Bank · FDIC insured
Farmers State Bank
A $1.6B bank headquartered in Waterloo, IA, with 8 branches in Iowa. Best rates: CDs 4.20% and savings 0.05% APY.
Farmers State Bank Carrot Score
61
Carrot Score
Higher than 5% of U.S. banks and credit unions
#19 of 20 in Waterloo, IA metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Farmers State Bank
Farmers State Bank is a locally-owned bank that originally specialized in agricultural loans before evolving into a full-service institution.
The bank has served Iowa's Cedar Valley for more than 140 years and is expanding its presence into Des Moines.
- Headquarters
- 131 Tower Park Dr, Waterloo, IA 50701
- FDIC certificate
- 12855 ↗
Branches
8 branches in Iowa
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Iowa
8 branches
Waterloo area · 6
- Farmers State BankMain office131 Tower Park Dr, Waterloo, IA 50701Directions
- Downtown Cedar Falls515 Main St, Cedar Falls, IA 50613Directions
- Dunkerton Branch905 Jon Rd, Dunkerton, IA 50626Directions
- Farmers State Bank, Gilbertville Branch1306 5th St, Gilbertville, IA 50634Directions
- Farmers State Bank224 W 6th St, Waterloo, IA 50701Directions
- Waverly Branch2101 4th St Sw, Waverly, IA 50677Directions
Jesup area · 1
- Jesup Branch1310 6th St, Jesup, IA 50648Directions
Des Moines area · 1
- West Des Moines Branch9750 University Ave, West Des Moines, IA 50266Directions
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 | 11.20% | 10.49% | 11.89% or more |
| Troubled loansNoncurrent | 0.01% | 0.52% | 0.23% or less |
| ProfitabilityReturn on assets | 1.41% | 1.25% | 1.62% or more |
| LendingLoans per $100 deposited | $104 | $88 | — |
- CapitalLeverage ratio11.20%Peers’ middle 10.49% · Top 25% 11.89%+
- Troubled loansNoncurrent0.01%Peers’ middle 0.52% · Top 25% ≤0.23%
- ProfitabilityReturn on assets1.41%Peers’ middle 1.25% · Top 25% 1.62%+
- LendingLoans per $100 deposited$104Peers’ middle $88
Compared with the 897 banks with $1 billion to $10 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.