The Farmers State Bank

101 South Main Street
New Madison, OH 45346

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 14991
Date Established 1919
Assets $0.18 billion
Loans $0.13 billion
Deposits $0.14 billion
Capital $0.02 billion

The Farmers State Bank is an FDIC insured institution located in New Madison, OH. It was founded in 1919 and has approximately $0.18 billion in assets. Customers can open an account at one of its 8 branches.

For a more detailed analysis of The Farmers State Bank'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 State Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Farm Loans.

Compared to other banks in Ohio, The Farmers State 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 39.46
Multifamily
Mortgages
1.03
Credit Card Loans 0.00
Consumer Auto Loans 5.50
Small Business Loans 9.50
Construction and Development Loans 2.86
Commercial Real Estate 11.62
Commercial and Industrial Loans 5.53
Farm Loans 9.73

Deposit Rates - June 24, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.05% $1,000 $24,999 Learn MoreShow Less
Money Market
0.10% $25,000 $74,999 Learn MoreShow Less
Premium Money Market Account
0.25% $10,000 - Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.05% $1,000 - Learn MoreShow Less
6 Mo CD
0.10% $1,000 - Learn MoreShow Less
12 Mo CD
0.15% $1,000 - Learn MoreShow Less
Special: 18 Mo CD
2.25% $1,000 - Learn MoreShow Less
18 Mo CD
0.20% $1,000 - Learn MoreShow Less
24 Mo CD
0.35% $1,000 - Learn MoreShow Less
Special: 30 Mo CD
2.60% $1,000 - Learn MoreShow Less
30 Mo CD
0.40% $1,000 - Learn MoreShow Less
36 Mo CD
0.45% $1,000 - Learn MoreShow Less
48 Mo CD
0.70% $1,000 - Learn MoreShow Less
60 Mo CD
0.85% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.15% $500 - Learn MoreShow Less
Special: 18 Mo FIRA
2.25% $500 - Learn MoreShow Less
Special: 30 Mo FIRA
2.60% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.02% $100 $499 Learn MoreShow Less
Int Ckg
0.05% $500 $4,999 Learn MoreShow Less

Loan Rates - June 24, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for The Farmers State Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

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 State Bank
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Branches

The Farmers State Bank 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 State Bank Locations


Financial Details

The Farmers State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The Farmers State Bank. 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 State Bank U.S. Bank Average
3.81% 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 State Bank had $214,000 in non-current loans and $618,000 in owned real estate. To cover these potential losses it had $20,011,000 in equity and $1,838,000 in loans loss reserves. That gives it a Texas Ratio of 3.81%.

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

The Farmers State Bank 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 State Bank U.S. Bank Average
11.07% 12.29%

The Farmers State Bank has a Capitalization of 11.07% 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 State Bank Balance Sheet Analysis

As of December 31, 2018, The Farmers State Bank had assets of $180,769,000, loans of $130,845,000, and deposits of $140,309,000. 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 $0.01 billion
Interest-bearing balances $0.01 billion
Total securities $0.03 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.13 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 $0.16 billion
LIABILITIES
Total deposits $0.14 billion
      Interest-bearing deposits $0.12 billion
      Deposits held in domestic offices $0.14 billion
      % insured (estimated) 80.43%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.02 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.16 billion
      Shareholders’ Equity $0.02 billion

Summary Income Statement

December 31, 2018
INCOME AND EXPENSES
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 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 State Bank

Branches and Savings

Is The Farmers State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #14991.

Why does The Farmers State Bank 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 State Bank CD rates not competitive?

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

Is The Farmers State Bank a commercial bank?

Yes

Where are The Farmers State Bank locations?

See branch locations nearby.

Is The Farmers State Bank open on Saturdays?

Is The Farmers State Bank open on Sundays?

What time does The Farmers State Bank open?

What time does The Farmers State Bank close?

Are The Farmers State Bank ATMs Open 24/7?

Do The Farmers State Bank ATMs accept cash deposits?

Can The Farmers State Bank customers use other ATMs?

Do The Farmers State Bank branches have notaries?

Will The Farmers State Bank notarize my document?

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

Will the The Farmers State Bank branch print checks?

Do The Farmers State Bank checks expire?

Does The Farmers State Bank require US citizenship to open account?

Can The Farmers State Bank close my account?

Does The Farmers State Bank Report to credit bureaus?

Does The Farmers State Bank Use Equifax?

What is The Farmers State Bank's ACH Routing Number?

What is The Farmers State Bank's SWIFT code?

Products

Does The Farmers State Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does The Farmers State Bank offer personal loans?

Compare personal loan rates here.

Does The Farmers State Bank offer student loans?

Will The Farmers State Bank cash a check?

Will The Farmers State Bank redeem a savings bond?

Does The Farmers State Bank cash savings bonds?

Will The Farmers State Bank cash money orders?

Can The Farmers State Bank issue a money order?

Does The Farmers State Bank do currency exchange?

Background on The Bank

Who owns The Farmers State Bank?

How long has The Farmers State Bank been around?

Can The Farmers State Bank transfer to other banks?

Does The Farmers State Bank have quick pay?

Does The Farmers State Bank accept rolled coins?

Will The Farmers State Bank accept loose change?

Where is The Farmers State Bank headquarters?

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