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102 East Main Street
Mentone, IN 46539

Farmers State Bank (IN) is headquartered in Mentone and is the 86th largest bank in the state of Indiana. It is also the 3,891st largest bank in the nation. It was established in 1892 and as of June of 2014, it had grown to 41 employees at 5 locations. Farmers State Bank (IN) has a A+ health rating.

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The bank does not open accounts unless you are local.


Data for Q2 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of June 30, 2014 Farmers State Bank (IN) had $451,000 in non-current loans and owned real-estate with $15.74 million in equity and loan loss allowances on hand to cover it. This gives Farmers State Bank (IN) a Texas Ratio of 2.87% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Farmers State Bank (IN) experienced no significant changes from 0.30% as of June 30, 2013 to 2.87% as of June 30, 2014, resulting in a negative change of 864.57%. This indicates that the balance sheet and financial strength for Farmers State Bank (IN) has had no significant changes in recent periods.

Deposit Growth


In the past year, Farmers State Bank (IN) has increased its total deposits by $7.11 million, resulting in 6.93% 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 State Bank (IN) has shown is excellent.



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 State Bank (IN) has $138.67 million in assets with $15.74 million in equity, resulting in a capitalization level of 11.35%, which is excellent.

Institution Statistics

FDIC Certificate #9290
Year Established1892
Primary RegulatorFDIC
Assets and Liabilities
Assets$138.67 million
Loans$98.15 million
Deposits$109.82 million
Equity Capital$14.09 million
Loan Loss Allowance$1.65 million
Unbacked Noncurrent Loans$427,000
Real Estate Owned$24,000
Historic Data - June 2013
Assets$132.32 million
Equity Capital$13.15 million
Loan Loss Allowance$1.66 million
Unbacked Noncurrent Loans$427,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.92%
Return on Equity9.31%
Interest Income$2.70 million

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Farmers State Bank (IN) Savings Account Rates

0.20%$100k-Smart Money Savings Account
0.03%$100-Statement Savings Account

Farmers State Bank (IN) Money Market Rates

0.20%$500k-FSB Premier Business Checking
0.10%$25k-Insured Money Market Fund

Farmers State Bank (IN) Checking Account Rates

0.15%$100k-FSB Interest Checking Account
0.01%$1k-NOW Account
0.01%$2,500-SuperNOW Account

Farmers State Bank (IN) CD Rates

1.00%$1k-37 Month CD
1.00%$1k-35 Month CD BUMP Special
0.65%$1k-60 Month CD
0.55%$1k-19 Month CD
0.40%$1k-48 Month CD
0.35%$1k-36 Month CD
0.30%$1k-30 Month CD
0.25%$1k-24 Month CD
0.25%$1k-7 Month CD
0.15%$1k-12 Month CD
0.15%$1k-18 Month CD
0.05%$1k-91 Day CD
0.05%$1k-182 Day CD

Farmers State Bank (IN) IRA Rates

0.15%$1k-18 Month Variable IRA

Farmers State Bank (IN) Locations
Farmers State Bank102 East Main StreetMentone, IN 46539
Leesburg Branch200 Main StreetLeesburg, IN 46538
East Center Street Branch2102 East Center StreetWarsaw, IN 46580
Syracuse Branch411 South Huntington StreetSyracuse, IN 46567
Warsaw Branch433 Anchorage RdWarsaw, IN 46580