Farmers Exchange Bank is headquartered in Cherokee and is the 53rd largest bank in the state of Oklahoma. It is also the 2,058th largest bank in the nation. It was established in 1935 and as of June of 2018, it had grown to 34 employees at 6 locations. Farmers Exchange Bank has an A health rating.
In a small town, the occasional experiences of small town banks can prove insufficiently satisfying in terms of advanced financial stability. Inability to access checking account funds after initial deposits for extended periods of time beyond reason, perplexing confusion of paid employees in regards to systems that are seemingly antiquated, and the overall misdirection of optional resources and fees, all stem together to frustrate the customer to a point of irritation. Though manners may hold well in the area of choice, the general appeal of the firm is seemingly nonexistent. Upon entry into the building, it is not uncommon to be greeted by what appears to be nobody, inevitably causing one to wait for a further extended period of time in order to receive any sort of service. Upon receiving aforementioned service, it seems often unlikely to get a clear dedicated response of what sort of service you are signing up for, depositing into, or reviewing through the limited technological options. Fees seem endless once finally able to access any sort of online or in person account. In general, straying away from this business seems the best option for buyers with a reasonable demand for service quality and maximization of satisfaction derived from the service.
|FDIC Certificate #||15118|
|Return on Assets - YTD||1.6%|
|Return on Equity - YTD||13.5%|
|Annual Interest Income||$8.0MM|
|Assets and Liabilities|
|Assets||Q2 2018vs Q2 2017||$320.9MM$347.4MM|
|Loans||Q2 2018vs Q2 2017||$232.6MM$261.7MM|
|Deposits||Q2 2018vs Q2 2017||$273.9MM$302.2MM|
|Equity Capital||Q2 2018vs Q2 2017||$40.3MM$38.8MM|
|Loan Loss Allowance||Q2 2018vs Q2 2017||$6.5MM$6.7MM|
|Unbacked Noncurrent Loans||Q2 2018vs Q2 2017||$686.00K$2.7MM|
|Real Estate Owned||Q2 2018vs Q2 2017||$615.00K$555.00K|
Sorry, we do not have rate data for Farmers Exchange Bank.
|Farmers Exchange Bank Locations|
|Wakita Branch||1716 Main Street||Wakita, OK 73771|
|Tonkawa Branch||111 East Grand Street||Tonkawa, OK 74653|
|Farmers Exchange Bank||419 South Grand Street||Cherokee, OK 73728|
|Helena Branch||220 N. Main||Helena, OK 73741|
|Nash Branch||107 South Main Street||Nash, OK 73761|
|Drive-In Branch||116 North 7th Street||Tonkawa, OK 74653|