2. Farmers State Bank

Farmers State Bank

Popular Accounts at this Bank

APYACCOUNT TYPEHOW THEY COMPARE
2.54%18-month CD
2.75% - Synchrony Bank 18 Month CDAdvertisement
0.95%5-year CD
3.10% - Barclays 60 Month Online CDAdvertisement
0.41%1-year CD
2.55% - Barclays 12 Month Online CDAdvertisement
View all Farmers State Bank rates »

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 16th largest bank in the state of Iowa. It is also the 769th largest bank in the nation. It was established in 1903 and as of June of 2018, it had grown to 99 employees at 10 locations. Farmers State Bank's money market rates are 2X the national average, and it has an A health rating.

Related Posts

Rate Increases On 17- And 27-Month Cds - 6/14/2018

New rates as of today are: 17-month CD 2.38% APY $100k+ 2.28% APY $5k+ 27-month CD 2.57% APY $100k+ 2/47% APY $5k+

Farmers State Bank Adds 17-Month CD Special - 12/7/2017

Farmers State Bank (Iowa) has added two CD Specials with tiered APYs, with the 17-month earning up to 2.05% APY ($250k) and the 34-month earning up to 2.25% APY ($250k).

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Reviews (2)

Must Live Within 50 Miles Of A Branch To Qualify

Posted by: plzdontspamme | Aug 5, 2010

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: villagegeek | Jul 28, 2010

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 Q2 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #12855
Year Established1903
Employees99
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.31%
Return on Equity - YTD16.09%
Annual Interest Income$20.9MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$1.00B$883.0MM
LoansQ2 2018vs Q2 2017$822.5MM$719.8MM
DepositsQ2 2018vs Q2 2017$792.9MM$731.0MM
Equity CapitalQ2 2018vs Q2 2017$81.8MM$73.4MM
Loan Loss AllowanceQ2 2018vs Q2 2017$8.5MM$7.4MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$0$123.00K
Real Estate OwnedQ2 2018vs Q2 2017$5.1MM$3.6MM
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*$100*$5kSmart Start Savings Account
OTHER TIERS: 0.50% → $10k+ | 1.00% → $5k - $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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.02%$10k-FSB Elite MMDA Account
0.35%$1k-FSB Brokerage MMDA

Farmers State Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.05%*-$20kFSB Loyalty Checking
OTHER TIERS: 0.15% → $20k+
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
2.74%*$100k*-27 Month CD Special
OTHER TIERS: 2.64% → $5k - $100k
2.54%*$100k*-17 Month CD Special
OTHER TIERS: 2.44% → $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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.10%$2.5k-IRA Fixed 2 Year CD
Locations


Cities: Cedar Falls, Dunkerton, Gilbertville, Independence, Jesup, La Porte City, Waterloo, Waverly

Cedar Falls Branches
Cedar Falls Branch1710 1st Street, Suite ACedar Falls, IA 50613
Downtown Cedar Falls515 Main StreetCedar Falls, IA 50613

Dunkerton Branches
Dunkerton Branch905 Jon RoadDunkerton, IA 50626

Gilbertville Branches
Farmers State Bank, Gilbertville1306 5th StreetGilbertville, IA 50634

Independence Branches
Farmers State Bank Independence, Ia2002 Enterprise CtIndependence, IA 50644

Jesup Branches
Jesup Branch1310 6th StreetJesup, IA 50648

La Porte City Branches
Farmers State Bank, LA Porte City508 Hwy 218 NLa Porte City, IA 50651

Waterloo Branches
Farmers State Bank131 Tower Park DriveWaterloo, IA 50701
Farmers State Bank224 West 6th StreetWaterloo, IA 50701

Waverly Branches
Waverly Branch2101 4th Street SwWaverly, IA 50677

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