Overview / Commentary
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 759th largest bank in the nation. It was established in 1903 and as of September of 2018, it had grown to 100 employees at 10 locations. Farmers State Bank has an A health rating.

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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+

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Reviews (2)

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 Grade Components

FDIC Certificate #12855
Year Established1903
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.32%
Return on Equity - YTD16.28%
Annual Interest Income$32.1MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$1.03B$912.3MM
LoansQ3 2018vs Q3 2017$849.6MM$742.5MM
DepositsQ3 2018vs Q3 2017$822.2MM$764.0MM
Equity CapitalQ3 2018vs Q3 2017$83.3MM$75.5MM
Loan Loss AllowanceQ3 2018vs Q3 2017$8.8MM$7.6MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$78.00K$247.00K
Real Estate OwnedQ3 2018vs Q3 2017$240.00K$3.7MM

Rates for Farmers State Bank are currently being reviewed.


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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