The Farmers National Bank of Canfield

The Farmers National Bank of Canfield Locations
20 South Broad Street
Canfield, OH 44406
1-888-988-3276
www.fnbcanfield.com



The Farmers National Bank of Canfield is headquartered in Canfield and is the 20th largest bank in the state of Ohio. It is also the 599th largest bank in the nation. It was established in 1887 and as of March of 2012, it had grown to 293 employees at 18 locations. The Farmers National Bank of Canfield's money market rates are 14% higher than the national average, and it has a 4-star health rating.



See Rates for: Checking | Savings | Money Market | CD | IRA

The Farmers National Bank of Canfield Checking Account Rates

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0.20%$25k-Common Sense Checking Account
0.08%$50k-Premier Interest Checking
0.03%--Upfront Checking

The Farmers National Bank of Canfield Savings Account Rates

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0.10%--IRA Savings
0.07%--Statement Savings

The Farmers National Bank of Canfield Money Market Rates

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0.50%$175k$250kElite Gold Money Market
0.25%$50k-Money Market Index
0.20%$100k-Money Market Management

The Farmers National Bank of Canfield CD Rates

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1.00%$500$100k60-120 Month CD
0.80%$500$100k48-59 Month CD
0.60%$500$100k36-47 Month CD
0.45%$500$100k24-35 Month CD
0.30%$500$100k18-23 Month CD
0.20%$500$100k12-17 Month CD
0.10%$1k$100k6 Month CD
0.05%$1k$100k3 Month CD

The Farmers National Bank of Canfield IRA Rates

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0.20%--18 Month Variable IRA
0.20%--18 Month Variable Roth IRA
0.20%--18 Month Fixed IRA
0.20%--18 Month Fixed Roth IRA

Rates updated: 5/26/2012

Data for Q1 2012


Institution Statistics


The Farmers National Bank of Canfield
FDIC Certificate #6540
BankRate ReportView
Year Established1887
Employees293
Primary RegulatorOCC

Assets and Liabilities

Assets$1.09 billion
Loans$570.26 million
Deposits$891.49 million
Equity Capital$99.06 million
Loan Loss Allowance$9.45 million
Unbacked Noncurrent Loans$11.03 million
Real Estate Owned$544,000

Historic Data - March 2011

Assets$1.00 billion
Equity Capital$86.44 million
Loan Loss Allowance$10.14 million
Unbacked Noncurrent Loans$11.00 million
Real Estate Owned$856,000

Profit Margin - Quarterly

Net Interest Margin3.66%
Return on Assets0.94%
Return on Equity10.3%
Interest Income$10.88 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio4
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 March 31, 2012 The Farmers National Bank of Canfield had $11.57 million in non-current loans and owned real-estate with $108.51 million in equity and loan loss allowances on hand to cover it. This gives The Farmers National Bank of Canfield a Texas Ratio of 10.67% which is above 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 National Bank of Canfield held steady from 12.29% as of March 31, 2011 to 10.67% as of March 31, 2012, resulting in a positive change of 13.19%.This indicates that the balance sheet and financial strength for The Farmers National Bank of Canfield has held steady in recent periods.
Deposit Growth5
In the past year, The Farmers National Bank of Canfield has increased its total deposits by $119.41 million, resulting in 15.47% 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 National Bank of Canfield has shown is excellent.
Capitalization3
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 National Bank of Canfield has $1.09 billion in assets with $108.51 million in equity, resulting in a capitalization level of 9.92%, which is average.
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