Arcadian Bank, Financial Information

Terms and Definitions

• Domestic deposits

  The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
• Equity capital

  Total equity capital (includes preferred and common stock, surplus and undivided profits).
• ROA

  Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
• ROE

  Return on equity, annualized net income as a percent of average equity on a consolidated basis.

In 1912, a group of Hartland business men and farmers invested their resources to create the Farmers State Bank of Hartland. The Skophammer family became involved with the Farmers State Bank of Hartland in 1929.

In 1999 Farmers State Bank of Hartland purchased the Freeborn bank. In 2004 Farmers State Bank of Hartland opened a branch in Albert Lea and moved into the Prairie Center Office Building in 2005.

Farmers State Bank of Hartland remains a privately owned Freeborn County business. The owners and staff are dedicated to providing the products and service the customers desire and expect. Farmers State Bank of Hartland received the Albert Lea Tribune’s Reader’s Choice Award as Best Bank in 2006.

Farmers State Bank of Hartland – Main Office
601 N. Broadway
P. O. Box 128
Hartland, MN 56042
507-845-2233
Fax: 507-845-2520

Farmers State Bank of Hartland – Albert Lea Branch
1452 West Main Street
Albert Lea, MN 56007
507-373-1945
Fax: 507-373-1949

Farmers State Bank of Hartland – Freeborn Branch
214 5th Ave.
P. O. Box 175
Freeborn, MN 56032
507-863-2371
Fax:507-863-2129