The Farmers Bank of Willards
The Farmers Bank of Willards is headquartered in Willards and is the 33rd largest bank in the state of Maryland. It is also the 2,165th largest bank in the nation. It was established in 1925 and as of December of 2013, it had grown to 76 employees at 8 locations. The Farmers Bank of Willards has a C+ health rating.
Overall Performance
I have met with the President of the bank and some of the directors on various occasions. They have been forthright and knowledgeable. They are focused on taking actions that will continue to strengthen the bank and work with it's customers in these challenging economic times.
Data for Q4 2013
Institution Health
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 The Farmers Bank of Willards had $17.01 million in non-current loans and owned real-estate with $39.79 million in equity and loan loss allowances on hand to cover it. This gives The Farmers Bank of Willards a Texas Ratio of 42.76% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for The Farmers Bank of Willards decreased dramatically from 62.03% as of December 31, 2012 to 42.76% as of December 31, 2013, resulting in a positive change of 31.07%.This indicates that the balance sheet and financial strength for The Farmers Bank of Willards has improved dramatically in recent periods.
Deposit Growth
In the past year, The Farmers Bank of Willards has decreased its total deposits by -$20.6 million, resulting in -7.93% 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 The Farmers Bank of Willards has shown is below average.
Capitalization
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. The Farmers Bank of Willards has $302.12 million in assets with $39.79 million in equity, resulting in a capitalization level of 13.17%, which is excellent.
Institution Statistics
| Overall | |
|---|---|
| FDIC Certificate # | 5885 |
| Year Established | 1925 |
| Employees | 76 |
| Primary Regulator | FDIC |
| Assets and Liabilities | |
|---|---|
| Assets | $302.12 million |
| Loans | $259.63 million |
| Deposits | $239.08 million |
| Equity Capital | $33.08 million |
| Loan Loss Allowance | $6.72 million |
| Unbacked Noncurrent Loans | $10.85 million |
| Real Estate Owned | $6.16 million |
| Historic Data - December 2012 | |
|---|---|
| Assets | $318.16 million |
| Equity Capital | $31.81 million |
| Loan Loss Allowance | $7.37 million |
| Unbacked Noncurrent Loans | $10.85 million |
| Real Estate Owned | $4.66 million |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 4.5% |
| Return on Assets | 0.44% |
| Return on Equity | 4.3% |
| Interest Income | $15.43 million |
Sorry, we do not have rate data for The Farmers Bank of Willards
| The Farmers Bank of Willards Locations | ||
|---|---|---|
| Milford Street Branch | 102 Milford Street | Salisbury, MD 21804 |
| Pemberton Branch | 1150 Parsons Road | Salisbury, MD 21801 |
| West Ocean City Branch | 12641 Ocean Gateway | Ocean City, MD 21842 |
| North Ocean City Branch | 12831 Coastal Highway | Ocean City, MD 21842 |
| Talbot St. Branch | 200 S. Philadelphia Ave. | Ocean City, MD 21842 |
| Willards Branch | 7233 Main Street | Willards, MD 21874 |
| The Farmers Bank Of Willards | 7484 Market Street | Willards, MD 21874 |
| Salisbury Branch | Tilghman Road | Salisbury, MD 21801 |