Farmers State Bank (Marion, IA)
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Data as of · sourced from FFIEC call reports. How we update
Farmers State Bank is an FDIC-insured commercial bank headquartered in Marion, IA, established in 1927 (FDIC certificate 14209), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $1.12B, up 4.5% from Q2 2025, the 26th largest of 225 banks headquartered in Iowa. It reports no CET1 ratio; its Tier 1 leverage ratio was 14.37% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 14209
- Headquarters
- Marion, IA
- Established
- 1927
- Total assets, Q2 2026
- $1.12B
- Assets vs Q2 2025
- +4.5%
- Tier 1 leverage ratio, Q2 2026
- 14.37%
- Domestic offices
- 9 FDIC institution directory, current count
- Routing number
- 073911676
- Latest call report
- Q2 2026, FFIEC 051 · Farmers State Bank call report
- Holding company
- NEIGHBOR INSURANCE AGENCY, INC.
- Asset rank in state
- 26th of 225 in Iowa
Farmers State Bank is one of the more profitable banks of its size. Based in Marion, Iowa, it had $1.1 billion in assets at June 30, 2026, up 4.5% from a year earlier. It earns about $2.63 a year on every $100 of assets, about double the median of $1.29 for the 895 banks with $1 billion to $10 billion in assets. It also spends about 41 cents to bring in each dollar of revenue, lower than about 9 in 10 banks its size (median 58 cents).
Earnings jumped: net income for the quarter was $7.4 million, 76% above the same quarter a year earlier. Delinquency has appeared in its $88 million multifamily book: 2.19% of those loans are past due or on nonaccrual, against almost none a year earlier. One more trend to watch: delinquency has appeared in its $248 million non-owner-occupied commercial real estate book: 0.67% of those loans are past due or on nonaccrual, against almost none a year earlier.
As of June 30, 2026, Farmers State Bank reported a return on assets of 2.63%, a nonperforming-loan ratio of 0.21% and a Texas ratio of 1.12%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Farmers State Bank is the 26th largest of the 225 banks headquartered in Iowa. Between Q1 2026 and Q2 2026, its total assets fell 0.9% to $1.12B, loans rose 3.1% and deposits fell 1.4%. Non-owner-occupied commercial real estate loans made up 28.5% of its total loans on June 30, 2026, its largest category; next came 1-4 family residential loans at 16.4%. Its 9 offices in the FDIC Summary of Deposits are in 5 cities in IA; its Marion 4 offices book 56% of its branch deposits. Judged on its Q2 2026 call report, Farmers State Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 1240 8th Ave, Marion, IA 52302
- County
- Linn
- Metro Area
- Cedar Rapids, IA
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- Trust powers grandfathered
- Call Report form
- FFIEC 051
- Established
- August 27, 1927
- Domestic offices
- 9 FDIC institution directory, current count
- Employees (FTE)
- 138
- Domestic deposits
- $919.5M
- Allowance for credit losses
- $9.8M
- Net charge-offs (YTD)
- -$5K
- Average total assets
- $1.13B
- Average total loans
- $857.3M
- Average interest-bearing deposits
- $714.6M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- April 9, 1934
- FDIC Cert
- 14209
- Fed RSSD
- 1006148
- Website
- www.myfsbonline.com →
- Parent Holding Company
- NEIGHBOR INSURANCE AGENCY, INC. (RSSD 1200124)
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, Farmers State Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Farmers State Bank's total assets ranged from $1.00B (Q3 2023) to $1.13B (Q1 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$1.12B total assets against $1.07B; $961.9M total liabilities against $927.9M.
$861.8M net loans and leases against $798.1M; $919.5M total deposits against $880.9M.
$211.0M securities against $203.0M; $14.8M cash and balances due against $39.6M.
$15.1M total interest income against $13.3M; $4.9M total interest expense against $5.0M.
$10.2M net interest income against $8.2M.
$3.2M total noninterest income against $1.5M; $5.6M total noninterest expense against $5.3M.
$150K provision for credit losses against $0.
$7.4M net income against $4.2M.
2.63% return on assets against 1.56%; 3.78% net interest margin against 3.22%.
14.37% tier 1 leverage ratio against 14.05%.
Inside the full Farmers State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Farmers State Bank rankings
Its closest position to the top of a national ranking is 127 of 3,611, for ROA; its furthest is 915 of 980, for uninsured deposits.
Metric pages for Farmers State Bank: ROA, Efficiency ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.95% (Q3 2024) to 2.63% (Q2 2026) and its net interest margin ran from 2.59% (Q3 2024) to 3.78% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 14.37% | 2.63% | 0.21% | 1.12% | 3.78% |
| Q1 2026 | 14.12% | 1.69% | 0.23% | 1.19% | 3.55% |
| Q4 2025 | 13.92% | 1.77% | 0.16% | 0.85% | 3.52% |
| Q3 2025 | 14.15% | 1.65% | 0.25% | 1.28% | 3.36% |
| Q2 2025 | 14.05% | 1.56% | 0.22% | 1.16% | 3.22% |
| Q1 2025 | 14.22% | 1.08% | 0.23% | 1.33% | 2.95% |
| Q4 2024 | 13.97% | 1.23% | 0.30% | 1.68% | 2.73% |
| Q3 2024 | 13.54% | 0.95% | 0.02% | 0.12% | 2.59% |
Swipe the table sideways to see every column.
Branch Network
View all 9 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Farmers State Bank (main office) | Marion , IA | 52302 | $503.1M |
| Hiawatha Branch | Hiawatha , IA | 52233 | $172.3M |
| Van Buren Village Branch | Cedar Rapids , IA | 52404 | $104.2M |
| Alburnett Branch | Alburnett , IA | 52202 | $68.2M |
| Edgewood Road Branch | Cedar Rapids , IA | 52405 | $45.2M |
| Collins Road Square Branch | Marion , IA | 52302 | $14.2M |
| Farmers State Bank Branch | Tiffin , IA | 52340 | $12.3M |
| Drive-In Branch | Marion , IA | 52302 | $0 |
| Annex | Marion , IA | 52302 | $0 |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.7% of deposits in IA, rank 30 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 194 applications, 147 loans originated, $57.7M originated, across 2 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 5 loans, $1.1M approved, $218K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Farmers State Bank
What are Farmers State Bank's total assets?
As of the Q2 2026 filing, Farmers State Bank reported total assets of $1.12 billion in its FFIEC call report.
Where is Farmers State Bank headquartered?
It is headquartered in Marion, IA, United States.
When was Farmers State Bank founded?
It was established in 1927, per the FDIC institution directory.
Is Farmers State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #14209). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Farmers State Bank?
Farmers State Bank's primary federal regulator is the FDIC.
How many branches does Farmers State Bank operate?
It operates 9 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Farmers State Bank's Texas Ratio?
Its Texas Ratio is 1.12% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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