The Farmers Bank (IA)


Overview / Commentary
712-262-3340
125 West 4th Street
Spencer, IA 51301

The Farmers Bank (IA) is headquartered in Spencer and is the 45th largest bank in the state of Iowa. It is also the 1,563rd 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.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #12858
Year Established1916
Employees41
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.18%
Return on Equity - YTD13.41%
Annual Interest Income$14.7MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$457.5MM$429.3MM
LoansQ3 2019vs Q3 2018$375.8MM$348.9MM
DepositsQ3 2019vs Q3 2018$394.1MM$375.5MM
Equity CapitalQ3 2019vs Q3 2018$40.7MM$36.5MM
Loan Loss AllowanceQ3 2019vs Q3 2018$5.0MM$4.1MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$3.9MM$580.00K
Real Estate OwnedQ3 2019vs Q3 2018$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.51%$5k-Limited Edition Savings
1.26%$1k-Companion Savings
1.00%*-$25kKasasa 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%-$25kFree 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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 Bank125 West 4th StreetSpencer, IA 51301

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