Farmers State Bank
Algona, IA
IDRSSD: 208440
Total Assets
$139.80M
Latest filing
Total Deposits
$118.94M
Latest filing
Net Interest Margin
4.07%
Profitability
Locations
Main office and branches. Select to view on the map.
Main Office
Farmers State Bank
501 E State St
Algona, IA 50511
Full Service - Brick and Mortar
Updated 11/14/2025Established 01/01/1895FDIC Certificate 5576
Branches (2)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| Farmers State Bank (Main) | 501 E State St | Algona, IA |
| WHITTEMORE BRANCH | 412 Broad St | Whittemore, IA |
| WEST BEND BRANCH | 324 S Broadway Ave | West Bend, IA |
Showing 2 of 2
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 Class | Commercial bank, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 01/01/1895 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 50511 |
| State and County Number | 19109 |
| Subchapter S Corporations | Yes |
| Trust Powers | Trust Powers Grandfathered |
| Federal Reserve ID Number | 07 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Kansas City |
| Core Based Statistical Area Name | N/A |
Operational Info
| Number of Employees | 20 |
| Domestic Offices | 3 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 06/30/2024 |
| Date of Deposit Insurance | 01/01/1934 |
| Primary Insurance Agency | DIF |
| Website | www.fsbiowa.com |
| Data Updated | 11/14/2025 |
| CERT | 8760 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $139.80M |
| Total Deposits | $118.94M |
| Total Liabilities | $121.69M |
| Total Equity Capital | $18.11M |
| Net Income | $503.00k |
| Net Loans and Leases | $102.95M |
| Assets Per Employee ($Millions) | $6.99M |
| Bank Premises and Fixed Assets | $1.15M |
| Cash and Balances due from Depository Institutions | $4.48M |
| Deposits Held in Domestic Offices | $118.94M |
Key Performance Ratios
| Return on Assets (ROA) | 1.45% |
| Return on Equity (ROE) | 11.27% |
| Net Interest Margin | 4.07% |
| Efficiency Ratio | 59.99% |
| Tier 1 Risk-Based Capital Ratio | 0% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.18% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 12.953% |
| Earning Assets to total Assets | 93.17% |
Income and Expense
| Total Interest Income | $1.82M |
| Total Noninterest Income | $173.00k |
| Total Interest Expense | $504.00k |
| Total Noninterest Expense | $895.00k |
| Net Interest Income | $1.32M |
| Pre-tax Net Operating Income | $534.00k |
| Provision for Credit Losses | $63.00k |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | $0 |
| Other Real Estate Owned | $52.00k |
| Other borrowed funds | $1.85M |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $901.00k |
| Total Liabilities and Capital | $139.80M |
Securities
| Securities | $26.69M |
| Available-for-sale debt securities | $26.67M |
| Equity securities with readily determinable fair values not held for trading | $0 |
| Held-to-maturity securities | $0 |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Farmers State Bank?
$139.80M as of the latest filing.
How much are Farmers State Bank's total deposits?
$118.94M in total deposits.
Where is Farmers State Bank located?
Algona, IA.
What is the Net Interest Margin?
4.07%.
How many domestic offices does it operate?
3.
When was it established?
01/01/1895.
What is the Return on Assets (ROA)?
1.45%.
How much are total loans and leases?
$102.95M (latest filing).
What is the total interest income (latest filing)?
$1.82M.