15% $10,000 $14,999 Learn More
6 Mo CD
0.25% $100,000 $199,999 Learn More
12 Mo CD
0.25% $10,000 $14,999 Learn More
12 Mo CD
0.35% $100,000 $199,999 Learn More
24 Mo CD
0.55% $10,000 $14,999 Learn More
24 Mo CD
0.65% $100,000 $199,999 Learn More
36 Mo CD
1.00% $10,000 $14,999 Learn More
36 Mo CD
1.10% $100,000 $199,999 Learn More
48 Mo CD
1.25% $10,000 $14,999 Learn More
48 Mo CD
1.35% $100,000 $199,999 Learn More
60 Mo CD
1.25% $10,000 $14,999 Learn More
60 Mo CD
1.35% $100,000 $199,999 Learn More

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

Loan Rates - August 4, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for The Farmers Bank of Mt. Pulaski

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
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.930% 2.875% 0.75 $1,760 $1,038 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More
Rocket Mortgage
NMLS ID: 3030
3.368% 3.250% 1.00 $3,750 $1,089 Learn More

Featured - Connecticut 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
People's United Bank, N.A.
People's United Bank, N.A.
4.000 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info

Note to The Farmers Bank of Mt. Pulaski
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Branches

The Farmers Bank of Mt. Pulaski 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 Mt. Pulaski Locations


Financial Details

The Farmers Bank of Mt. Pulaski Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The Farmers Bank of Mt. Pulaski. 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 Mt. Pulaski U.S. Bank Average
1.63% 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, The Farmers Bank of Mt. Pulaski had $69,000 in non-current loans and $50,000 in owned real estate. To cover these potential losses it had $7,005,000 in equity and $301,000 in loans loss reserves. That gives it a Texas Ratio of 1.63%.

Return on Equity
The Farmers Bank of Mt. Pulaski U.S. Bank Average
4.09% 7.80%

The Farmers Bank of Mt. Pulaski has a Return on Equity of 4.09% 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
The Farmers Bank of Mt. Pulaski U.S. Bank Average
13.08% 12.68%

The Farmers Bank of Mt. Pulaski has a Capitalization of 13.08% 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.

The Farmers Bank of Mt. Pulaski Balance Sheet Analysis

As of March 31, 2020, The Farmers Bank of Mt. Pulaski had assets of $53,556,000, loans of $18,092,000, and deposits of $46,469,000. 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 $ 17.27 million
Interest-bearing balances $ 15.84 million
Total securities $ 17.06 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 18.09 million
Loan loss allowance $ 0.30 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.05 million
Goodwill and other intangibles N.A.
All other assets $ 0.40 million
     Total Assets $ 46.55 million
LIABILITIES
Total deposits $ 46.47 million
      Interest-bearing deposits $ 39.62 million
      Deposits held in domestic offices $ 46.47 million
      % insured (estimated) 69.24%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.08 million
      Total Liabilities $ 46.55 million
      Shareholders’ Equity $ 7.01 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.44 million
Total Interest Expense $ 0.12 million
Net interest income $ 0.32 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.01 million
Total non interest expense $ 0.28 million
Pre-tax Net Operating Income $ 0.06 million

Bank Loan Profile?

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

Compared to other banks in Illinois, The Farmers Bank of Mt. Pulaski has a significantly higher percent of 1-4 Family Residential 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 66.16
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 3.63
Small Business Loans 1.82
Construction and Development Loans 0.07
Commercial Real Estate 1.82
Commercial and Industrial Loans 8.45
Farm Loans 14.25

Frequently Asked Questions About The Farmers Bank Of Mt. Pulaski

Branches and Savings

Is The Farmers Bank Of Mt. Pulaski FDIC insured?

Yes. It is covered under FDIC Certificate #11319.

Why does The Farmers Bank Of Mt. Pulaski 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 Mt. Pulaski CD rates not competitive?

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

Is The Farmers Bank Of Mt. Pulaski a commercial bank?

Yes

Where are The Farmers Bank Of Mt. Pulaski locations?

See branch locations nearby.

Is The Farmers Bank Of Mt. Pulaski open on Saturdays?

Is The Farmers Bank Of Mt. Pulaski open on Sundays?

What time does The Farmers Bank Of Mt. Pulaski open?

What time does The Farmers Bank Of Mt. Pulaski close?

Are The Farmers Bank Of Mt. Pulaski ATMs Open 24/7?

Do The Farmers Bank Of Mt. Pulaski ATMs accept cash deposits?

Can The Farmers Bank Of Mt. Pulaski customers use other ATMs?

Do The Farmers Bank Of Mt. Pulaski branches have notaries?

Will The Farmers Bank Of Mt. Pulaski notarize my document?

What address for The Farmers Bank Of Mt. Pulaski should I put for incoming ACH transfers?

Will the The Farmers Bank Of Mt. Pulaski branch print checks?

Do The Farmers Bank Of Mt. Pulaski checks expire?

Does The Farmers Bank Of Mt. Pulaski require US citizenship to open account?

Can The Farmers Bank Of Mt. Pulaski close my account?

Does The Farmers Bank Of Mt. Pulaski Report to credit bureaus?

Does The Farmers Bank Of Mt. Pulaski Use Equifax?

What is The Farmers Bank Of Mt. Pulaski's ACH Routing Number?

What is The Farmers Bank Of Mt. Pulaski's SWIFT code?

Products

Does The Farmers Bank Of Mt. Pulaski offer mortgages?

Compare mortgage rates here.

Does The Farmers Bank Of Mt. Pulaski offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does The Farmers Bank Of Mt. Pulaski offer personal loans?

Compare personal loan rates here.

Does The Farmers Bank Of Mt. Pulaski offer student loans?

Will The Farmers Bank Of Mt. Pulaski cash a check?

Will The Farmers Bank Of Mt. Pulaski redeem a savings bond?

Does The Farmers Bank Of Mt. Pulaski cash savings bonds?

Will The Farmers Bank Of Mt. Pulaski cash money orders?

Can The Farmers Bank Of Mt. Pulaski issue a money order?

Does The Farmers Bank Of Mt. Pulaski do currency exchange?

Background on The Bank

Who owns The Farmers Bank Of Mt. Pulaski?

How long has The Farmers Bank Of Mt. Pulaski been around?

Can The Farmers Bank Of Mt. Pulaski transfer to other banks?

Does The Farmers Bank Of Mt. Pulaski have quick pay?

Does The Farmers Bank Of Mt. Pulaski accept rolled coins?

Will The Farmers Bank Of Mt. Pulaski accept loose change?

Where is The Farmers Bank Of Mt. Pulaski headquarters?

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