Farmers State Bank (MN)


Overview / Commentary
507-845-2233
601 N. Broadway
Hartland, MN 56042

Farmers State Bank (MN) is headquartered in Hartland and is the 104th largest bank in the state of Minnesota. It is also the 3,154th largest bank in the nation. It was established in 1912 and as of December of 2019, it had grown to 26 employees at 3 locations. Farmers State Bank (MN) has an A+ health rating.

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Health
A+

Health Grade Components

Overall
FDIC Certificate #10561
Year Established1912
Employees26
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.8%
Return on Equity - YTD15.62%
Annual Interest Income$7.5MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$169.2MM$152.4MM
LoansQ4 2019vs Q4 2018$116.4MM$109.1MM
DepositsQ4 2019vs Q4 2018$146.1MM$134.5MM
Equity CapitalQ4 2019vs Q4 2018$19.8MM$17.5MM
Loan Loss AllowanceQ4 2019vs Q4 2018$1.5MM$1.3MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$56.00K$106.00K
Real Estate OwnedQ4 2019vs Q4 2018$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Farmers State Bank (MN); we are a rate comparison website and cannot provide official rates or promotions.

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

Farmers State Bank (MN) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%--Individual Retirement Account
0.50%*$500k*-Business Savings
OTHER TIERS: 0.05% $5k - $25k | 0.10% $25k - $100k | 0.20% $100k - $500k
0.35%*-$15kKasasa Saver
OTHER TIERS: 0.20% $15k+
0.30%*$75k*-Prime Savings
OTHER TIERS: 0.05% $5k - $15k | 0.10% $15k - $50k | 0.20% $50k - $75k
0.15%*$5k*-Health Savings Account
OTHER TIERS: 0.01% Up to $5k
0.05%*$1k*-Simple Savings
OTHER TIERS: 0.01% Up to $1k

Farmers State Bank (MN) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.20%*-$15kKasasa Cash
OTHER TIERS: 0.20% $15k+
0.10%--Classic Checking
0.01%$2.5k-Growth Checking

Farmers State Bank (MN) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$500-36 Month CD
0.75%$500-48 Month CD
0.75%$500-33 Month "Opt Up" CD
0.75%$500-60 Month "Opt Up" CD
0.75%$500-Business 33 Month "Opt Up" CD
0.75%$500-Business 36 Month CD
0.75%$500-Business 48 Month CD
0.75%$500-Business 60 Month "Opt Up" CD
0.60%$500-24 Month CD
0.60%$500-Business 24 Month CD
0.30%$500-18 Month CD
0.30%$500-Business 18 Month CD
0.20%$500-12 Month CD
0.20%$500-Business 12 Month CD
0.15%$500-6 Month CD
0.15%$500-Business 6 Month CD

Farmers State Bank (MN) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$500-33 Month "Opt Up" IRA
0.75%$500-36 Month IRA
0.75%$500-48 Month IRA
0.75%$500-60 Month "Opt Up" IRA
0.60%$500-24 Month IRA
0.30%$500-18 Month IRA
0.20%$500-12 Month IRA
0.15%$500-6 Month IRA
Locations


Farmers State Bank (MN) Locations
Albert Lea Branch1452 W. Main St.Albert Lea, MN 56007
Freeborn Branch215 5th AveFreeborn, MN 56032
Farmers State Bank Of Hartland601 N. BroadwayHartland, MN 56042

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