Overview / Commentary
Farmers and Merchants Bank (IN) is headquartered in Laotto and is the 76th largest bank in the state of Indiana. It is also the 3,322nd largest bank in the nation. It was established in 1914 and as of December of 2018, it had grown to 30 employees at 4 locations. Farmers and Merchants Bank (IN) has an A health rating.
Health
A
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 13801 |
| Year Established | 1914 |
| Employees | 30 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.36% |
| Return on Equity - YTD | 13.9% |
| Annual Interest Income | $5.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $158.6MM$150.0MM |
| Loans | Q4 2018vs Q4 2017 | $101.0MM$92.4MM |
| Deposits | Q4 2018vs Q4 2017 | $142.0MM$134.5MM |
| Equity Capital | Q4 2018vs Q4 2017 | $15.6MM$14.5MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $732.00K$692.00K |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $0$0 |
| Real Estate Owned | Q4 2018vs Q4 2017 | $24.00K$91.00K |
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Farmers and Merchants Bank (IN) Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.03% | $1 | - | Christmas Club Account | |
| 0.03% | $5 | - | Tax Time Deposit | |
| 0.03% | $50 | - | Simply Savings |
Farmers and Merchants Bank (IN) Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.47%* | $100k* | - | Platinum Money Market | ||
| OTHER TIERS: 0.35% → $1.5k - $50k | 0.40% → $50k - $100k | |||||
Farmers and Merchants Bank (IN) Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.06%* | $1.5k* | - | Prestige Interest Checking | ||
| OTHER TIERS: 0.01% → Up to $1.5k | |||||
| 0.01% | $50 | - | 50 Advantage Checking | ||
| 0.01% | $50 | - | Easy Interest Checking | ||
Farmers and Merchants Bank (IN) CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.25% | $500 | - | 48 Month CD | |
| 1.00% | $500 | - | 36 Month CD | |
| 0.90% | $500 | - | 24 Month CD | |
| 0.75% | $500 | - | 12 Month CD | |
| 0.50% | $500 | - | 6 Month CD | |
| 0.40% | $5k | - | 3 Year Bump Rate CD | |
| 0.20% | $250 | - | 36 Month Dream Maker CD |
Farmers and Merchants Bank (IN) IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.25% | $500 | - | 48 Month IRA | |
| 1.00% | $500 | - | 36 Month IRA | |
| 0.90% | $500 | - | 24 Month IRA | |
| 0.75% | $500 | - | 12 Month IRA | |
| 0.50% | $500 | - | 6 Month IRA | |
| 0.40% | $5k | - | 36 Month Bump Rate IRA |
Locations
| Farmers and Merchants Bank (IN) Locations | ||
|---|---|---|
| Huntertown Branch | 1615 West Gump Road | Huntertown, IN 46748 |
| Churubusco Branch | 4084 North U.s., Suite B | Churubusco, IN 46723 |
| Farmers & Merchants Bank Branch | 511 Professional Way | Kendallville, IN 46755 |
| Farmers and Merchants Bank | 6464 Merchants Drive | Laotto, IN 46763 |