Farmers State Bank of Watkins

Popular Accounts at this Bank

APY	ACCOUNT TYPE	HOW THEY COMPARE
1.00%	1-year CD	2.65% - Discover Bank 12 Month CD
0.25%	Savings	2.20% - Barclays Online Savings Account
1.61%	3-year CD	2.75% - Discover Bank 3 Year CD

View all Farmers State Bank of Watkins rates »

Overview / Commentary

www.fsbwatkins.com

320-764-2600

170 Meeker Ave.
Watkins, MN 55389

Farmers State Bank of Watkins is headquartered in Watkins and is the 251^st largest bank in the state of Minnesota. It is also the 5,043^rd largest bank in the nation. It was established in 1914 and as of December of 2018, it had grown to 9 employees at 1 location. Farmers State Bank of Watkins' CD rates are 11% higher than the national average, and it has a B health rating.

Reviews

Write a Review

No reviews have been left for this bank yet. Be the first to review.

Health

Data as of Q4 2018

Learn why bank health matters

Additional 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 of Watkins has a low asset base.

Health Grade Components

Overall
FDIC Certificate #	8864
Year Established	1914
Employees	9
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.27%
Return on Equity - YTD	11.05%
Annual Interest Income	$1.6MM

Assets and Liabilities
Assets	Q4 2018vs Q4 2017	$43.4MM$46.2MM
Loans	Q4 2018vs Q4 2017	$20.4MM$20.1MM
Deposits	Q4 2018vs Q4 2017	$38.0MM$40.7MM
Equity Capital	Q4 2018vs Q4 2017	$5.1MM$5.2MM
Loan Loss Allowance	Q4 2018vs Q4 2017	$245.00K$252.00K
Unbacked Noncurrent Loans	Q4 2018vs Q4 2017	$318.00K$667.00K
Real Estate Owned	Q4 2018vs Q4 2017	$13.00K$107.00K

Rates

Skip to rates for:

Savings
Money Market
Checking
CD
IRA

Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Farmers State Bank of Watkins; 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 of Watkins Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.25%	-	-	Passbook Savings

Farmers State Bank of Watkins Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.30%	$1k	-	Cash Management Account

Farmers State Bank of Watkins Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.25%	-	-	NOW Account

Farmers State Bank of Watkins CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.61%^*	$2.5k^*	-	30 Month CD
OTHER TIERS: 1.56% → $500 - $2.5k
1.30%^*	$5k^*	-	24 Month CD
OTHER TIERS: 1.25% → $500 - $5k
1.10%^*	$5k^*	-	18 Month CD
OTHER TIERS: 1.05% → $500 - $5k
1.00%^*	$5k^*	-	12 Month CD
OTHER TIERS: 0.95% → $500 - $5k
0.60%^*	$10k^*	-	182 Day CD
OTHER TIERS: 0.55% → $2.5k - $10k
0.35%	$2.5k	-	91 Day CD

Farmers State Bank of Watkins IRA Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
1.61%	$250	-	30 Month IRA Certificate

Locations

Farmers State Bank of Watkins Locations
Farmers State Bank Of Watkins	170 Meeker Ave N	Watkins, MN 55389

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.