The Farmers Bank and Savings Company, Financial Information

AboutThe Farmers Bank and Savings Company

 Address:
640 East Main Street
Pomeroy,OH
Meigs County,Ohio
 Established:
Dec 1904
 Number of domestic offices:
7
Total assets$371M
Net income$3M
Net income,quarterly$1M
Total deposits$332M
Domestic deposits$332M
Equity capital$37M
ROA0.82%
ROAQ,quarterly0.86%
ROA,pretax0.86%
ROAQ,quarterly,pretax1.06%
ROE8.03%
ROEQ,quarterly8.51%
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 Bank and Savings Company was organized on Court Street and it was opened to the public for business on December 4, 1904. In 1921 the name "Trust" was replaced by the word "Savings" in the name of the Bank. The Bank had steady growth from the beginning and reached the first million in deposits in 1943.

n May, 1987, the Farmers Bank acquired, through purchase, the Tuppers Plains Branch of BankOne. This purchase represented the first branch of the Farmers Bank and enabled bank to better serve the needs of Meigs County. In 1995, the Farmers Bank purchased a lot on Upper River Road, Gallipolis, built an office and began serving Gallia County.

On March 25, 2003, the Mason, West Virginia, branch was opened which was the first branch of the West Virginia Division. On May 11, 2006, the Point Pleasant Branch was opened for business which, to date, completes the West Virginia Division of Farmers Bank.

In October of 2011, Farmers Bank started building its newest addition at 640 East Main Street in Pomeroy. On July 16th, 2012, the two-story building opened for business. The 211 West Second Street location, which previously housed the Pomeroy retail business, is scheduled to undergo renovations beginning in September.

Farmers Bank has become the oldest independently owned financial institution in Meigs County since opening its doors 108 years ago. To date, the bank has a total of 85 employees at six locations and currently has 29 surcharge free ATM’s (including Hocking Valley ATMs) to serve the bank’s customers.

Pomeroy - Corporate Headquarters
211 West Second Street
Pomeroy, Ohio 45769
Office: 740-992-2136