The Farmers State Bank (IA)
LOCATIONS
1
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HEALTH RATING
B+
View health report
CURRENT TOP RATE
3.00% APY
60 Month CD
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Popular Accounts at this Bank
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 3.00% | 5-year CD | 2.27% - National Average |
| 2.00% | 1-year CD | 1.38% - National Average |
| 0.25% | Savings | 0.26% - National Average |
Overview / Commentary
The Farmers State Bank (IA) is headquartered in Marcus and is the 228th largest bank in the state of Iowa. It is also the 4,620th largest bank in the nation. It was established in 1928 and as of December of 2018, it had grown to 10 employees at 1 location. The Farmers State Bank (IA)'s CD rates are 2X the national average, and it has a B+ health rating.
Health
B+
Data as of Q4 2018
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. The Farmers State Bank (IA) has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 8503 |
| Year Established | 1928 |
| Employees | 10 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.43% |
| Return on Equity - YTD | 10.78% |
| Annual Interest Income | $2.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $68.8MM$68.9MM |
| Loans | Q4 2018vs Q4 2017 | $43.2MM$36.9MM |
| Deposits | Q4 2018vs Q4 2017 | $57.3MM$59.5MM |
| Equity Capital | Q4 2018vs Q4 2017 | $9.4MM$9.3MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $886.00K$789.00K |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $103.00K$232.00K |
| Real Estate Owned | Q4 2018vs Q4 2017 | $0$66.00K |
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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 State Bank (IA) Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.35%* | $25k* | - | HIFI Savings Account | ||
| OTHER TIERS: 0.25% → Up to $10k | 0.30% → $10k - $25k | |||||
| 0.25% | - | - | Statement Savings Account | ||
The Farmers State Bank (IA) Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.25% | $1k | - | N.O.W. Account | |
| 0.25% | $2.5k | - | Super N.O.W. Account |
The Farmers State Bank (IA) CD Rates
The Farmers State Bank (IA) IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.25% | $1k | - | 18 Month IRA CD |
Locations
| The Farmers State Bank (IA) Locations | ||
|---|---|---|
| The Farmers State Bank | 106 E. Cedar St | Marcus, IA 51035 |