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Farmers State Bank

Lagrange, IN
IDRSSD: 113441
Total Assets
$1.27B
Latest filing
Total Deposits
$1.12B
Latest filing
Net Interest Margin
3.75%
Profitability
0

Quarterly Trends

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Total Assets vs Total Liabilities

Loans & Leases vs Deposits

Interest Income vs Expense

Net Interest Income

Noninterest Expense vs Income

Net Income

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Institution Profile

Institution ClassCommercial bank, state charter, Fed non-member, and supervised by the FDIC
Primary RegulatorFDIC
Established Date07/16/1934
Community BankYes
Ownership TypeNot Mutual
ZIP46761
State and County Number18087
Subchapter S CorporationsNo
Trust PowersFull Trust Powers Granted
Federal Reserve ID Number07
Numeric code21
Insured by FDICInstitutions that are currently open and insured by the FDIC
Federal Reserve DistrictChicago
Core Based Statistical Area NameN/A

Operational Info

Number of Employees146
Domestic Offices12
Foreign Offices0
US Offices0
Directly owned by another bank (CERT)No
Last Structure Change Effective Date08/31/2022
Date of Deposit Insurance07/16/1934
Primary Insurance AgencyDIF
Websitewww.farmersstatebank.com
Data Updated11/14/2025
CERT14578
Office of The Comptroller District:—
Office of Thrift Supervision RegionN/A

Financial Summary

Total Assets$1.27B
Total Deposits$1.12B
Total Liabilities$1.15B
Total Equity Capital$122.73M
Net Income$5.39M
Net Loans and Leases$844.36M
Assets Per Employee ($Millions)$8.87M
Bank Premises and Fixed Assets$11.09M
Cash and Balances due from Depository Institutions$77.43M
Deposits Held in Domestic Offices$1.12B

Key Performance Ratios

Return on Assets (ROA)1.68%
Return on Equity (ROE)18.11%
Net Interest Margin3.75%
Efficiency Ratio49.77%
Tier 1 Risk-Based Capital Ratio17.48%
Net Loans and Leases to Core Deposits0%
Credit Loss Provision to Assets0.04%
Cash Dividends to Net Income (YTD Only)0%
Equity Capital to Assets9.672%
Earning Assets to total Assets94.94%

Income and Expense

Total Interest Income$16.41M
Total Noninterest Income$1.77M
Total Interest Expense$4.99M
Total Noninterest Expense$6.57M
Net Interest Income$11.42M
Pre-tax Net Operating Income$6.50M
Provision for Credit Losses$125.00k
Discontinued Operations (Extraordinary Gains - Net)$0

Additional Financial Info

Goodwill and Other Intangibles$0
All Other Assets$0
Other Real Estate Owned$0
Other borrowed funds$10.00M
Federal Funds Sold & Reverse Repurchase Agreement$0
Federal Funds Purchased and Repurchased Agreement$4.73M
All Other Liabilities$7.95M
Total Liabilities and Capital$1.27B

Securities

Securities$297.94M
Available-for-sale debt securities$239.49M
Equity securities with readily determinable fair values not held for trading$0
Held-to-maturity securities$56.16M
Subordinated Debt$0
Trading Account Assets$0
Trading Liabilities$0

Frequently Asked Questions

What are the total assets of Farmers State Bank?
$1.27B as of the latest filing.
How much are Farmers State Bank's total deposits?
$1.12B in total deposits.
Where is Farmers State Bank located?
Lagrange, IN.
What is the Net Interest Margin?
3.75%.
How many domestic offices does it operate?
12.
When was it established?
07/16/1934.
What is the Return on Assets (ROA)?
1.68%.
How much are total loans and leases?
$844.36M (latest filing).
What is the total interest income (latest filing)?
$16.41M.