The Farmers Bank (IA)

Overview / Commentary
125 West 4th Street
Spencer, IA 51301-7980

The Farmers Bank (IA) is headquartered in Spencer and is the 52nd largest bank in the state of Iowa. It is also the 1,732nd largest bank in the nation. It was established in 1916 and as of March of 2022, it had grown to 42 employees at 1 location. The Farmers Bank (IA)'s savings rates are 92% higher than the national average, and it has a B+ health rating.


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Health Grade Components

FDIC Certificate #12858
Year Established1916
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.49%
Return on Equity - YTD16.36%
Annual Interest Income$4.3MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$502.4MM$493.7MM
LoansQ1 2022vs Q1 2021$397.5MM$371.9MM
DepositsQ1 2022vs Q1 2021$440.2MM$428.4MM
Equity CapitalQ1 2022vs Q1 2021$44.1MM$45.2MM
Loan Loss AllowanceQ1 2022vs Q1 2021$6.2MM$6.5MM
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$6.1MM$9.5MM
Real Estate OwnedQ1 2022vs Q1 2021$0$0
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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

1.00%$1k-Companion Savings
0.50%$1k-Limited Edition Savings
0.50%*-$25kKasasa 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

0.40%*$250k*-Money Market Investor Account
OTHER TIERS: 0.15% Up to $10k | 0.20% $10k - $50k | 0.30% $50k - $100k | 0.35% $100k - $250k
0.40%*$250k*-Business Money Market Investor Account
OTHER TIERS: 0.15% Up to $10k | 0.20% $10k - $50k | 0.30% $50k - $100k | 0.35% $100k - $250k

The Farmers Bank (IA) Checking Account Rates

2.55%*-$25kFree Kasasa Cash
OTHER TIERS: 0.10% $25k+
0.35%*$100k*-Business Interest Checking Account
OTHER TIERS: 0.10% Up to $5k | 0.20% $5k - $25k | 0.25% $25k - $50k | 0.30% $50k - $100k

The Farmers Bank (IA) CD Rates

0.60%$100-36 Month CD
0.60%$100-48 Month CD
0.60%$100-Business 36 Month CD
0.60%$100-Business 48 Month CD
0.55%$100-24 Month CD
0.55%$100-Business 24 Month CD
0.50%$100-18 Month CD
0.50%$100-Business 18 Month CD
0.45%$100-12 Month CD
0.45%$100-Business 12 Month CD
0.25%$100-9 Month CD
0.25%$100-Business 9 Month CD
0.20%$100-6 Month CD
0.20%$100-Business 6 Month CD
0.15%$100-3 Month CD
0.15%$100-Business 3 Month CD

The Farmers Bank (IA) IRA Rates

0.60%$100-36 Month IRA
0.60%$100-48 Month IRA
0.55%$100-24 Month IRA
0.50%$100-18 Month IRA
0.45%$100-12 Month IRA
0.25%$100-9 Month IRA
0.20%$100-6 Month IRA
0.15%$100-3 Month IRA

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

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