Overview / Commentary
Farmers State Bank (12107) is headquartered in Elmwood and is the 367th largest bank in the state of Illinois. It is also the 4,827th largest bank in the nation. It was established in 1864 and as of March of 2019, it had grown to 13 employees at 1 location. Farmers State Bank (12107)'s money market rates are 25% higher than the national average, and it has a B health rating.
Health
B
Data as of Q1 2019
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Farmers State Bank (12107) has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 12107 |
| Year Established | 1864 |
| Employees | 13 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.19% |
| Return on Equity - YTD | 2.36% |
| Annual Interest Income | $510.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2019vs Q1 2018 | $54.3MM$51.7MM |
| Loans | Q1 2019vs Q1 2018 | $29.8MM$27.4MM |
| Deposits | Q1 2019vs Q1 2018 | $48.4MM$46.1MM |
| Equity Capital | Q1 2019vs Q1 2018 | $4.4MM$4.0MM |
| Loan Loss Allowance | Q1 2019vs Q1 2018 | $432.00K$412.00K |
| Unbacked Noncurrent Loans | Q1 2019vs Q1 2018 | $329.00K$51.00K |
| Real Estate Owned | Q1 2019vs Q1 2018 | $0$0 |
Rates
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Farmers State Bank (12107) Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.00% | - | - | Vacation Club | |
| 1.00% | - | - | Christmas Club | |
| 1.00% | - | - | FSB4Life | |
| 0.25% | $25 | - | Regular Savings |
Farmers State Bank (12107) Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.55% | $2.5k | - | Pioneer Money Market | |
| 0.25% | $1k | - | Money Market Account |
Farmers State Bank (12107) Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.00% | - | - | GoGreen Checking | |
| 0.55% | - | - | Pioneer Now | |
| 0.25% | - | - | Super NOW Account | |
| 0.10% | - | - | NOW Account |
Farmers State Bank (12107) CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.75% | $1k | - | 60 Month CD | |
| 1.30% | $1k | - | 15 Month CD | |
| 1.21% | $1k | - | 24 Month CD | |
| 1.05% | $1k | - | 30 Month CD | |
| 1.00% | $1k | - | 18 Month CD | |
| 0.60% | $1k | - | 9 Month CD | |
| 0.43% | $1k | - | 12 Month CD | |
| 0.29% | $1k | - | 6 Month CD |
Farmers State Bank (12107) IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.75% | $1k | - | 60 Month IRA | |
| 1.30% | $1k | - | 15 Month IRA | |
| 1.21% | $1k | - | 24 Month IRA | |
| 1.05% | $1k | - | 30 Month IRA | |
| 1.00% | $1k | - | 18 Month IRA | |
| 0.60% | $1k | - | 9 Month IRA | |
| 0.43% | $1k | - | 12 Month IRA | |
| 0.29% | $1k | - | 6 Month IRA |
Locations
| Farmers State Bank (12107) Locations | ||
|---|---|---|
| Farmers State Bank | 104 East Main Street | Elmwood, IL 61529 |