Farmers Exchange Bank is headquartered in Cherokee and is the 48th largest bank in the state of Oklahoma. It is also the 1,953rd largest bank in the nation. It was established in 1935 and as of June of 2017, 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||2.22%|
|Return on Equity - YTD||21.29%|
|Annual Interest Income||$8.0MM|
|Assets and Liabilities|
|Assets||Q2 2017vs Q2 2016||$347.7MM$326.8MM|
|Loans||Q2 2017vs Q2 2016||$262.0MM$245.6MM|
|Deposits||Q2 2017vs Q2 2016||$302.2MM$288.0MM|
|Equity Capital||Q2 2017vs Q2 2016||$39.1MM$29.5MM|
|Loan Loss Allowance||Q2 2017vs Q2 2016||$6.4MM$5.0MM|
|Unbacked Noncurrent Loans||Q2 2017vs Q2 2016||$2.7MM$3.9MM|
|Real Estate Owned||Q2 2017vs Q2 2016||$555.00K$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|