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Farmers State Bank


Overview / Commentary
www.fsb1879.com
319-287-3961
131 Tower Park Drive Suite 100
Waterloo, IA 50701

Farmers State Bank is headquartered in Waterloo and is the 19th largest bank in the state of Iowa. It is also the 760th largest bank in the nation. It was established in 1903 and as of September of 2021, it had grown to 122 employees at 8 locations. Farmers State Bank has an A+ health rating.

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Reviews (3)

Review For Service Received

Posted by: |

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.

1

Must Live Within 50 Miles Of A Branch To Qualify

Posted by: |

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....

3

Stay Away From This Bank.

Posted by: |

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.

4


Health
A+

Data as of Q3 2021

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #12855
Year Established1903
Employees122
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.37%
Return on Equity - YTD23.5%
Annual Interest Income$43.9MM
Assets and Liabilities
AssetsQ3 2021vs Q3 2020$1.35B$1.31B
LoansQ3 2021vs Q3 2020$1.10B$1.09B
DepositsQ3 2021vs Q3 2020$1.13B$1.02B
Equity CapitalQ3 2021vs Q3 2020$145.1MM$122.5MM
Loan Loss AllowanceQ3 2021vs Q3 2020$14.0MM$12.9MM
Unbacked Noncurrent LoansQ3 2021vs Q3 2020$1.2MM$449.00K
Real Estate OwnedQ3 2021vs Q3 2020$0$413.00K
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
0.50%*$100*$10kSmart Start Savings Account
OTHER TIERS: 0.15% → $10k+
0.40%$100-Business Earnings Rate
0.05%$300-Savings Account
0.05%*$15k*-FSB Health Savings Account
OTHER TIERS: 0.01% → $1k - $15k

Farmers State Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$500k*-FSB Elite MMDA Account
OTHER TIERS: 0.15% → $1k - $25k | 0.20% → $25k - $100k | 0.25% → $100k - $250k | 0.30% → $250k - $500k

Farmers State Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%-$15kFSB Loyalty Checking
0.05%*$100k*-FSB Gold NOW Checking Account
OTHER TIERS: 0.01% → $2k - $100k

Farmers State Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%$5k-34 Month CD Special
0.70%$5k-23 Month CD Special
0.55%$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

Farmers State Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.51%$5k-2 Year Fixed IRA
Locations


Farmers State Bank Locations
Farmers State Bank131 Tower Park DriveWaterloo, IA 50701
Farmers State Bank, Gilbertville1306 5th StreetGilbertville, IA 50634
Jesup Branch1310 6th StreetJesup, IA 50648
Farmers State Bank224 West 6th StreetWaterloo, IA 50701
Downtown Cedar Falls515 Main StreetCedar Falls, IA 50613
Dunkerton Branch905 Jon RoadDunkerton, IA 50626
Waverly Branch2101 4th Street SwWaverly, IA 50677
Farmers State Bank West Des Moines, Ia9250 University Ave, Suites 117-119West Des Moines, IA 50266

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