Farmers State Bank

TODAY'S FEATURED RATES

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Overview / Commentary

www.fsb1879.com

319-287-3966

131 Tower Park Drive Suite 100
Waterloo, IA 50701

Farmers State Bank is headquartered in WATERLOO and is the 18^th largest bank in the state of Iowa. It is also the 695^th largest bank in the nation. It was established in 1903 and as of March of 2025, it had grown to 105 employees at 8 locations. Farmers State Bank's money market rates are 5X the national average, and it has an A health rating.

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Health

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	12855
Year Established	1903
Employees	105
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.7%
Return on Equity - YTD	7.92%
Annual Interest Income	$20.1MM

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$1.62B$1.58B
Loans	Q1 2025vs Q1 2024	$1.3B$1.26B
Deposits	Q1 2025vs Q1 2024	$1.25B$1.21B
Equity Capital	Q1 2025vs Q1 2024	$144.4MM$140.9MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$13.1MM$14.2MM
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$159K$2.8MM
Real Estate Owned	Q1 2025vs Q1 2024	$74K$1.3MM

TODAY'S FEATURED RATES

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

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Savings
Money Market
Checking
CD
IRA

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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 Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%^*	$100^*	$10k	Smart Start Savings Account
OTHER TIERS: 0.15% → $10k+
0.05%	$100	-	Savings Account
0.05%^*	$15k^*	-	FSB Health Savings Account
OTHER TIERS: 0.01% → $1k - $15k
0.05%	$100	-	Business Savings Account

Farmers State Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
2.25%^*	$1m^*	-	FSB Diamond MMDA Account
OTHER TIERS: 1.00% → $25k - $100k \| 1.50% → $100k - $250k \| 1.75% → $250k - $1m
2.25%^*	$1m^*	-	Business FSB Diamond MMDA Account
OTHER TIERS: 1.00% → $25k - $100k \| 1.50% → $100k - $250k \| 1.75% → $250k - $1m
1.50%^*	$500k^*	-	FSB Elite MMDA Account
OTHER TIERS: 0.50% → $1k - $25k \| 0.75% → $25k - $100k \| 1.00% → $100k - $500k
1.50%^*	$500k^*	-	Business FSB Elite MMDA Account
OTHER TIERS: 0.50% → $1k - $25k \| 0.75% → $25k - $100k \| 1.00% → $100k - $500k

Farmers State Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
3.04%^*	$0	$15k	FSB Rewards Checking
OTHER TIERS: 0.15% → $15k+
2.00%	$0	$15k	FSB Loyalty Checking
0.05%	$0	-	FSB Platinum 50+

Farmers State Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
4.20%	$5k	-	9 Month CD Special
4.00%	$5k	-	17 Month CD Special
0.50%	$2.5k	-	60 Month CD
0.40%	$2.5k	-	36 Month CD
0.35%	$2.5k	-	24 Month CD
0.20%	$2.5k	-	12 Month CD
0.20%	$2.5k	-	<12 Month CD

Farmers State Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.51%	$5k	-	2 Year Fixed IRA

Locations

Farmers State Bank Locations
Farmers State Bank	131 Tower Park Dr	Waterloo, IA 50701
Farmers State Bank, Gilbertville	1306 5th Street	Gilbertville, IA 50634
Jesup Branch	1310 6th Street	Jesup, IA 50648
Farmers State Bank	224 West 6th Street	Waterloo, IA 50701
Downtown Cedar Falls	515 Main Street	Cedar Falls, IA 50613
Dunkerton Branch	905 Jon Road	Dunkerton, IA 50626
Waverly Branch	2101 4th Street Sw	Waverly, IA 50677
Farmers State Bank West Des Moines, Ia	9250 University Ave, Suites 117-119	West Des Moines, IA 50266

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