Featured Savings Rates
Featured Accounts

Farmers State Bank of Watkins

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
0.65%1-year CD12 Month CD
0.15%SavingsPassbook Savings
1.30%3-year CD30 Month CD

Overview / Commentary
320-764-2600
Meeker And Second Avenue
Watkins, MN 55389

Farmers State Bank of Watkins is headquartered in Watkins and is the 257th largest bank in the state of Minnesota. It is also the 5,214th largest bank in the nation. It was established in 1914 and as of March of 2018, it had grown to 9 employees at 1 location. Farmers State Bank of Watkins has a B health rating.

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Health
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 - YTD1.47%
Return on Equity - YTD13.14%
Annual Interest Income$391.00K
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$44.2MM$44.0MM
LoansQ1 2018vs Q1 2017$18.6MM$19.4MM
DepositsQ1 2018vs Q1 2017$39.0MM$38.6MM
Equity CapitalQ1 2018vs Q1 2017$4.9MM$5.1MM
Loan Loss AllowanceQ1 2018vs Q1 2017$260.00K$282.00K
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$475.00K$692.00K
Real Estate OwnedQ1 2018vs Q1 2017$29.00K$110.00K
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
1.30%*$2,500*-30 Month CD
OTHER TIERS: 1.25% $500 - $2,500
1.10%*$5k*-24 Month CD
OTHER TIERS: 1.05% $500 - $5k
0.75%*$5k*-18 Month CD
OTHER TIERS: 0.70% $500 - $5k
0.65%*$5k*-12 Month CD
OTHER TIERS: 0.60% $500 - $5k
0.50%*$10k*-182 Day CD
OTHER TIERS: 0.45% $2,500 - $10k
0.35%$2,500-91 Day CD

Farmers State Bank of Watkins IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.30%$250-30 Month IRA Certificate
Locations


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

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