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Overview / Commentary
785-364-4691
209 Montana Avenue
Holton, KS 66436

The Farmers State Bank is headquartered in Holton and is the 202nd largest bank in the state of Kansas. It is also the 5,894th largest bank in the nation. It was established in 1900 and as of December of 2013, it had grown to 16 employees at 1 location. The Farmers State Bank has a C health rating.

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Health

Data for Q4 2013

Institution Health

C
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. The Farmers State Bank has a relatively low asset base.

Texas Ratio

GRADE:
C+

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 State Bank had $1.29 million in non-current loans and owned real-estate with $4.93 million in equity and loan loss allowances on hand to cover it. This gives The Farmers State Bank a Texas Ratio of 26.23% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for The Farmers State Bank experienced no significant changes from 24.73% as of December 31, 2012 to 26.23% as of December 31, 2013, resulting in a negative change of 6.06%. This indicates that the balance sheet and financial strength for The Farmers State Bank has had no significant changes in recent periods.

Deposit Growth

GRADE:
C-

In the past year, The Farmers State Bank has decreased its total deposits by -$2.13 million, resulting in -4.4% 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 State Bank has shown is below average.

Capitalization

GRADE:
C+

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 State Bank has $54.52 million in assets with $4.93 million in equity, resulting in a capitalization level of 9.04%, which is average.

Institution Statistics

Overall
FDIC Certificate #15258
Year Established1900
Employees16
Primary RegulatorFDIC
Assets and Liabilities
Assets$54.52 million
Loans$30.61 million
Deposits$46.34 million
Equity Capital$4.41 million
Loan Loss Allowance$521,000
Unbacked Noncurrent Loans$1.04 million
Real Estate Owned$252,000
Historic Data - December 2012
Assets$57.51 million
Equity Capital$5.26 million
Loan Loss Allowance$438,000
Unbacked Noncurrent Loans$1.04 million
Real Estate Owned$311,000
Profit Margin - Quarterly
Net Interest Margin3.51%
Return on Assets0.79%
Return on Equity9.1%
Interest Income$2.32 million
Rates

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The Farmers State Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$50-Signature Savings

The Farmers State Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$25k-MMDA Account

The Farmers State Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.86%-$25kGo Green Rewards Checking
0.10%$1k-Plus Account
0.05%--Go Green Rewards Checking

The Farmers State Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.27%$50k-60 Month CD
0.91%$500-FSB Advantage - 36 Month Variable
0.58%$50k-24 Month CD
0.47%$50k-12 Month CD
0.44%$50k-15 Month CD
0.40%$50k-6 Month CD
0.38%--Early Saver - 60 Month Variable
0.20%$500-9 Month CD

The Farmers State Bank IRA Rates

DetailsAPYMINMAXPRODUCT
1.27%$50k-60 Month IRA (Traditional,Roth,CESA,SEP)
0.58%$50k-24 Month IRA (Traditional,Roth,CESA,SEP)
0.47%$50k-12 Month IRA (Traditional,Roth,CESA,SEP)
0.44%$50k-15 Month IRA (Traditional,Roth,CESA,SEP)
0.40%$50k-6 Month IRA (Traditional,Roth,CESA,SEP)
0.20%$500-9 Month IRA (Traditional,Roth,CESA,SEP)
Locations


The Farmers State Bank Locations
The Farmers State Bank209 Montana AvenueHolton, KS 66436