Overview / Commentary
125 West 4th Street
Spencer, IA 51301

The Farmers Bank (IA) is headquartered in Spencer and is the 43rd largest bank in the state of Iowa. It is also the 1,625th largest bank in the nation. It was established in 1916 and as of September of 2018, it had grown to 40 employees at 1 location. The Farmers Bank (IA)'s CD rates are 68% higher than the national average, and it has an A health rating.


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Health Grade Components

FDIC Certificate #12858
Year Established1916
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.33%
Return on Equity - YTD15.54%
Annual Interest Income$12.6MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$429.3MM$402.6MM
LoansQ3 2018vs Q3 2017$348.9MM$315.2MM
DepositsQ3 2018vs Q3 2017$375.5MM$351.8MM
Equity CapitalQ3 2018vs Q3 2017$36.5MM$34.8MM
Loan Loss AllowanceQ3 2018vs Q3 2017$4.1MM$4.1MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$580.00K$2.5MM
Real Estate OwnedQ3 2018vs Q3 2017$0$242.00K
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Always verify rates and promotions with the bank or credit union. We are not The Farmers Bank (IA); 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.

The Farmers Bank (IA) Savings Account Rates

0.35%*$15k*-Health Savings Account
OTHER TIERS: 0.05% Up to $1k | 0.15% $1k - $15k
0.19%$100-Traditional Savings Account

The Farmers Bank (IA) Money Market Rates

0.65%*$250k*-Investor Money Market Account
OTHER TIERS: 0.15% Up to $10k | 0.25% $10k - $50k | 0.35% $50k - $100k | 0.50% $100k - $250k

The Farmers Bank (IA) Checking Account Rates

0.60%*$100k*-Business Interest Checking Account
OTHER TIERS: 0.10% Up to $5k | 0.20% $5k - $25k | 0.25% $25k - $50k | 0.35% $50k - $100k
0.60%*$100k*-Investor Checking
OTHER TIERS: 0.10% Up to $5k | 0.20% $5k - $25k | 0.25% $25k - $50k | 0.35% $50k - $100k
0.60%*$100k*-Adventure Club Account
OTHER TIERS: 0.10% Up to $5k | 0.20% $5k - $25k | 0.25% $25k - $50k | 0.35% $50k - $100k

The Farmers Bank (IA) CD Rates

2.02%$100-48 Month CD
1.81%$100-36 Month CD
1.76%$100-24 Month CD
1.56%$100-18 Month CD
1.51%$100-12 Month CD
1.26%$100-9 Month CD
1.21%$100-6 Month CD
0.65%$100-3 Month CD

The Farmers Bank (IA) IRA Rates

2.02%$100-48 Month IRA
1.81%$100-36 Month IRA
1.76%$100-24 Month IRA
1.56%$100-18 Month IRA
1.51%$100-12 Month IRA
1.26%$100-9 Month IRA
1.21%$100-6 Month IRA
0.65%$100-3 Month IRA

The Farmers Bank (IA) Locations
Farmers Trust and Savings Bank125 West 4th StreetSpencer, IA 51301

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