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  2. Farmers State Bank of Watkins

Farmers State Bank of Watkins

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
0.45%1-year CD12 Month CD
0.62% - National Average
0.15%SavingsPassbook Savings
1.30% - Synchrony Bank High Yield SavingsAdvertisement
0.80%3-year CD30 Month CD
1.60% - Ally Bank High Yield 3 Year CDAdvertisement
View all Farmers State Bank of Watkins rates »

Overview / Commentary
www.fsbwatkins.com
320-764-2600
Meeker And Second Avenue
Watkins, MN 55389

Farmers State Bank of Watkins is headquartered in Watkins and is the 266th largest bank in the state of Minnesota. It is also the 5,379th largest bank in the nation. It was established in 1914 and as of June of 2017, it had grown to 9 employees at 1 location. Farmers State Bank of Watkins has a B health rating.

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Health
B

Data as of Q2 2017

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 Established1914
Employees9
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.09%
Return on Equity - YTD9.31%
Annual Interest Income$740.00K
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$43.4MM$41.5MM
LoansQ2 2017vs Q2 2016$20.2MM$22.0MM
DepositsQ2 2017vs Q2 2016$37.8MM$35.8MM
Equity CapitalQ2 2017vs Q2 2016$5.2MM$5.4MM
Loan Loss AllowanceQ2 2017vs Q2 2016$268.00K$295.00K
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$730.00K$257.00K
Real Estate OwnedQ2 2017vs Q2 2016$109.00K$144.00K
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$50-Passbook Savings

Farmers State Bank of Watkins Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%$1k-Cash Management Account

Farmers State Bank of Watkins Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$800-NOW Account

Farmers State Bank of Watkins CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%*$2,500*-30 Month CD
OTHER TIERS: 0.75% → $500 - $2,500
0.70%*$5k*-24 Month CD
OTHER TIERS: 0.65% → $500 - $5k
0.50%*$5k*-18 Month CD
OTHER TIERS: 0.45% → $500 - $5k
0.45%*$5k*-12 Month CD
OTHER TIERS: 0.40% → $500 - $5k
0.25%$2,500-91 Day CD
0.25%*$10k*-182 Day CD
OTHER TIERS: 0.20% → $2,500 - $10k

Farmers State Bank of Watkins IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%$250-30 Month IRA Certificate
Locations


Farmers State Bank of Watkins Locations
Farmers State Bank Of WatkinsMeeker and Second AvenueWatkins, MN 55389