The Farmers National Bank of Canfield
Canfield, Ohio, Mahoning County
$7.2B in total assets, the 223rd largest of 4,309 US banks and 10th of 160 headquartered in Ohio.
- FDIC certificate
- 6540
- Established
- 1887
- Owned by
- Farmers National Banc Corp
- Primary regulator
- OCC
- Website
- www.farmersbankgroup.com
At a glance
Compared with 27 banks headquartered in Ohio with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $7.2B | 96% | $1.6B | |
| Loans | $4.8B | 96% | $1.1B | |
| Deposits | $5.9B | 96% | $1.4B | |
| Return on assets | 1.16% | 38% | 1.21% | |
| Net interest margin | 3.50% | 33% | 3.65% | |
| Efficiency ratio | 55.6% | 41% | 59.2% | |
| Equity to assets | 11.46% | 74% | 10.17% | |
| Loans to deposits | 81% | 30% | 87% |
Growth
Total assets grew 17.2% a year over the last 5 years and 14.1% a year over 10 years, including 5 acquisitions in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Mar 2026 | The Middlefield Banking Company Middlefield, OH | $1.9B |
| Jan 2023 | The Farmers National Bank of Emlenton Emlenton, PA | $1.0B |
| Nov 2021 | The Cortland Savings and Banking Company Cortland, OH | $796M |
| Jan 2020 | Geauga Savings Bank Newbury, OH | $273M |
| Aug 2017 | The Monitor Bank Big Prairie, OH | $39M |
| Oct 2015 | 1st National Community Bank East Liverpool, OH | $136M |
| Jun 2015 | First National Bank Orrville, OH | $545M |
| Dec 2000 | The Security Dollar Bank Niles, OH | $160M |
Where they operate
85 branches in 26 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Mahoning County, OH | $1.4B | 21.1% | 2 of 10 |
| Trumbull County, OH | $1.0B | 25.8% | 2 of 10 |
| Geauga County, OH | $592M | 17.8% | 2 of 10 |
| Wayne County, OH | $572M | 18.6% | 1 of 12 |
| Columbiana County, OH | $418M | 18.1% | 2 of 10 |
| Stark County, OH | $201M | 2.0% | 10 of 17 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 46 branches since 2016 (39 to 85, +117.9%). 2 opened, 56 acquired, 12 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 39 | |||
| 2016 | Closed Salem | 0 | 1 | −1 | 38 |
| 2017 | Acquired The Monitor BankClosed Mineral Ridge | 1 | 1 | 0 | 38 |
| 2018 | Opened Woodmere | 1 | 0 | +1 | 39 |
| 2019 | Closed Akron | 0 | 1 | −1 | 38 |
| 2020 | Acquired Geauga Savings BankClosed Midland and Woodmere | 2 | 2 | 0 | 38 |
| 2021 | Acquired The Cortland Savings and Banking Company | 13 | 0 | +13 | 51 |
| 2022 | Opened North CantonClosed 3 in Ohio | 1 | 3 | −2 | 49 |
| 2023 | Acquired The Farmers National Bank of EmlentonClosed Canton and Eau Claire | 19 | 2 | +17 | 66 |
| 2024 | Closed Sykesville and Windham | 0 | 2 | −2 | 64 |
| 2026 through Q2 | Acquired The Middlefield Banking Company | 21 | 0 | +21 | 85 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 34% | 29% | |
| 1-4 family residential | 32% | 34% | |
| Business (C&I) | 11% | 12% | |
| Consumer | 6% | 4% | |
| Farmland | 5% | 4% | |
| Multifamily | 5% | 7% | |
| Construction and land | 4% | 6% | |
| Agricultural | 1% | 1% | |
| Other | 1% | 4% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 61% | 55% | |
| Noninterest-bearing | 24% | 20% | |
| Time deposits | 15% | 25% |
Brokered deposits are 0.0% of deposits (peers 5.8%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.93% | 0.60% |
| Net charge-offs, annualized | 0.19% | 0.02% |
| Reserves to loans | 1.11% | 1.07% |
| Leverage ratio | 9.55% | 10.45% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Ohio
Largest competitors in Mahoning County, OH
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/banks/farmers-national-bank-canfield-oh