The Farmers Bank (IA)

Overview / Commentary
125 West 4th Street
Spencer, IA 51301-7980

The Farmers Bank (IA) is headquartered in SPENCER and is the 48th largest bank in the state of Iowa. It is also the 1,590th largest bank in the nation. It was established in 1916 and as of June of 2023, it had grown to 42 employees at 1 location. The Farmers Bank (IA)'s savings rates are 7X the national average, and it has a B+ health rating.


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Health Grade Components

FDIC Certificate #12858
Year Established1916
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.23%
Return on Equity - YTD15.2%
Annual Interest Income$13.1MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$565.1MM$502.0MM
LoansQ2 2023vs Q2 2022$472.3MM$394.9MM
DepositsQ2 2023vs Q2 2022$474.7MM$438.1MM
Equity CapitalQ2 2023vs Q2 2022$45.8MM$42.9MM
Loan Loss AllowanceQ2 2023vs Q2 2022$6.4MM$6.2MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$4.9MM$5.7MM
Real Estate OwnedQ2 2023vs Q2 2022$0$0
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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

3.53%--Companion Savings
1.00%--Limited Edition Savings
1.00%*-$25kKasasa Saver
OTHER TIERS: 0.25% $25k+
0.40%--Traditional Savings Account
0.40%*$15k*-Health Savings Account
OTHER TIERS: 0.15% Up to $1k | 0.25% $1k - $15k
0.40%--Tiger Cub Club Savings
0.40%--Business Traditional Savings Account
0.40%*$15k*-Business Health Savings Account
OTHER TIERS: 0.15% Up to $1k | 0.25% $1k - $15k

The Farmers Bank (IA) Money Market Rates

1.56%*$250k*-Money Market Investor Account
OTHER TIERS: 0.50% Up to $10k | 0.90% $10k - $50k | 1.16% $50k - $100k | 1.41% $100k - $250k
1.56%*$250k*-Business Money Market Investor Account
OTHER TIERS: 0.50% Up to $10k | 0.90% $10k - $50k | 1.16% $50k - $100k | 1.41% $100k - $250k

The Farmers Bank (IA) Checking Account Rates

3.00%*-$25kFree Kasasa Cash
OTHER TIERS: 0.25% $25k+
1.41%*$100k*-Business Interest Checking Account
OTHER TIERS: 0.40% Up to $5k | 0.65% $5k - $25k | 0.80% $25k - $50k | 1.05% $50k - $100k

The Farmers Bank (IA) Locations
Farmers Trust and Savings Bank125 W 4th StSpencer, IA 51301

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