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1101 West Main Street
Quinton, OK 74561

Farmers State Bank (OK) is headquartered in Quinton and is the 140th largest bank in the state of Oklahoma. It is also the 5,066th largest bank in the nation. It was established in 1908 and as of December of 2013, it had grown to 33 employees at 3 locations. Farmers State Bank (OK) has a B+ health rating.

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Data for Q4 2013

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Farmers State Bank (OK) has a relatively low asset base.

Texas Ratio


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 (OK) had $57,000 in non-current loans and owned real-estate with $6.62 million in equity and loan loss allowances on hand to cover it. This gives Farmers State Bank (OK) a Texas Ratio of 0.86% 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 (OK) experienced no significant changes from 0.65% as of December 31, 2012 to 0.86% as of December 31, 2013, resulting in a negative change of 33.14%. This indicates that the balance sheet and financial strength for Farmers State Bank (OK) has had no significant changes in recent periods.

Deposit Growth


In the past year, Farmers State Bank (OK) has increased its total deposits by $2.86 million, resulting in 3.76% 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 (OK) 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 (OK) has $86.96 million in assets with $6.62 million in equity, resulting in a capitalization level of 7.61%, which is below average.

Institution Statistics

FDIC Certificate #404
Year Established1908
Primary RegulatorFED
Assets and Liabilities
Assets$86.96 million
Loans$40.75 million
Deposits$78.99 million
Equity Capital$5.68 million
Loan Loss Allowance$941,000
Unbacked Noncurrent Loans$32,000
Real Estate Owned$25,000
Historic Data - December 2012
Assets$85.28 million
Equity Capital$6.84 million
Loan Loss Allowance$1.04 million
Unbacked Noncurrent Loans$32,000
Real Estate Owned$50,000
Profit Margin - Quarterly
Net Interest Margin4.03%
Return on Assets0.58%
Return on Equity8.06%
Interest Income$3.42 million
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Farmers State Bank (OK) Checking Account Rates

1.71%-$20kMaverick Checking
0.10%--Maverick Checking

Farmers State Bank (OK) Locations
The Farmers State Bank1101 West Main StreetQuinton, OK 74561
Haskell County Branch1700 East Main StreetStigler, OK 74462
Red Oak BranchEast Second and Oak StreetsRed Oak, OK 74563