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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 & Merchants Bank had $13.49 million in non-current loans and owned real-estate with $72.66 million in equity and loan loss allowances on hand to cover it. This gives Farmers & Merchants Bank a Texas Ratio of 18.57% which is above 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 24.72% as of March 31, 2013 to 18.57% as of March 31, 2014, resulting in a positive change of 24.87%.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 $15.44 million, resulting in 3.36% 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 excellent.



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 $572.84 million in assets with $72.66 million in equity, resulting in a capitalization level of 12.68%, which is excellent.

Institution Statistics

FDIC Certificate #8668
Year Established1908
Primary RegulatorFED
Assets and Liabilities
Assets$572.84 million
Loans$483.90 million
Deposits$474.43 million
Equity Capital$64.66 million
Loan Loss Allowance$8.01 million
Unbacked Noncurrent Loans$11.06 million
Real Estate Owned$2.44 million
Historic Data - March 2013
Assets$566.11 million
Equity Capital$50.22 million
Loan Loss Allowance$8.26 million
Unbacked Noncurrent Loans$11.06 million
Real Estate Owned$2.77 million
Profit Margin - Quarterly
Net Interest Margin4.15%
Return on Assets0.81%
Return on Equity7.67%
Interest Income$6.29 million

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Farmers & Merchants Bank Savings Account Rates

1.25%-$1kTreehouse Savings Club
1.25%-$3,500New Beginnings Savings - Bridal Registry
0.25%$50k-Premium Savings
0.15%--Regular Savings
0.15%--Christmas Club Savings

Farmers & Merchants Bank Money Market Rates

0.30%$250k-Platinum Money Market
0.30%$250k-Money Market Savings Plus

Farmers & Merchants Bank Checking Account Rates

1.26%-$50kPersonal Platinum Rewards Checking - Qualifying
0.20%$100k-Personal Platinum Checking
0.10%$1k-Personal Interest Checking
0.10%$1k-Sole Proprietorships Interest Checking
0.10%--Personal Platinum Rewards Checking - Non Qualifying

Farmers & Merchants Bank CD Rates

1.26%$1k-60 Month CD
0.90%$1k-48 Month CD
0.70%$1k-36 Month CD
0.55%$1k-30 Month CD
0.45%$1k-24 Month CD
0.40%$1k-18 Month CD
0.40%$1k-15 Month CD Special
0.25%$1k-12 Month CD
0.20%$1k-6 Month CD

Farmers & Merchants Bank IRA Rates

1.26%$1k-60 Month IRA
0.90%$1k-48 Month IRA
0.70%$1k-36 Month IRA
0.55%$1k-30 Month IRA
0.45%$1k-24 Month IRA
0.40%$1k-18 Month IRA
0.25%$1k-12 Month IRA
0.20%$1k-6 Month IRA

Farmers & Merchants Bank Locations
Bridgewater Branch100 Plaza DriveBridgewater, VA 22812
Port Road Branch1085 Port Republic RoadHarrisonburg, VA 22801
Edinburg Branch120 South Main StreetEdinburg, VA 22824
Elkton Branch127 Rockingham StreetElkton, VA 22827
Woodstock Branch161 South Main StreetWoodstock, VA 22664
Farmers & Merchants Bank205 S. Main St.Timberville, VA 22853
Luray Branch700 East Main StreetLuray, VA 22835
Crossroads Branch80 Cross Keys RoadHarrisonburg, VA 22801
Broadway Avenue BranchSt. Hwy 259 & St. Hwy 259 AlternateBroadway, VA 22815