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

The Farmers Bank (IA) is headquartered in Spencer and is the 49th largest bank in the state of Iowa. It is also the 1,742nd largest bank in the nation. It was established in 1916 and as of December of 2017, it had grown to 38 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 Grade Components

FDIC Certificate #12858
Year Established1916
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.35%
Return on Equity - YTD15.38%
Annual Interest Income$14.6MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$399.9MM$379.4MM
LoansQ4 2017vs Q4 2016$316.1MM$291.7MM
DepositsQ4 2017vs Q4 2016$343.2MM$316.1MM
Equity CapitalQ4 2017vs Q4 2016$35.4MM$33.5MM
Loan Loss AllowanceQ4 2017vs Q4 2016$4.2MM$3.4MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$2.2MM$715.00K
Real Estate OwnedQ4 2017vs Q4 2016$0$342.00K
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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

0.35%*$15k*-Health Savings Account
OTHER TIERS: 0.05% Up to $1k | 0.15% $1k - $15k
0.04%$100-Traditional Savings Account

The Farmers Bank (IA) Money Market Rates

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

The Farmers Bank (IA) Checking Account Rates

0.35%*$100k*-Business Interest Checking Account
OTHER TIERS: 0.05% Up to $5k | 0.10% $5k - $50k | 0.15% $50k - $100k
0.35%*$100k*-Investor Checking
OTHER TIERS: 0.05% Up to $5k | 0.10% $5k - $50k | 0.15% $50k - $100k
0.35%*$100k*-Adventure Club Account
OTHER TIERS: 0.05% Up to $5k | 0.10% $5k - $50k | 0.15% $50k - $100k

The Farmers Bank (IA) CD Rates

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%$100-182 Day CD
0.50%$100-91 Day CD

The Farmers Bank (IA) IRA Rates

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

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

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