Farmers State Bank (West Salem, OH)
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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 West Salem, OH, established in 1915 (FDIC certificate 8647), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $187.5M, up 0.9% from Q2 2025, the 102nd largest of 154 banks headquartered in Ohio. Its CET1 capital ratio was 12.88% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 8647
- Headquarters
- West Salem, OH
- Established
- 1915
- Total assets, Q2 2026
- $187.5M
- Assets vs Q2 2025
- +0.9%
- CET1 ratio, Q2 2026
- 12.88%
- Domestic offices
- 6 FDIC institution directory, current count
- Routing number
- 041208421
- Latest call report
- Q2 2026, FFIEC 051 · Farmers State Bank call report
- Holding company
- COMMUNITY INDEPENDENT BANCORP, INC.
- Asset rank in state
- 102nd of 154 in Ohio
Farmers State Bank, based in West Salem, Ohio, reported $188 million in assets at June 30, 2026. It pays an average of 0.71% on its deposits and borrowings, about a third the median of 1.80% for the 2,660 banks with $100 million to $1 billion in assets. It also lost 3.7% of its deposits over the year, lower than about 9 in 10 banks its size (median 4.0%).
Earnings jumped: net income for the quarter was $540,000, 44% above the same quarter a year earlier. Over the same year, loans grew 5.2% and deposits shrank 3.7%. Where it has less room is capital: it funds 9.30% of its assets with Tier 1 capital, lower than about three-quarters of banks its size (median 10.99%).
As of June 30, 2026, Farmers State Bank reported a CET1 capital ratio of 12.88%, a return on assets of 1.15%, a nonperforming-loan ratio of 0.00% and a Texas ratio of 1.64%. The figures come from its call report filed with the FFIEC.
Farmers State Bank ranks as the 102nd largest of the 154 banks based in Ohio, by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 0.3% to $187.5M, loans rose 1.9% and deposits fell 4.0%. 1-4 family residential loans made up 40.6% of its total loans on June 30, 2026, its largest category; next came commercial and industrial loans at 16.9%. The FDIC Summary of Deposits lists 6 offices for it, in 5 cities in OH; its West Salem office books 43% of its branch deposits. Judged on its Q2 2026 call report, Farmers State Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 11 S Main St, West Salem, OH 44287
- County
- Wayne
- Metro Area
- Wooster, OH
- 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 4, Cleveland
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- April 15, 1915
- Domestic offices
- 6 FDIC institution directory, current count
- Employees (FTE)
- 37
- Domestic deposits
- $163.0M
- Allowance for credit losses
- $1.4M
- Net charge-offs (YTD)
- $44K
- Average total assets
- $188.4M
- Average total loans
- $127.8M
- Average interest-bearing deposits
- $102.3M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 8647
- Fed RSSD
- 327220
- Website
- www.farmersstate-oh.com →
- Parent Holding Company
- COMMUNITY INDEPENDENT BANCORP, INC. (RSSD 1883219)
Profitability
Q2 annualizedCapital & Liquidity
Balance 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. How we compute these figures
Quarterly trends
Farmers State Bank's total assets moved between a low of $177.1M (Q4 2023) and a high of $191.8M (Q3 2024) from Q3 2023 to 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
$187.5M total assets against $185.9M; $174.0M total liabilities against $174.8M.
$126.7M net loans and leases against $120.5M; $163.0M total deposits against $169.4M.
$37.1M securities against $40.6M; $10.4M cash and balances due against $12.3M.
$2.3M total interest income against $2.1M; $303K total interest expense against $294K.
$2.0M net interest income against $1.8M.
$392K total noninterest income against $313K; $1.7M total noninterest expense against $1.6M.
$92K provision for credit losses against $120K.
$540K net income against $376K.
1.15% return on assets against 0.82%; 4.45% net interest margin against 4.24%.
12.88% CET1 capital ratio against 12.85%; 9.30% tier 1 leverage ratio against 8.91%.
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 2,173 of 3,611, for ROA; its furthest is 2,716 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.50% (Q4 2025) to 1.20% (Q3 2025) and its net interest margin ran from 3.91% (Q3 2024) to 4.45% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.88% | 1.15% | 0.00% | 1.64% | 4.45% |
| Q1 2026 | 12.92% | 0.99% | 0.00% | 1.48% | 4.33% |
| Q4 2025 | 12.96% | 0.50% | 0.10% | 0.85% | 4.40% |
| Q3 2025 | 13.01% | 1.20% | 0.00% | 0.00% | 4.34% |
| Q2 2025 | 12.85% | 0.82% | 0.00% | 0.00% | 4.24% |
| Q1 2025 | 13.10% | 0.71% | 0.00% | 0.00% | 3.99% |
| Q4 2024 | 12.80% | 0.98% | 0.15% | 1.50% | 4.09% |
| Q3 2024 | 12.42% | 0.88% | 0.01% | 0.06% | 3.91% |
Swipe the table sideways to see every column.
Branch Network
View all 6 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) | West Salem , OH | 44287 | $70.1M |
| East Main Street Branch | Ashland , OH | 44805 | $49.7M |
| Rittman Branch | Rittman , OH | 44270 | $17.3M |
| Ashland Branch | Ashland , OH | 44805 | $15.7M |
| Marshallville Branch | Marshallville , OH | 44645 | $6.7M |
| Wooster Office | Wooster , OH | 44691 | $3.5M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in OH, rank 116 of 184 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $40K approved, $40K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 1996 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), 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 $187.5 million in its FFIEC call report.
Where is Farmers State Bank headquartered?
It is headquartered in West Salem, OH, United States.
When was Farmers State Bank founded?
It was established in 1915, per the FDIC institution directory.
Is Farmers State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #8647). 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.
What is Farmers State Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 12.88% in its Q2 2026 call report, above regulatory requirements.
How many branches does Farmers State Bank operate?
It operates 6 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 1.64% 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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