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Overview / Commentary
256-447-9041
112 East Ladiga Street
Piedmont, AL 36272

Farmers and Merchants Bank is headquartered in Piedmont and is the 53rd largest bank in the state of Alabama. It is also the 3,024th largest bank in the nation. It was established in 1915 and as of December of 2013, it had grown to 50 employees at 4 locations. Farmers and Merchants Bank has a B+ health rating.

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
A

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Farmers and Merchants Bank had $2.31 million in non-current loans and owned real-estate with $25.35 million in equity and loan loss allowances on hand to cover it. This gives Farmers and Merchants Bank a Texas Ratio of 9.10% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Farmers and Merchants Bank experienced no significant changes from 8.00% as of December 31, 2012 to 9.10% as of December 31, 2013, resulting in a negative change of 13.74%. This indicates that the balance sheet and financial strength for Farmers and Merchants Bank has had no significant changes in recent periods.

Deposit Growth

GRADE:
C+

In the past year, Farmers and Merchants Bank has decreased its total deposits by -$1.68 million, resulting in -0.98% 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 average.

Capitalization

GRADE:
A+

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 $202.4 million in assets with $25.35 million in equity, resulting in a capitalization level of 12.53%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #1735
Year Established1915
Employees50
Primary RegulatorFDIC
Assets and Liabilities
Assets$202.40 million
Loans$97.26 million
Deposits$169.82 million
Equity Capital$23.79 million
Loan Loss Allowance$1.57 million
Unbacked Noncurrent Loans$790,000
Real Estate Owned$1.52 million
Historic Data - December 2012
Assets$204.59 million
Equity Capital$24.70 million
Loan Loss Allowance$1.76 million
Unbacked Noncurrent Loans$790,000
Real Estate Owned$1.48 million
Profit Margin - Quarterly
Net Interest Margin4.16%
Return on Assets0.64%
Return on Equity5.19%
Interest Income$8.04 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Farmers and Merchants Bank, we are a rate comparison website and can not provide official rates or promotions.

Farmers and Merchants Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.12%$100-Savings Account

Farmers and Merchants Bank Money Market Rates

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

Farmers and Merchants Bank Checking Account Rates

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

Farmers and Merchants Bank CD Rates

DetailsAPYMINMAXPRODUCT
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
Locations


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