United Farmers State Bank
FDIC #8821
📍 Adams, Minnesota
United Farmers State Bank is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in 01/01/1914. With assets of $184.32 Million, it operates 3 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: July 1, 2023
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
July 1, 2023
Satisfactory
September 1, 2017
Satisfactory
November 1, 2011
Satisfactory
💰 Financial Strength
Total Assets$184.32 Million
Total Deposits$161.69 Million
Equity Capital$18.50 Million
Net Income$2.47 Million
📈 Performance
ROA1.73%
ROE18.05%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established01/01/1914
FDIC Cert8821
Holding CoAdams Bancshares Inc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday8:30 AM - 3:00 PM
Tuesday8:30 AM - 3:00 PM
Wednesday8:30 AM - 3:00 PM
Thursday8:30 AM - 7:00 PM
Friday8:30 AM - 3:00 PM
SaturdayClosed
SundayClosed
📜 Institutional History
2022
Name Change
Name became: Changed Institution Name To United Farmers State Bank.
2014
Merger / Acquisition
Acquired: Farmers State Bank Of Elkton
2014
Relocation
Moved HQ to: 15 4th Street Sw, Adams, MN 55909.
1989
Merger / Acquisition
Acquired: State Bank Of Rose Creek
1989
Relocation
Moved HQ to: Main Street, Adams, MN 55909.