Mechanics and Farmers Bank

2634 Durham Chapel Hill Boulevard
Durham, NC 27707
919-687-7800
www.mfbonline.com

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Mechanics and Farmers Bank (M&F Bank) is an independent bank committed to meeting the financial services needs of the communities they serve. Their motivated and dedicated employees will provide quality service to all customers, promoting personal and community development while continuing its tradition of serving those who historically have been underserved

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

Mechanics and Farmers Bank Checking Account Rates

Apy	Min	Max	Product
0.15%	$25k	-	Prestige Gold Checking Account
0.10%	$10k	-	Interest Checking Accounts
0.10%	$1k	-	Commercial N.O.W. Accounts
0.10%	$5k	-	Prestige Silver Checking Account
0.10%	$1k	-	Public Funds Commercial N.O.W. Accounts

Mechanics and Farmers Bank Savings Account Rates

Apy	Min	Max	Product
0.25%	$100	-	Fixed Rate IRA Savings
0.10%	$1m	-	Savings Account
0.10%	$1m	-	Business Savings Account

Mechanics and Farmers Bank Money Market Rates

	Apy	Min	Max	Product
	0.15%	$25k	-	Money Market Investment

Mechanics and Farmers Bank CD Rates

Apy	Min	Max	Product
0.90%	$100k	-	60 Month Plus CD
0.90%	$100k	-	Business 60 Month Plus CD
0.65%	$100k	-	48 - 59 Month CD
0.65%	$100k	-	Business 48 - 59 Month CD
0.40%	$100k	-	36 - 47 Month CD
0.40%	$100k	-	Business 36 - 47 Month CD
0.25%	$100k	-	24 - 35 Month CD
0.25%	$100k	-	Business 24 - 35 Month CD
0.15%	$50k	-	12 - 17 Month CD
0.15%	$10k	-	18 - 23 Month CD
0.15%	$50k	-	Business 12 - 17 Month CD
0.15%	$10k	-	Business 18 - 23 Month CD
0.10%	$1k	-	180 - 269 Day CD
0.10%	$1k	-	270 - 364 Day CD
0.10%	$1k	-	Business 180 - 269 Day CD
0.10%	$1k	-	Business 270 - 364 Day CD
0.03%	$1k	-	90 - 179 Day CD
0.03%	$1k	-	Business 90 - 179 Day CD
0.02%	$1k	-	7 - 31 Day CD
0.02%	$1k	-	32 - 89 Day CD
0.02%	$1k	-	Business 7 - 31 Day CD
0.02%	$1k	-	Business 32 - 89 Day CD

Rates updated: 2/8/2012

Data for Q3 2011

Institution Statistics

Mechanics & Farmers Bank
FDIC Certificate #	12266
BankRate Report	View
Year Established	1908
Employees	77
Primary Regulator	FDIC
Assets and Liabilities
Assets	$303.63 million
Loans	$190.57 million
Deposits	$262.74 million
Equity Capital	$34.63 million
Loan Loss Allowance	$4.28 million
Unbacked Noncurrent Loans	$15.44 million
Real Estate Owned	$2.41 million
Historic Data - September 2010
Assets	$304.75 million
Equity Capital	$33.48 million
Loan Loss Allowance	$3.83 million
Unbacked Noncurrent Loans	$10.96 million
Real Estate Owned	$1.71 million
Profit Margin - Quarterly
Net Interest Margin	3.85%
Return on Assets	0.31%
Return on Equity	2.81%
Interest Income	$9.25 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 Mechanics and Farmers Bank had $17.85 million in non-current loans and owned real-estate with $38.92 million in equity and loan loss allowances on hand to cover it. This gives Mechanics and Farmers Bank a Texas Ratio of 45.87% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Mechanics and Farmers Bank increased slightly from 33.84% as of September 30, 2010 to 45.87% as of September 30, 2011, resulting in a negative change of 35.56%. This indicates that the balance sheet and financial strength for Mechanics and Farmers Bank has declined slightly in recent periods.
Deposit Growth
In the past year, Mechanics and Farmers Bank has decreased its total deposits by -$2.1 million, resulting in -0.79% 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 Mechanics and Farmers Bank has shown is 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. Mechanics and Farmers Bank has $303.63 million in assets with $38.92 million in equity, resulting in a capitalization level of 12.82%, which is excellent.

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