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888-264-6116
20 South Main Street
Chambersburg, PA 17201

Farmers and Merchants Trust Company of Chambersburg is headquartered in Chambersburg and is the 32nd largest bank in the state of Pennsylvania. It is also the 676th largest bank in the nation. It was established in 1906 and as of December of 2013, it had grown to 275 employees at 29 locations. Farmers and Merchants Trust Company of Chambersburg has a B health rating.

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Health

Data for Q4 2013

Institution Health

B

Texas Ratio

GRADE:
C+

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 Trust Company of Chambersburg had $29.96 million in non-current loans and owned real-estate with $101.37 million in equity and loan loss allowances on hand to cover it. This gives Farmers and Merchants Trust Company of Chambersburg a Texas Ratio of 29.55% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for Farmers and Merchants Trust Company of Chambersburg decreased dramatically from 42.60% as of December 31, 2012 to 29.55% as of December 31, 2013, resulting in a positive change of 30.62%.This indicates that the balance sheet and financial strength for Farmers and Merchants Trust Company of Chambersburg has improved dramatically in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Farmers and Merchants Trust Company of Chambersburg has decreased its total deposits by -$28.56 million, resulting in -3.26% 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 Trust Company of Chambersburg has shown is below average.

Capitalization

GRADE:
B+

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 Trust Company of Chambersburg has $981.36 million in assets with $101.37 million in equity, resulting in a capitalization level of 10.33%, which is above average.

Institution Statistics

Overall
FDIC Certificate #8405
Year Established1906
Employees275
Primary RegulatorFDIC
Assets and Liabilities
Assets$981.36 million
Loans$714.06 million
Deposits$846.34 million
Equity Capital$91.67 million
Loan Loss Allowance$9.70 million
Unbacked Noncurrent Loans$25.25 million
Real Estate Owned$4.71 million
Historic Data - December 2012
Assets$1.03 billion
Equity Capital$88.42 million
Loan Loss Allowance$10.38 million
Unbacked Noncurrent Loans$25.25 million
Real Estate Owned$5.13 million
Profit Margin - Quarterly
Net Interest Margin3.58%
Return on Assets0.66%
Return on Equity7.47%
Interest Income$37.79 million
Rates

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Farmers and Merchants Trust Company of Chambersburg Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%--IRA Savings Account
0.15%--SEP IRA Savings Account
0.15%--Coverdell Savings

Farmers and Merchants Trust Company of Chambersburg Money Market Rates

DetailsAPYMINMAXPRODUCT
0.40%$250k-Money Management Acct

Farmers and Merchants Trust Company of Chambersburg Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$100k-Relationship Checking
0.10%$5k-Checking Plus

Farmers and Merchants Trust Company of Chambersburg CD Rates

DetailsAPYMINMAXPRODUCT
0.50%$25k$100k36-Month CD
0.40%$25k$100k24-Month CD

Farmers and Merchants Trust Company of Chambersburg IRA Rates

DetailsAPYMINMAXPRODUCT
0.50%$25k$100k36-Month IRA (Traditional,SEP,CESA)
0.40%$25k$100k24-Month IRA (Traditional,SEP,CESA)
Locations

Farmers and Merchants Trust Company of Chambersburg has 29 locations. Click to view all Farmers and Merchants Trust Company of Chambersburg locations.