Institution Statistics
| Farmers Bank | | FDIC Certificate # | 2429 | | BankRate Report | View | | Year Established | 1919 | | Employees | 75 | | Primary Regulator | FED |
Assets and Liabilities | | Assets | $418.46 million | | Loans | $218.29 million | | Deposits | $335.74 million | | Equity Capital | $40.09 million | | Loan Loss Allowance | $9.45 million | | Unbacked Noncurrent Loans | $4.91 million | | Real Estate Owned | $2.29 million |
Historic Data - March 2011 | | Assets | $455.32 million | | Equity Capital | $34.62 million | | Loan Loss Allowance | $10.18 million | | Unbacked Noncurrent Loans | $8.26 million | | Real Estate Owned | $3.05 million |
Profit Margin - Quarterly | | Net Interest Margin | 3.06% | | Return on Assets | 0.68% | | Return on Equity | 7.23% | | Interest Income | $4.44 million |
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Institution Health
Overall Score:
4 out of 5 
| Texas Ratio |  | | The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Farmers Bank (VA) had $7.2 million in non-current loans and owned real-estate with $49.54 million in equity and loan loss allowances on hand to cover it. This gives Farmers Bank (VA) a Texas Ratio of 14.54% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Texas Ratio Trend |  | | The Texas Ratio for Farmers Bank (VA) decreased significantly from 25.24% as of March 31, 2011 to 14.54% as of March 31, 2012, resulting in a positive change of 42.41%.This indicates that the balance sheet and financial strength for Farmers Bank (VA) has improved significantly in recent periods. | | Deposit Growth |  | | In the past year, Farmers Bank (VA) has decreased its total deposits by -$41.99 million, resulting in -11.12% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Farmers Bank (VA) has shown is poor. | | Capitalization | | | Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Farmers Bank (VA) has $418.46 million in assets with $49.54 million in equity, resulting in a capitalization level of 11.84%, which is above average. |
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