Farmers State Bank (IN) is headquartered in Mentone and is the 85th largest bank in the state of Indiana. It is also the 3,901st largest bank in the nation. It was established in 1892 and as of March of 2014, it had grown to 40 employees at 5 locations. Farmers State Bank (IN) has a A+ health rating.
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 March 31, 2014 Farmers State Bank (IN) had $430,000 in non-current loans and owned real-estate with $15.5 million in equity and loan loss allowances on hand to cover it. This gives Farmers State Bank (IN) a Texas Ratio of 2.77% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Farmers State Bank (IN) experienced no significant changes from 0.35% as of March 31, 2013 to 2.77% as of March 31, 2014, resulting in a negative change of 692.35%. This indicates that the balance sheet and financial strength for Farmers State Bank (IN) has had no significant changes in recent periods.
In the past year, Farmers State Bank (IN) has increased its total deposits by $6.77 million, resulting in 6.55% 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 $139.5 million in assets with $15.5 million in equity, resulting in a capitalization level of 11.11%, which is excellent.
|FDIC Certificate #||9290|
|Assets and Liabilities|
|Equity Capital||$13.77 million|
|Loan Loss Allowance||$1.73 million|
|Unbacked Noncurrent Loans||$430,000|
|Real Estate Owned||$0|
|Historic Data - March 2013|
|Equity Capital||$13.19 million|
|Loan Loss Allowance||$1.66 million|
|Real Estate Owned||$52,000|
|Profit Margin - Quarterly|
|Net Interest Margin||3.78%|
|Return on Assets||0.79%|
|Return on Equity||8.11%|
|Interest Income||$1.35 million|
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|0.20%||$100k||-||Smart Money Savings Account|
|0.03%||$100||-||Statement Savings Account|
|0.20%||$500k||-||FSB Premier Business Checking|
|0.10%||$25k||-||Insured Money Market Fund|
|0.15%||$100k||-||FSB Interest Checking Account|
|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|
|0.15%||$1k||-||18 Month Variable IRA|
|Farmers State Bank (IN) Locations|
|Farmers State Bank||102 East Main Street||Mentone, IN 46539|
|Leesburg Branch||200 Main Street||Leesburg, IN 46538|
|East Center Street Branch||2102 East Center Street||Warsaw, IN 46580|
|Syracuse Branch||411 South Huntington Street||Syracuse, IN 46567|
|Warsaw Branch||433 Anchorage Rd||Warsaw, IN 46580|