The Farmers Bank (TN)

The Farmers Bank (TN) Locations
120 Village Drive
Portland, TN 37148
615-325-2265
www.thefarmersbank.net

The Farmers Bank (TN) is headquartered in Portland and is the 31st largest bank in the state of Tennessee. It is also the 1,292nd largest bank in the nation. It was established in 1912 and as of September of 2011, it had grown to 144 employees at 10 locations. The Farmers Bank (TN) has a 3-star health rating.

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1.75% 15-Month CD Special At The Farmers Bank In TN (Forum) - 9/20/2010

This bank has long offered competitive CD specials. Here's the small print of the latest offer as of 9/20/2010: Minimum balance required $1,000. APY = Annual Percentage Yield. The interest rate is 1.75%. To receive the "Special" APY and rate currentl

Special 15-Month CD at The Farmers Bank in Tennessee - 8/6/2010

The Farmers Bank is offering a very competitive 15-month CD special with a 2.00% APY. Minimum deposit is $1,000. To receive this rate, interest must be automatically deposited into a checking or savin ...

2.05% 15-Month CD Special At The Farmers Bank In TN (Forum) - 7/5/2010

The Farmers Bank is offering this CD special as of 7/5/2010: 2.05% APY 15-Month CD, minimum deposit $1,000 Last year a reader reported that he was able to open a CD at this bank by mail. Make sure to check with the bank for the latest policy.


Data for Q3 2011


Institution Statistics


The Farmers Bank
FDIC Certificate #1696
BankRate ReportView
Year Established1912
Employees144
Primary RegulatorFDIC

Assets and Liabilities

Assets$525.05 million
Loans$331.19 million
Deposits$437.70 million
Equity Capital$55.10 million
Loan Loss Allowance$6.47 million
Unbacked Noncurrent Loans$14.48 million
Real Estate Owned$5.64 million

Historic Data - September 2010

Assets$525.13 million
Equity Capital$52.22 million
Loan Loss Allowance$4.57 million
Unbacked Noncurrent Loans$8.14 million
Real Estate Owned$3.03 million

Profit Margin - Quarterly

Net Interest Margin4.29%
Return on Assets0.6%
Return on Equity6.11%
Interest Income$20.77 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio2
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 September 30, 2011 The Farmers Bank (TN) had $20.12 million in non-current loans and owned real-estate with $61.58 million in equity and loan loss allowances on hand to cover it. This gives The Farmers Bank (TN) a Texas Ratio of 32.68% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend2
The Texas Ratio for The Farmers Bank (TN) increased slightly from 19.66% as of September 30, 2010 to 32.68% as of September 30, 2011, resulting in a negative change of 66.23%. This indicates that the balance sheet and financial strength for The Farmers Bank (TN) has declined slightly in recent periods.
Deposit Growth3
In the past year, The Farmers Bank (TN) has decreased its total deposits by -$1.66 million, resulting in -0.38% 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 (TN) has shown is average.
Capitalization4
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 (TN) has $525.05 million in assets with $61.58 million in equity, resulting in a capitalization level of 11.73%, which is above average.
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