Farmers State Bank
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 2.90% | 18-month CD | 1.60% - National Average |
| 3.05% | Reward Checking | 2.15% - National Average |
| 0.95% | 5-year CD | 3.10% - Barclays 60 Month Online CD |
Farmers State Bank is headquartered in Waterloo and is the 16th largest bank in the state of Iowa. It is also the 748th largest bank in the nation. It was established in 1903 and as of December of 2018, it had grown to 102 employees at 10 locations. Farmers State Bank's money market rates are 2X the national average, and it has a B+ health rating.
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Must Live Within 50 Miles Of A Branch To Qualify
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....
Stay Away From This Bank.
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.
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 12855 |
| Year Established | 1903 |
| Employees | 102 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.32% |
| Return on Equity - YTD | 16.2% |
| Annual Interest Income | $44.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $1.06B$954.3MM |
| Loans | Q4 2018vs Q4 2017 | $875.2MM$768.2MM |
| Deposits | Q4 2018vs Q4 2017 | $821.0MM$780.9MM |
| Equity Capital | Q4 2018vs Q4 2017 | $88.6MM$77.6MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $9.1MM$8.0MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $3.00K$655.00K |
| Real Estate Owned | Q4 2018vs Q4 2017 | $365.00K$4.8MM |
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.
Farmers State Bank Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.25%* | $100* | $10k | Smart Start Savings Account | ||
| OTHER TIERS: 0.50% → $10k+ | |||||
| 1.00%* | $15k* | - | FSB Health Savings Account | ||
| OTHER TIERS: 0.05% → Up to $1k | 0.25% → $1k - $5k | 0.75% → $5k - $15k | |||||
| 0.50% | $100 | - | Business Earnings Rate | ||
| 0.10% | $300 | - | Savings Account | ||
Farmers State Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.02% | $10k | - | FSB Elite MMDA Account | |
| 0.35% | $1k | - | FSB Brokerage MMDA |
Farmers State Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 3.05% | - | $20k | FSB Loyalty Checking | ||
| 0.15%* | $100k* | - | FSB Gold NOW Checking Account | ||
| OTHER TIERS: 0.05% → $2k - $25k | 0.07% → $25k - $100k | |||||
Farmers State Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 3.00%* | $100k* | - | 24 Month CD Special | ||
| OTHER TIERS: 2.90% → $5k - $100k | |||||
| 2.90%* | $100k* | - | 17 Month CD Special | ||
| OTHER TIERS: 2.80% → $5k - $100k | |||||
| 0.95% | $2.5k | - | 5 Year CD | ||
| 0.61% | $2.5k | - | 3 Year CD | ||
| 0.51% | $2.5k | - | 2 Year CD | ||
| 0.41% | $5k | - | 1 Year CD | ||
| 0.22% | $5k | - | < 1 Year CD | ||
Farmers State Bank IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.10% | $2.5k | - | 2 Year Fixed IRA |
| Cedar Falls Branches | ||
|---|---|---|
| Cedar Falls Branch | 1710 1st Street, Suite A | Cedar Falls, IA 50613 |
| Downtown Cedar Falls | 515 Main Street | Cedar Falls, IA 50613 |
| Dunkerton Branches | ||
|---|---|---|
| Dunkerton Branch | 905 Jon Road | Dunkerton, IA 50626 |
| Gilbertville Branches | ||
|---|---|---|
| Farmers State Bank, Gilbertville | 1306 5th Street | Gilbertville, IA 50634 |
| Independence Branches | ||
|---|---|---|
| Farmers State Bank Independence, Ia | 2002 Enterprise Ct | Independence, IA 50644 |
| Jesup Branches | ||
|---|---|---|
| Jesup Branch | 1310 6th Street | Jesup, IA 50648 |
| La Porte City Branches | ||
|---|---|---|
| Farmers State Bank, LA Porte City | 508 Hwy 218 N | La Porte City, IA 50651 |
| Waterloo Branches | ||
|---|---|---|
| Farmers State Bank | 131 Tower Park Drive | Waterloo, IA 50701 |
| Farmers State Bank | 224 West 6th Street | Waterloo, IA 50701 |
| Waverly Branches | ||
|---|---|---|
| Waverly Branch | 2101 4th Street Sw | Waverly, IA 50677 |