SBA lender profile
Farmers State Bank
Farmers State Bank appears in the public SBA loan data with 140 funded 7(a) loans totaling $37.5M, an average of $268K per loan, and an estimated 1,252 jobs supported. Its SBA lending concentrates in Iowa and the Retail Trade sector. Across all of its loans in the data, its charge-off rate is 0.0%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
140
Total volume
$37.5M
Average loan size
$268K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
1,252
Programs
7(a)
Bank profile
via FDIC- Total assets
- $68M
- Headquarters
- New Ross, IN
- FDIC cert
- #10484
- Status
- Inactive
Where Farmers State Bank lends
Top states by funded SBA volume.
What Farmers State Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Retail Trade | 17 | $9.4M |
| Accommodation and Food Services | 27 | $8.4M |
| Construction | 14 | $3.5M |
| Administrative and Support | 14 | $3.2M |
| Other Services | 21 | $2.5M |
| Arts, Entertainment, Recreation | 5 | $2.2M |
Farmers State Bank SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 11 | $3.4M |
| 2021 | 33 | $5.7M |
| 2022 | 30 | $9.3M |
| 2023 | 14 | $2.7M |
| 2024 | 30 | $9.2M |
| 2025 | 17 | $6.7M |
| 2026 | 5 | $478K |
Sources and disclaimer. All figures are computed from
the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31),
as described in our methodology.
The charge-off rate is the share of Farmers State Bank's funded loans marked charged off across all of its
loans in the data; it is not a lifetime default rate. SBA Loan Index is not affiliated with the
SBA and is not a lender, broker, or financial advisor. This is general information, not advice.
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