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Overview / Commentary
7484 Market Street
Willards, MD 21874

The Farmers Bank of Willards is headquartered in Willards and is the 30th largest bank in the state of Maryland. It is also the 2,137th largest bank in the nation. It was established in 1925 and as of March of 2014, it had grown to 74 employees at 8 locations. The Farmers Bank of Willards has a C+ health rating.

Reviews (1)

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 Q1 2014

Institution Health


Texas Ratio


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 The Farmers Bank of Willards had $17.62 million in non-current loans and owned real-estate with $39.33 million in equity and loan loss allowances on hand to cover it. This gives The Farmers Bank of Willards a Texas Ratio of 44.80% 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 slightly from 58.70% as of March 31, 2013 to 44.80% as of March 31, 2014, resulting in a positive change of 23.68%.This indicates that the balance sheet and financial strength for The Farmers Bank of Willards has improved slightly in recent periods.

Deposit Growth


In the past year, The Farmers Bank of Willards has decreased its total deposits by -$21.23 million, resulting in -8.06% 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.



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 $307.57 million in assets with $39.33 million in equity, resulting in a capitalization level of 12.79%, which is excellent.

Institution Statistics

FDIC Certificate #5885
Year Established1925
Primary RegulatorFDIC
Assets and Liabilities
Assets$307.57 million
Loans$260.10 million
Deposits$242.14 million
Equity Capital$33.23 million
Loan Loss Allowance$6.11 million
Unbacked Noncurrent Loans$11.42 million
Real Estate Owned$6.21 million
Historic Data - March 2013
Assets$322.29 million
Equity Capital$32.08 million
Loan Loss Allowance$6.25 million
Unbacked Noncurrent Loans$11.42 million
Real Estate Owned$4.52 million
Profit Margin - Quarterly
Net Interest Margin4.66%
Return on Assets0.55%
Return on Equity5.04%
Interest Income$3.79 million

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The Farmers Bank of Willards Locations
Milford Street Branch102 Milford StreetSalisbury, MD 21804
Pemberton Branch1150 Parsons RoadSalisbury, MD 21801
West Ocean City Branch12641 Ocean GatewayOcean City, MD 21842
North Ocean City Branch12831 Coastal HighwayOcean City, MD 21842
Talbot St. Branch200 S. Philadelphia Ave.Ocean City, MD 21842
Willards Branch7233 Main StreetWillards, MD 21874
The Farmers Bank Of Willards7484 Market StreetWillards, MD 21874
Salisbury BranchTilghman RoadSalisbury, MD 21801