Farmers State Bank (Victor, MT)
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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 Victor, MT, established in 1907 (FDIC certificate 342), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $790.3M, up 10.2% from Q2 2025, the 9th largest of 35 banks headquartered in Montana. Its CET1 capital ratio was 12.15% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 342
- Headquarters
- Victor, MT
- Established
- 1907
- Total assets, Q2 2026
- $790.3M
- Assets vs Q2 2025
- +10.2%
- CET1 ratio, Q2 2026
- 12.15%
- Domestic offices
- 11 FDIC institution directory, current count
- Routing number
- 092902394
- Latest call report
- Q2 2026, FFIEC 051 · Farmers State Bank call report
- Holding company
- FARMERS STATE FINANCIAL CORP.
- Asset rank in state
- 9th of 35 in Montana
Farmers State Bank operates with a thinner capital cushion than most banks of its size. Based in Victor, Montana, it had $790 million in assets at June 30, 2026, up 10.2% from a year earlier. It funds 8.84% of its assets with Tier 1 capital, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 10.99%). It also holds commercial real estate loans worth 2.2 times its capital, about double the median of 1.2 times for banks its size. It has also been growing, with assets up 10.2% in a year.
Its $84 million non-owner-occupied commercial real estate book is improving, with 1.24% past due or on nonaccrual, down from 3.75% a year earlier. Loans are outrunning deposits: over the year loans rose 10.9% and deposits rose 4.8%. Costs are the weak spot: it spends about 72 cents to bring in each dollar of revenue, higher than about three-quarters of banks its size (median 61 cents).
As of June 30, 2026, Farmers State Bank reported a CET1 capital ratio of 12.15%, a return on assets of 0.86%, a nonperforming-loan ratio of 0.68% and a Texas ratio of 5.92%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Farmers State Bank is the 9th largest of the 35 banks headquartered in Montana. Between Q1 2026 and Q2 2026, its total assets rose 0.7% to $790.3M, loans rose 3.1% and deposits fell 0.7%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 28.0% of total loans, followed by owner-occupied commercial real estate loans at 22.2%. The FDIC Summary of Deposits lists 10 offices for it, in 9 cities in MT; its Victor office books 24% 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
- 103 Main St, Victor, MT 59875
- County
- Ravalli
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- San Francisco (Region 14)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 1, 1907
- Domestic offices
- 11 FDIC institution directory, current count
- Employees (FTE)
- 138
- Domestic deposits
- $664.3M
- Allowance for credit losses
- $7.0M
- Net charge-offs (YTD)
- $114K
- Average total assets
- $807.3M
- Average total loans
- $516.5M
- Average interest-bearing deposits
- $428.2M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 342
- Fed RSSD
- 475354
- SEC CIK
- 1872441 → filed by FARMERS STATE FINANCIAL CORP.
- Website
- www.farmersebank.com →
- Parent Holding Company
- FARMERS STATE FINANCIAL CORP. (RSSD 2108227)
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 $715.0M (Q3 2023) and a high of $790.3M (Q2 2026) 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
$790.3M total assets against $717.4M; $736.6M total liabilities against $671.6M.
$518.6M net loans and leases against $467.2M; $664.3M total deposits against $633.8M.
$207.5M securities against $189.3M; $13.2M cash and balances due against $16.8M.
$10.5M total interest income against $9.2M; $2.8M total interest expense against $2.6M.
$7.7M net interest income against $6.6M.
$1.3M total noninterest income against $798K; $6.6M total noninterest expense against $5.6M.
$419K provision for credit losses against $100K.
$1.7M net income against $1.7M.
0.86% return on assets against 0.91%; 4.08% net interest margin against 3.78%.
12.15% CET1 capital ratio against 12.99%; 8.84% tier 1 leverage ratio against 9.14%.
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 1,259 of 4,196, for total assets; its furthest is 2,891 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.55% (Q3 2024) to 1.04% (Q1 2026) and its net interest margin ran from 3.25% (Q3 2024) to 4.08% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.15% | 0.86% | 0.68% | 5.92% | 4.08% |
| Q1 2026 | 12.72% | 1.04% | 0.52% | 4.42% | 3.97% |
| Q4 2025 | 12.77% | 0.96% | 0.53% | 4.31% | 4.01% |
| Q3 2025 | 12.92% | 1.03% | 0.35% | 2.91% | 3.94% |
| Q2 2025 | 12.99% | 0.91% | 0.57% | 5.18% | 3.78% |
| Q1 2025 | 12.98% | 0.85% | 0.58% | 5.39% | 3.56% |
| Q4 2024 | 12.86% | 0.99% | 0.77% | 7.82% | 3.36% |
| Q3 2024 | 12.56% | 0.55% | 0.43% | 3.99% | 3.25% |
Swipe the table sideways to see every column.
Branch Network
View all 10 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) | Victor , MT | 59875 | $158.0M |
| Hamilton Branch | Hamilton , MT | 59840 | $157.1M |
| 725 Main Street Branch | Stevensville , MT | 59870 | $106.0M |
| Florence Branch | Florence , MT | 59833 | $72.4M |
| Darby Branch | Darby , MT | 59829 | $57.1M |
| Missoula Branch | Missoula , MT | 59808 | $32.2M |
| Helena Branch | Helena , MT | 59601 | $26.0M |
| Lolo Branch | Lolo , MT | 59847 | $23.5M |
| Kalispell Branch | Kalispell , MT | 59901 | $16.6M |
| Missoula Brooks Street Office Branch | Missoula , MT | 59801 | $15.3M |
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 |
|---|---|---|---|
| September 1, 2001 | Structure Change | Charter Discontinued (Merger or Purchase & Assumption) | FFIEC NIC |
| March 14, 1998 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| March 14, 1998 | Structure Change | Acquired Farmers State Bank, FSB 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 3 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 1.7% of deposits in MT, rank 10 of 48 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 24 applications, 20 loans originated, $8.2M originated, across 1 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 3 loans, $1.3M approved, $443K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2024 (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 $790.3 million in its FFIEC call report.
Where is Farmers State Bank headquartered?
It is headquartered in Victor, MT, United States.
When was Farmers State Bank founded?
It was established in 1907, per the FDIC institution directory.
Is Farmers State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #342). 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 Federal Reserve.
What is Farmers State Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 12.15% in its Q2 2026 call report, above regulatory requirements.
How many branches does Farmers State Bank operate?
It operates 11 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 5.92% 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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