Headquartered in Algona, Iowa, Farmers State Bank is a state-chartered bank with $150.5M in total assets and $130.7M in deposits as of Q2 2026. It operates 3 offices. Its charter dates back to 1895.
Farmers State Bank has a TellerScore of 76 out of 100 (strong) based on Q2 2026 data — higher than 64% of its 2,650 banks with $100 million – $1 billion. Among 226 banks headquartered in Iowa, it ranks 89th. Problem-loan coverage contributes the most (90/100, 4.9%); funding & liquidity contributes the least (67/100, 83% loans-to-deposits, 24% uninsured).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
From Q2 2025 to Q2 2026, the score fell 7 points (83 → 76), mostly because the loan quality component weakened by 25 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 80 |
| Q3 2024 | 80 |
| Q4 2024 | 79 |
| Q1 2025 | 79 |
| Q2 2025 | 83 |
| Q3 2025 | 80 |
| Q4 2025 | 78 |
| Q1 2026 | 76 |
| Q2 2026 | 76 |
Show as table
| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 12.07% |
| Q3 2024 | 12.17% |
| Q4 2024 | 12.11% |
| Q1 2025 | 12.23% |
| Q2 2025 | 12.78% |
| Q3 2025 | 13.45% |
| Q4 2025 | 13.13% |
| Q1 2026 | 12.33% |
| Q2 2026 | 12.70% |
Show as table
| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.09% |
| Q3 2024 | 0.10% |
| Q4 2024 | 0.09% |
| Q1 2025 | 0.27% |
| Q2 2025 | 0.14% |
| Q3 2025 | 0.57% |
| Q4 2025 | 0.70% |
| Q1 2026 | 0.69% |
| Q2 2026 | 0.91% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 1.19% |
| Q3 2024 | 1.14% |
| Q4 2024 | 1.16% |
| Q1 2025 | 1.26% |
| Q2 2025 | 1.36% |
| Q3 2025 | 1.39% |
| Q4 2025 | 1.37% |
| Q1 2026 | 1.33% |
| Q2 2026 | 1.55% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 76 | $150.5M | 12.70% | 0.91% | 1.55% | 83.4% |
| Q1 2026 | 76 | $157.4M | 12.33% | 0.69% | 1.33% | 76.3% |
| Q4 2025 | 78 | $151.0M | 13.13% | 0.70% | 1.37% | 84.2% |
| Q3 2025 | 80 | $139.8M | 13.45% | 0.57% | 1.39% | 86.6% |
| Q2 2025 | 83 | $136.9M | 12.78% | 0.14% | 1.36% | 85.1% |
| Q1 2025 | 79 | $148.2M | 12.23% | 0.27% | 1.26% | 82.5% |
| Q4 2024 | 79 | $144.5M | 12.11% | 0.09% | 1.16% | 85.4% |
| Q3 2024 | 80 | $146.0M | 12.17% | 0.10% | 1.14% | 86.9% |
| Q2 2024 | 80 | $143.0M | 12.07% | 0.09% | 1.19% | 84.5% |
2,650 peers · $100 million – $1 billion
How it compares with peers
Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size banks in Iowa
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Citizens Savings BankBank Spillville, IA | 88 out of 100, Very strong | $151.1M | 15.5% | 0.05% | vs |
| Readlyn Savings BankBank Readlyn, IA | 66 out of 100, Moderate | $148.3M | 19.3% | 3.04% | vs |
| Farmers Trust & Savings BankBank Earling, IA | 77 out of 100, Strong | $148.1M | 9.0% | 0.00% | vs |
| Exchange State BankBank Ames, IA | 71 out of 100, Strong | $146.0M | 11.2% | 1.00% | vs |
| Audubon State BankBank Audubon, IA | 78 out of 100, Strong | $155.3M | 10.5% | 0.20% | vs |
| Federation BankBank Washington, IA | 83 out of 100, Strong | $155.8M | 10.5% | 0.20% | vs |
Deposit insurance
Is my money safe at Farmers State Bank?
Yes. Farmers State Bank is an FDIC-insured institution (FDIC certificate #8760). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 23.6% of deposits ($30.8M) are above the $250,000 FDIC insurance limit, close to the peer median of 24%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 12.70%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 0.00% (benchmark: 10%).
3 locations
Branches
Farmers State Bank lists 3 offices in 3 cities. Most locations:
- Algona, IA (1)
- West Bend, IA (1)
- Whittemore, IA (1)
Identity & history
Profile
- Legal name
- Farmers State Bank
- Type
- State-chartered bank
- FDIC certificate #
- 8760
- RSSD ID
- 208440
- Primary regulator
- FDIC
- Holding company
- Whittemore Bancshares Inc
- Established
- January 1, 1895
- Headquarters
- 501 E State St, Algona, IA 50511
- Website
- www.fsbiowa.com
- Employees
- 17
Quick answers
Farmers State Bank: common questions
Is Farmers State Bank FDIC insured?
Yes. Farmers State Bank is an FDIC-insured institution (FDIC certificate #8760). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Farmers State Bank's TellerScore?
76 out of 100 (Strong), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has Farmers State Bank ever failed?
There is no failure record for FDIC certificate #8760 in the FDIC failed bank list.
How many branches does Farmers State Bank have?
3 offices as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Algona
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| First State BankBank Britt, IA | 93 out of 100, Very strong | $125.9M | 17.7% | 0.00% | vs |
| Citizens Community Credit UnionCredit union Fort Dodge, IA | 88 out of 100, Very strong | $253.6M | 19.1% | 0.73% | vs |
| West Iowa BankBank West Bend, IA | 82 out of 100, Strong | $222.1M | 11.9% | 0.01% | vs |
| Iowa State BankBank Algona, IA | 73 out of 100, Strong | $470.7M | 11.2% | 0.15% | vs |
| United Bank of IowaBank Ida Grove, IA | 73 out of 100, Strong | $2.5B | 10.3% | 0.26% | vs |
| Security State BankBank Algona, IA | 72 out of 100, Strong | $109.8M | 27.3% | 2.14% | vs |