The Farmers Bank of Willards is headquartered in WILLARDS and is the 19th largest bank in the state of Maryland. It is also the 1,693rd largest bank in the nation. It was established in 1925 and as of March of 2023, it had grown to 77 employees at 9 locations. The Farmers Bank of Willards has a B+ health rating.
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.
| Overall | |
|---|---|
| FDIC Certificate # | 5885 |
| Year Established | 1925 |
| Employees | 77 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.08% |
| Return on Equity - YTD | 11.93% |
| Annual Interest Income | $5.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2023vs Q1 2022 | $529.4MM$510.2MM |
| Loans | Q1 2023vs Q1 2022 | $342.2MM$291.9MM |
| Deposits | Q1 2023vs Q1 2022 | $451.9MM$461.7MM |
| Equity Capital | Q1 2023vs Q1 2022 | $48.8MM$45.5MM |
| Loan Loss Allowance | Q1 2023vs Q1 2022 | $3.5MM$3.0MM |
| Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $220.00K$1.6MM |
| Real Estate Owned | Q1 2023vs Q1 2022 | $2.8MM$2.9MM |
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| The Farmers Bank of Willards Locations | ||
|---|---|---|
| Milford Street Branch | 102 Milford Street | Salisbury, MD 21804 |
| Pemberton Branch | 1150 Parsons Road | Salisbury, MD 21801 |
| West Ocean City Branch | 12641 Ocean Gateway | Ocean City, MD 21842 |
| North Ocean City Branch | 12831 Coastal Highway | Ocean City, MD 21842 |
| Willards Branch | 7233 Main Street | Willards, MD 21874 |
| The Farmers Bank Of Willards | 7484 Market St | Willards, MD 21874 |
| Salisbury Branch | Tilghman Road | Salisbury, MD 21801 |
| Millsboro Branch | 28656 W. Dupont Hwy. | Millsboro, DE 19966 |