Farmers State 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 1914 C.W. Zeilman and others organized and promoted a second bank for Lake View, Iowa. The Farmers State Bank opened for business on October 12, 1914, with Ben Broughton as President. An "Auditor's Call" card dated March 28, 1916 indicates that John Zein was President, C.W. Zeilman was Vice President, and C. C. Denio was Cashier.

In 1929 the Farmers State Bank merged with the Lake View State Bank and moved into the Lake View State Bank building on the corner of 4th and Main; the current location of the bank. The bank survived the "Bank Holidays" and bank closings that marked the depression of the 1930's and the farm crisis of the 1980's.

Farmers State Bank began as a Community Bank and continues today to advance the economic development and well being of the community by providing citizens and enterprises with quality financial services in ways and scope consistent with high professional and ethical standards, fair treatment for employees, and a fair and adequate return to the bank's shareholders.

Farmers State Bank
401 Main Street
Lake View, IA 51450-0428
Ph: 712-657-8525