Headquartered in Hoffman, Minnesota, Farmers State Bank of Hoffman is a state-chartered bank with $36.9M in total assets and $32.7M in deposits as of Q2 2026. It operates 1 office. Its charter dates back to 1911.
Farmers State Bank of Hoffman has a TellerScore of 67 out of 100 (moderate) based on Q2 2026 data — higher than only 30% of its 546 banks with under $100 million in assets. Among 223 banks headquartered in Minnesota, it ranks 136th. Funding & liquidity contributes the most (94/100, 47% loans-to-deposits, 20% uninsured); loan quality contributes the least (30/100, 2.10%).
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 18 points (85 → 67), mostly because the loan quality component weakened by 70 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 82 |
| Q3 2024 | 84 |
| Q4 2024 | 86 |
| Q1 2025 | 87 |
| Q2 2025 | 85 |
| Q3 2025 | 86 |
| Q4 2025 | 87 |
| Q1 2026 | 85 |
| Q2 2026 | 67 |
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| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 13.10% |
| Q3 2024 | 13.48% |
| Q4 2024 | 13.66% |
| Q1 2025 | 13.42% |
| Q2 2025 | 13.05% |
| Q3 2025 | 13.11% |
| Q4 2025 | 13.71% |
| Q1 2026 | 13.02% |
| Q2 2026 | 12.63% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.02% |
| Q3 2024 | 0.02% |
| Q4 2024 | 0.00% |
| Q1 2025 | 0.00% |
| Q2 2025 | 0.00% |
| Q3 2025 | 0.00% |
| Q4 2025 | 0.00% |
| Q1 2026 | 0.00% |
| Q2 2026 | 2.10% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 0.51% |
| Q3 2024 | 0.65% |
| Q4 2024 | 0.71% |
| Q1 2025 | 0.97% |
| Q2 2025 | 1.01% |
| Q3 2025 | 1.05% |
| Q4 2025 | 0.88% |
| Q1 2026 | 0.96% |
| Q2 2026 | 1.20% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 67 | $36.9M | 12.63% | 2.10% | 1.20% | 47.2% |
| Q1 2026 | 85 | $38.3M | 13.02% | 0.00% | 0.96% | 42.9% |
| Q4 2025 | 87 | $34.5M | 13.71% | 0.00% | 0.88% | 51.7% |
| Q3 2025 | 86 | $34.1M | 13.11% | 0.00% | 1.05% | 51.1% |
| Q2 2025 | 85 | $37.4M | 13.05% | 0.00% | 1.01% | 46.1% |
| Q1 2025 | 87 | $34.8M | 13.42% | 0.00% | 0.97% | 47.4% |
| Q4 2024 | 86 | $33.9M | 13.66% | 0.00% | 0.71% | 51.3% |
| Q3 2024 | 84 | $33.5M | 13.48% | 0.02% | 0.65% | 49.9% |
| Q2 2024 | 82 | $33.2M | 13.10% | 0.02% | 0.51% | 47.7% |
546 peers · Under $100 million in assets
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 Minnesota
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| State Bank of JeffersBank Jeffers, MN | 97 out of 100, Very strong | $37.1M | 14.1% | 0.00% | vs |
| Western National BankBank Cass Lake, MN | 72 out of 100, Strong | $37.1M | 9.1% | 0.00% | vs |
| The First National Bank at St. JamesBank Saint James, MN | 68 out of 100, Moderate | $37.9M | 8.7% | 0.27% | vs |
| The First National Bank of FairfaxBank Fairfax, MN | 67 out of 100, Moderate | $35.6M | 38.5% | 8.68% | vs |
| The First National Bank of ProctorBank Proctor, MN | 69 out of 100, Moderate | $34.0M | 8.5% | 0.00% | vs |
| Lake Country Community BankBank Morristown, MN | 74 out of 100, Strong | $31.5M | 11.9% | 0.00% | vs |
Deposit insurance
Is my money safe at Farmers State Bank of Hoffman?
Yes. Farmers State Bank of Hoffman is an FDIC-insured institution (FDIC certificate #9354). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 20.2% of deposits ($6.6M) are above the $250,000 FDIC insurance limit, above the peer median of 16%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 12.63%, 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%).
1 location
Branches
Farmers State Bank of Hoffman lists 1 office in 1 city. Most locations:
- Hoffman, MN (1)
Identity & history
Profile
- Legal name
- Farmers State Bank of Hoffman
- Type
- State-chartered bank
- FDIC certificate #
- 9354
- RSSD ID
- 981453
- Primary regulator
- FDIC
- Holding company
- Hoffman Bancshares Inc
- Established
- March 21, 1911
- Headquarters
- 103 W Main Ave, Hoffman, MN 56339
- Website
- www.fsbhoffman.net
- Employees
- 6
Quick answers
Farmers State Bank of Hoffman: common questions
Is Farmers State Bank of Hoffman FDIC insured?
Yes. Farmers State Bank of Hoffman is an FDIC-insured institution (FDIC certificate #9354). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Farmers State Bank of Hoffman's TellerScore?
67 out of 100 (Moderate), 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 of Hoffman ever failed?
There is no failure record for FDIC certificate #9354 in the FDIC failed bank list.
How many branches does Farmers State Bank of Hoffman have?
1 office as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Hoffman
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Eagle BankBank Glenwood, MN | 89 out of 100, Very strong | $226.9M | 14.3% | 0.58% | vs |
| Viking Bank, National AssociationBank Alexandria, MN | 70 out of 100, Strong | $330.3M | 9.2% | 0.53% | vs |
| National Bank of CommerceBank Superior, WI | 70 out of 100, Strong | $2.2B | 9.3% | 0.64% | vs |
| Kensington BankBank Kensington, MN | 69 out of 100, Moderate | $446.7M | 9.9% | 0.58% | vs |
| Mid Minnesota Federal Credit UnionCredit union Baxter, MN | 67 out of 100, Moderate | $858.0M | 9.3% | 0.43% | vs |
| My Kind of Bank, National AssociationBank Ottertail, MN | 64 out of 100, Moderate | $422.6M | 9.0% | 0.96% | vs |