Bank · FDIC insured
Farmers State Bank
A $187.5M bank headquartered in West Salem, OH, with 6 branches in Ohio. Best rates: CDs 2.79% and savings 0.02% APY.
Farmers State Bank Carrot Score
60
Carrot Score
Higher than 1% of U.S. banks and credit unions
#14 of 14 in Wooster, OH metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Farmers State Bank
- Headquarters
- 11 S Main St, West Salem, OH 44287
- FDIC certificate
- 8647 ↗
Branches
6 branches in Ohio
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Ohio
6 branches
Wooster area · 4
- Farmers State BankMain office11 S Main St, West Salem, OH 44287Directions
- Marshallville Branch10 N Main St, Marshallville, OH 44645Directions
- Rittman Branch205 N Main St, Rittman, OH 44270Directions
- Wooster Office235 W Liberty St, Wooster, OH 44691Directions
Ashland area · 2
- Ashland Branch2017 S Baney Rd, Ashland, OH 44805Directions
- East Main Street Branch1690 E Main St, Ashland, OH 44805Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 9.30% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.00% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 1.07% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $79 | $81 | — |
- CapitalLeverage ratio9.30%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.00%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets1.07%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$79Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Farmers State Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.