Overview / Commentary
Farmers State Bank of Watkins is headquartered in Watkins and is the 244th largest bank in the state of Minnesota. It is also the 4,998th largest bank in the nation. It was established in 1914 and as of March of 2019, 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.
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 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 | 1.73% |
| Return on Equity - YTD | 14.51% |
| Annual Interest Income | $424.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2019vs Q1 2018 | $43.8MM$44.2MM |
| Loans | Q1 2019vs Q1 2018 | $20.0MM$18.6MM |
| Deposits | Q1 2019vs Q1 2018 | $38.2MM$39.0MM |
| Equity Capital | Q1 2019vs Q1 2018 | $5.3MM$4.9MM |
| Loan Loss Allowance | Q1 2019vs Q1 2018 | $249.00K$260.00K |
| Unbacked Noncurrent Loans | Q1 2019vs Q1 2018 | $124.00K$475.00K |
| Real Estate Owned | Q1 2019vs Q1 2018 | $0$29.00K |
Rates
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* 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
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 |