Farmers State Bank of Watkins


Overview / Commentary
320-764-2600
170 Meeker Ave.
Watkins, MN 55389

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.

Reviews

No reviews have been left for this bank yet. Be the first to review.



Health
B+
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 - YTD1.73%
Return on Equity - YTD14.51%
Annual Interest Income$424.00K
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$43.8MM$44.2MM
LoansQ1 2019vs Q1 2018$20.0MM$18.6MM
DepositsQ1 2019vs Q1 2018$38.2MM$39.0MM
Equity CapitalQ1 2019vs Q1 2018$5.3MM$4.9MM
Loan Loss AllowanceQ1 2019vs Q1 2018$249.00K$260.00K
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$124.00K$475.00K
Real Estate OwnedQ1 2019vs Q1 2018$0$29.00K
Rates
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Farmers State Bank of Watkins; we are a rate comparison website and cannot provide official rates or promotions.

* 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
0.25%--Passbook Savings

Farmers State Bank of Watkins Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%$1k-Cash Management Account

Farmers State Bank of Watkins Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%--NOW Account

Farmers State Bank of Watkins CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.61%$250-30 Month IRA Certificate
Locations


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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.