The Farmers Bank

The Farmers Bank Locations
88 North Lee St
Forsyth, GA 31029
478-994-5146
www.farmersbank.net

The Farmers Bank is headquartered in Lapeer and is the 39th largest bank in the state of Michigan. It is also the 2,161st largest bank in the nation. It was established in 1902 and as of September of 2011, it had grown to 108 employees at 7 locations. The Farmers Bank has a 4-star health rating.

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2.50% 13-Month CD & 2.26% 7-Month CD at The Farmers Bank in Tennessee - 9/28/2009

Update 12/27/09: The only CD special listed at the bank's CD specials page is a 2.25% APY 15-month CDUpdate 11/21/09: The terms of the CD specials have been lengthened a little. As shown on the bank's CD specials page, these are now a 2.26% APY 9-month...

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Update 11/09/09: The reward checking account is no longer listed at the bank's website.The Farmers Bank has a reward checking account with the following rates and features if certain monthly requirements are met:3.01% APY on balances up to $25,0001.01%...



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See Rates for: Checking | Savings | Money Market

The Farmers Bank Checking Account Rates

ApyMinMaxProduct
0.20%$50-FREE Interest Checking
0.15%$2,500-Wall Street Checking Account
0.05%$50-50+ FREE Interest Checking
0.05%--Business Checking

The Farmers Bank Savings Account Rates

ApyMinMaxProduct
0.10%$50-Preferred Savings Account
0.10%--First Savings Account
0.10%--Christmas Club Account
0.10%$50-Commercial Preferred Savings Account

The Farmers Bank Money Market Rates

ApyMinMaxProduct
0.45%$50k-Ultimate Personal Money Market
0.45%$100k-Ultimate Business Money Market

Rates updated: 2/11/2012

Data for Q3 2011


Institution Statistics


Lapeer County Bank & Trust Co.
FDIC Certificate #14913
BankRate ReportView
Year Established1902
Employees108
Primary RegulatorFED

Assets and Liabilities

Assets$299.18 million
Loans$181.71 million
Deposits$267.44 million
Equity Capital$30.18 million
Loan Loss Allowance$4.64 million
Unbacked Noncurrent Loans$3.04 million
Real Estate Owned$2.36 million

Historic Data - September 2010

Assets$286.38 million
Equity Capital$27.70 million
Loan Loss Allowance$3.26 million
Unbacked Noncurrent Loans$3.61 million
Real Estate Owned$1.70 million

Profit Margin - Quarterly

Net Interest Margin4.21%
Return on Assets0.75%
Return on Equity7.84%
Interest Income$10.24 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio3
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 had $5.4 million in non-current loans and owned real-estate with $34.82 million in equity and loan loss allowances on hand to cover it. This gives The Farmers Bank a Texas Ratio of 15.52% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for The Farmers Bank held steady from 17.12% as of September 30, 2010 to 15.52% as of September 30, 2011, resulting in a positive change of 9.34%.This indicates that the balance sheet and financial strength for The Farmers Bank has held steady in recent periods.
Deposit Growth4
In the past year, The Farmers Bank has increased its total deposits by $10.61 million, resulting in 4.13% 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 has shown is above 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 has $299.18 million in assets with $34.82 million in equity, resulting in a capitalization level of 11.64%, which is above average.
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