Farmers & Merchants Bank

205 S. Main St.
Timberville, VA 22853
(540) 896-8941
www.fmbankva.com

FDIC

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Farmers & Merchants Bank is headquartered in Timberville and is the 39^th largest bank in the state of Virginia. It is also the 1,190^th largest bank in the nation. It was established in 1908 and as of March of 2013, it had grown to 129 employees at 9 locations. Farmers & Merchants Bank has a 4-star health rating.

Farmers & Merchants Bank Routing Number: 051404419

Farmers & Merchants Bank Platinum Reward Checking Rate Lowered From 2.01% To 1.69% (Forum) - 8/16/2012

Announced in my latest statement: Effective 8-16-12 the interest rate for platinum rewards will be as follows. If requirements are met: 1.69% APY up tp $50,000

Platinum Reward Checking Rate Lowered From 2.52% To 2.01% On 50K (Forum) - 3/21/2012

Announced in my latest statement: Effective 3-22-12 the interest rate for platinum rewards will be as follows. If requirements are met: 2.01% APY up tp $50.000, .31% APY over $50000, .10% non-qualified rate.

Reward Checking Rate Drop 2.50 - 2.21 (Forum) - 8/20/2011

F&MB dropped the reward checking rate from 2.50 to 2.21; cap remains at 50K

Qualifying Debit Card Transactions (Forum) - 6/16/2011

My RCA account failed to qualify for the higher interest this last period. Two debit card transactions that I charged over the net at my Prescription service apparently arrived at the bank classified as ATM transactions. I would have thought that since I

2010

11/15 - Received Notice Of Rate Change Effect Of Nov18 From 3.25 Apy To 2.74 Apy For Platium Rewards Accounts (Forum)
7/22 - Farmers And Merchants Bank (VA) Drops Rate To 3.25% (Forum)
2/18 - Opened Account At 4% (Forum)

2009

12/12 - And It Is No Longer Accepting Out (Forum)
12/11 - Rate Will Be Going Down To 3 (Forum)
9/10 - 5.01% Reward Checking Account at Farmers & Merchants Bank in Wisconsin - Local Only

2008

6/25 - High-Yield Reward Checking Account at Farmers & Merchants Bank in Virginia

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See Rates for: Checking | Savings | Money Market | CD | IRA

Farmers & Merchants Bank Checking Account Rates

Apy	Min	Max	Product
1.41%	-	$50k	Personal Platinum Rewards Checking
0.25%	$100k	-	Personal Platinum Checking
0.10%	$1k	-	Personal Interest Checking
0.10%	$1k	-	Sole Proprietorships Interest Checking

Farmers & Merchants Bank Savings Account Rates

Apy	Min	Max	Product
1.50%	-	$1k	Treehouse Savings Club
1.30%	-	$3,500	New Beginnings Savings - Bridal Registry
0.25%	$50k	-	Premium Savings
0.20%	-	-	Regular Savings
0.20%	-	-	Christmas Club Savings

Farmers & Merchants Bank Money Market Rates

Apy	Min	Max	Product
0.35%	$250k	-	Platinum Money Market
0.35%	$250k	-	Money Market Savings Plus

Farmers & Merchants Bank CD Rates

Apy	Min	Max	Product
1.26%	$1k	-	60 Month CD
0.90%	$1k	-	48 Month CD
0.75%	$1k	-	36 Month CD
0.60%	$1k	-	30 Month CD
0.55%	$1k	-	24 Month CD
0.50%	$1k	-	18 Month CD Special
0.45%	$1k	-	18 Month CD
0.30%	$1k	-	12 Month CD
0.25%	$1k	-	6 Month CD

Farmers & Merchants Bank IRA Rates

Apy	Min	Max	Product
1.26%	$1k	-	60 Month CESA
1.26%	$1k	-	60 Month IRA
1.26%	$1k	-	60 Month Roth IRA
0.90%	$1k	-	48 Month CESA
0.90%	$1k	-	48 Month IRA
0.90%	$1k	-	48 Month Roth IRA
0.75%	$1k	-	36 Month CESA
0.75%	$1k	-	36 Month IRA
0.75%	$1k	-	36 Month Roth IRA
0.60%	$1k	-	30 Month CESA
0.60%	$1k	-	30 Month IRA
0.60%	$1k	-	30 Month Roth IRA
0.55%	$1k	-	24 Month CESA
0.55%	$1k	-	24 Month IRA
0.55%	$1k	-	24 Month Roth IRA
0.50%	$1k	-	18 Month CESA Special
0.50%	$1k	-	18 Month IRA Special
0.50%	$1k	-	18 Month Roth IRA Special
0.45%	$1k	-	18 Month CESA
0.45%	$1k	-	18 Month IRA
0.45%	$1k	-	18 Month Roth IRA
0.30%	$1k	-	12 Month CESA
0.30%	$1k	-	12 Month IRA
0.30%	$1k	-	12 Month Roth IRA
0.25%	$1k	-	6 Month CESA
0.25%	$1k	-	6 Month IRA
0.25%	$1k	-	6 Month Roth IRA

Rates updated: 6/18/2013

Data for Q1 2013

Institution Statistics

Farmers & Merchants Bank
FDIC Certificate #	8668
BankRate Report	View
Year Established	1908
Employees	129
Primary Regulator	FED
Assets and Liabilities
Assets	$566.11 million
Loans	$478.61 million
Deposits	$459.00 million
Equity Capital	$50.22 million
Loan Loss Allowance	$8.26 million
Unbacked Noncurrent Loans	$11.69 million
Real Estate Owned	$2.77 million
Historic Data - March 2012
Assets	$556.87 million
Equity Capital	$46.63 million
Loan Loss Allowance	$7.31 million
Unbacked Noncurrent Loans	$17.71 million
Real Estate Owned	$2.10 million
Profit Margin - Quarterly
Net Interest Margin	4.01%
Return on Assets	0.83%
Return on Equity	9.69%
Interest Income	$6.60 million

Institution Health

Overall Score:

4 out of 5

Texas Ratio
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 March 31, 2013 Farmers & Merchants Bank had $14.46 million in non-current loans and owned real-estate with $58.48 million in equity and loan loss allowances on hand to cover it. This gives Farmers & Merchants Bank a Texas Ratio of 24.72% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Farmers & Merchants Bank decreased slightly from 36.71% as of March 31, 2012 to 24.72% as of March 31, 2013, resulting in a positive change of 32.67%.This indicates that the balance sheet and financial strength for Farmers & Merchants Bank has improved slightly in recent periods.
Deposit Growth
In the past year, Farmers & Merchants Bank has increased its total deposits by $13.97 million, resulting in 3.14% 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 has shown is above average.
Capitalization
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 has $566.11 million in assets with $58.48 million in equity, resulting in a capitalization level of 10.33%, which is above average.