Farmers State Bank of Watkins

Overview / Commentary
170 Meeker Ave.
Watkins, MN 55389

Farmers State Bank of Watkins is headquartered in Watkins and is the 242nd largest bank in the state of Minnesota. It is also the 4,805th largest bank in the nation. It was established in 1914 and as of December 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.


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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

FDIC Certificate #8864
Year Established1914
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.58%
Return on Equity - YTD12.35%
Annual Interest Income$1.7MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$46.7MM$43.4MM
LoansQ4 2019vs Q4 2018$21.1MM$20.4MM
DepositsQ4 2019vs Q4 2018$40.3MM$38.0MM
Equity CapitalQ4 2019vs Q4 2018$6.1MM$5.1MM
Loan Loss AllowanceQ4 2019vs Q4 2018$246.00K$245.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$185.00K$318.00K
Real Estate OwnedQ4 2019vs Q4 2018$0$13.00K
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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

0.25%--Passbook Savings

Farmers State Bank of Watkins Money Market Rates

0.30%$1k-Cash Management Account

Farmers State Bank of Watkins Checking Account Rates

0.25%--NOW Account

Farmers State Bank of Watkins CD Rates

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

1.61%$250-30 Month IRA Certificate

Farmers State Bank of Watkins Locations
Farmers State Bank Of Watkins170 Meeker Ave NWatkins, MN 55389

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