Farmers Savings Bank & Trust


Farmers Savings Bank & Trust is an FDIC insured institution headquartered at 611 2nd St, Traer, IA 50675.
It was founded in 1915 and has approximately $0 billion in assets. Customers can open an account at one of its 2 branches.

Deposit Rates - May 6, 2024

SAVINGS RATES APY MIN
Savings
0.10% $2,500 Compare
CD RATES APY MIN
6 Mo CD
0.30% $10,000 Compare
6 Mo CD
0.30% $100,000 Compare
12 Mo CD
0.40% $10,000 Compare
12 Mo CD
0.40% $100,000 Compare
18 Mo CD
0.60% $10,000 Compare
18 Mo CD
0.60% $100,000 Compare
24 Mo CD
0.60% $10,000 Compare
24 Mo CD
0.60% $100,000 Compare
30 Mo CD
0.60% $10,000 Compare
30 Mo CD
0.60% $100,000 Compare
Special: 36 Mo CD
1.15% $5,000 Compare
36 Mo CD
0.90% $10,000 Compare
36 Mo CD
0.90% $100,000 Compare
MM RATES APY MIN
Money Market
0.15% $2,500 Compare
Money Market
0.20% $10,000 Compare
Money Market
0.25% $25,000 Compare
FIXED IRA RATES APY MIN
Special: 36 Mo FIRA
1.15% $5,000
VARIABLE IRA RATES APY MIN
Var IRA
0.60% $1
INT CHECKING RATES APY MIN
Int Ckg
0.15% $2,500

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 10122
Date Established 1915
Assets $ 213.29 million
Loans $ 102.39 million
Deposits $ 181.77 million
Capital $ 7.86 million

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 3.58 million
Interest-bearing balances $ 0.01 million
Total securities $ 97.13 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 102.39 million
Loan loss allowance $ 0.57 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 8.01 million
     Total Assets $ 205.42 million

LIABILITIES
Total deposits $ 181.77 million
      Interest-bearing deposits $ 135.73 million
      Deposits held in domestic offices $ 181.77 million
      % insured (estimated) 84.56%
Federal funds purchased and repurchase agreements $ 22.32 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 1.11 millionn
      Total Liabilities $ 205.42 million
      Shareholders’ Equity $ 7.86 million

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 7.70 million
Total Interest Expense $ 1.79 million
Net interest income $ 5.90 million
Provision for loan and lease losses $ 0.23 million
Total non interest income $ 0.74 million
Total non interest expense $ 3.99 million
Pre-tax Net Operating Income $ 0.98 million

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Branches

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Farmers Savings Bank & Trust Locations