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918-469-3337
1101 West Main Street
Quinton, OK 74561

Farmers State Bank (OK) is headquartered in Quinton and is the 137th largest bank in the state of Oklahoma. It is also the 5,021st largest bank in the nation. It was established in 1908 and as of March of 2014, it had grown to 31 employees at 3 locations. Farmers State Bank (OK) has a B+ health rating.

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Health

Data for Q1 2014

Institution Health

B+
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

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 March 31, 2014 Farmers State Bank (OK) had $82,000 in non-current loans and owned real-estate with $7.29 million in equity and loan loss allowances on hand to cover it. This gives Farmers State Bank (OK) a Texas Ratio of 1.13% which is excellent. 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 (OK) decreased slightly from 1.27% as of March 31, 2013 to 1.13% as of March 31, 2014, resulting in a positive change of 11.67%.This indicates that the balance sheet and financial strength for Farmers State Bank (OK) has improved slightly in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Farmers State Bank (OK) has increased its total deposits by $1.37 million, resulting in 1.75% 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 above average.

Capitalization

GRADE:
C

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 $88.05 million in assets with $7.29 million in equity, resulting in a capitalization level of 8.28%, which is average.

Institution Statistics

Overall
FDIC Certificate #404
Year Established1908
Employees31
Primary RegulatorFED
Assets and Liabilities
Assets$88.05 million
Loans$40.79 million
Deposits$79.43 million
Equity Capital$6.34 million
Loan Loss Allowance$949,000
Unbacked Noncurrent Loans$57,000
Real Estate Owned$25,000
Historic Data - March 2013
Assets$87.04 million
Equity Capital$6.65 million
Loan Loss Allowance$1.05 million
Unbacked Noncurrent Loans$57,000
Real Estate Owned$50,000
Profit Margin - Quarterly
Return on Assets1.16%
Return on Equity16.84%
Interest Income$888,000
Rates
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Farmers State Bank (OK) Checking Account Rates

DetailsAPYMINMAXPRODUCT
1.71%-$20kMaverick Checking - Qualifying
0.10%--Maverick Checking - Non Qualifying
Locations


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