Farmers State Bank is headquartered in Waterloo and is the 19th largest bank in the state of Iowa. It is also the 714th largest bank in the nation. It was established in 1903 and as of March of 2022, it had grown to 123 employees at 8 locations. Farmers State Bank's money market rates are 36% higher than the national average, and it has an A health rating.
I stopped in the Independence FSB branch today to make a deposit. The clerk was very friendly and processed my transaction quickly. I really appreciate the service I receive from them.
We live in Iowa and applied for an account, but were turned down because we lived more than 50 miles from the nearest branch. It currently doesn't say this on their web site, so be warned....
We opened accounts and less than a week later they changed account types. They knew ahead of time but opened the accounts anyway. Now we are out all the $$ for our new checks much less the almost 1.5 hours it took to get each of the accounts set up. They have a nice small town feel but no morals. They will lie right to your face.
Overall | |
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FDIC Certificate # | 12855 |
Year Established | 1903 |
Employees | 123 |
Primary Regulator | FDIC |
Profit Margin | |
---|---|
Return on Assets - YTD | 1.77% |
Return on Equity - YTD | 17.04% |
Annual Interest Income | $13.5MM |
Assets and Liabilities | ||
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Assets | Q1 2022vs Q1 2021 | $1.45B$1.38B |
Loans | Q1 2022vs Q1 2021 | $1.20B$1.14B |
Deposits | Q1 2022vs Q1 2021 | $1.09B$1.16B |
Equity Capital | Q1 2022vs Q1 2021 | $144.1MM$131.4MM |
Loan Loss Allowance | Q1 2022vs Q1 2021 | $14.3MM$13.3MM |
Unbacked Noncurrent Loans | Q1 2022vs Q1 2021 | $4.1MM$9.9MM |
Real Estate Owned | Q1 2022vs Q1 2021 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Farmers State Bank; 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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.60%* | $500k* | - | FSB Elite MMDA Account | ||
OTHER TIERS: 0.15% → $1k - $25k | 0.25% → $25k - $100k | 0.35% → $100k - $250k | 0.50% → $250k - $500k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
3.04%* | - | $15k | FSB Rewards Checking | ||
OTHER TIERS: 0.15% → $15k+ | |||||
2.00% | - | $15k | FSB Loyalty Checking | ||
0.05%* | $100k* | - | FSB Gold NOW Checking Account | ||
OTHER TIERS: 0.01% → $2k - $100k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
2.75% | $5k | - | 17 Month CD Special | |
2.25% | $5k | - | 10 Month CD Special | |
0.50% | $5k | - | 60 Month CD | |
0.40% | $5k | - | 36 Month CD | |
0.35% | $5k | - | 24 Month CD | |
0.20% | $5k | - | 12 Month CD | |
0.20% | $5k | - | <12 Month CD |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.51% | $5k | - | 2 Year Fixed IRA |
Farmers State Bank Locations | ||
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Farmers State Bank | 131 Tower Park Drive | 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 |