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Farmers State Bank

Popular Accounts at this Bank

1.76%Reward CheckingKasasa Cash
0.75%Reward SavingsKasasa Saver
1.21%5-year CD60 Month "Opt Up" CD

Overview / Commentary
601 N. Broadway
Hartland, MN 56042

Farmers State Bank is headquartered in Hartland and is the 121st largest bank in the state of Minnesota. It is also the 3,717th largest bank in the nation. It was established in 1912 and as of June of 2017, it had grown to 23 employees at 3 locations. Farmers State Bank's savings rates are 15% higher than the national average, and it has an A health rating.


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Health Grade Components

FDIC Certificate #10561
Year Established1912
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.48%
Return on Equity - YTD12.83%
Annual Interest Income$2.9MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$137.2MM$124.1MM
LoansQ2 2017vs Q2 2016$105.4MM$91.1MM
DepositsQ2 2017vs Q2 2016$121.6MM$107.9MM
Equity CapitalQ2 2017vs Q2 2016$15.3MM$14.5MM
Loan Loss AllowanceQ2 2017vs Q2 2016$1.1MM$859.00K
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$771.00K$456.00K
Real Estate OwnedQ2 2017vs Q2 2016$379.00K$9.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Farmers State Bank Savings Account Rates

1.21%--Individual Retirement Account
0.75%*$5k*-Health Savings Account
OTHER TIERS: 0.25% Up to $5k
0.75%*$5k*-Business Health Savings Account
OTHER TIERS: 0.25% Up to $5k
0.75%*-$15kKasasa Saver
OTHER TIERS: 0.35% $15k+
0.60%*$75k*-Prime Savings
OTHER TIERS: 0.15% $5k - $15k | 0.20% $15k - $50k | 0.30% $50k - $75k
0.60%*$500k*-Business Savings
OTHER TIERS: 0.15% $5k - $25k | 0.25% $25k - $100k | 0.40% $100k - $500k
0.15%*$1k*-Simple Savings
OTHER TIERS: 0.05% Up to $1k

Farmers State Bank Money Market Rates

0.45%*$75k*-Money Market Deposit Account
OTHER TIERS: 0.05% $5k - $15k | 0.15% $15k - $50k | 0.25% $50k - $75k

Farmers State Bank Checking Account Rates

1.76%*-$15kKasasa Cash
OTHER TIERS: 0.35% $15k+
0.25%--Classic Checking
0.15%*$5k*-Growth Checking
OTHER TIERS: 0.05% $1k - $2,500 | 0.10% $2,500 - $5k
0.05%--Small Business Checking

Farmers State Bank CD Rates

1.21%$500-48 Month CD
1.21%$500-60 Month "Opt Up" CD
1.21%$500-Business 48 Month CD
1.21%$500-Business 60 Month "Opt Up" CD
1.10%$500-36 Month CD
1.10%$500-Business 36 Month CD
1.00%$500-33 Month "Opt Up" CD
1.00%$500-Business 33 Month "Opt Up" CD
0.80%$500-24 Month CD
0.80%$500-Business 24 Month CD
0.60%*$100k*-18 Month CD
OTHER TIERS: 0.45% $500 - $50k | 0.50% $50k - $100k
0.60%*$100k*-Business 18 Month CD
OTHER TIERS: 0.45% $500 - $50k | 0.50% $50k - $100k
0.55%*$100k*-12 Month CD
OTHER TIERS: 0.40% $500 - $50k | 0.45% $50k - $100k
0.55%*$100k*-Business 12 Month CD
OTHER TIERS: 0.40% $500 - $50k | 0.45% $50k - $100k
0.35%*$100k*-6 Month CD
OTHER TIERS: 0.20% $500 - $50k | 0.25% $50k - $100k
0.35%*$100k*-Business 6 Month CD
OTHER TIERS: 0.20% $500 - $50k | 0.25% $50k - $100k

Farmers State Bank Locations
Albert Lea Branch1452 W. Main St.Albert Lea, MN 56007
Freeborn Branch215 5th AveFreeborn, MN 56032
Farmers State Bank Of Hartland601 N. BroadwayHartland, MN 56042