Farmers State Bank of Watkins

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
0.65%	1-year CD	12 Month CD 2.45% - Goldman Sachs Bank USA High-yield 12 Month CD
0.15%	Savings	Passbook Savings 1.75% - American Express National Bank High Yield Savings Account
1.30%	3-year CD	30 Month CD 2.55% - Goldman Sachs Bank USA High-yield 3 Year CD

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 257^th largest bank in the state of Minnesota. It is also the 5,214^th 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

B

Data as of Q1 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	1.47%
Return on Equity - YTD	13.14%
Annual Interest Income	$391.00K

Assets and Liabilities
Assets	Q1 2018vs Q1 2017	$44.2MM$44.0MM
Loans	Q1 2018vs Q1 2017	$18.6MM$19.4MM
Deposits	Q1 2018vs Q1 2017	$39.0MM$38.6MM
Equity Capital	Q1 2018vs Q1 2017	$4.9MM$5.1MM
Loan Loss Allowance	Q1 2018vs Q1 2017	$260.00K$282.00K
Unbacked Noncurrent Loans	Q1 2018vs Q1 2017	$475.00K$692.00K
Real Estate Owned	Q1 2018vs Q1 2017	$29.00K$110.00K

Rates

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Money Market
Checking
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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
0.15%	$50	-	Passbook Savings

Farmers State Bank of Watkins Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.20%	$1k	-	Cash Management Account

Farmers State Bank of Watkins Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.15%	$800	-	NOW Account

Farmers State Bank of Watkins CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.30%^*	$2.5k^*	-	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%	$2.5k	-	91 Day CD

Farmers State Bank of Watkins IRA Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
1.30%	$250	-	30 Month IRA Certificate

Locations

Farmers State Bank of Watkins Locations
Farmers State Bank Of Watkins	Meeker and Second Avenue	Watkins, MN 55389

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