Farmers State Bank, Financial Information

AboutFarmers State Bank

 Address:
11 South Main Street
West Salem,OH
Wayne County,Ohio
 Established:
Apr 1915
 Number of domestic offices:
6
Total assets$166M
Net income$1M
Net income,quarterly$0M
Total deposits$147M
Domestic deposits$147M
Equity capital$12M
ROA0.43%
ROAQ,quarterly0.69%
ROA,pretax0.69%
ROAQ,quarterly,pretax0.82%
ROE5.19%
ROEQ,quarterly9.05%
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.

The Farmers State Bank of West Salem was organized and incorporated in 1909. The Farmers State Bank continued to expand and, in 1922, purchased the Bank of West Salem, which had been opened by Samuel Wood in 1902.

In the 1960s, new offices, a night depository and drive-in window were built for growing operations. In 1991, a one bank holding company, Community Independent Bancorp, Inc, was formed, and The Farmers State Bank of West Salem became Farmers State Bank (FSB) at that time.

Extensive remodeling was done at the West Salem location in 1998 to better utilize available space, and the main entrance was moved from the front of the building to the side where a new lobby area continues to greet customers.

Farmers State Bank remains a local bank dedicated to old-fashioned customer service, the bank have always been committed to instituting new technology and changes to meet the needs of customers. Farmers State Bank currently offers ATMs, telephone banking, and Internet banking with free online bill pay.

West Salem
Phone: 419-853-4631
Fax: 419-853-4730

East Main
Phone: 419-281-7110
Fax: 419-281-8781

Baney
Phone: 419-281-2554
Fax: 419-281-1670

Marshallville
Phone: 330-855-8234
Fax: 330-855-3751

Rittman
Phone: 330-925-4617
Fax: 330-925-4619

TollFree: 1-800-350-2844