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 53rd largest bank in the state of Iowa. It is also the 1,736th largest bank in the nation. It was established in 1916 and as of June of 2022, it had grown to 42 employees at 1 location. The Farmers Bank (IA)'s savings rates are 3X 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 - YTD1.45%
Return on Equity - YTD16.22%
Annual Interest Income$8.6MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$502.0MM$475.8MM
LoansQ2 2022vs Q2 2021$394.9MM$376.1MM
DepositsQ2 2022vs Q2 2021$438.1MM$408.9MM
Equity CapitalQ2 2022vs Q2 2021$42.9MM$46.2MM
Loan Loss AllowanceQ2 2022vs Q2 2021$6.2MM$6.8MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$5.7MM$8.4MM
Real Estate OwnedQ2 2022vs Q2 2021$0$0
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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

1.51%$1k-Companion Savings
0.50%$1k-Limited Edition Savings
0.50%*-$25kKasasa Saver
OTHER TIERS: 0.10% $25k+
0.20%*$15k*-Health Savings Account
OTHER TIERS: 0.10% Up to $1k | 0.15% $1k - $15k
0.20%*$15k*-Business Health Savings Account
OTHER TIERS: 0.10% Up to $1k | 0.15% $1k - $15k
0.15%$100-Traditional Savings Account
0.15%$20-Tiger Cub Club Savings
0.15%$100-Business Traditional Savings Account

The Farmers Bank (IA) Money Market Rates

0.45%*$250k*-Money Market Investor Account
OTHER TIERS: 0.15% Up to $10k | 0.25% $10k - $50k | 0.35% $50k - $100k | 0.40% $100k - $250k
0.45%*$250k*-Business Money Market Investor Account
OTHER TIERS: 0.15% Up to $10k | 0.25% $10k - $50k | 0.35% $50k - $100k | 0.40% $100k - $250k

The Farmers Bank (IA) Checking Account Rates

2.55%*-$25kFree Kasasa Cash
OTHER TIERS: 0.10% $25k+
0.40%*$100k*-Business Interest Checking Account
OTHER TIERS: 0.10% Up to $5k | 0.20% $5k - $25k | 0.30% $25k - $50k | 0.35% $50k - $100k

The Farmers Bank (IA) CD Rates

0.70%$100-36 Month CD
0.70%$100-48 Month CD
0.70%$100-Business 36 Month CD
0.70%$100-Business 48 Month CD
0.65%$100-24 Month CD
0.65%$100-Business 24 Month CD
0.60%$100-18 Month CD
0.60%$100-Business 18 Month CD
0.55%$100-12 Month CD
0.55%$100-Business 12 Month CD
0.35%$100-9 Month CD
0.35%$100-Business 9 Month CD
0.30%$100-6 Month CD
0.30%$100-Business 6 Month CD
0.20%$100-3 Month CD
0.20%$100-Business 3 Month CD

The Farmers Bank (IA) IRA Rates

0.70%$100-36 Month IRA
0.70%$100-48 Month IRA
0.65%$100-24 Month IRA
0.60%$100-18 Month IRA
0.55%$100-12 Month IRA
0.35%$100-9 Month IRA
0.30%$100-6 Month IRA
0.20%$100-3 Month IRA

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

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