2. The Farmers Bank (IA)

The Farmers Bank (IA)

Popular Accounts at this Bank

APYACCOUNT TYPEHOW THEY COMPARE
1.26%1-year CD
2.55% - Goldman Sachs Bank USA High-yield 12 Month CDAdvertisement
0.09%Savings
1.90% - American Express National Bank High Yield Savings AccountAdvertisement
1.76%4-year CD
1.78% - National Average
View all The Farmers Bank (IA) rates »

Overview / Commentary
www.farmerstrust.com
712-262-3340
125 West 4th Street
Spencer, IA 51301

The Farmers Bank (IA) is headquartered in Spencer and is the 44th largest bank in the state of Iowa. It is also the 1,654th largest bank in the nation. It was established in 1916 and as of June of 2018, it had grown to 43 employees at 1 location. The Farmers Bank (IA)'s CD rates are 40% higher than the national average, and it has an A health rating.

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Health
A

Data as of Q2 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #12858
Year Established1916
Employees43
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.36%
Return on Equity - YTD15.79%
Annual Interest Income$8.2MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$420.4MM$394.4MM
LoansQ2 2018vs Q2 2017$341.2MM$310.8MM
DepositsQ2 2018vs Q2 2017$366.2MM$329.5MM
Equity CapitalQ2 2018vs Q2 2017$36.1MM$34.8MM
Loan Loss AllowanceQ2 2018vs Q2 2017$3.9MM$3.6MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$584.00K$2.3MM
Real Estate OwnedQ2 2018vs Q2 2017$0$292.00K
Rates
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* 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
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
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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