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Farmers State Bank
Waterloo, IA · FDIC Certificate #12855 · Chartered 06/2
Total assets
$1.60B
Total deposits
$1.26B
Total equity
$172.64M
Net loans
$1.29B
Branches (offices)
8
Net income (YTD)
$11.33M
Rank: #705 of 4,213 U.S. banks by assets · #19 of 225 in Iowa. Assets changed -1.6% and deposits -2.4% over the year to June 30, 2026.
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Key ratios
| Return on assets (YTD, annualized by FDIC) | 1.41% |
| Return on equity | 13.62% |
| Net interest margin (YTD) | 3.04% |
| Equity to assets | 10.80% |
| Tier 1 leverage ratio | 11.20% |
| Uninsured deposits (share of deposits) | 46.0% |
| Noncurrent loans (share of loans) | 0.01% |
| Net charge-offs (share of loans) | 0.01% |
| Loans to deposits | 102.8% |
| Real estate loans (share of loans) | 79.3% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $1.02B | 79.3% | |
| Commercial & industrial | $210.31M | 16.3% | |
| Consumer / individual | $32.95M | 2.6% | |
| Construction & development | $78.55M | 6.1% | |
| Agricultural | $36.97M | 2.9% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $1.48B | $1.23B | $12.49M | $140.08M |
| Jun 2023 | $1.55B | $1.17B | $3.90M | $142.10M |
| Jun 2024 | $1.60B | $1.20B | $1.87M | $140.70M |
| Jun 2025 | $1.63B | $1.29B | $6.97M | $147.45M |
| Jun 2026 | $1.60B | $1.26B | $11.33M | $172.64M |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Iowa | $1.26B | 8 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $1.26B.
Similar-sized banks
Troy Bank & Trust Company ($1.60B) · Alma Bank ($1.60B)
Source: FDIC BankFind - Call Report and institution data as of June 30, 2026; branch deposits from the FDIC Summary of Deposits (June 30, 2026). See methodology.
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