Farmers State Bank, Inc
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Data as of · sourced from FFIEC call reports. How we update
Farmers State Bank, Inc is an FDIC-insured commercial bank headquartered in Booneville, KY, established in 1931 (FDIC certificate 5838), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $69.3M, up 11.1% from Q2 2025, the 111th largest of 120 banks headquartered in Kentucky. Its CET1 capital ratio was 17.53% 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
- 5838
- Headquarters
- Booneville, KY
- Established
- 1931
- Total assets, Q2 2026
- $69.3M
- Assets vs Q2 2025
- +11.1%
- CET1 ratio, Q2 2026
- 17.53%
- Domestic offices
- 2 FDIC institution directory, current count
- Routing number
- 042107738
- Latest call report
- Q2 2026, FFIEC 041 · Farmers State Bank, Inc call report
- Holding company
- MIDDLEFORK FINANCIAL GROUP INC.
- Asset rank in state
- 111th of 120 in Kentucky
Farmers State Bank, Inc leans heavily on commercial real estate. Based in Booneville, Kentucky, it had $69 million in assets at June 30, 2026, up 11.1% from a year earlier. It holds commercial real estate loans worth 1.0 times its capital, 3.9 times the median of 26% for the 583 banks with less than $100 million in assets. It also grew deposits 10.5% over the year, 4.2 times the median of 2.5% for banks its size.
Problem loans roughly halved over the year: loans on nonaccrual or 90 or more days past due, net of government guarantees are down to 1.07% of loans from 2.18%. Deposits are coming in faster than loans: over the year loans rose 1.5% and deposits rose 10.5%. Where it has less room is capital: it funds 10.71% of its assets with Tier 1 capital, lower than about three-quarters of banks its size (median 13.06%).
As of June 30, 2026, Farmers State Bank, Inc reported a CET1 capital ratio of 17.53%, a return on assets of 1.04%, a nonperforming-loan ratio of 1.07% and a Texas ratio of 5.22%. The figures come from its call report filed with the FFIEC.
Farmers State Bank, Inc ranks as the 111th largest of the 120 banks based in Kentucky, by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 1.1% to $69.3M, loans fell 1.0% and deposits rose 0.8%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 33.7% of total loans, ahead of construction and land development loans at 10.8%. The FDIC Summary of Deposits lists 2 offices for it, in Booneville, KY and Beattyville, KY; its Booneville office books 88% of its branch deposits. On its Q2 2026 call report, Farmers State Bank, Inc meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 21 Ky 11 S, Booneville, KY 41314
- County
- Owsley
- 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 041
- Established
- January 2, 1931
- Domestic offices
- 2 FDIC institution directory, current count
- Employees (FTE)
- 18
- Domestic deposits
- $62.5M
- Allowance for credit losses
- $556K
- Net charge-offs (YTD)
- $36K
- Average total assets
- $72.1M
- Average total loans
- $28.9M
- Average interest-bearing deposits
- $42.5M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 5838
- Fed RSSD
- 131717
- SEC CIK
- 1270495 → filed by MIDDLEFORK FINANCIAL GROUP INC.
- Website
- www.farmersstatebankky.com →
- Parent Holding Company
- MIDDLEFORK FINANCIAL GROUP INC. (RSSD 1071539)
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, Inc's total assets moved between a low of $60.1M (Q1 2025) and a high of $69.3M (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
$69.3M total assets against $62.4M; $64.0M total liabilities against $57.8M.
$28.0M net loans and leases against $27.6M; $62.5M total deposits against $56.6M.
$33.9M securities against $27.5M; $5.5M cash and balances due against $5.2M.
$833K total interest income against $780K; $175K total interest expense against $130K.
$658K net interest income against $650K.
$107K total noninterest income against $98K; $567K total noninterest expense against $518K.
$11K provision for credit losses against $8K.
$187K net income against $222K.
1.04% return on assets against 1.37%; 3.96% net interest margin against 4.42%.
17.53% CET1 capital ratio against 17.39%; 10.71% tier 1 leverage ratio against 11.78%.
Inside the full Farmers State Bank, Inc terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
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Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 1.04% (Q2 2026) to 1.61% (Q4 2024) and its net interest margin ran from 3.96% (Q2 2026) to 4.42% (Q2 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 17.53% | 1.04% | 1.07% | 5.22% | 3.96% |
| Q1 2026 | 17.54% | 1.14% | 1.06% | 5.32% | 4.26% |
| Q4 2025 | 17.50% | 1.22% | 1.05% | 5.05% | 4.23% |
| Q3 2025 | 17.28% | 1.40% | 0.51% | 2.61% | 4.30% |
| Q2 2025 | 17.39% | 1.37% | 2.18% | 11.80% | 4.42% |
| Q1 2025 | 17.01% | 1.21% | 1.98% | 11.48% | 4.24% |
| Q4 2024 | 16.97% | 1.61% | 2.23% | 13.27% | 4.16% |
| Q3 2024 | 16.33% | 1.20% | 2.49% | 13.53% | 4.22% |
Swipe the table sideways to see every column.
Branch Network
View all 2 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 | Booneville , KY | 41314 | $55.0M |
| Beattyville Branch | Beattyville , KY | 41311 | $7.5M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in KY, rank 134 of 152 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $67K approved, $67K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2001 (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, Inc
What are Farmers State Bank, Inc's total assets?
As of the Q2 2026 filing, Farmers State Bank, Inc reported total assets of $69.3 million in its FFIEC call report.
Where is Farmers State Bank, Inc headquartered?
It is headquartered in Booneville, KY, United States.
When was Farmers State Bank, Inc founded?
It was established in 1931, per the FDIC institution directory.
Is Farmers State Bank, Inc FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #5838). 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, Inc?
Farmers State Bank, Inc's primary federal regulator is the FDIC.
What is Farmers State Bank, Inc's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 17.53% 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, Inc operate?
It operates 2 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, Inc's Texas Ratio?
Its Texas Ratio is 5.22% 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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