The Farmers State Bank, Financial Information

AboutThe Farmers State Bank

 Address:
1101 West Main Street
Quinton,OK
Pittsburg County,Oklahoma
 Established:
Mar 1908
 Number of domestic offices:
4
Total assets$131M
Net income$2M
Net income,quarterly$0M
Total deposits$118M
Domestic deposits$118M
Equity capital$11M
ROA1.48%
ROAQ,quarterly1.29%
ROA,pretax1.29%
ROAQ,quarterly,pretax1.29%
ROE18.2%
ROEQ,quarterly15.18%
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, the second bank established in Quinton, opened for business on April 7, 1908. A small wood frame building provided temporary facilities for the bank at that time.

In 1929, stockholders purchased The First National Bank of Quinton and Kinta State Bank, consolidating assets under the state charter of Farmers State Bank. Soon after, bank offices were moved across the street to the building formerly occupied by The First National Bank. The old bank building was torn down in 1980 after new facilities were constructed, where banking services continue today.

Operations were located in the original building, built in 1905, until the new building was completed on Highway 82 in December of 1985. The second branch was built in 1996 in Whitefield to better serve Haskell County residents. As branching laws changed, in 2000, The Farmers State Bank moved this branch service into a new facility in Stigler just east of downtown on highway 9; the easily recognized red barn.

Farmers State Bank is a family owned and operated bank serving their customers for 100 years, and beyond.