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Farmers State Bank

Popular Accounts at this Bank

2.35%3-year CD34 Month CD Special
2.05%18-month CD17 Month CD Special
0.95%5-year CD5 Year CD

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 796th largest bank in the nation. It was established in 1903 and as of December of 2017, it had grown to 100 employees at 10 locations. Farmers State Bank's money market rates are 2X the national average, and it has a B+ health rating.

Related Posts

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).

CD Specials at Farmers State Bank in Iowa - 5/3/2017

1.62% 15-month 1.80% 28-month 2.02% 39-month $5,000 minimum https://www.fsb1879.com/rates/deposit-rates.aspx

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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 - YTD1.37%
Return on Equity - YTD16.94%
Annual Interest Income$37.2MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$954.3MM$850.6MM
LoansQ4 2017vs Q4 2016$768.2MM$705.2MM
DepositsQ4 2017vs Q4 2016$780.9MM$684.6MM
Equity CapitalQ4 2017vs Q4 2016$77.6MM$65.1MM
Loan Loss AllowanceQ4 2017vs Q4 2016$8.0MM$7.0MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$655.00K$264.00K
Real Estate OwnedQ4 2017vs Q4 2016$4.8MM$249.00K
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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

2.00%*-$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

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

Farmers State Bank Checking Account Rates

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

2.35%*$250k*-34 Month CD Special
OTHER TIERS: 2.15% $5k - $100k | 2.25% $100k - $250k
2.05%*$250k*-17 Month CD Special
OTHER TIERS: 1.85% $5k - $100k | 1.95% $100k - $250k
0.95%$2,500-5 Year CD
0.61%$2,500-3 Year CD
0.51%$2,500-2 Year CD
0.41%$5k-1 Year CD
0.22%$5k-< 1 Year CD

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