Overview / Commentary
507-527-2236
181 Main Street
West Concord, MN 55985

Farmers State Bank of West Concord is headquartered in West Concord and is the 236th largest bank in the state of Minnesota. It is also the 4,963rd largest bank in the nation. It was established in 1930 and as of September of 2018, it had grown to 12 employees at 2 locations. Farmers State Bank of West Concord has a B+ health rating.

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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 West Concord has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #8865
Year Established1930
Employees12
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.84%
Return on Equity - YTD8.03%
Annual Interest Income$1.6MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$51.0MM$50.0MM
LoansQ3 2018vs Q3 2017$39.0MM$35.4MM
DepositsQ3 2018vs Q3 2017$45.6MM$44.7MM
Equity CapitalQ3 2018vs Q3 2017$5.3MM$5.2MM
Loan Loss AllowanceQ3 2018vs Q3 2017$598.00K$497.00K
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$19.00K$31.00K
Real Estate OwnedQ3 2018vs Q3 2017$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Farmers State Bank of West Concord; 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 West Concord Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$250-Variable IRA
0.10%$100-Passbook Savings
0.10%--Youth Savings Account

Farmers State Bank of West Concord Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*-$10kMoney Market Savings
OTHER TIERS: 0.10% $100k+ | 0.12% $25k - $100k | 0.15% $10k - $25k

Farmers State Bank of West Concord Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Interest Checking
0.05%--Premium Checking

Farmers State Bank of West Concord CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.03%$250-36 Month Fixed CD
1.26%$250-60 Month Fixed CD
1.00%$250-48 Month Fixed CD
0.45%$250-30 Month Fixed CD
0.40%$250-24 Month Fixed CD
0.35%$250-18 Month Fixed CD
0.25%$250-12 Month Fixed CD
0.15%$250-3 Month Fixed CD
0.15%$250-6 Month Fixed CD

Farmers State Bank of West Concord IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.03%$250-36 Month Fixed IRA
1.26%$250-60 Month Fixed IRA
1.00%$250-48 Month Fixed IRA
0.45%$250-30 Month Fixed IRA
0.40%$250-24 Month Fixed IRA
0.35%$250-18 Month Fixed IRA
0.25%$250-12 Month Fixed IRA
0.15%$250-3 Month Fixed IRA
0.15%$250-6 Month Fixed IRA
Locations


Farmers State Bank of West Concord Locations
Farmers State Bank Of West Concord181 Main StreetWest Concord, MN 55985
Dennison Branch37470 First Ave. CourtDennison, MN 55018

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