Farmers State Bank (Northwood, 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 Northwood, IA, established in 1921 (FDIC certificate 5797), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $221.4M, up 0.1% from Q2 2025, the 132nd largest of 225 banks headquartered in Iowa. It reports no CET1 ratio; its Tier 1 leverage ratio was 12.73% 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
- 5797
- Headquarters
- Northwood, IA
- Established
- 1921
- Total assets, Q2 2026
- $221.4M
- Assets vs Q2 2025
- +0.1%
- Tier 1 leverage ratio, Q2 2026
- 12.73%
- Domestic offices
- 8 FDIC institution directory, current count
- Routing number
- 073918569
- Latest call report
- Q2 2026, FFIEC 051 · Farmers State Bank call report
- Holding company
- FARMERS STATE BANCSHARES, INC.
- Asset rank in state
- 132nd of 225 in Iowa
Little in Farmers State Bank's latest call report stands out. It reported $221 million in assets at June 30, 2026. On most measures it sits near the middle of the 2,660 banks with $100 million to $1 billion in assets.
Paper losses on its bond portfolio are shrinking: unrealized losses of $8.1 million equal 29% of Tier 1 capital, down from 37% a year earlier.
As of June 30, 2026, Farmers State Bank reported a return on assets of 1.17%, a nonperforming-loan ratio of 0.77% and a Texas ratio of 5.21%. The figures come from its call report filed with the FFIEC.
Farmers State Bank ranks as the 132nd largest of the 225 banks based in Iowa, by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets were flat, loans rose 0.7% and deposits rose 0.4%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 31.3% of total loans, followed by farmland and other real estate loans at 20.8%. The FDIC Summary of Deposits lists 8 offices for it, in 7 cities in IA; its Mason City 2 offices book 28% 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
- 99 7th St N, Northwood, IA 50459
- County
- Worth
- Metro Area
- Mason City, 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
- Full trust powers granted
- Call Report form
- FFIEC 051
- Established
- November 15, 1921
- Domestic offices
- 8 FDIC institution directory, current count
- Employees (FTE)
- 36
- Domestic deposits
- $189.7M
- Allowance for credit losses
- $2.2M
- Net charge-offs (YTD)
- $5K
- Average total assets
- $220.0M
- Average total loans
- $160.8M
- Average interest-bearing deposits
- $149.4M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 5797
- Fed RSSD
- 537243
- Website
- www.fsbbanks.com →
- Parent Holding Company
- FARMERS STATE BANCSHARES, INC. (RSSD 2471985)
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
Farmers State Bank's total assets moved between a low of $215.9M (Q2 2024) and a high of $237.9M (Q4 2023) from Q3 2023 to Q2 2026, and it earned a profit in 10 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$221.4M total assets against $221.3M; $199.5M total liabilities against $201.3M.
$161.0M net loans and leases against $155.0M; $189.7M total deposits against $178.2M.
$46.7M securities against $50.8M; $4.6M cash and balances due against $5.1M.
$3.1M total interest income against $2.9M; $952K total interest expense against $1.0M.
$2.2M net interest income against $1.9M.
$169K total noninterest income against $148K; $1.4M total noninterest expense against $1.3M.
$150K provision for credit losses against $607K.
$642K net income against -$49K.
1.17% return on assets against -0.09%; 4.02% net interest margin against 3.44%.
12.73% tier 1 leverage ratio against 12.57%.
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 1,287 of 3,640, for Texas Ratio; its furthest is 2,845 of 4,196, for total assets.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from -0.09% (Q2 2025) to 1.17% (Q2 2026) and its net interest margin ran from 3.29% (Q3 2024) to 4.02% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.73% | 1.17% | 0.77% | 5.21% | 4.02% |
| Q1 2026 | 12.74% | 0.91% | 1.19% | 8.60% | 3.67% |
| Q4 2025 | 12.43% | 0.38% | 1.45% | 10.02% | 3.56% |
| Q3 2025 | 12.52% | 0.84% | 1.69% | 11.64% | 3.41% |
| Q2 2025 | 12.57% | -0.09% | 0.73% | 5.25% | 3.44% |
| Q1 2025 | 12.79% | 1.09% | 0.77% | 5.88% | 3.37% |
| Q4 2024 | 12.83% | 0.57% | 0.52% | 4.06% | 3.43% |
| Q3 2024 | 13.05% | 0.45% | 0.41% | 3.22% | 3.29% |
Swipe the table sideways to see every column.
Branch Network
View all 8 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) | Northwood , IA | 50459 | $36.1M |
| St Ansgar Branch | Saint Ansgar , IA | 50472 | $27.8M |
| Mason City Office Branch | Mason City , IA | 50401 | $27.6M |
| Mason City West Branch | Mason City , IA | 50401 | $26.2M |
| Clear Lake Branch | Clear Lake , IA | 50428 | $26.0M |
| Grafton Branch | Grafton , IA | 50440 | $23.6M |
| Ventura Branch | Ventura , IA | 50482 | $18.0M |
| Joice Branch | Joice , IA | 50446 | $4.3M |
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 |
|---|---|---|---|
| February 1, 1992 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| February 1, 1992 | Structure Change | Acquired The Farmers Savings Bank 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 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.1% of deposits in IA, rank 142 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $240K approved, $240K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2016 (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 $221.4 million in its FFIEC call report.
Where is Farmers State Bank headquartered?
It is headquartered in Northwood, IA, United States.
When was Farmers State Bank founded?
It was established in 1921, per the FDIC institution directory.
Is Farmers State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #5797). 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 8 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 5.21% 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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