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Overview / Commentary
419 South Grand Street
Cherokee, OK 73728

Farmers Exchange Bank is headquartered in Cherokee and is the 47th largest bank in the state of Oklahoma. It is also the 1,934th largest bank in the nation. It was established in 1935 and as of December of 2017, it had grown to 34 employees at 6 locations. Farmers Exchange Bank has an A+ health rating.

Reviews (1)

Farmers Exchange in a Small Town

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.


Health Grade Components

FDIC Certificate #15118
Year Established1935
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.07%
Return on Equity - YTD19.13%
Annual Interest Income$16.4MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$354.7MM$337.1MM
LoansQ4 2017vs Q4 2016$269.1MM$255.1MM
DepositsQ4 2017vs Q4 2016$307.7MM$300.6MM
Equity CapitalQ4 2017vs Q4 2016$40.7MM$30.7MM
Loan Loss AllowanceQ4 2017vs Q4 2016$5.5MM$5.5MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$1.8MM$2.9MM
Real Estate OwnedQ4 2017vs Q4 2016$615.00K$555.00K

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Farmers Exchange Bank Locations
Wakita Branch1716 Main StreetWakita, OK 73771
Tonkawa Branch111 East Grand StreetTonkawa, OK 74653
Farmers Exchange Bank419 South Grand StreetCherokee, OK 73728
Helena Branch220 N. MainHelena, OK 73741
Nash Branch107 South Main StreetNash, OK 73761
Drive-In Branch116 North 7th StreetTonkawa, OK 74653

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