Farmers State Bank


Overview / Commentary
319-287-3961
131 Tower Park Drive Suite 100
Waterloo, IA 50701

Farmers State Bank is headquartered in Waterloo and is the 16th largest bank in the state of Iowa. It is also the 708th largest bank in the nation. It was established in 1903 and as of September of 2019, it had grown to 114 employees at 11 locations. Farmers State Bank's money market rates are 2X the national average, and it has an A health rating.

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Reviews (3)

Review For Service Received

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.

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.



Health

Health Grade Components

Overall
FDIC Certificate #12855
Year Established1903
Employees114
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.33%
Return on Equity - YTD14.96%
Annual Interest Income$38.2MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$1.14B$1.03B
LoansQ3 2019vs Q3 2018$948.1MM$849.6MM
DepositsQ3 2019vs Q3 2018$939.0MM$822.2MM
Equity CapitalQ3 2019vs Q3 2018$104.7MM$83.3MM
Loan Loss AllowanceQ3 2019vs Q3 2018$9.8MM$8.8MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$153.00K$78.00K
Real Estate OwnedQ3 2019vs Q3 2018$1.0MM$240.00K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.02%*$100*$10kSmart Start Savings Account
OTHER TIERS: 0.50% $10k+
0.75%*$15k*-FSB Health Savings Account
OTHER TIERS: 0.05% Up to $1k | 0.15% $1k - $5k | 0.50% $5k - $15k
0.50%$100-Business Earnings Rate
0.10%$300-Savings Account

Farmers State Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.02%*$100k*-FSB Elite MMDA Account
OTHER TIERS: 0.75% $10k - $100k
0.35%$1k-FSB Brokerage MMDA

Farmers State Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.05%-$15kFSB 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.10%*$100k*-14 Month CD Special
OTHER TIERS: 2.05% $5k - $100k
2.07%*$100k*-8 Month CD Special
OTHER TIERS: 2.02% $5k - $100k
0.95%$5k-60 Month CD
0.61%$5k-36 Month CD
0.51%$5k-24 Month CD
0.41%$5k-12 Month CD
0.22%$5k-< 1 Year CD

Farmers State Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.10%$5k-2 Year Fixed IRA
Locations

Availability



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