The Farmers State Bank (IA)

Overview / Commentary

www.fsbmarcus.com

712-376-4154

106 E. Cedar St
Marcus, IA 51035

The Farmers State Bank (IA) is headquartered in Marcus and is the 220^th largest bank in the state of Iowa. It is also the 4,463^rd largest bank in the nation. It was established in 1928 and as of June of 2020, it had grown to 11 employees at 1 location. The Farmers State Bank (IA) has an A health rating.

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Health

Data as of Q2 2020

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Additional 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	11
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.94%
Return on Equity - YTD	13.38%
Annual Interest Income	$1.3MM

Assets and Liabilities
Assets	Q2 2020vs Q2 2019	$68.8MM$64.0MM
Loans	Q2 2020vs Q2 2019	$41.1MM$39.1MM
Deposits	Q2 2020vs Q2 2019	$58.6MM$54.4MM
Equity Capital	Q2 2020vs Q2 2019	$10.0MM$9.5MM
Loan Loss Allowance	Q2 2020vs Q2 2019	$812.00K$764.00K
Unbacked Noncurrent Loans	Q2 2020vs Q2 2019	$182.00K$1.5MM
Real Estate Owned	Q2 2020vs Q2 2019	$0$0

Rates

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Checking
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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
0.30%^*	$25k^*	-	HIFI Savings Account
OTHER TIERS: 0.15% → Up to $2.5k \| 0.20% → $2.5k - $10k \| 0.25% → $10k - $25k
0.15%	-	-	Statement Savings Account

The Farmers State Bank (IA) Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.15%	$1k	-	N.O.W. Account
0.15%	$2.5k	-	Super N.O.W. Account

The Farmers State Bank (IA) CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.00%	$1k	-	60 Month CD
0.95%	$1k	-	36 Month CD
0.95%	$1k	-	48 Month CD
0.85%	$1k	-	30 Month CD
0.80%	$1k	-	24 Month CD (w/ Bump Up)
0.70%	$1k	-	18 Month CD
0.60%	$1k	-	12 Month CD
0.45%	$1k	-	182 Day CD
0.30%	$1k	-	91 Day CD

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

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