Farmers & Merchants State Bank

Farmers & Merchants State Bank Locations
P.O. Box 216
Archbold, OH 43502
419-446-2501
www.fm-bank.com

Farmers & Merchants State Bank is headquartered in Archbold and is the 21st largest bank in the state of Ohio. It is also the 737th largest bank in the nation. It was established in 1897 and as of September of 2011, it had grown to 246 employees at 20 locations. Farmers & Merchants State Bank has a 4-star health rating.

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3.36% Reward Checking Account in Ohio and Indiana at Farmers & Merchants State Bank - 4/17/2008

Update 11/07/09: The top yield has fallen to 3.36% APY. Refer to the bottom of the post for the rate history.Farmers & Merchants State Bank has a reward checking account that pays 3.36% APY on balances up to $25,000 (0.81% for above) and refunds ATM...



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See Rates for: Checking | CD | IRA

Farmers & Merchants State Bank Checking Account Rates

ApyMinMaxProduct
2.50%-$20kKasasa Cash

Farmers & Merchants State Bank CD Rates

ApyMinMaxProduct
1.79%†$100k-58 Month CD Special
1.32%†$100k-38 Month CD Special
1.30%†$100k-48 Month CD
1.17%†$100k-36 Month CD
0.87%†$100k-30 Month CD
0.86%†$2,500-60 Month CD
0.70%†$100k-24 Month CD
0.69%†$100k-18 Month CD
0.56%†$100k-15 Month CD
0.48%†$100k-12 Month CD
0.26%†$100k-182 Day CD
0.18%†$100k-91 Day CD

Farmers & Merchants State Bank IRA Rates

ApyMinMaxProduct
1.30%†$100k-48 Month IRA
1.30%†$100k-48 Month Roth IRA
1.30%†$100k-48 Month CESA
1.17%†$100k-36 Month IRA
1.17%†$100k-36 Month Roth IRA
1.17%†$100k-36 Month CESA
0.87%†$100k-30 Month IRA
0.87%†$100k-30 Month Roth IRA
0.87%†$100k-30 Month CESA
0.86%†$2,500-60 Month IRA
0.86%†$2,500-60 Month Roth IRA
0.86%†$2,500-60 Month CESA
0.70%†$100k-24 Month IRA
0.70%†$100k-24 Month Roth IRA
0.70%†$100k-24 Month CESA
0.69%†$100k-18 Month IRA
0.69%†$100k-18 Month Roth IRA
0.69%†$100k-18 Month CESA
0.56%†$100k-15 Month IRA
0.56%†$100k-15 Month Roth IRA
0.56%†$100k-15 Month CESA
0.48%†$100k-12 Month IRA
0.48%†$100k-12 Month Roth IRA
0.48%†$100k-12 Month CESA
0.26%†$100k-182 Day IRA
0.26%†$100k-182 Day Roth IRA
0.26%†$100k-182 Day CESA
0.18%†$100k-91 Day IRA
0.18%†$100k-91 Day Roth IRA
0.18%†$100k-91 Day CESA

Rates updated: 2/11/2012

Data for Q3 2011


Institution Statistics


The Farmers & Merchants State Bank
FDIC Certificate #5969
BankRate ReportView
Year Established1897
Employees246
Primary RegulatorFDIC

Assets and Liabilities

Assets$907.71 million
Loans$500.33 million
Deposits$720.53 million
Equity Capital$88.11 million
Loan Loss Allowance$5.14 million
Unbacked Noncurrent Loans$6.70 million
Real Estate Owned$3.86 million

Historic Data - September 2010

Assets$899.25 million
Equity Capital$81.18 million
Loan Loss Allowance$7.01 million
Unbacked Noncurrent Loans$12.00 million
Real Estate Owned$2.55 million

Profit Margin - Quarterly

Net Interest Margin3.24%
Return on Assets0.81%
Return on Equity8.93%
Interest Income$27.36 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio4
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 State Bank had $10.55 million in non-current loans and owned real-estate with $93.25 million in equity and loan loss allowances on hand to cover it. This gives Farmers & Merchants State Bank a Texas Ratio of 11.32% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Farmers & Merchants State Bank decreased slightly from 16.50% as of September 30, 2010 to 11.32% as of September 30, 2011, resulting in a positive change of 31.44%.This indicates that the balance sheet and financial strength for Farmers & Merchants State Bank has improved slightly in recent periods.
Deposit Growth4
In the past year, Farmers & Merchants State Bank has increased its total deposits by $7.21 million, resulting in 1.01% 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 State Bank has shown is above average.
Capitalization4
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 State Bank has $907.71 million in assets with $93.25 million in equity, resulting in a capitalization level of 10.27%, which is above average.
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