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Farmers State Bank
Algona, IA · FDIC Certificate #8760 · Chartered 01/0
Total assets
$150.49M
Total deposits
$130.66M
Total equity
$19.06M
Net loans
$108.98M
Branches (offices)
3
Net income (YTD)
$1.18M
Rank: #3,307 of 4,213 U.S. banks by assets · #164 of 225 in Iowa. Assets changed 9.9% and deposits 11.2% over the year to June 30, 2026.
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Key ratios
| Return on assets (YTD, annualized by FDIC) | 1.55% |
| Return on equity | 12.53% |
| Net interest margin (YTD) | 3.86% |
| Equity to assets | 12.66% |
| Tier 1 leverage ratio | 12.70% |
| Uninsured deposits (share of deposits) | 23.6% |
| Noncurrent loans (share of loans) | 0.91% |
| Net charge-offs (share of loans) | -0.03% |
| Loans to deposits | 83.4% |
| Real estate loans (share of loans) | 62.5% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $68.06M | 62.5% | |
| Commercial & industrial | $16.80M | 15.4% | |
| Consumer / individual | $3.75M | 3.4% | |
| Construction & development | $5.08M | 4.7% | |
| Agricultural | $21.83M | 20.0% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $143.70M | $129.71M | $679.00K | $13.45M |
| Jun 2023 | $139.82M | $124.80M | $958.00K | $14.47M |
| Jun 2024 | $143.04M | $117.20M | $867.00K | $15.60M |
| Jun 2025 | $136.95M | $117.45M | $977.00K | $17.59M |
| Jun 2026 | $150.49M | $130.66M | $1.18M | $19.06M |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Iowa | $130.66M | 3 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $130.66M.
Similar-sized banks
Moultrie Bank & Trust ($150.57M) · Great Plains Bank ($150.44M)
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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