The Farmers National Bank of Canfield

Headquarters

20 South Broad Street
Canfield, OH 44406
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.04% 1.40% →
1-Year CD 0.15% 1.15% →
2-Year CD 0.75% 1.26% →
5-Year CD 0.95% 1.60% →
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 National Bank of Canfield is an FDIC insured institution located in Canfield, OH. It was founded in 1887 and has approximately $2.43 billion in assets. Customers can open an account at one of its 41 branches.

FDIC Insured Yes
FDIC Certificate # 6540
Date Established 1887
Assets $ 2.43 billion
Loans $ 1,799.50 million
Deposits $ 2.04 billion
Capital $ 259.63 million
 

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

Deposit Rates - July 3, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.04% $100 - Learn More
Money Market
0.08% $7,500 $24,999 Learn More
Money Market
0.18% $25,000 - Learn More
CD Rates APY MIN MAX
3 Mo CD
0.03% $1,000 - Learn More
Special: 3 Mo CD
0.40% $2,500 - Learn More
Special: 6 Mo CD
0.50% $1,000 $3,000,000 Learn More
6 Mo CD
0.10% $1,000 - Learn More
Special: 11 Mo CD
0.55% $1,000 - Learn More
12 Mo CD
0.15% $500 - Learn More
18 Mo CD
0.20% $500 - Learn More
Special: 18 Mo CD
0.80% $1,000 - Learn More
24 Mo CD
0.25% $500 - Learn More
Special: 24 Mo CD
0.75% $5,000 - Learn More
30 Mo CD
0.25% $500 - Learn More
36 Mo CD
0.35% $500 - Learn More
Special: 36 Mo CD
0.75% $5,000 - Learn More
48 Mo CD
0.45% $500 - Learn More
60 Mo CD
0.65% $500 - Learn More
Special: 60 Mo CD
0.95% $2,500 $250,000 Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.20% $100 - Learn MoreShow Less
Special: 6 Mo FIRA
0.50% $1,000 $3,000,000 Learn MoreShow Less
Special: 11 Mo FIRA
0.55% $1,000 - Learn MoreShow Less
Special: 18 Mo FIRA
0.75% $1,000 - Learn MoreShow Less
Special: 24 Mo FIRA
0.75% $5,000 - Learn MoreShow Less
Special: 36 Mo FIRA
0.75% $5,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.10% $25 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $1 $9,999 Learn MoreShow Less

Loan Rates - July 3, 2020

Your Current Location: Virginia, VA 20146

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

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.039% 3.000% 0.50 $1,250 $1,055 Learn More

Featured - Virginia 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

Note to The Farmers National Bank of Canfield
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Branches

The Farmers National Bank of Canfield 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 National Bank of Canfield Locations


Financial Details

The Farmers National Bank of Canfield Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The Farmers National Bank of Canfield. 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 National Bank of Canfield U.S. Bank Average
2.32% 6.51%

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, 2019, The Farmers National Bank of Canfield had $6,346,000 in non-current loans and $19,000 in owned real estate. To cover these potential losses it had $259,627,000 in equity and $14,487,000 in loans loss reserves. That gives it a Texas Ratio of 2.32%.

Return on Equity
The Farmers National Bank of Canfield U.S. Bank Average
13.22% 9.41%

The Farmers National Bank of Canfield has a Return on Equity of 13.22% versus the BestCashCow average of 9.41%. 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 National Bank of Canfield U.S. Bank Average
10.68% 12.82%

The Farmers National Bank of Canfield has a Capitalization of 10.68% versus the BestCashCow average of 12.82. 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 National Bank of Canfield Balance Sheet Analysis

