Overview / Commentary
601 N. Broadway
Hartland, MN 56042

Farmers State Bank is headquartered in Hartland and is the 114th largest bank in the state of Minnesota. It is also the 3,426th largest bank in the nation. It was established in 1912 and as of September of 2018, it had grown to 25 employees at 3 locations. Farmers State Bank's savings rates are 2X the national average, and it boasts an A+ health rating.


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Health Grade Components

FDIC Certificate #10561
Year Established1912
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.74%
Return on Equity - YTD15.72%
Annual Interest Income$5.1MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$150.0MM$143.0MM
LoansQ3 2018vs Q3 2017$105.6MM$102.2MM
DepositsQ3 2018vs Q3 2017$133.0MM$127.1MM
Equity CapitalQ3 2018vs Q3 2017$16.7MM$15.7MM
Loan Loss AllowanceQ3 2018vs Q3 2017$1.2MM$1.1MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$247.00K$49.00K
Real Estate OwnedQ3 2018vs Q3 2017$0$379.00K
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Always verify rates and promotions with the bank or credit union. We are not Farmers State Bank; 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 Savings Account Rates

1.96%--Individual Retirement Account
1.50%*-$15kKasasa Saver
OTHER TIERS: 0.75% $15k+
1.06%*$75k*-Prime Savings
OTHER TIERS: 0.55% $5k - $15k | 0.65% $15k - $50k | 0.75% $50k - $75k
1.01%*$500k*-Business Savings
OTHER TIERS: 0.55% $5k - $25k | 0.65% $25k - $100k | 0.80% $100k - $500k
0.75%*$5k*-Health Savings Account
OTHER TIERS: 0.25% Up to $5k
0.75%*$5k*-Business Health Savings Account
OTHER TIERS: 0.25% Up to $5k
0.45%*$1k*-Simple Savings
OTHER TIERS: 0.30% Up to $1k

Farmers State Bank Money Market Rates

0.85%*$75k*-Money Market Deposit Account
OTHER TIERS: 0.30% $5k - $15k | 0.40% $15k - $50k | 0.55% $50k - $75k

Farmers State Bank Checking Account Rates

2.50%*-$15kKasasa Cash
OTHER TIERS: 0.75% $15k+
0.60%--Classic Checking
0.40%*$5k*-Growth Checking
OTHER TIERS: 0.20% $1k - $2.5k | 0.30% $2.5k - $5k
0.05%--Small Business Checking

Farmers State Bank CD Rates

2.05%$500-13 Month CD Special
2.05%$5k-Business 13 Month CD Special
1.96%$500-60 Month "Opt Up" CD
1.96%$500-Business 60 Month "Opt Up" CD
1.76%$500-48 Month CD
1.76%$500-Business 48 Month CD
1.56%$500-36 Month CD
1.56%$500-Business 36 Month CD
1.46%$500-33 Month "Opt Up" CD
1.46%$500-Business 33 Month "Opt Up" CD
1.26%$500-24 Month CD
1.26%$500-Business 24 Month CD
1.21%*$100k*-18 Month CD
OTHER TIERS: 0.85% $500 - $50k | 1.01% $50k - $100k
1.21%*$100k*-Business 18 Month CD
OTHER TIERS: 0.85% $500 - $50k | 1.01% $50k - $100k
1.06%*$100k*-12 Month CD
OTHER TIERS: 0.85% $500 - $50k | 0.95% $50k - $100k
1.06%*$100k*-Business 12 Month CD
OTHER TIERS: 0.85% $500 - $50k | 0.95% $50k - $100k
1.01%*$100k*-6 Month CD
OTHER TIERS: 0.80% $500 - $50k | 0.90% $50k - $100k
1.01%*$100k*-Business 6 Month CD
OTHER TIERS: 0.80% $500 - $50k | 0.90% $50k - $100k

Farmers State Bank 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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