The Farmers Bank (IA)

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 1,645th largest bank in the nation. It was established in 1916 and as of June of 2020, it had grown to 45 employees at 1 location. The Farmers Bank (IA)'s savings rates are 35% higher than the national average, and it has an A health rating.

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Farmers Bank Offers Top-Rate Kasasa Cash In 7 States - 6/25/2020

Farmers Bank's (IA) Free Kasasa Cash (3.00% APY, up to $25k) is available to residents of Illinois, Iowa, Minnesota, Missouri, Nebraska, South Dakota, and Wisconsin.


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Health Grade Components

FDIC Certificate #12858
Year Established1916
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.26%
Return on Equity - YTD13.84%
Annual Interest Income$10.2MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$488.0MM$444.1MM
LoansQ2 2020vs Q2 2019$392.2MM$367.6MM
DepositsQ2 2020vs Q2 2019$424.6MM$381.4MM
Equity CapitalQ2 2020vs Q2 2019$44.3MM$39.8MM
Loan Loss AllowanceQ2 2020vs Q2 2019$5.9MM$4.7MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$2.2MM$3.2MM
Real Estate OwnedQ2 2020vs Q2 2019$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

1.00%*-$25kKasasa Saver
OTHER TIERS: 0.50% $25k+
0.70%$1k-Limited Edition Savings
0.50%$1k-Companion Savings
0.20%*$15k*-Health Savings Account
OTHER TIERS: 0.05% Up to $1k | 0.10% $1k - $15k
0.20%*$15k*-Business Health Savings Account
OTHER TIERS: 0.05% Up to $1k | 0.10% $1k - $15k
0.05%$100-Traditional Savings Account
0.05%$20-Tiger Cub Club Savings
0.05%$100-Business Traditional Savings Account

The Farmers Bank (IA) Money Market Rates

0.30%*$250k*-Money Market Investor Account
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $50k | 0.15% $50k - $100k | 0.20% $100k - $250k
0.30%*$250k*-Business Money Market Investor Account
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $50k | 0.15% $50k - $100k | 0.20% $100k - $250k

The Farmers Bank (IA) Checking Account Rates

3.00%*-$25kFree Kasasa Cash
OTHER TIERS: 0.25% $25k+
0.25%*$100k*-Business Interest Checking Account
OTHER TIERS: 0.05% Up to $5k | 0.10% $5k - $50k | 0.15% $50k - $100k
0.25%*$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

0.40%$100-24 Month CD
0.40%$100-36 Month CD
0.40%$100-48 Month CD
0.40%$100-Business 24 Month CD
0.40%$100-Business 36 Month CD
0.40%$100-Business 48 Month CD
0.35%$100-18 Month CD
0.35%$100-Business 18 Month CD
0.30%$100-12 Month CD
0.30%$100-Business 12 Month CD
0.25%$100-9 Month CD
0.25%$100-Business 9 Month CD
0.20%$100-3 Month CD
0.20%$100-6 Month CD
0.20%$100-Business 3 Month CD
0.20%$100-Business 6 Month CD

The Farmers Bank (IA) IRA Rates

0.40%$100-24 Month IRA
0.40%$100-36 Month IRA
0.40%$100-48 Month IRA
0.35%$100-18 Month IRA
0.30%$100-12 Month IRA
0.25%$100-9 Month IRA
0.20%$100-3 Month IRA
0.20%$100-6 Month IRA

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

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