The Farmers State Bank (New Madison, OH)
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Data as of · sourced from FFIEC call reports. How we update
The Farmers State Bank is an FDIC-insured commercial bank headquartered in New Madison, OH, established in 1919 (FDIC certificate 14991), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $329.6M, up 29.6% from Q2 2025, the 71st largest of 154 banks headquartered in Ohio. It reports no CET1 ratio; its Tier 1 leverage ratio was 10.86% 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
- 14991
- Headquarters
- New Madison, OH
- Established
- 1919
- Total assets, Q2 2026
- $329.6M
- Assets vs Q2 2025
- +29.6%
- Tier 1 leverage ratio, Q2 2026
- 10.86%
- Domestic offices
- 9 FDIC institution directory, current count
- Routing number
- 042210722
- Holding company
- FSB FINANCIAL CORP
- Asset rank in state
- 71st of 154 in Ohio
The Farmers State Bank is growing quickly. The New Madison, Ohio bank had $330 million in assets at June 30, 2026, up 29.6% from a year earlier. It grew its loan book 26.5% over the year, 4.8 times the median of 5.5% for the 2,660 banks with $100 million to $1 billion in assets.
Earnings jumped: net income for the quarter was $1.2 million, 49% above the same quarter a year earlier. Over the same year, loans grew 26.5% and deposits grew 31.6%. One more trend to watch: problem loans have nearly tripled in a year: loans on nonaccrual or 90 or more days past due, net of government guarantees are 0.28% of loans, against 0.07% a year earlier.
As of June 30, 2026, The Farmers State Bank reported a return on assets of 1.45%, a nonperforming-loan ratio of 0.28% and a Texas ratio of 1.88%. The figures come from its call report filed with the FFIEC.
Of the 154 banks headquartered in Ohio, The Farmers State Bank is the 71st largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets fell 1.0% to $329.6M, loans rose 0.5% and deposits fell 0.5%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 44.3% of total loans, ahead of farmland and other real estate loans at 23.4%. Its 9 offices in the FDIC Summary of Deposits are in 8 cities across 2 states; its Greenville 2 offices book 29% of its branch deposits. Judged on its Q2 2026 call report, The Farmers State Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 101 S Main St, New Madison, OH 45346
- County
- Darke
- Metro Area
- Greenville, 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
- Trust powers not granted
- Call Report form
- FFIEC 041
- Established
- January 1, 1919
- Former names
- The Farmers State Bank (1998); The Farmers State Bank and Trust Company (1971-1998); The Farmers State Bank, of New Madison, Ohio (1969-1971)
- Domestic offices
- 9 FDIC institution directory, current count
- Employees (FTE)
- 65
- Domestic deposits
- $289.6M
- Allowance for credit losses
- $2.7M
- Net charge-offs (YTD)
- $72K
- Average total assets
- $331.7M
- Average total loans
- $234.3M
- Average interest-bearing deposits
- $244.5M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 17, 1935
- FDIC Cert
- 14991
- Fed RSSD
- 370721
- Website
- WWW.MYFSB.BANK →
- Parent Holding Company
- FSB FINANCIAL CORP (RSSD 1071605)
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, The Farmers State Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
The Farmers State Bank's total assets moved between a low of $224.6M (Q3 2023) and a high of $335.8M (Q3 2025) 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
$329.6M total assets against $254.4M; $292.3M total liabilities against $224.9M.
$232.1M net loans and leases against $183.2M; $289.6M total deposits against $220.1M.
$46.4M securities against $42.6M; $30.0M cash and balances due against $11.1M.
$4.5M total interest income against $3.3M; $1.3M total interest expense against $971K.
$3.3M net interest income against $2.3M.
$367K total noninterest income against $323K; $2.0M total noninterest expense against $1.5M.
$68K provision for credit losses against $36K.
$1.2M net income against $806K.
1.45% return on assets against 1.28%; 4.24% net interest margin against 3.87%.
10.86% tier 1 leverage ratio against 13.42%.
Inside the full The Farmers State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeThe Farmers State Bank rankings
Its closest position to the top of a national ranking is 1,184 of 3,606, for efficiency ratio; its furthest is 2,306 of 3,640, for Texas Ratio.
Banks merged into The Farmers State Bank
- The Republic Banking Company, effective October 1, 2025
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 1.01% (Q3 2024) to 1.45% (Q2 2026) and its net interest margin ran from 3.20% (Q3 2025) to 4.24% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.86% | 1.45% | 0.28% | 1.88% | 4.24% |
| Q1 2026 | 10.44% | 1.21% | 0.69% | 4.69% | 3.93% |
| Q4 2025 | 10.36% | 1.11% | 0.62% | 3.16% | 4.15% |
| Q3 2025 | 10.16% | 1.04% | 0.97% | 4.33% | 3.20% |
| Q2 2025 | 13.42% | 1.28% | 0.07% | 0.39% | 3.87% |
| Q1 2025 | 13.84% | 1.22% | 0.02% | 0.12% | 3.69% |
| Q4 2024 | 13.56% | 1.26% | 0.10% | 0.56% | 3.64% |
| Q3 2024 | 13.59% | 1.01% | 0.07% | 0.38% | 3.67% |
Swipe the table sideways to see every column.
Branch Network
View all 9 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 |
|---|---|---|---|
| The Farmers State Bank | New Madison , OH | 45346 | $63.3M |
| The Republic Banking Company Branch | Republic , OH | 44867 | $53.6M |
| Wagner Avenue Branch | Greenville , OH | 45331 | $42.2M |
| Greenville Branch | Greenville , OH | 45331 | $41.3M |
| New Paris Branch | New Paris , OH | 45347 | $28.2M |
| Winchester Brance Branch | Winchester , IN | 47394 | $25.1M |
| Portland Branch | Portland , IN | 47371 | $18.9M |
| Lewisburg Branch | Lewisburg , OH | 45338 | $13.5M |
| Springboro Branch | Springboro , OH | 45066 | $3.7M |
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 |
|---|---|---|---|
| October 1, 2025 | Structure Change | Acquired The Republic Banking Company Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| September 30, 2025 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
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 OH, rank 93 of 184 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 145 applications, 133 loans originated, $24.2M originated, across 2 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $500K approved, $500K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2017 (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 The Farmers State Bank
What are The Farmers State Bank's total assets?
As of the Q2 2026 filing, The Farmers State Bank reported total assets of $329.6 million in its FFIEC call report.
Where is The Farmers State Bank headquartered?
It is headquartered in New Madison, OH, United States.
When was The Farmers State Bank founded?
It was established in 1919, per the FDIC institution directory.
Is The Farmers State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #14991). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates The Farmers State Bank?
The Farmers State Bank's primary federal regulator is the FDIC.
How many branches does The Farmers State Bank operate?
It operates 9 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is The Farmers State Bank's Texas Ratio?
Its Texas Ratio is 1.88% 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.
What was The Farmers State Bank previously called?
The charter now named The Farmers State Bank has also operated as The Farmers State Bank (1998), The Farmers State Bank and Trust Company (1971-1998), The Farmers State Bank, of New Madison, Ohio (1969-1971), per FDIC structure-change records.
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