Farmers State Bank (OH)

Overview / Commentary
11 South Main Street
West Salem, OH 44287

Farmers State Bank (OH) is headquartered in West Salem and is the 113th largest bank in the state of Ohio. It is also the 3,543rd largest bank in the nation. It was established in 1915 and as of March 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 Grade Components

FDIC Certificate #8647
Year Established1915
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.41%
Return on Equity - YTD4.58%
Annual Interest Income$1.3MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$133.6MM$123.0MM
LoansQ1 2020vs Q1 2019$88.7MM$84.4MM
DepositsQ1 2020vs Q1 2019$116.7MM$111.3MM
Equity CapitalQ1 2020vs Q1 2019$11.5MM$11.0MM
Loan Loss AllowanceQ1 2020vs Q1 2019$690.00K$801.00K
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$173.00K$1.7MM
Real Estate OwnedQ1 2020vs Q1 2019$0$0
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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

0.27%$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

0.15%*$25k*$10mMoney Market
OTHER TIERS: 0.05% $100 - $2.5k | 0.10% $2.5k - $25k

Farmers State Bank (OH) Checking Account Rates

0.08%*$25k*$10mPersonal Checking With Interest
OTHER TIERS: 0.01% $100 - $10k | 0.05% $10k - $25k
0.05%*$10k*$10mBusiness Checking With Interest
OTHER TIERS: 0.01% $100 - $10k

Farmers State Bank (OH) CD Rates

0.71%$500-72 Month CD
0.65%$500-48 Month CD
0.65%$500-60 Month CD
0.48%$500-36 Month CD
0.44%$500-24 Month CD
0.44%$500-30 Month CD
0.27%$500-12 Month CD
0.27%$500-15 Month CD
0.27%$500-18 Month CD
0.09%$500-6 Month CD
0.05%$500-3 Month CD

Farmers State Bank (OH) Locations
Marshallville Branch10 North Main StreetMarshallville, OH 44645
Farmers State Bank11 South Main StreetWest Salem, OH 44287
East Main Street Branch1690 East Main StreetAshland, OH 44805
Ashland Branch2017 S Baney RdAshland, OH 44805
Rittman Branch205 North Main StreetRittman, OH 44270
Wooster Office235 W Liberty StWooster, OH 44691

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