As of December 31, 2019, The Farmers National Bank of Canfield had assets of $2,432,103,000, loans of $1,799,496,000, and deposits of $2,036,013,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $ 65.30 million
Interest-bearing balances $ 30.45 million
Total securities $ 427.62 million
Federal funds sold and reverse repurchase $ 0.63 million
Net loans and leases $ 1,799.50 million
Loan loss allowance $ 14.49 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.02 million
Goodwill and other intangibles $ 38.86 million
All other assets $ 76.59 million
     Total Assets $ 2.17 billion
LIABILITIES
Total deposits $ 2.04 billion
      Interest-bearing deposits $ 1,574.14 million
      Deposits held in domestic offices $ 2.04 billion
      % insured (estimated) 71.02%
Federal funds purchased and repurchase agreements $ 1.70 million
Trading liabilities N.A.
Other borrowed funds $ 118.82 million
Subordinated debt N.A.
All other liabilities $ 15.94 million
      Total Liabilities $ 2.17 billion
      Shareholders’ Equity $ 259.63 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 101.76 million
Total Interest Expense $ 19.46 million
Net interest income $ 82.30 million
Provision for loan and lease losses $ 2.45 million
Total non interest income $ 19.67 million
Total non interest expense $ 57.93 million
Pre-tax Net Operating Income $ 41.59 million

Bank Loan Profile?

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

Compared to other banks, The Farmers National Bank of Canfield’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 27.46
Multifamily
Mortgages
2.30
Credit Card Loans 0.19
Consumer Auto Loans 9.28
Small Business Loans 10.22
Construction and Development Loans 3.74
Commercial Real Estate 28.43
Commercial and Industrial Loans 11.77
Farm Loans 2.91

Frequently Asked Questions About The Farmers National Bank Of Canfield

Branches and Savings

Is The Farmers National Bank Of Canfield FDIC insured?

Yes. It is covered under FDIC Certificate #6540.

Why does The Farmers National Bank Of Canfield 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 National Bank Of Canfield CD rates not competitive?

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

Is The Farmers National Bank Of Canfield a commercial bank?

Yes

Where are The Farmers National Bank Of Canfield locations?

See branch locations nearby.

Is The Farmers National Bank Of Canfield open on Saturdays?

Is The Farmers National Bank Of Canfield open on Sundays?

What time does The Farmers National Bank Of Canfield open?

What time does The Farmers National Bank Of Canfield close?

Are The Farmers National Bank Of Canfield ATMs Open 24/7?

Do The Farmers National Bank Of Canfield ATMs accept cash deposits?

Can The Farmers National Bank Of Canfield customers use other ATMs?

Do The Farmers National Bank Of Canfield branches have notaries?

Will The Farmers National Bank Of Canfield notarize my document?

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

Will the The Farmers National Bank Of Canfield branch print checks?

Do The Farmers National Bank Of Canfield checks expire?

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

Can The Farmers National Bank Of Canfield close my account?

Does The Farmers National Bank Of Canfield Report to credit bureaus?

Does The Farmers National Bank Of Canfield Use Equifax?

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

What is The Farmers National Bank Of Canfield's SWIFT code?

Products

Does The Farmers National Bank Of Canfield offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does The Farmers National Bank Of Canfield offer personal loans?

Compare personal loan rates here.

Does The Farmers National Bank Of Canfield offer student loans?

Will The Farmers National Bank Of Canfield cash a check?

Will The Farmers National Bank Of Canfield redeem a savings bond?

Does The Farmers National Bank Of Canfield cash savings bonds?

Will The Farmers National Bank Of Canfield cash money orders?

Can The Farmers National Bank Of Canfield issue a money order?

Does The Farmers National Bank Of Canfield do currency exchange?

Background on The Bank

Who owns The Farmers National Bank Of Canfield?

How long has The Farmers National Bank Of Canfield been around?

Can The Farmers National Bank Of Canfield transfer to other banks?

Does The Farmers National Bank Of Canfield have quick pay?

Does The Farmers National Bank Of Canfield accept rolled coins?

Will The Farmers National Bank Of Canfield accept loose change?

Where is The Farmers National Bank Of Canfield headquarters?

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