Farmers & Merchants Bank

Farmers & Merchants Bank is headquartered in Timberville and is the 35^th largest bank in the state of Virginia. It is also the 1,182^nd largest bank in the nation. It was established in 1908 and as of September of 2011, it had grown to 119 employees at 9 locations. Farmers & Merchants Bank has a 3-star health rating.

Farmers & Merchants Bank Routing Number: 051404419

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2010

• 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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Data for Q3 2011

Institution Statistics Farmers & Merchants Bank FDIC Certificate # 8668 BankRate Report View Year Established 1908 Employees 119 Primary Regulator FED Assets and Liabilities Assets $566.28 million Loans $510.87 million Deposits $445.81 million Equity Capital $45.62 million Loan Loss Allowance $6.84 million Unbacked Noncurrent Loans $12.33 million Real Estate Owned $3.14 million Historic Data - September 2010 Assets $539.35 million Equity Capital $42.41 million Loan Loss Allowance $5.20 million Unbacked Noncurrent Loans $9.50 million Real Estate Owned $1.79 million Profit Margin - Quarterly Net Interest Margin 3.87% Return on Assets 0.86% Return on Equity 10.65% Interest Income $20.56 million

Institution Health Overall Score: 3 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 September 30, 2011 Farmers & Merchants Bank had $15.47 million in non-current loans and owned real-estate with $52.47 million in equity and loan loss allowances on hand to cover it. This gives Farmers & Merchants Bank a Texas Ratio of 29.48% 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 increased slightly from 23.70% as of September 30, 2010 to 29.48% as of September 30, 2011, resulting in a negative change of 24.39%. This indicates that the balance sheet and financial strength for Farmers & Merchants Bank has declined slightly in recent periods. Deposit Growth In the past year, Farmers & Merchants Bank has increased its total deposits by $20.37 million, resulting in 4.79% 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 $566.28 million in assets with $52.47 million in equity, resulting in a capitalization level of 9.27%, which is average.

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