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 107th largest bank in the state of Minnesota. It is also the 3,145th largest bank in the nation. It was established in 1912 and as of June of 2020, it had grown to 29 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
Employees29
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.1%
Return on Equity - YTD17.78%
Annual Interest Income$4.0MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$182.7MM$159.6MM
LoansQ2 2020vs Q2 2019$135.3MM$111.4MM
DepositsQ2 2020vs Q2 2019$155.1MM$140.8MM
Equity CapitalQ2 2020vs Q2 2019$21.2MM$18.5MM
Loan Loss AllowanceQ2 2020vs Q2 2019$1.8MM$1.4MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$434.00K$100.00K
Real Estate OwnedQ2 2020vs Q2 2019$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
0.65%--Individual Retirement Account
0.45%*$500k*-Business Savings
OTHER TIERS: 0.05% $5k - $100k | 0.15% $100k - $500k
0.25%*$75k*-Prime Savings
OTHER TIERS: 0.00% $5k - $15k | 0.05% $15k - $50k | 0.15% $50k - $75k
0.25%*-$15kKasasa Saver
OTHER TIERS: 0.10% $15k+
0.10%*$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
1.10%*-$15kKasasa Cash
OTHER TIERS: 0.10% $15k+
0.05%--Classic Checking
0.01%$2.5k-Growth Checking

Farmers State Bank (MN) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%$500-36 Month CD
0.65%$500-48 Month CD
0.65%$500-33 Month "Opt Up" CD
0.65%$500-60 Month "Opt Up" CD
0.65%$500-Business 33 Month "Opt Up" CD
0.65%$500-Business 36 Month CD
0.65%$500-Business 48 Month CD
0.65%$500-Business 60 Month "Opt Up" CD
0.50%$500-24 Month CD
0.50%$500-Business 24 Month CD
0.20%$500-18 Month CD
0.20%$500-Business 18 Month CD
0.10%$500-12 Month CD
0.10%$500-Business 12 Month CD
0.05%$500-6 Month CD
0.05%$500-Business 6 Month CD

Farmers State Bank (MN) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%$500-33 Month "Opt Up" IRA
0.65%$500-36 Month IRA
0.65%$500-48 Month IRA
0.65%$500-60 Month "Opt Up" IRA
0.50%$500-24 Month IRA
0.20%$500-18 Month IRA
0.10%$500-12 Month IRA
0.05%$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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