Farmers State Bank (OH)

Overview / Commentary

419-853-4631

11 South Main Street
West Salem, OH 44287

Farmers State Bank (OH) is headquartered in West Salem and is the 109^th largest bank in the state of Ohio. It is also the 3,491^st largest bank in the nation. It was established in 1915 and as of June of 2020, it had grown to 40 employees at 6 locations. Farmers State Bank (OH) has an A health rating.

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Health

Data as of Q2 2020

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Health Grade Components

Overall
FDIC Certificate #	8647
Year Established	1915
Employees	40
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.51%
Return on Equity - YTD	5.85%
Annual Interest Income	$2.5MM

Assets and Liabilities
Assets	Q2 2020vs Q2 2019	$147.8MM$119.7MM
Loans	Q2 2020vs Q2 2019	$101.3MM$86.0MM
Deposits	Q2 2020vs Q2 2019	$129.0MM$107.8MM
Equity Capital	Q2 2020vs Q2 2019	$11.9MM$11.3MM
Loan Loss Allowance	Q2 2020vs Q2 2019	$692.00K$828.00K
Unbacked Noncurrent Loans	Q2 2020vs Q2 2019	$80.00K$1.7MM
Real Estate Owned	Q2 2020vs Q2 2019	$0$0

Rates

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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 (OH) Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.20%	$25	-	Variable IRA Savings
0.01%	$100	-	Regular Savings
0.01%	$100	-	Monthly Business Savings
0.01%	$100	-	Automatic Transfer Savings

Farmers State Bank (OH) Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.10%^*	$50k^*	$10m	Money Market
OTHER TIERS: 0.02% → $100 - $15k \| 0.05% → $15k - $25k \| 0.07% → $25k - $50k

Farmers State Bank (OH) Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.05%^*	$25k^*	$10m	Personal Checking With Interest
OTHER TIERS: 0.01% → $100 - $10k \| 0.03% → $10k - $25k
0.03%^*	$10k^*	$10m	Business Checking With Interest
OTHER TIERS: 0.01% → $100 - $10k

Farmers State Bank (OH) CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%	$500	-	72 Month CD
0.40%	$500	-	60 Month CD
0.30%	$500	-	48 Month CD
0.25%	$500	-	24 Month CD
0.25%	$500	-	30 Month CD
0.25%	$500	-	36 Month CD
0.20%	$500	-	12 Month CD
0.20%	$500	-	15 Month CD
0.20%	$500	-	18 Month CD
0.05%	$500	-	6 Month CD
0.03%	$500	-	3 Month CD

Locations

Farmers State Bank (OH) Locations
Marshallville Branch	10 North Main Street	Marshallville, OH 44645
Farmers State Bank	11 South Main Street	West Salem, OH 44287
East Main Street Branch	1690 East Main Street	Ashland, OH 44805
Ashland Branch	2017 S Baney Rd	Ashland, OH 44805
Rittman Branch	205 North Main Street	Rittman, OH 44270
Wooster Office	235 W Liberty St	Wooster, OH 44691

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