Farmers State Bank (Elmwood, IL)
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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 Elmwood, IL, established in 1864 (FDIC certificate 12107), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $66.9M, up 6.8% from Q2 2025, the 282nd largest of 319 banks headquartered in Illinois. Its CET1 capital ratio was 14.32% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 12107
- Headquarters
- Elmwood, IL
- Established
- 1864
- Total assets, Q2 2026
- $66.9M
- Assets vs Q2 2025
- +6.8%
- CET1 ratio, Q2 2026
- 14.32%
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 071112804
- Latest call report
- Q2 2026, FFIEC 051 · Farmers State Bank call report
- Holding company
- ELMWOOD BANCSHARES, INC.
- Asset rank in state
- 282nd of 319 in Illinois
Problem loans are rising at Farmers State Bank. It reported $67 million in assets at June 30, 2026, up 6.8% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 4.30% of loans from 3.99% a year earlier. It funds 8.18% of its assets with Tier 1 capital, lower than about 9 in 10 of the 583 banks with less than $100 million in assets (median 13.06%). It also carries problem assets equal to 48.4% of the capital and reserves that would absorb them, 35.0 times the median of 1.4% for banks its size.
Earnings jumped: net income for the quarter was $92,000, 149% above the same quarter a year earlier. Paper losses on its bond portfolio are shrinking: unrealized losses of $3.3 million equal 56% of Tier 1 capital, down from 73% a year earlier. Its margin is thin by comparison: it keeps 3.19 cents of net interest income on every dollar of earning assets, lower than about three-quarters of banks its size (median 3.87 cents).
As of June 30, 2026, Farmers State Bank reported a CET1 capital ratio of 14.32%, a return on assets of 0.51%, a nonperforming-loan ratio of 4.30% and a Texas ratio of 48.37%. The figures come from its call report filed with the FFIEC.
Of the 319 banks headquartered in Illinois, Farmers State Bank is the 282nd largest by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 4.6% to $66.9M, loans fell 2.7% and deposits fell 6.2%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 26.2% of total loans, ahead of farmland and other real estate loans at 23.0%. The FDIC Summary of Deposits lists a single office for it, in Elmwood, IL. By the capital ratios in its Q2 2026 call report, Farmers State Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 104 E Main St, Elmwood, IL 61529
- County
- Peoria
- Metro Area
- Peoria, IL
- 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
- —
- Call Report form
- FFIEC 051
- Established
- December 6, 1864
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 13
- Domestic deposits
- $58.5M
- Allowance for credit losses
- $424K
- Net charge-offs (YTD)
- $1K
- Average total assets
- $72.3M
- Average total loans
- $34.0M
- Average interest-bearing deposits
- $54.7M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 12107
- Fed RSSD
- 921936
- SEC CIK
- 743040 → filed by ELMWOOD BANCSHARES, INC.
- Website
- www.fsbelmwood.com →
- Parent Holding Company
- ELMWOOD BANCSHARES, INC. (RSSD 1209819)
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
Over the 12 quarters to Q2 2026, Farmers State Bank's total assets ran between $62.6M (Q2 2025) and $72.3M (Q4 2024), and it earned a profit in 9 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$66.9M total assets against $62.6M; $64.3M total liabilities against $61.1M.
$33.8M net loans and leases against $35.5M; $58.5M total deposits against $55.6M.
$28.3M securities against $20.6M; $2.9M cash and balances due against $3.6M.
$807K total interest income against $754K; $262K total interest expense against $282K.
$545K net interest income against $472K.
$56K total noninterest income against $35K; $496K total noninterest expense against $470K.
$25K provision for credit losses against $0.
$92K net income against $37K.
0.51% return on assets against 0.22%; 3.19% net interest margin against 3.01%.
14.32% CET1 capital ratio against 13.30%; 8.18% tier 1 leverage ratio against 8.27%.
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.
Nonperforming loans (nonaccrual loans plus loans 90 or more days past due) exceed 3% of total loans. BankRegReports band at 3% of total loans.
Farmers State Bank rankings
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from -1.98% (Q4 2025) to 0.54% (Q1 2026) and its net interest margin ran from 2.20% (Q3 2024) to 3.43% (Q1 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 14.32% | 0.51% | 4.30% | 48.37% | 3.19% |
| Q1 2026 | 12.56% | 0.54% | 3.95% | 53.34% | 3.43% |
| Q4 2025 | 12.23% | -1.98% | 10.31% | 143.19% | 2.88% |
| Q3 2025 | 13.09% | 0.31% | 6.09% | 79.03% | 3.02% |
| Q2 2025 | 13.30% | 0.22% | 3.99% | 71.59% | 3.01% |
| Q1 2025 | 12.79% | -0.08% | 3.32% | 59.36% | 2.54% |
| Q4 2024 | 12.64% | 0.32% | 3.31% | 68.29% | 2.57% |
| Q3 2024 | 12.51% | -1.27% | 5.83% | 89.02% | 2.20% |
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Branch Network
View the branch → 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) | Elmwood , IL | 61529 | $58.5M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in IL, rank 335 of 379 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Not on file
- Enforcement actions, Mortgage lending (HMDA), SBA 7(a) lending, 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 $66.9 million in its FFIEC call report.
Where is Farmers State Bank headquartered?
It is headquartered in Elmwood, IL, United States.
When was Farmers State Bank founded?
It was established in 1864, per the FDIC institution directory.
Is Farmers State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #12107). 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 14.32% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Farmers State Bank operate?
It operates 1 domestic office, 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 48.37% 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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