The Farmers Bank of Willards

7484 Market Street
Willards, MD 21874

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 5885
Date Established 1925
Assets $0.38 billion
Loans $0.33 billion
Deposits $0.30 billion
Capital $0.04 billion

The Farmers Bank of Willards is an FDIC insured institution located in Willards, MD. It was founded in 1925 and has approximately $0.38 billion in assets. Customers can open an account at one of its 9 branches.

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

Bank Loan Profile?

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

Compared to other banks, The Farmers Bank of Willards’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 44.63
Multifamily
Mortgages
2.31
Credit Card Loans 0.22
Consumer Auto Loans 0.39
Small Business Loans 9.34
Construction and Development Loans 10.51
Commercial Real Estate 24.04
Commercial and Industrial Loans 9.47
Farm Loans 0.05

Deposit Rates - April 21, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.10% $1,000 $24,999 Learn MoreShow Less
Money Market
0.25% $25,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
6 Mo CD
0.40% $1,000 - Learn MoreShow Less
12 Mo CD
0.75% $1,000 - Learn MoreShow Less
18 Mo CD
0.75% $1,000 - Learn MoreShow Less
24 Mo CD
1.00% $1,000 - Learn MoreShow Less
36 Mo CD
1.26% $1,000 - Learn MoreShow Less
48 Mo CD
1.36% $1,000 - Learn MoreShow Less
60 Mo CD
2.02% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.90% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.30% $1 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1,000 - Learn MoreShow Less

Loan Rates - April 21, 2019

Your Current Location: Virginia, VA 20146

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

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 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.375% 5.375% 0.00 $0 $1,400 Learn More
J.G. Wentworth Home Lending, LLC
NMLS ID: 2925
License#: MC-1875
4.030% 4.000% 0.38 $892 $1,194 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
5.500 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info

Note to The Farmers Bank of Willards
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Branches

The Farmers Bank of Willards 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


The Farmers Bank of Willards Locations


Financial Details

The Farmers Bank of Willards Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The Farmers Bank of Willards. 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 Willards U.S. Bank Average
17.62% 6.97%

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 December 31, 2018, The Farmers Bank of Willards had $4,968,000 in non-current loans and $2,720,000 in owned real estate. To cover these potential losses it had $40,327,000 in equity and $3,298,000 in loans loss reserves. That gives it a Texas Ratio of 17.62%.

Return on Equity
The Farmers Bank of Willards U.S. Bank Average
8.5% 8.80%

The Farmers Bank of Willards has a Return on Equity of 8.5% versus the BestCashCow average of 8.80%. 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 Willards U.S. Bank Average
10.73% 12.29%

The Farmers Bank of Willards has a Capitalization of 10.73% versus the BestCashCow average of 12.29. 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 Willards Balance Sheet Analysis

As of December 31, 2018, The Farmers Bank of Willards had assets of $375,707,000, loans of $326,492,000, and deposits of $300,165,000. 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, 2018
ASSETS
Cash & Balances due from depository institutions $0.02 billion
Interest-bearing balances $0.01 billion
Total securities $0.01 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.33 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 $0.01 billion
     Total Assets $0.34 billion
LIABILITIES
Total deposits $0.30 billion
      Interest-bearing deposits $0.23 billion
      Deposits held in domestic offices $0.30 billion
      % insured (estimated) 93.51%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.03 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.34 billion
      Shareholders’ Equity $0.04 billion

Summary Income Statement

December 31, 2018
INCOME AND EXPENSES
Total Interest Income $0.02 billion
Total Interest Expense $0.00 billion
Net interest income $0.02 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.01 billion
Pre-tax Net Operating Income $0.00 billion

Frequently Asked Questions About The Farmers Bank Of Willards

Branches and Savings

Is The Farmers Bank Of Willards FDIC insured?

Yes. It is covered under FDIC Certificate #5885.

Why does The Farmers Bank Of Willards 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 Willards CD rates not competitive?

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

Is The Farmers Bank Of Willards a commercial bank?

Yes

Where are The Farmers Bank Of Willards locations?

See branch locations nearby.

Is The Farmers Bank Of Willards open on Saturdays?

Is The Farmers Bank Of Willards open on Sundays?

What time does The Farmers Bank Of Willards open?

What time does The Farmers Bank Of Willards close?

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

Do The Farmers Bank Of Willards ATMs accept cash deposits?

Can The Farmers Bank Of Willards customers use other ATMs?

Do The Farmers Bank Of Willards branches have notaries?

Will The Farmers Bank Of Willards notarize my document?

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

Will the The Farmers Bank Of Willards branch print checks?

Do The Farmers Bank Of Willards checks expire?

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

Can The Farmers Bank Of Willards close my account?

Does The Farmers Bank Of Willards Report to credit bureaus?

Does The Farmers Bank Of Willards Use Equifax?

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

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

Products

Does The Farmers Bank Of Willards offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does The Farmers Bank Of Willards offer personal loans?

Compare personal loan rates here.

Does The Farmers Bank Of Willards offer student loans?

Will The Farmers Bank Of Willards cash a check?

Will The Farmers Bank Of Willards redeem a savings bond?

Does The Farmers Bank Of Willards cash savings bonds?

Will The Farmers Bank Of Willards cash money orders?

Can The Farmers Bank Of Willards issue a money order?

Does The Farmers Bank Of Willards do currency exchange?

Background on The Bank

Who owns The Farmers Bank Of Willards?

How long has The Farmers Bank Of Willards been around?

Can The Farmers Bank Of Willards transfer to other banks?

Does The Farmers Bank Of Willards have quick pay?

Does The Farmers Bank Of Willards accept rolled coins?

Will The Farmers Bank Of Willards accept loose change?

Where is The Farmers Bank Of Willards headquarters?

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