Farmers and Merchants Bank (MD) is headquartered in UPPERCO and is the 12th largest bank in the state of Maryland. It is also the 1,229th largest bank in the nation. It was established in 1919 and as of March of 2025, it had grown to 97 employees at 9 locations. Farmers and Merchants Bank (MD)'s money market rates are 8X the national average, and it has a B health rating.
Overall | |
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FDIC Certificate # | 1895 |
Year Established | 1919 |
Employees | 97 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 0.59% |
Return on Equity - YTD | 7.28% |
Annual Interest Income | $9.9MM |
Assets and Liabilities | ||
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Assets | Q1 2025vs Q1 2024 | $817.2MM$794.4MM |
Loans | Q1 2025vs Q1 2024 | $600.3MM$537.1MM |
Deposits | Q1 2025vs Q1 2024 | $736.6MM$657.4MM |
Equity Capital | Q1 2025vs Q1 2024 | $68.7MM$65.2MM |
Loan Loss Allowance | Q1 2025vs Q1 2024 | $4.3MM$4.3MM |
Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $2.6MM$655K |
Real Estate Owned | Q1 2025vs Q1 2024 | $1.2MM$1.2MM |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.10%* | $1k* | - | Health Savings | ||
OTHER TIERS: 0.05% → $0 - $1k | |||||
0.05% | $0 | - | Savings Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.05% | $1k | - | Prime of Your Life Checking Account | |
0.03% | $600 | - | NOW Checking Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
1.00% | $500 | - | 12 Month IRA | |
0.60% | $500 | - | 60 Month IRA | |
0.50% | $500 | - | 18 Month IRA | |
0.50% | $500 | - | 24 Month IRA | |
0.50% | $500 | - | 30 Month IRA | |
0.45% | $500 | - | 6 Month IRA | |
0.35% | $500 | - | 3 Month IRA |
Farmers and Merchants Bank (MD) Locations | ||
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Farmers and Merchants Bank | 15226 Hanover Pike | Upperco, MD 21155 |
Greenmount Branch | 2320 Hanover Pike | Hampstead, MD 21074 |
Reisterstown Branch | 25 Westminster Pike, P.o. Box 249 | Reisterstown, MD 21136 |
Westminster Branch | 275 Clifton Road | Westminster, MD 21157 |
Hampstead Branch | 735 Hanover Pike | Hampstead, MD 21074 |
Owings Mills Branch | 9320 Lakeside Blvd, P.o. Box 409 | Owings Mills, MD 21117 |
Carroll Lutheran Village Branch | 205 St. Mark Way | Westminster, MD 21158 |
Carroll Community Bank Branch | 1321 Liberty Road | Sykesville, MD 21784 |