The Farmers Bank (IA)

Overview / Commentary

www.farmerstrust.com

712-262-3340

125 West 4th Street
Spencer, IA 51301

The Farmers Bank (IA) is headquartered in Spencer and is the 45^th largest bank in the state of Iowa. It is also the 1,563^rd largest bank in the nation. It was established in 1916 and as of September of 2019, it had grown to 41 employees at 1 location. The Farmers Bank (IA)'s savings rates are 3X the national average, and it has a B+ health rating.

Reviews

Write a Review

No reviews have been left for this bank yet. Be the first to review.

Health

B+

Data as of Q3 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	12858
Year Established	1916
Employees	41
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.18%
Return on Equity - YTD	13.41%
Annual Interest Income	$14.7MM

Assets and Liabilities
Assets	Q3 2019vs Q3 2018	$457.5MM$429.3MM
Loans	Q3 2019vs Q3 2018	$375.8MM$348.9MM
Deposits	Q3 2019vs Q3 2018	$394.1MM$375.5MM
Equity Capital	Q3 2019vs Q3 2018	$40.7MM$36.5MM
Loan Loss Allowance	Q3 2019vs Q3 2018	$5.0MM$4.1MM
Unbacked Noncurrent Loans	Q3 2019vs Q3 2018	$3.9MM$580.00K
Real Estate Owned	Q3 2019vs Q3 2018	$0$0

Rates

Skip to rates for:

Savings
Money Market
Checking
CD
IRA

Report an Issue

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

APY	MIN	MAX	ACCOUNT NAME
1.51%	$5k	-	Limited Edition Savings
1.26%	$1k	-	Companion Savings
1.00%^*	-	$25k	Kasasa Saver
OTHER TIERS: 0.50% → $25k+
0.35%^*	$15k^*	-	Health Savings Account
OTHER TIERS: 0.05% → Up to $1k \| 0.15% → $1k - $15k
0.35%^*	$15k^*	-	Business Health Savings Account
OTHER TIERS: 0.05% → 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
0.55%^*	$250k^*	-	Investor Money Market Account
OTHER TIERS: 0.15% → Up to $10k \| 0.25% → $10k - $50k \| 0.35% → $50k - $100k \| 0.45% → $100k - $250k
0.55%^*	$250k^*	-	Business Investor Money Market Account
OTHER TIERS: 0.15% → Up to $10k \| 0.25% → $10k - $50k \| 0.35% → $50k - $100k \| 0.45% → $100k - $250k

The Farmers Bank (IA) Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
3.00%	-	$25k	Free Kasasa Cash
0.50%^*	$100k^*	-	Business Interest Checking Account
OTHER TIERS: 0.10% → Up to $5k \| 0.20% → $5k - $25k \| 0.25% → $25k - $50k \| 0.35% → $50k - $100k
0.50%^*	$100k^*	-	Adventure Club Account
OTHER TIERS: 0.10% → Up to $5k \| 0.20% → $5k - $25k \| 0.25% → $25k - $50k \| 0.35% → $50k - $100k

The Farmers Bank (IA) CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.26%	$100	-	36 Month CD
1.26%	$100	-	48 Month CD
1.26%	$100	-	Business 36 Month CD
1.26%	$100	-	Business 48 Month CD
1.15%	$100	-	24 Month CD
1.15%	$100	-	Business 24 Month CD
1.00%	$100	-	12 Month CD
1.00%	$100	-	18 Month CD
1.00%	$100	-	Business 12 Month CD
1.00%	$100	-	Business 18 Month CD
0.90%	$100	-	9 Month CD
0.90%	$100	-	Business 9 Month CD
0.75%	$100	-	6 Month CD
0.75%	$100	-	Business 6 Month CD
0.50%	$100	-	3 Month CD
0.50%	$100	-	Business 3 Month CD

The Farmers Bank (IA) IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.26%	$100	-	36 Month IRA
1.26%	$100	-	48 Month IRA
1.15%	$100	-	24 Month IRA
1.00%	$100	-	12 Month IRA
1.00%	$100	-	18 Month IRA
0.90%	$100	-	9 Month IRA
0.75%	$100	-	6 Month IRA
0.50%	$100	-	3 Month IRA

Locations

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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.