The Farmers Bank, Financial Information

AboutThe Farmers Bank

 Address:
202-A South Main Street
Greensboro,GA
Greene County,Georgia
 Established:
Sep 1911
 Number of domestic offices:
1
Total assets$134M
Net income$1M
Net income,quarterly$0M
Total deposits$118M
Domestic deposits$118M
Equity capital$17M
ROA0.48%
ROAQ,quarterly0.31%
ROA,pretax0.31%
ROAQ,quarterly,pretax0.3%
ROE3.53%
ROEQ,quarterly2.28%
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 embodies a long work history in Greene County . The first banking house and real estate were constructed at a cost of $1,211.57 in 1911. On September 6, 1911 the institution was chartered and capitalized with $25,000.00. The Bank flourished for the next two decades until March 14, 1935 . President Franklin Roosevelt declared a bank holiday and the following day the directors voted to reopen for business.

On October 24, 1933 , The Farmers Bank made an application to become a Charter Member Bank in the Federal Deposit Insurance Corporation. At this time, deposit accounts were insured for $2,500.00.

The Farmers Bank has always been a very progressive bank in serving Greene and surrounding counties. In the 60's the Bank was one of the first banks in the nation to offer its customers "Drive In" banking services. In the 70's the Bank was one of the first banks in the nation to offer ATM services.

In 1986, Putnam-Greene Financial Corporation purchased The Farmers Bank. This enabled The Farmers Bank to keep its local control but increase its size of loans due to a higher capital base. The Bank continues to maintain its State Charter and local Board of Directors.

Today, The Farmers Bank prides itself on customer service with a personal hometown touch. Although times have changed, the bank still realize that commitment to the well being of community is the banks first priority.

Main Office

The Farmers Bank
202-A South Main Street
Post Office Box 808
Greensboro , GA 30642
Phone (706) 453-2335
Fax (706) 453-7380

Branch Office

The Farmers Bank
710 Sibley Avenue
Union Point , GA 30669
Phone (706) 486-4121
Fax (706) 486-4125