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Farmers & Merchants Bank of Central California

Overview / Commentary
209-367-2300
121 West Pine Street
Lodi, CA 95240

Farmers & Merchants Bank of Central California is headquartered in Lodi and is the 31st largest bank in the state of California. It is also the 341st largest bank in the nation. It was established in 1916 and as of March of 2014, it had grown to 297 employees at 23 locations. Farmers & Merchants Bank of Central California has a A+ health rating.

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Health

Data for Q1 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

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 & Merchants Bank of Central California had $6.25 million in non-current loans and owned real-estate with $262.17 million in equity and loan loss allowances on hand to cover it. This gives Farmers & Merchants Bank of Central California a Texas Ratio of 2.39% which is excellent. 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 & Merchants Bank of Central California decreased dramatically from 5.53% as of March 31, 2013 to 2.39% as of March 31, 2014, resulting in a positive change of 56.88%.This indicates that the balance sheet and financial strength for Farmers & Merchants Bank of Central California has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Farmers & Merchants Bank of Central California has increased its total deposits by $126.07 million, resulting in 7.35% 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 & Merchants Bank of Central California has shown is excellent.

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 & Merchants Bank of Central California has $2.13 billion in assets with $262.17 million in equity, resulting in a capitalization level of 12.32%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #1331
Year Established1916
Employees297
Primary RegulatorFDIC
Assets and Liabilities
Assets$2.13 billion
Loans$1.33 billion
Deposits$1.84 billion
Equity Capital$227.89 million
Loan Loss Allowance$34.28 million
Unbacked Noncurrent Loans$2.96 million
Real Estate Owned$3.29 million
Historic Data - March 2013
Assets$1.97 billion
Equity Capital$219.72 million
Loan Loss Allowance$34.26 million
Unbacked Noncurrent Loans$2.96 million
Real Estate Owned$4.74 million
Profit Margin - Quarterly
Net Interest Margin3.88%
Return on Assets1.23%
Return on Equity11.6%
Interest Income$19.02 million
Rates
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Farmers & Merchants Bank of Central California Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.03%--Regular Savings

Farmers & Merchants Bank of Central California Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.15%$5k$50kSky Blue Checking Internet Special

Farmers & Merchants Bank of Central California CD Rates

DetailsAPYMINMAXPRODUCT
0.45%$100k-36 Month Jumbo CD
0.40%$1k$100k36 Month CD
0.40%$100k-24 Month Jumbo CD
0.35%$1k$100k24 Month CD
0.25%$100k-18 Month Jumbo CD
0.22%$1k$100k18 Month CD
0.18%$1k$100k12 Month CD
0.18%$100k-12 Month Jumbo CD
0.15%$1k$100k9 Month CD
0.15%$100k-9 Month Jumbo CD
0.10%$1k$100k6 Month CD
0.10%$100k-6 Month Jumbo CD
Locations

Farmers & Merchants Bank of Central California has 23 locations. Click to view all Farmers & Merchants Bank of Central California locations.