Farmers State Bank, Financial Information

About Farmers State Bank

 Address:
234 S Commercial Ave
Wallace, NE
Lincoln County, Nebraska
 Established:
May 1918
 Number of domestic offices:
2
Agriculture bank
Total assets$49M
Net income$0M
Net income, quarterly$0M
Total deposits$45M
Domestic deposits$45M
Equity capital$4M
ROA0.43%
ROAQ, quarterly0.4%
ROA, pretax0.4%
ROAQ, quarterly, pretax0.41%
ROE5.0%
ROEQ, quarterly4.74%
UpdatedApr 11, 2013

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 State Bank of Wallace was chartered on May 13, 1918 and was originally located at 247 Commercial Avenue in Wallace, Nebraska. In 1976, Farmers State Bank moved across the street to its current location at 234 South Commercial Avenue in Wallace.

In 1969 Nebanco Inc, a bank holding company, owned by the Niedan family, purchased the Bank and also formed the Wallace Agency to provide insurance offerings to the general public. At that time the Bank had assets of about $1,600,000.The Bank opened a Loan and Deposit Production Office in North Platte in October of 2001 located at 418 North Dewey Street. In 2002, the Loan and Deposit Production Office changed to a full service branch known as Farmers State Bank of North Platte.

The Bank that originally started with two full time employees and one part-time employee has since grown to employ 12 and has assets approaching $40,000,000 and provides services to account holders in a multi state region.

Farmers State Bank of Wallace and North Platte offers Checking Accounts, Money Market Accounts, Certificate of Deposits, Safe Deposit Boxes and ATM’s located at 234 So Commercial in Wallace, 418 North Dewey, and one offsite at 1402 S South Jeffers Street, North Platte.

Farmers State Bank also offers a complete range of loan services including personal, auto, commercial, equipment, fixed and adjustable term loans and revolving lines of credit, as well as FSA Guaranteed loans. Wallace Agency is an Independent Insurance Agency for all your insurance needs including; Life, Disability, Home, Auto, Farm, Business, Crop, Health and long term care insurance.

Farmers State Bank Wallace
234 South Commercial Avenue
Wallace, Nebraska 69169
Phone: 308-387-4319
Fax: 308-387-4605

Farmers State Bank North Platte
418 N Dewey
North Platte, Nebraska 69101
Phone: 308-532-6700
Fax: 308-532-6701