Farmers State Bank Of Hoffman is a bank based in Hoffman, Minnesota, established in 1911, with $38 million in total assets across 1 branch. By Trust Grade it ranks 86th of 224 banks we track in Minnesota. Its capital ratio of 9.9% trails most similarly sized banks (29th percentile), versus a Minnesota median of 9.5%. It was profitable over the most recent period, with a 0.96% return on assets. No consumer complaints against Farmers State Bank Of Hoffman appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Farmers State Bank Of Hoffman compares to Minnesota peers
How we graded Farmers State Bank Of Hoffman
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (9.9% capital ratio)
- Profitable (ROA 0.96%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Farmers State Bank Of Hoffman over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (1)
- 103 W Main Ave, Hoffman, MN 56339
Are deposits at Farmers State Bank Of Hoffman insured?
Yes. Farmers State Bank Of Hoffman is an FDIC-insured bank (FDIC certificate #9354). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Farmers State Bank Of Hoffman: frequently asked questions
Is Farmers State Bank Of Hoffman a good bank?
Farmers State Bank Of Hoffman earns a Bankzia Trust Grade of A (97/100, "Excellent"), based on a financial-strength score of 97/100 (it has no CFPB complaints on record). Strongly capitalized (9.9% capital ratio); Profitable (ROA 0.96%).
Is Farmers State Bank Of Hoffman FDIC-insured?
Yes. Farmers State Bank Of Hoffman is a FDIC-insured bank (FDIC certificate #9354). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Farmers State Bank Of Hoffman?
Farmers State Bank Of Hoffman holds $38 million in total assets, ranking 86th of 224 banks we track in Minnesota. It operates 1 branch.
Does Farmers State Bank Of Hoffman have CFPB complaints?
No CFPB complaints against Farmers State Bank Of Hoffman appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
