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Overview / Commentary
406-642-3431
103 Main Street
Victor, MT 59875

Farmers State Bank (MT) is headquartered in Victor and is the 12st largest bank in the state of Montana. It is also the 1,981st largest bank in the nation. It was established in 1907 and as of March of 2014, it had grown to 119 employees at 8 locations. Farmers State Bank (MT) has a B+ health rating.

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Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
C+

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 (MT) had $10.75 million in non-current loans and owned real-estate with $36.22 million in equity and loan loss allowances on hand to cover it. This gives Farmers State Bank (MT) a Texas Ratio of 29.68% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Farmers State Bank (MT) decreased slightly from 41.01% as of March 31, 2013 to 29.68% as of March 31, 2014, resulting in a positive change of 27.63%.This indicates that the balance sheet and financial strength for Farmers State Bank (MT) has improved slightly in recent periods.

Deposit Growth

GRADE:
A

In the past year, Farmers State Bank (MT) has increased its total deposits by $11.4 million, resulting in 4.08% 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 (MT) 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 (MT) has $331.13 million in assets with $36.22 million in equity, resulting in a capitalization level of 10.94%, which is above average.

Institution Statistics

Overall
FDIC Certificate #342
Year Established1907
Employees119
Primary RegulatorFED
Assets and Liabilities
Assets$331.13 million
Loans$133.75 million
Deposits$291.02 million
Equity Capital$33.66 million
Loan Loss Allowance$2.56 million
Unbacked Noncurrent Loans$3.87 million
Real Estate Owned$6.88 million
Historic Data - March 2013
Assets$319.41 million
Equity Capital$32.76 million
Loan Loss Allowance$3.79 million
Unbacked Noncurrent Loans$3.87 million
Real Estate Owned$7.13 million
Profit Margin - Quarterly
Net Interest Margin3.43%
Return on Assets0.54%
Return on Equity5.38%
Interest Income$2.63 million
Rates

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Farmers State Bank (MT) Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.28%$100k-Negotiated CD
0.25%--IRA
0.25%--SEP IRA
0.25%--Roth IRA
0.25%--Coverdell Education Savings
0.05%--Regular Savings
0.05%--Business Savings
0.05%--Community Savings
0.05%$10k-HSA Checking
0.01%--Transaction Savings
0.01%--Medical Savings

Farmers State Bank (MT) Money Market Rates

DetailsAPYMINMAXPRODUCT
0.15%$100k-Money Market Checking
0.08%$100k-Transfer Money Market

Farmers State Bank (MT) Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$25-Legacy Club Checking
0.02%$25-Super Now Checking

Farmers State Bank (MT) CD Rates

DetailsAPYMINMAXPRODUCT
1.25%$1k-5 Year CD
0.70%$1k-3 Year CD
0.50%$1k-30 Month CD
0.38%$1k-2 Year CD
0.30%--5 Year Investment Club CD
0.25%$1k-18 Month CD
0.18%$1k-12 Month CD
0.12%$1k-182 Day CD
0.08%$1k-91 Day CD
0.05%$500-30 Day CD

Farmers State Bank (MT) IRA Rates

DetailsAPYMINMAXPRODUCT
1.25%$1k-5 Year IRA
0.70%$1k-3 Year IRA
0.50%$1k-30 Month IRA
0.38%$1k-2 Year IRA
0.25%$1k-18 Month IRA
0.18%$1k-12 Month IRA
0.12%$1k-182 Day IRA
0.08%$1k-91 Day IRA
0.05%$500-30 Day IRA
Locations


Farmers State Bank (MT) Locations
Farmers State Bank103 Main StreetVictor, MT 59875
Lolo Branch11000 US Highway 93 SLolo, MT 59847
Hamilton Branch1950 North 1st StreetHamilton, MT 59840
Missoula Branch3130 N Reserve StreetMissoula, MT 59808
Florence Branch5501 Old Highway 93 NorthFlorence, MT 59833
725 Main Street Branch725 Main StreetStevensville, MT 59870
Darby Branch805 South MainDarby, MT 59829