Farmers State Bank (Lagrange, IN)
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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 Lagrange, IN, established in 1934 (FDIC certificate 14578), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $1.31B, up 1.2% from Q2 2025, the 17th largest of 87 banks headquartered in Indiana. It reports no CET1 ratio; its Tier 1 leverage ratio was 10.75% 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
- 14578
- Headquarters
- Lagrange, IN
- Established
- 1934
- Total assets, Q2 2026
- $1.31B
- Assets vs Q2 2025
- +1.2%
- Tier 1 leverage ratio, Q2 2026
- 10.75%
- Domestic offices
- 12 FDIC institution directory, current count
- Routing number
- 074910854
- Latest call report
- Q2 2026, FFIEC 051 · Farmers State Bank call report
- Holding company
- FS BANCORP
- Asset rank in state
- 17th of 87 in Indiana
Farmers State Bank, based in Lagrange, Indiana, reported $1.3 billion in assets at June 30, 2026, up 1.2% from a year earlier. It holds commercial real estate loans worth 0.7 times its capital, about a third the median of 2.2 times for the 895 banks with $1 billion to $10 billion in assets. It also carries problem assets equal to 0.1% of the capital and reserves that would absorb them, a small fraction of the median of 3.6% for banks its size.
Net income for the quarter rose 22% from a year earlier, to $6.2 million. Over the same year, loans grew 8.7% and deposits shrank 0.1%. Funding is the softer spot: it holds about two-fifths of its deposits (45%) above the FDIC insurance limit, higher than about three-quarters of banks its size (median 30.9%).
As of June 30, 2026, Farmers State Bank reported a return on assets of 1.93%, a nonperforming-loan ratio of 0.02% and a Texas ratio of 0.14%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Farmers State Bank is the 17th largest of the 87 banks headquartered in Indiana. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 4.3% to $1.31B, loans rose 1.8% and deposits rose 4.5%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 52.3% of total loans, followed by farmland and other real estate loans at 18.0%. Its 12 offices in the FDIC Summary of Deposits are in 11 cities across 2 states; its Lagrange 2 offices book 27% of its branch deposits. By the capital ratios in its Q2 2026 call report, Farmers State Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 220 S Detroit St, Lagrange, IN 46761
- County
- Lagrange
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- No
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 051
- Established
- July 16, 1934
- Domestic offices
- 12 FDIC institution directory, current count
- Employees (FTE)
- 153
- Domestic deposits
- $1.16B
- Allowance for credit losses
- $8.5M
- Net charge-offs (YTD)
- $46K
- Average total assets
- $1.30B
- Average total loans
- $902.3M
- Average interest-bearing deposits
- $850.3M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- July 16, 1934
- FDIC Cert
- 14578
- Fed RSSD
- 113441
- Website
- www.farmersstatebank.com →
- Parent Holding Company
- FS BANCORP (RSSD 1245479)
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
Over the 12 quarters to Q2 2026, Farmers State Bank's total assets ran between $1.15B (Q3 2023) and $1.31B (Q2 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
$1.31B total assets against $1.30B; $1.19B total liabilities against $1.18B.
$902.1M net loans and leases against $829.9M; $1.16B total deposits against $1.16B.
$260.6M securities against $293.5M; $104.5M cash and balances due against $127.8M.
$16.8M total interest income against $16.1M; $4.0M total interest expense against $5.1M.
$12.8M net interest income against $11.0M.
$1.7M total noninterest income against $1.8M; $6.7M total noninterest expense against $6.4M.
$138K provision for credit losses against $135K.
$6.2M net income against $5.1M.
1.93% return on assets against 1.58%; 4.16% net interest margin against 3.59%.
10.75% tier 1 leverage ratio against 9.90%.
Inside the full Farmers State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeFarmers State Bank rankings
Its closest position to the top of a national ranking is 472 of 3,606, for efficiency ratio; its furthest is 3,200 of 3,640, for Texas Ratio.
Metric pages for Farmers State Bank: Uninsured deposits.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 1.41% (Q3 2024) to 1.93% (Q2 2026) and its net interest margin ran from 3.38% (Q3 2024) to 4.16% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.75% | 1.93% | 0.02% | 0.14% | 4.16% |
| Q1 2026 | 10.77% | 1.76% | 0.57% | 3.85% | 3.94% |
| Q4 2025 | 10.59% | 1.71% | 0.58% | 3.89% | 3.97% |
| Q3 2025 | 10.29% | 1.66% | 0.08% | 0.55% | 3.70% |
| Q2 2025 | 9.90% | 1.58% | 0.08% | 0.55% | 3.59% |
| Q1 2025 | 10.17% | 1.51% | 0.08% | 0.54% | 3.46% |
| Q4 2024 | 9.99% | 1.53% | 0.16% | 1.13% | 3.50% |
| Q3 2024 | 9.97% | 1.41% | 0.01% | 0.08% | 3.38% |
Swipe the table sideways to see every column.
Branch Network
View all 12 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 |
|---|---|---|---|
| Lagrange Branch | Lagrange , IN | 46761 | $309.9M |
| Angola Branch | Angola , IN | 46703 | $271.5M |
| Shipshewana Branch | Shipshewana , IN | 46565 | $122.6M |
| Topeka Branch | Topeka , IN | 46571 | $122.5M |
| Fremont Branch | Fremont , IN | 46737 | $92.8M |
| Hamilton Branch | Hamilton , IN | 46742 | $61.4M |
| Stroh Branch | Stroh , IN | 46789 | $60.3M |
| Howe Branch | Howe , IN | 46746 | $38.0M |
| Wolcottville Branch | Wolcottville , IN | 46795 | $33.1M |
| Sturgis Branch | Sturgis , MI | 49091 | $29.2M |
| Millersburg Branch | Millersburg , IN | 46543 | $19.5M |
| Farmers State Bank (main office) | Lagrange , IN | 46761 | $0 |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| November 2, 2005 | Structure Change | Acquired The First National Bank of Fremont Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 1 event.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.5% of deposits in IN, rank 29 of 129 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 642 applications, 548 loans originated, $118.2M originated, across 4 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $525K approved, $525K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2018 (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 $1.31 billion in its FFIEC call report.
Where is Farmers State Bank headquartered?
It is headquartered in Lagrange, IN, United States.
When was Farmers State Bank founded?
It was established in 1934, per the FDIC institution directory.
Is Farmers State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #14578). 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 12 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 0.14% 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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