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This institution is no longer active

Operations ceased on March 11, 2006. CRA examination history below reflects the period it was active.

FARMERS STATE BANK

ELGIN, ND · Supervised by FDIC

Est. 1910FDIC #11,514RSSD: FDIC-11514
Part ofELGIN BANCSHARES INC→ View all charters
Satisfactory Same

Current rating · Exam: September 2004

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At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Adequate

ROA 1.46%

Institution Profile

FDIC BankFind

Address

204 North Main, ELGIN, ND

County

Grant County

Established

June 1, 1910

Total Assets

$30M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

September 1, 2004

Exam Type

Small Bank

Regulator

FDIC
What is a CRA rating? →
⚠️This exam is 21 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.
Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q4 2005Call Report / FDIC

Total Assets

$30M

Total Deposits

$23M

Net Loans

$21M

Net Income

$439K

ROA

1.46%

ROE

15.55%

Risk-Based Capital

14.12%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Rating History

CRA / FFIEC

Rating Trend

→ Stable

Based on last 3 exams

5 previous ratings locked — dating back to 1991

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Rating Over Time

🔒 Locked
OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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