Farmers State Bank
West Salem, OH
IDRSSD: 327220
Total Assets
$184.14M
Latest filing
Total Deposits
$166.32M
Latest filing
Net Interest Margin
4.54%
Profitability
Locations
Main office and branches. Select to view on the map.
Main Office
Farmers State Bank
11 S Main St
West Salem, OH 44287
Full Service - Brick and Mortar
Updated 11/14/2025Established 04/15/1915FDIC Certificate 5514
Branches (5)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| Farmers State Bank (Main) | 11 S Main St | West Salem, OH |
| ASHLAND BRANCH | 2017 S Baney Rd | Ashland, OH |
| EAST MAIN STREET BRANCH | 1690 E Main St | Ashland, OH |
| MARSHALLVILLE BRANCH | 10 N Main St | Marshallville, OH |
| RITTMAN BRANCH | 205 N Main St | Rittman, OH |
| WOOSTER OFFICE | 235 W Liberty St | Wooster, OH |
Showing 5 of 5
Quarterly Trends
Tooltip shows Quarter only. Download buttons export the chart only (CSV/PNG with white background).
Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
Similar banks
First Federal Savings and Loan Association of Van Wert
Van Wert, Ohio
→
Assets: $184.10MΔ -0.9%
Independence Bank
Independence, Ohio
→
Assets: $183.34MΔ -1.4%
Valley Central Bank
Liberty Township, Ohio
→
Assets: $182.80MΔ -1.6%
Citizens Federal Savings and Loan Association
Bellefontaine, Ohio
→
Assets: $182.47MΔ -1.8%
The Cincinnatus Savings & Loan Co.
Cincinnati, Ohio
→
Assets: $178.84MΔ -3.8%
Mercer Savings Bank
Celina, Ohio
→
Assets: $175.98MΔ -5.3%
Institution Profile
| Institution Class | Commercial bank, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 04/15/1915 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 44287 |
| State and County Number | 39169 |
| Subchapter S Corporations | No |
| Trust Powers | N/A |
| Federal Reserve ID Number | 04 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Chicago |
| Core Based Statistical Area Name | Wooster, OH |
Operational Info
| Number of Employees | 36 |
| Domestic Offices | 6 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 08/31/2022 |
| Date of Deposit Insurance | 01/01/1934 |
| Primary Insurance Agency | DIF |
| Website | www.farmersstate-oh.com |
| Data Updated | 11/14/2025 |
| CERT | 8647 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $184.14M |
| Total Deposits | $166.32M |
| Total Liabilities | $171.82M |
| Total Equity Capital | $12.32M |
| Net Income | $562.00k |
| Net Loans and Leases | $121.63M |
| Assets Per Employee ($Millions) | $4.98M |
| Bank Premises and Fixed Assets | $5.74M |
| Cash and Balances due from Depository Institutions | $6.54M |
| Deposits Held in Domestic Offices | $166.32M |
Key Performance Ratios
| Return on Assets (ROA) | 1.22% |
| Return on Equity (ROE) | 19.19% |
| Net Interest Margin | 4.54% |
| Efficiency Ratio | 69.86% |
| Tier 1 Risk-Based Capital Ratio | 13.013% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.03% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 6.692% |
| Earning Assets to total Assets | 91.62% |
Income and Expense
| Total Interest Income | $2.23M |
| Total Noninterest Income | $375.00k |
| Total Interest Expense | $316.00k |
| Total Noninterest Expense | $1.60M |
| Net Interest Income | $1.91M |
| Pre-tax Net Operating Income | $675.00k |
| Provision for Credit Losses | $15.00k |
| 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 | $5.00M |
| Federal Funds Sold & Reverse Repurchase Agreement | $2.56M |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $489.00k |
| Total Liabilities and Capital | $184.14M |
Securities
| Securities | $41.07M |
| Available-for-sale debt securities | $41.07M |
| 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?
$184.14M as of the latest filing.
How much are Farmers State Bank's total deposits?
$166.32M in total deposits.
Where is Farmers State Bank located?
West Salem, OH.
What is the Net Interest Margin?
4.54%.
How many domestic offices does it operate?
6.
When was it established?
04/15/1915.
What is the Return on Assets (ROA)?
1.22%.
How much are total loans and leases?
$121.63M (latest filing).
What is the total interest income (latest filing)?
$2.23M.