Overview / Commentary
712-262-3340
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 1,636th largest bank in the nation. It was established in 1916 and as of March of 2018, it had grown to 39 employees at 1 location. The Farmers Bank (IA)'s CD rates are 40% higher than the national average, and it has a B health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #12858
Year Established1916
Employees39
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.25%
Return on Equity - YTD14.49%
Annual Interest Income$3.9MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$423.4MM$385.2MM
LoansQ1 2018vs Q1 2017$318.1MM$291.0MM
DepositsQ1 2018vs Q1 2017$373.1MM$334.9MM
Equity CapitalQ1 2018vs Q1 2017$35.4MM$34.2MM
Loan Loss AllowanceQ1 2018vs Q1 2017$4.2MM$3.4MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$1.2MM$849.00K
Real Estate OwnedQ1 2018vs Q1 2017$0$342.00K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.45%$10k-Companion Savings Account Special (New CD Funds Only)
0.35%*$15k*-Health Savings Account
OTHER TIERS: 0.05% Up to $1k | 0.15% $1k - $15k
0.09%$100-Traditional Savings Account

The Farmers Bank (IA) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.55%*$250k*-Investor Money Market Account
OTHER TIERS: 0.10% Up to $10k | 0.15% $10k - $50k | 0.25% $50k - $100k | 0.40% $100k - $250k

The Farmers Bank (IA) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$100k*-Business Interest Checking Account
OTHER TIERS: 0.05% Up to $5k | 0.10% $5k - $25k | 0.15% $25k - $50k | 0.25% $50k - $100k
0.50%*$100k*-Investor Checking
OTHER TIERS: 0.05% Up to $5k | 0.10% $5k - $25k | 0.15% $25k - $50k | 0.25% $50k - $100k
0.50%*$100k*-Adventure Club Account
OTHER TIERS: 0.05% Up to $5k | 0.10% $5k - $25k | 0.15% $25k - $50k | 0.25% $50k - $100k

The Farmers Bank (IA) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.48%$10k-18 Month CD Special
1.76%$100-48 Month CD
1.56%$100-36 Month CD
1.46%$100-24 Month CD
1.31%$100-18 Month CD
1.26%$100-12 Month CD
1.00%$100-9 Month CD
0.95%$100-6 Month CD
0.50%$100-3 Month CD

The Farmers Bank (IA) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.76%$100-48 Month IRA
1.56%$100-36 Month IRA
1.46%$100-24 Month IRA
1.31%$100-18 Month IRA
1.26%$100-12 Month IRA
1.00%$100-9 Month IRA
0.95%$100-182 Day IRA
0.50%$100-91 Day IRA
Locations


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

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