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Farmers State Bank Hoffman Salary

Farmers State Bank Hoffman Salary

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As of September 2026, the average annual salary for employees at Farmers State Bank Hoffman in the United States is $88,772. This translates to an approximate hourly wage of $43. Salaries at Farmers State Bank Hoffman typically range from $77,844 to $100,636 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Farmers State Bank Hoffman Pay for Different Roles?

Explore detailed salary information for specific jobs at Farmers State Bank Hoffman. Based on our data, the highest paying job is the Executive Vice President, with an annual salary of $261,482. The table below outlines the annual salary ranges for most popular roles within the company.
How accurate does the salary look to you?

Is Farmers State Bank Hoffman’s Pay Competitive? Salary Benchmarking Analysis

How does Farmers State Bank Hoffman's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.
Competitor / Benchmark Avg. Salary Variance Primary Market Influence Factor & Explanation
Oakridge Holdings Inc $99,003
+11.5%
Supported by Oakridge Holdings Inc's high-margin contracts allowing higher overhead.
Mighty Union Corp $114,868
+29.4%
Data suggests Mighty Union Corp's workforce skews heavily towards veteran, high-tenure roles.
Top Shelf Holding Inc $90,090
+1.5%
Suggests Top Shelf Holding Inc utilizes a highly similar base-plus-benefits compensation model.
847 S Union Corp $104,246
+17.4%
Reflects a supply-demand imbalance for the specific talent 847 S Union Corp targets.
Financial Services Industry $121,514
+36.9%
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.
Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

How Farmers State Bank Hoffman's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Farmers State Bank Hoffman. Click a company name to learn more.

Employee Reviews: Working at Farmers State Bank Hoffman

Considering a career at Farmers State Bank Hoffman? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
We're empowered to always do what's right for our clients, knowing that integrity is valued above short-term gains. Employees are empowered to take ownership of their projects, contributing to a dynamic workplace where innovation and teamwork drive success. What stands out is how technology enhances rather than replaces the human element of financial services. This cooperative spirit makes challen...
Commented in May 16, 2025
43
2
I enjoy the supportive team culture and open communication here. Institutional knowledge isn't siloed with individuals. Working has been an exceptional experience. Tuition reimbursement aids skill development. Quiet rooms enable focused work. Work-life balance is respected, with flexible hours and remote work options available. There's little to no emphasis on innovation.
Commented in August 28, 2024
17
0
Work-life balance varies by team and manager support. Financial companies can be rigid, but this one balances structure with creativity. Teams work seamlessly together, leveraging diverse expertise to solve complex financial challenges.
Commented in July 22, 2024
41
0
Benefits are standard, not industry-leading. It’s a quiet place with low turnover but limited social or team-building opportunities. The company empowers you to own your work while offering support where needed.
Commented in January 29, 2024
12
3

Farmers State Bank Hoffman Overview

Website
www.fsbhoffman.com
Founded In
1911
Employees
25 - 50 employees
Industry
Financial Services
Headquarter Address
100 W 4th St Hoffman Illinois IL 62250
Revenue
$5 Million - $10 Million
Phone Number
+1 6184952225
Social Media
About Farmers State Bank Hoffman
Farmers State Bank of Hoffman, headquartered in Illinois, and established in 1911, is a bank offering financial products and services, including checking and savings accounts, debit and credit cards, and lending solutions.

What Benefits Does Farmers State Bank Hoffman Offer Beyond Salary?

A competitive compensation package is more than just a salary. Farmers State Bank Hoffman offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Hoffman Estates?

Understanding the cost of living near Hoffman Estates is key to truly evaluating a salary offer or your current compensation at Farmers State Bank Hoffman.
Hoffman Estates' Cost of Living Index is approximately 104.5 (4.5% more expensive than US average; 11.4% more than IL average). NW Chicago suburb, corporate presence, housing above US avg. Pace bus. When planning your budget based on a salary from Farmers State Bank Hoffman, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,300 - $1,850+ A significant portion of Farmers State Bank Hoffman salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation Pace bus (varies) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $400 - $590 Can be higher with more dining out or specialty stores.
Personal & Leisure $370 - $670+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $380 - $690+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,590 - $4,030+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Farmers State Bank Hoffman

1. How much does a Farmers State Bank Hoffman employee make?

Farmers State Bank Hoffman pays its employees an average of $88,772 per year. The average salary at Farmers State Bank Hoffman range from $77,844 to $100,636 per year. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

2. Which similar company tend to pay more or less than Farmers State Bank Hoffman?

The salary at Farmers State Bank Hoffman is lesser than the similar company. The average annual salary at Farmers State Bank Hoffman is $88,772, or an hourly wage of $43, in comparison to Oakridge Holdings Inc which pays $99,003 per year or $48 per hour.

3. How much does an Executive Vice President typically earn at Farmers State Bank Hoffman?

An Executive Vice President at Farmers State Bank Hoffman typically earns an average annual base salary of around $261,482, with a general range of $215,777 to $314,551.

4. Do employees with advanced degrees (Master's, PhD) earn more at Farmers State Bank Hoffman?

In many roles at Farmers State Bank Hoffman, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.

5. How does the cost of living near Hoffman Estates affect the perceived value of a Farmers State Bank Hoffman salary?

Hoffman Estates' Cost of Living Index is approximately 104.5 (4.5% more expensive than US average; 11.4% more than IL average). This significantly impacts the purchasing power of a salary from Farmers State Bank Hoffman based there. Our "Cost of Living Insights for Hoffman Estates" module details this impact, helping you assess the 'real feel' value of your compensation.

6. What kind of benefits does Farmers State Bank Hoffman typically offer employees?

Farmers State Bank Hoffman generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at Farmers State Bank Hoffman" section on this page.

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