Farmers Security 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.

Farmers Security Bank is the only remaining bank from Washburn's three original banks. Farmers Security Bank organized in October, 1919. With the approval of the state bank examiners, the Farmers Security Bank assumed the deposit liability and took over the assets of Washburn State Bank on February 1, 1931.

In 1938, with the consent and approval of the state bank examiners and the FDIC, the Farmers Security Bank acquired the bank building formerly occupied by the First State Bank of Turtle Lake, with Elmer Melby in charge of a fully authorized paying and receiving station.

Farmers Security Bank has remained an independent bank with local ownership and is committed to the community it serves. Farmers Security Bank offers a full spectrum of financial services.

Farmers Security Bank 710 Main Avenue PO Box 310 Washburn, ND 58577 701-462-3232 Lobby hours: Monday through Friday: 9:00 AM to 3:30 PM Saturday: 9:00 AM to 12:00 PM Drive-up hours: Monday through Friday: 8:00 AM to 5:00 PM Saturday: 9:00 AM to 12:00 PM