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 45th largest bank in the state of Iowa. It is also the 1,538th largest bank in the nation. It was established in 1916 and as of December 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 - YTD0.98%
Return on Equity - YTD12.39%
Annual Interest Income$27.6MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$598MM$546.6MM
LoansQ4 2023vs Q4 2022$506.1MM$454MM
DepositsQ4 2023vs Q4 2022$505.5MM$476.8MM
Equity CapitalQ4 2023vs Q4 2022$47.6MM$43.5MM
Loan Loss AllowanceQ4 2023vs Q4 2022$6.6MM$6.1MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$3.1MM$1.7MM
Real Estate OwnedQ4 2023vs Q4 2022$0$60K
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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%*-$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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