The Farmers Bank (IA)

TODAY'S FEATURED RATES

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.31%

Our Rating

4.0 / 5

Vio Bank

Cornerstone Money Market

See Offer

Sponsored Note: Interest is compounded daily, growing your money fast

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

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 43^rd largest bank in the state of Iowa. It is also the 1,530^th largest bank in the nation. It was established in 1916 and as of March of 2025, it had grown to 46 employees at 1 location. The Farmers Bank (IA)'s money market rates are 3X the national average, and it has a B+ health rating.

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Health

B+

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	12858
Year Established	1916
Employees	46
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.78%
Return on Equity - YTD	9.84%
Annual Interest Income	$8.1MM

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$618.9MM$609.1MM
Loans	Q1 2025vs Q1 2024	$507.5MM$508.6MM
Deposits	Q1 2025vs Q1 2024	$541.3MM$533.2MM
Equity Capital	Q1 2025vs Q1 2024	$49.9MM$47MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$6.1MM$6.7MM
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$2MM$3.1MM
Real Estate Owned	Q1 2025vs Q1 2024	$650K$0

TODAY'S FEATURED RATES

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.31%

Our Rating

4.0 / 5

Vio Bank

Cornerstone Money Market

See Offer

Sponsored Note: Interest is compounded daily, growing your money fast

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

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Savings
Money Market
Checking
CD

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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
1.00%^*	$0	$25k	Kasasa Saver
OTHER TIERS: 0.25% → $25k+
0.35%	$0	-	Traditional Savings Account
0.35%^*	$15k^*	-	Health Savings Account
OTHER TIERS: 0.15% → $0 - $1k \| 0.25% → $1k - $15k
0.35%	$0	-	Tiger Cub Club Savings
0.35%	$0	-	Business Traditional Savings Account
0.35%^*	$15k^*	-	Business Health Savings Account
OTHER TIERS: 0.15% → $0 - $1k \| 0.25% → $1k - $15k

The Farmers Bank (IA) Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
1.46%^*	$250k^*	-	Money Market Investor Account
OTHER TIERS: 0.40% → $0 - $10k \| 0.80% → $10k - $50k \| 1.05% → $50k - $100k \| 1.31% → $100k - $250k
1.46%^*	$250k^*	-	Business Money Market Investor Account
OTHER TIERS: 0.40% → $0 - $10k \| 0.80% → $10k - $50k \| 1.05% → $50k - $100k \| 1.31% → $100k - $250k

The Farmers Bank (IA) Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
3.08%^*	$0	$25k	Free Kasasa Cash
OTHER TIERS: 0.25% → $25k+
1.31%^*	$100k^*	-	Business Interest Checking Account
OTHER TIERS: 0.30% → $0 - $5k \| 0.55% → $5k - $25k \| 0.70% → $25k - $50k \| 0.95% → $50k - $100k
1.31%^*	$100k^*	-	Investor Checking
OTHER TIERS: 0.30% → $0 - $5k \| 0.55% → $5k - $25k \| 0.70% → $25k - $50k \| 0.95% → $50k - $100k

The Farmers Bank (IA) CD Rates

APY	MIN	MAX	ACCOUNT NAME
4.00%	$5k	-	9 Month CD
4.00%	$5k	-	7 Month CD
4.00%	$5k	-	8 Month CD
3.75%	$5k	-	18 Month CD

Locations

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

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