The Farmers State Bank, Financial Information

About The Farmers State Bank

 Address:
2074 East Kansas Avenue
McPherson, KS
McPherson County, Kansas
 Established:
Oct 1909
 Number of domestic offices:
4
Total assets$138M
Net income$2M
Net income, quarterly$0M
Total deposits$116M
Domestic deposits$116M
Equity capital$15M
ROA1.4%
ROAQ, quarterly1.1%
ROA, pretax1.1%
ROAQ, quarterly, pretax1.16%
ROE13.15%
ROEQ, quarterly9.95%
UpdatedMay 20, 2021

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 is a full service community bank that has provided McPherson County over 100 years of excellent banking service. The Farmers State Bank have four convenient locations in McPherson County, two in McPherson, one in Galva and one in Lindsborg.

On July 24, 1909, Farmers State Bank received its charter as a state bank of Kansas. Located at 121 South Main Street in Galva, Kansas, there were sixty-five stockholders with an original capital structure of $10,000. By June 6, 1939, the bank had a capital structure of $25,000 with deposit totaling $154,000 and eighteen stockholders.

In December of 1987, Galva Bancshares purchased Falun State Bank. In October of 1989, a branch of the bank was opened at 2074 East Kansas Ave. in McPherson, Kansas, followed by the opening of the another branch at 447 Harrison St. in Lindsborg, Kansas. In November of 2004, the newest branch was opened at 1603 North Main St. in McPherson.

On July 24, 2009, Farmers State Bank celebrated its 100th Anniversary. A century strong, the bank now has capital accounts in excess of $8 million & $87 million in assets.

McPherson Main Branch
2074 E Kansas Ave
McPherson, KS 67460
Phone: 620-241-3090
Fax: 620-241-3092

McPherson North Branch
1603 N Main St
McPherson, KS 67460
Phone: 620-241-3099
Fax: 620-241-1995

Lindsborg Branch
447 Harrison
Lindsborg, KS 67456
Phone: 785-227-3321
Fax: 785-227-3323

Galva Branch
219 S. Main
Galva, KS 67443
Phone: 620-654-3331
Fax: 620-654-3991