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.
Related Posts
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.
Data as of Q3 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 12855 |
| Year Established | 1903 |
| Employees | 114 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.33% |
| Return on Equity - YTD | 14.96% |
| Annual Interest Income | $38.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $1.14B$1.03B |
| Loans | Q3 2019vs Q3 2018 | $948.1MM$849.6MM |
| Deposits | Q3 2019vs Q3 2018 | $939.0MM$822.2MM |
| Equity Capital | Q3 2019vs Q3 2018 | $104.7MM$83.3MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $9.8MM$8.8MM |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $153.00K$78.00K |
| Real Estate Owned | Q3 2019vs Q3 2018 | $1.0MM$240.00K |
