The Farmers Bank of Willards

The Farmers Bank of Willards


Overview / Commentary
410-835-8906
7484 Market Street
Willards, MD 21874

The Farmers Bank of Willards is headquartered in WILLARDS and is the 18th largest bank in the state of Maryland. It is also the 1,625th largest bank in the nation. It was established in 1925 and as of March of 2024, it had grown to 69 employees at 8 locations. The Farmers Bank of Willards' CD rates are 5X the national average, and it has a B+ health rating.

Reviews (1)

Overall Performance

Posted by: |

I have met with the President of the bank and some of the directors on various occasions. They have been forthright and knowledgeable. They are focused on taking actions that will continue to strengthen the bank and work with it's customers in these challenging economic times.



Health
B+

Health Grade Components

Overall
FDIC Certificate #5885
Year Established1925
Employees69
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.99%
Return on Equity - YTD10.59%
Annual Interest Income$7MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$562.9MM$529.5MM
LoansQ1 2024vs Q1 2023$374.1MM$342.2MM
DepositsQ1 2024vs Q1 2023$441.8MM$451.9MM
Equity CapitalQ1 2024vs Q1 2023$53.1MM$48.8MM
Loan Loss AllowanceQ1 2024vs Q1 2023$3.8MM$3.4MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$202K$220K
Real Estate OwnedQ1 2024vs Q1 2023$2.1MM$2.8MM
Rates
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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 of Willards CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.29%*$25k*-6 Month CD
OTHER TIERS: 4.03% $1k - $25k
4.06%*$25k*-12 Month CD
OTHER TIERS: 3.80% $1k - $25k
4.06%*$25k*-12 Month Youth CD
OTHER TIERS: 3.80% $500 - $25k
3.88%*$25k*-18 Month CD
OTHER TIERS: 3.62% $1k - $25k
3.73%*$25k*-24 Month CD
OTHER TIERS: 3.47% $1k - $25k
3.56%*$25k*-36 Month CD
OTHER TIERS: 3.30% $1k - $25k
3.49%*$25k*-48 Month CD
OTHER TIERS: 3.24% $1k - $25k
3.40%*$25k*-60 Month CD
OTHER TIERS: 3.15% $1k - $25k
Locations


The Farmers Bank of Willards Locations
Milford Street Branch102 Milford StreetSalisbury, MD 21804
Pemberton Branch1150 Parsons RoadSalisbury, MD 21801
West Ocean City Branch12641 Ocean GatewayOcean City, MD 21842
North Ocean City Branch12831 Coastal HighwayOcean City, MD 21842
Willards Branch7233 Main StreetWillards, MD 21874
The Farmers Bank Of Willards7484 Market StWillards, MD 21874
Salisbury BranchTilghman RoadSalisbury, MD 21801
Millsboro Branch28656 W. Dupont Hwy.Millsboro, DE 19966

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