The Farmers National Bank of Canfield

Overview / Commentary

330-533-2686

20 South Broad Street
Canfield, OH 44406

The Farmers National Bank of Canfield is headquartered in CANFIELD and is the 11^th largest bank in the state of Ohio. It is also the 275^th largest bank in the nation. It was established in 1887 and as of December of 2023, it had grown to 623 employees at 67 locations. The Farmers National Bank of Canfield's money market rates are 10X the national average, and it has an A health rating.

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Health

Data as of Q4 2023

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Health Grade Components

Overall
FDIC Certificate #	6540
Year Established	1887
Employees	623
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	1.05%
Return on Equity - YTD	14.16%
Annual Interest Income	$212.9MM

Assets and Liabilities
Assets	Q4 2023vs Q4 2022	$5.07B$4.07B
Loans	Q4 2023vs Q4 2022	$3.17B$2.38B
Deposits	Q4 2023vs Q4 2022	$4.24B$3.67B
Equity Capital	Q4 2023vs Q4 2022	$424.4MM$261.6MM
Loan Loss Allowance	Q4 2023vs Q4 2022	$34.4MM$27MM
Unbacked Noncurrent Loans	Q4 2023vs Q4 2022	$14.9MM$14.3MM
Real Estate Owned	Q4 2023vs Q4 2022	$92K$0

Rates

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Savings
Money Market
Checking
CD

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

The Farmers National Bank of Canfield Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.08%^*	$10k^*	-	Health Savings
OTHER TIERS: 0.02% → Up to $2.5k \| 0.04% → $2.5k - $5k \| 0.06% → $5k - $10k
0.05%	$5	-	Holiday Savings
0.03%	$1	-	Statement Savings
0.03%	-	-	IRA Savings

The Farmers National Bank of Canfield Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
4.50%	$5k	-	Money Market - 6 Month Intro Rate
4.00%	$10k	-	Business Money Market - 6 Month Intro Rate
0.10%^*	$25k^*	-	Money Market Index
OTHER TIERS: 0.05% → $5k - $7.5k \| 0.08% → $7.5k - $25k

The Farmers National Bank of Canfield Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
2.00%	-	$15k	Bonus Checking Account
0.08%	-	-	Platinum Checking Account
0.06%^*	$50k^*	-	Premier Interest Checking
OTHER TIERS: 0.01% → Up to $10k \| 0.02% → $10k - $25k \| 0.04% → $25k - $50k
0.02%	$1.5k	-	Farmers 50 Advantage Checking

The Farmers National Bank of Canfield CD Rates

APY	MIN	MAX	ACCOUNT NAME
5.00%	$1k	-	7 Month CD Special - New Money
0.30%	$500	$100k	48-59 Month CD
0.25%	$500	$100k	36-47 Month CD
0.25%	$500	$100k	60-120 Month CD
0.10%	$500	$100k	6 Month CD
0.10%	$500	$100k	12-17 Month CD
0.10%	$500	$100k	18-23 Month CD
0.10%	$500	$100k	24-35 Month CD
0.03%	$1k	$100k	3 Month CD
0.01%	$1k	$100k	1 Month CD

Locations

Availability

Youngstown Area

Youngstown Area bank & credit union details

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