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Overview / Commentary
973-682-2652
159 Riverside Avenue
Winthrop, WA 98862

Farmers State Bank, Winthrop, Wash. is headquartered in Winthrop and is the 60th largest bank in the state of Washington. It is also the 6,521st largest bank in the nation. It was established in 1916 and as of March of 2014, it had grown to 6 employees at 1 location. Farmers State Bank, Winthrop, Wash. 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, Winthrop, Wash. has a 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, Winthrop, Wash. had $164,000 in non-current loans and owned real-estate with $3.52 million in equity and loan loss allowances on hand to cover it. This gives Farmers State Bank, Winthrop, Wash. a Texas Ratio of 4.66% 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, Winthrop, Wash. decreased slightly from 5.38% as of March 31, 2013 to 4.66% as of March 31, 2014, resulting in a positive change of 13.46%.This indicates that the balance sheet and financial strength for Farmers State Bank, Winthrop, Wash. has improved slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Farmers State Bank, Winthrop, Wash. has increased its total deposits by $1.98 million, resulting in 9.37% 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, Winthrop, Wash. 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, Winthrop, Wash. has $26.49 million in assets with $3.52 million in equity, resulting in a capitalization level of 13.29%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #6156
Year Established1916
Employees6
Primary RegulatorFDIC
Assets and Liabilities
Assets$26.49 million
Loans$5.19 million
Deposits$23.11 million
Equity Capital$3.36 million
Loan Loss Allowance$161,000
Unbacked Noncurrent Loans$18,000
Real Estate Owned$146,000
Historic Data - March 2013
Assets$24.52 million
Equity Capital$3.35 million
Loan Loss Allowance$146,000
Unbacked Noncurrent Loans$18,000
Real Estate Owned$146,000
Profit Margin - Quarterly
Net Interest Margin2.82%
Return on Assets0.24%
Return on Equity1.91%
Interest Income$169,000
Rates

Sorry, we do not have rate data for Farmers State Bank, Winthrop, Wash.

Locations


Farmers State Bank, Winthrop, Wash. Locations
Farmers State Bank, Winthrop, Wash.159 Riverside AvenueWinthrop, WA 98862