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574-353-7521
102 East Main Street
Mentone, IN 46539

Farmers State Bank (IN) is headquartered in Mentone and is the 84th largest bank in the state of Indiana. It is also the 3,853rd largest bank in the nation. It was established in 1892 and as of December of 2013, it had grown to 42 employees at 5 locations. Farmers State Bank (IN) has a A+ health rating.

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Reviews (1)

Not Available Nationally

The bank does not open accounts unless you are local.



Health

Data for Q4 2013

Institution Health

A+

Texas Ratio

GRADE:
A+

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 December 31, 2013 Farmers State Bank (IN) had $369,000 in non-current loans and owned real-estate with $15.27 million in equity and loan loss allowances on hand to cover it. This gives Farmers State Bank (IN) a Texas Ratio of 2.42% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Farmers State Bank (IN) experienced no significant changes from 0.35% as of December 31, 2012 to 2.42% as of December 31, 2013, resulting in a negative change of 580.90%. This indicates that the balance sheet and financial strength for Farmers State Bank (IN) has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Farmers State Bank (IN) has increased its total deposits by $16.13 million, resulting in 16.73% 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.

Capitalization

GRADE:
B+

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 $142.07 million in assets with $15.27 million in equity, resulting in a capitalization level of 10.75%, which is above average.

Institution Statistics

Overall
FDIC Certificate #9290
Year Established1892
Employees42
Primary RegulatorFDIC
Assets and Liabilities
Assets$142.07 million
Loans$98.39 million
Deposits$112.54 million
Equity Capital$13.56 million
Loan Loss Allowance$1.71 million
Unbacked Noncurrent Loans$369,000
Real Estate Owned$0
Historic Data - December 2012
Assets$125.22 million
Equity Capital$12.98 million
Loan Loss Allowance$1.67 million
Real Estate Owned$52,000
Profit Margin - Quarterly
Net Interest Margin3.74%
Return on Assets0.92%
Return on Equity9.35%
Interest Income$5.26 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Farmers State Bank (IN), we are a rate comparison website and can not provide official rates or promotions.

Farmers State Bank (IN) Savings Account Rates

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

Farmers State Bank (IN) Money Market Rates

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

Farmers State Bank (IN) Checking Account Rates

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

Farmers State Bank (IN) CD Rates

DetailsAPYMINMAXPRODUCT
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

DetailsAPYMINMAXPRODUCT
0.15%$1k-18 Month Variable IRA
Locations


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