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Farmers State Bank of West Concord

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
1.26%5-year CD60 Month Fixed CD
0.25%1-year CD12 Month Fixed CD
0.10%SavingsPassbook Savings

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 255th largest bank in the state of Minnesota. It is also the 5,481st largest bank in the nation. It was established in 1930 and as of June of 2016, it had grown to 14 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 low asset base.

Health Grade Components

Overall
FDIC Certificate #8865
Year Established1930
Employees14
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.64%
Return on Equity - YTD6.1%
Annual Interest Income$995.00K
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$48.5MM$46.4MM
LoansQ2 2016vs Q2 2015$34.3MM$31.6MM
DepositsQ2 2016vs Q2 2015$42.6MM$41.5MM
Equity CapitalQ2 2016vs Q2 2015$4.9MM$4.9MM
Loan Loss AllowanceQ2 2016vs Q2 2015$426.00K$385.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$104.00K$32.00K
Real Estate OwnedQ2 2016vs Q2 2015$53.00K$0
Rates
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Farmers State Bank of West Concord Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$25-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 CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.26%$250-60 Month Fixed CD
1.00%$250-48 Month Fixed CD
0.60%$250-36 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
1.26%$250-60 Month Fixed IRA
1.00%$250-48 Month Fixed IRA
0.60%$250-36 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