# FARMERS BANK
WINDSOR, VA · FDIC certificate 2429 · asset band $300M-1B · latest filing 2022-12 · stopped filing (departed)

**Verdict on the desk:** this could be *run candidate*. Composite score 2 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $595.5M | |
| Deposits | $522.5M | |
| Loans and leases | $285.6M | |
| Total equity | $42.0M | |
| Loans / deposits | 53.52% (p15 of band) | 75.42% |
| Liquid assets / assets | 44.10% (p80 of band) | |
| Uninsured deposits / deposits | 35.08% (p74 of band) | 27.65% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 4.32% (p55 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 10.85% (p66 of band) | 10.04% |
| Unrealized securities loss / equity | -110.60% (p5 of band) | -24.06% |
| AOCI / equity | -91.66% (p7 of band) | |
| ROA (annualized) | 0.95% (p37 of band) | 1.09% |
| Net interest margin | 3.24% (p37 of band) | 3.42% |
| Efficiency ratio | 72.05% (p77 of band) | |
| Noncurrent loans | 0.12% (p37 of band) | 0.22% |
| Net charge-offs (annualized) | 0.03% (p76 of band) | |
| Reserve coverage of noncurrent | 1782.63% | |
| Real estate % of loans | 77% | |
| Construction % of loans | 89.60% (p73 of band) | |
| Auto loans | $326,000 (0.11% of loans; DQ 0.61%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | -2.0% | |
| Employees | 95 | |

