The Farmers Bank (IA)

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CURRENT TOP RATE

Free Kasasa Cash

Overview / Commentary

www.farmerstrust.bank

712-262-3340

125 West 4th Street
Spencer, IA 51301-7980

The Farmers Bank (IA) is headquartered in Spencer and is the 53^rd largest bank in the state of Iowa. It is also the 1,736^th 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.

Related Posts

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2020

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

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Health

B+

Data as of Q2 2022

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Health Grade Components

Overall
FDIC Certificate #	12858
Year Established	1916
Employees	42
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.45%
Return on Equity - YTD	16.22%
Annual Interest Income	$8.6MM

Assets and Liabilities
Assets	Q2 2022vs Q2 2021	$502.0MM$475.8MM
Loans	Q2 2022vs Q2 2021	$394.9MM$376.1MM
Deposits	Q2 2022vs Q2 2021	$438.1MM$408.9MM
Equity Capital	Q2 2022vs Q2 2021	$42.9MM$46.2MM
Loan Loss Allowance	Q2 2022vs Q2 2021	$6.2MM$6.8MM
Unbacked Noncurrent Loans	Q2 2022vs Q2 2021	$5.7MM$8.4MM
Real Estate Owned	Q2 2022vs Q2 2021	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
1.51%	$1k	-	Companion Savings
0.50%	$1k	-	Limited Edition Savings
0.50%^*	-	$25k	Kasasa 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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
2.55%^*	-	$25k	Free 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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
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

Locations

The Farmers Bank (IA) Locations
Farmers Trust and Savings Bank	125 W 4th St	Spencer, IA 51301

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