Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
309-629-4361
124 West D Street
Alpha, IL 61413

Farmers State Bank of Western Illinois is headquartered in Alpha and is the 281st largest bank in the state of Illinois. It is also the 3,986th largest bank in the nation. It was established in 1910 and as of June of 2014, it had grown to 48 employees at 6 locations. Farmers State Bank of Western Illinois has a A health rating.

Reviews (1)

Does Not Do Accounts For Customers Out Of State!

does not do accounts for customers out of state!



Health

Data for Q2 2014

Institution Health

A

Texas Ratio

GRADE:
A+

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 of Western Illinois had $1.04 million in non-current loans and owned real-estate with $15.66 million in equity and loan loss allowances on hand to cover it. This gives Farmers State Bank of Western Illinois a Texas Ratio of 6.65% 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 of Western Illinois experienced no significant changes from 5.59% as of June 30, 2013 to 6.65% as of June 30, 2014, resulting in a negative change of 18.98%. This indicates that the balance sheet and financial strength for Farmers State Bank of Western Illinois has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Farmers State Bank of Western Illinois has increased its total deposits by $4.2 million, resulting in 3.77% 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 of Western Illinois has shown is excellent.

Capitalization

GRADE:
A

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 of Western Illinois has $132.86 million in assets with $15.66 million in equity, resulting in a capitalization level of 11.79%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #11680
Year Established1910
Employees48
Primary RegulatorFED
Assets and Liabilities
Assets$132.87 million
Loans$67.15 million
Deposits$115.81 million
Equity Capital$15.07 million
Loan Loss Allowance$593,000
Unbacked Noncurrent Loans$854,000
Real Estate Owned$188,000
Historic Data - June 2013
Assets$127.86 million
Equity Capital$14.28 million
Loan Loss Allowance$687,000
Unbacked Noncurrent Loans$854,000
Real Estate Owned$76,000
Profit Margin - Quarterly
Return on Assets0.68%
Return on Equity6.1%
Interest Income$2.18 million
Rates

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

Farmers State Bank of Western Illinois Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$100-Christmas Club - w/Auto Payments
0.05%$100-Classic Savings
0.05%$100-Combo Savings
0.05%$100-Penny Savers
0.05%$100-IRA Savings
0.05%$100-Christmas Club

Farmers State Bank of Western Illinois Money Market Rates

DetailsAPYMINMAXPRODUCT
0.10%$15k-Money Market Account

Farmers State Bank of Western Illinois Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$1k-Premium Checking

Farmers State Bank of Western Illinois CD Rates

DetailsAPYMINMAXPRODUCT
1.10%$500-60 Month CD
1.00%$500-48 Month CD
0.70%$500-36 Month CD
0.50%$500-24 Month CD
0.35%$500-12 Month CD
0.15%$500-6 Month CD
0.10%$500-3 Month CD

Farmers State Bank of Western Illinois IRA Rates

DetailsAPYMINMAXPRODUCT
2.23%$500-60 Month Variable Rate IRA
1.96%$500-24 Month Variable Rate IRA
1.10%$500-60 Month IRA
1.00%$500-48 Month IRA
0.70%$500-36 Month IRA
0.50%$500-24 Month IRA
0.35%$500-12 Month IRA
Locations


Farmers State Bank of Western Illinois Locations
Farmers State Bank Of Western Illinois124 West D StreetAlpha, IL 61413
Viola Facility1803 13th StViola, IL 61486
Aledo Branch201 South College AvenueAledo, IL 61231
Alexis Branch205 East BroadwayAlexis, IL 61412
Woodhull Branch320 North DivisionWoodhull, IL 61490
New Windsor Branch600 Main StreetNew Windsor, IL 61465