## Flags firing in the latest filing

- **AOCI drag >20% of equity** (`cap_aoci`)
- **securities losses >30% of equity** (`cap_secloss`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | construction >100% equity |  |
| 2011-06 | 2 | reserve under noncurrent |  |
| 2011-09 | 3 | capital falling, charge-offs p90 | reserve under noncurrent |
| 2011-12 | 0 |  | construction >100% equity, capital falling, charge-offs p90 |
| 2012-03 | 3 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2012-06 | 3 |  |  |
| 2012-09 | 4 | wholesale funding >15% |  |
| 2012-12 | 1 |  | deposits shrinking, uninsured deposits leaving, wholesale funding >15% |
| 2013-03 | 1 |  |  |
| 2013-06 | 1 |  |  |
| 2013-09 | 0 |  | assets shrinking |
| 2013-12 | 0 |  |  |
| 2014-03 | 0 |  |  |
| 2014-06 | 0 |  |  |
| 2014-09 | 0 |  |  |
| 2014-12 | 0 |  |  |
| 2015-03 | 0 |  |  |
| 2015-06 | 0 |  |  |
| 2015-09 | 1 | charge-offs p90 |  |
| 2015-12 | 1 |  |  |
| 2016-03 | 0 |  | charge-offs p90 |
| 2016-06 | 1 | capital falling |  |
| 2016-09 | 0 |  | capital falling |
| 2016-12 | 0 |  |  |
| 2017-03 | 0 |  |  |
| 2017-06 | 1 | capital falling |  |
| 2017-09 | 0 |  | capital falling |
| 2017-12 | 0 |  |  |
| 2018-03 | 1 | capital falling |  |
| 2018-06 | 0 |  | capital falling |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 1 | capital falling |  |
| 2019-06 | 0 |  | capital falling |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 1 | capital falling |  |
| 2020-09 | 0 |  | capital falling |
| 2020-12 | 0 |  |  |
| 2021-03 | 0 |  |  |
| 2021-06 | 0 |  |  |
| 2021-09 | 0 |  |  |
| 2021-12 | 1 | capital falling |  |
| 2022-03 | 3 | AOCI drag >20% of equity, securities losses >30% of equity |  |
| 2022-06 | 2 |  | capital falling |
| 2022-09 | 3 | construction >100% equity |  |
| 2022-12 | 2 |  | construction >100% equity |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-08-27 [See exclusive photos inside Petersburg's historic Thomas Day House - The Progress Index](https://news.google.com/rss/articles/CBMi5gFBVV95cUxPOXZHSTl0LWFrYlBObkJ6cVREZkEzMWtZSkowX21OMFdBM2FZR204NUFvczFhS3ZNU1BoV1BkOFMtbGhnSWhvTDE1ZmphaENPUTF0UHNIYjFEYjJkMm5PWDFmZzNMTUJnVkRzNFpBWW9sZFNVaWtZNFhyVmZILTZ3R0xWa1Yyb2tITUxBQlJVd0RoYUIwaFY1NEozNzhpWFN6UG9WRFViMVczQ21WemsxT20tVGpPQ3dxVG1KZnE2NFlpUEhZZ2djcTlUNGFxR0RPbUJiMEFiZHIwZldpWDQ3VjAzbmppZw?oc=5) · The Progress Index
- 2026-07-28 [Farmers Bank of Kansas City Mortgage Review - U.S. News - Money](https://news.google.com/rss/articles/CBMijgFBVV95cUxOZ0g3RFRucnpSM2l6c3Rzdl91blJhWjNYeG5xMGhlTUR4NDgxalc4bjZoX2xLb0V0LXNzaS1oU3pJRXhHS3oyckZxLUpMZGtUU1Q3RnZVY0xXYUZiVXZMR2pfQzE5YThYNzJ6YUgzdkIyS09JdGVoaGRsWDkxTm91bTJRMlliRWc0aUxGNkRn?oc=5) · U.S. News - Money
- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2022-08-18 [TowneBank acquiring Windsor-based Farmers Bank - wavy.com](https://news.google.com/rss/articles/CBMijAFBVV95cUxQWG9Ea3pMTHhsa2FDYXgzT1I5TWhMVEpDamlPOU9ZbzFVTVVxaVRuT0hLc0VBcldoRHBablFZOHNReV9VMlJKNm8ySHZlSnJfc2dQR0pPdGhMQjdoLVFxUXlyLU90VDNfdjExQ2hFU3p6ak5GdS1vRHluU25OWk5hNVBqdXFYcXk2SW5rTNIBkgFBVV95cUxOSG5SS0N4X3ZHVzU0cFA2dnRoZnFwRUh2VTJCR1VVdHF6ZE10ak05NXRTUnNIQ1BDRjliU01qWkprTEJhZV9DYzBOeFYwbGVTS2RMVlJWRjI0eDJySTNYQjA1TWlmZGhjQ0sxcjd6a1Yza1c1VWVCZUdlRWJFTE1ZUWVJRjRfOUlsdnctanZ3OGpwdw?oc=5) · wavy.com
- 2022-08-23 [Local Farmers Bank branches not included in TowneBank merger - The Farmville Herald](https://news.google.com/rss/articles/CBMingFBVV95cUxNMXhoWWJjQk9JcmJvLXFsa0lYaXdzQ1M0WnVPT2dxV1JJR056YjBzNzlwRnllMmNWME1TNTdMSFpqbTQxLU1UVUVCSTFQYTlfT1Z2OXFNUTlfU2NXQUc3VzdTel9BaUZteU1vcWg2RlBRQm5GN3pRWXhBRmZVSUp4akVxSHNDVWhWQm5xZmpwWmpub0R1bEZwOUhDVFkwQQ?oc=5) · The Farmville Herald
- 2026-07-01 [Pittsburgh mortgage lender Victorian Finance merges into Tennessee bank - The Business Journals](https://news.google.com/rss/articles/CBMingFBVV95cUxQcjM5azE5aTlRczZjU0JjczY5ZmxfdnZ0TXVDNEJlN0VqSDR4ZzkzRTlWNUpKSWFhZEo3UUlhNFJpRnMzWmpyejhMN1JHLW1lazFHdnZFYWdjUXl0anhqZGFMTTRFN0xFRk94RWJvTnExQnNwQ25DSUJGSWtIaElPTTVyUDdSd1VHYXhvTnNmaGpBdU02dFBYeHZJWnZEUQ?oc=5) · The Business Journals
- 2025-10-07 [Regional Banks, CUs: 3 Proven Strategies to Drive Growth - Resourceful Finance Pro](https://news.google.com/rss/articles/CBMifEFVX3lxTFAxR0V1c1lIRy1GXzQtSGNTNk9EM3N6NjM2M3FzT0p2b2hTUDc2aEw2NVR2Z0lUaDBUYXRTckJsanRGWXdsenQ1SnU3SEw3bldSSWhEcmNqLWdMMVNIM3R1Sks5a2FoZy0xTkpoUkVOaVJISDFDd01PR3IzM3I?oc=5) · Resourceful Finance Pro
- 2020-03-02 [The Historic Mechanics And Farmers Bank Gets A Facelift - WUNC News](https://news.google.com/rss/articles/CBMiqAFBVV95cUxPV2R5aXNRQTVUU3Z3bFpJX0JwYVZjZ1dJdHJMMkpWQnVQdExoRzd5bUkxNHNyd2R1MExST2ZuSFlxVk9aTno2QkZZcDdkdFB6Y09BTkVCSE1YTUJ0RC11SVE3Umd0d204aG52cEJjZGFJM3BKU083amdDNGoxSGN3NVFiYXh6dnVzN0JReTRGVm1uSktnaDZYOEN3OVZnQWl0X0lRWTV0UDk?oc=5) · WUNC News

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=2429 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/61.json (key "2429", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide