Farmers and Merchants Bank (MD)

Overview / Commentary
15226 Hanover Road
Upperco, MD 21155

Farmers and Merchants Bank (MD) is headquartered in UPPERCO and is the 13th largest bank in the state of Maryland. It is also the 1,235th largest bank in the nation. It was established in 1919 and as of March of 2024, it had grown to 100 employees at 8 locations. Farmers and Merchants Bank (MD)'s CD rates are 39% higher than the national average, and it has a B+ health rating.


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Health Grade Components

FDIC Certificate #1895
Year Established1919
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.65%
Return on Equity - YTD8.03%
Annual Interest Income$9.1MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$794.4MM$722.6MM
LoansQ1 2024vs Q1 2023$537.1MM$520.9MM
DepositsQ1 2024vs Q1 2023$657.4MM$638.9MM
Equity CapitalQ1 2024vs Q1 2023$65.2MM$64.4MM
Loan Loss AllowanceQ1 2024vs Q1 2023$4.3MM$4.6MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$655K$656K
Real Estate OwnedQ1 2024vs Q1 2023$1.2MM$1.2MM
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Always verify rates and promotions with the bank or credit union. We are not Farmers and Merchants Bank (MD); we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Farmers and Merchants Bank (MD) Savings Account Rates

0.10%*$0-Health Savings
OTHER TIERS: 0.05% $1k+
0.05%$0-Savings Account
0.05%$0-Vacation Club Account
0.05%$0-Holiday Club Account

Farmers and Merchants Bank (MD) Money Market Rates

0.60%*$250k*-Money Market Account
OTHER TIERS: 0.03% $0 - $2.5k | 0.05% $2.5k - $10k | 0.07% $10k - $25k | 0.25% $25k - $100k | 0.40% $100k - $250k
0.60%*$250k*-Jumbo Money Market Account
OTHER TIERS: 0.10% $0 - $100k | 0.40% $100k - $250k

Farmers and Merchants Bank (MD) Checking Account Rates

0.05%*$1k*-Super NOW Checking Account
OTHER TIERS: 0.03% $600 - $1k
0.05%$1k-Prime of Your Life Checking Account
0.03%$600-NOW Checking Account

Farmers and Merchants Bank (MD) CD Rates

5.00%$500-7 Month CD Special
5.00%$500-Business 7 Month CD Special
1.25%$500-12 Month CD
1.25%$500-Business 12 Month CD
0.70%$500-60 Month CD
0.70%$500-Business 60 Month CD
0.65%$500-30 Month CD
0.65%$500-Business 30 Month CD
0.60%$500-18 Month CD
0.60%$500-24 Month CD
0.60%$500-Business 18 Month CD
0.60%$500-Business 24 Month CD
0.45%$500-6 Month CD
0.45%$500-Business 6 Month CD
0.35%$500-3 Month CD
0.35%$500-Business 3 Month CD

Farmers and Merchants Bank (MD) IRA Rates

1.25%$100-12 Month IRA
0.70%$100-60 Month IRA
0.65%$100-30 Month IRA
0.60%$100-18 Month IRA
0.60%$100-24 Month IRA
0.45%$100-6 Month IRA
0.35%$100-3 Month IRA

Farmers and Merchants Bank (MD) Locations
Farmers and Merchants Bank15226 Hanover PikeUpperco, MD 21155
Greenmount Branch2320 Hanover PikeHampstead, MD 21074
Reisterstown Branch25 Westminster Pike, P.o. Box 249Reisterstown, MD 21136
Westminster Branch275 Clifton RoadWestminster, MD 21157
Hampstead Branch735 Hanover PikeHampstead, MD 21074
Owings Mills Branch9320 Lakeside Blvd, P.o. Box 409Owings Mills, MD 21117
Carroll Lutheran Village Branch205 St. Mark WayWestminster, MD 21158
Carroll Community Bank Branch1321 Liberty RoadSykesville, MD 21784

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