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112 East Ladiga Street
Piedmont, AL 36272

Farmers and Merchants Bank is headquartered in Piedmont and is the 57th largest bank in the state of Alabama. It is also the 3,155th largest bank in the nation. It was established in 1915 and as of March of 2014, it had grown to 50 employees at 4 locations. Farmers and Merchants Bank has a A health rating.

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Farmers and Merchants Bank had $1.46 million in non-current loans and owned real-estate with $25.9 million in equity and loan loss allowances on hand to cover it. This gives Farmers and Merchants Bank a Texas Ratio of 5.63% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Farmers and Merchants Bank decreased slightly from 6.64% as of March 31, 2013 to 5.63% as of March 31, 2014, resulting in a positive change of 15.21%.This indicates that the balance sheet and financial strength for Farmers and Merchants Bank has improved slightly in recent periods.

Deposit Growth


In the past year, Farmers and Merchants Bank has decreased its total deposits by -$4.43 million, resulting in -2.72% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Farmers and Merchants Bank has shown is below average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Farmers and Merchants Bank has $191.6 million in assets with $25.9 million in equity, resulting in a capitalization level of 13.52%, which is excellent.

Institution Statistics

FDIC Certificate #1735
Year Established1915
Primary RegulatorFDIC
Assets and Liabilities
Assets$191.60 million
Loans$95.57 million
Deposits$158.37 million
Equity Capital$24.49 million
Loan Loss Allowance$1.41 million
Unbacked Noncurrent Loans$122,000
Real Estate Owned$1.34 million
Historic Data - March 2013
Assets$195.94 million
Equity Capital$24.71 million
Loan Loss Allowance$1.69 million
Unbacked Noncurrent Loans$122,000
Real Estate Owned$1.46 million
Profit Margin - Quarterly
Net Interest Margin4.16%
Return on Assets0.75%
Return on Equity6.08%
Interest Income$1.97 million

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Farmers and Merchants Bank Savings Account Rates

0.12%$100-Savings Account

Farmers and Merchants Bank Money Market Rates

0.17%$50k-Money Market
0.17%$50k-Wall Street MM

Farmers and Merchants Bank Checking Account Rates

0.17%$10k-Prime Investment Checking
0.07%$1,500-NOW Account

Farmers and Merchants Bank CD Rates

0.87%$1k-5 Year CD
0.72%$1k-4 Year CD
0.62%$1k-3 Year CD
0.52%$1k-30 Month CD
0.47%$1k-2 Year CD
0.40%$1k-18 Month CD
0.20%$1k-1 Year CD
0.10%$1k-90 Day CD
0.10%$1k-6 Month CD
0.07%$1k-60 Day CD
0.02%$1k-30 Day CD

Farmers and Merchants Bank Locations
Farmers and Merchants Bank112 East Ladiga StreetPiedmont, AL 36272
Jacksonville Branch1130 South Pelham RoadJacksonville, AL 36265
Anniston Branch1429 Quintard AvenueAnniston, AL 36201
Oxford Branch35 Ali WayOxford, AL 36203