Farmers and Merchants Bank (MD)

Overview / Commentary

www.fmb1919.bank

410-833-6600

15226 Hanover Road
Upperco, MD 21155

Farmers and Merchants Bank (MD) is headquartered in UPPERCO and is the 15^th largest bank in the state of Maryland. It is also the 1,278^th largest bank in the nation. It was established in 1919 and as of March of 2023, it had grown to 93 employees at 8 locations. Farmers and Merchants Bank (MD)'s CD rates are 3X the national average, and it has a B+ health rating.

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Health

B+

Data as of Q1 2023

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Health Grade Components

Overall
FDIC Certificate #	1895
Year Established	1919
Employees	93
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.12%
Return on Equity - YTD	12.82%
Annual Interest Income	$7.1MM

Assets and Liabilities
Assets	Q1 2023vs Q1 2022	$722.6MM$718.6MM
Loans	Q1 2023vs Q1 2022	$520.8MM$484.2MM
Deposits	Q1 2023vs Q1 2022	$638.9MM$636.6MM
Equity Capital	Q1 2023vs Q1 2022	$64.4MM$67.1MM
Loan Loss Allowance	Q1 2023vs Q1 2022	$4.7MM$3.7MM
Unbacked Noncurrent Loans	Q1 2023vs Q1 2022	$656.00K$5.0MM
Real Estate Owned	Q1 2023vs Q1 2022	$1.2MM$1.2MM

Rates

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Savings
Money Market
Checking
CD
IRA

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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 (MD) Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.10%^*	$1k^*	-	Health Savings
OTHER TIERS: 0.05% → Any amount
0.05%	-	-	Savings Account
0.05%	-	-	Vacation Club Account
0.05%	-	-	Holiday Club Account

Farmers and Merchants Bank (MD) Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.60%^*	$250k^*	-	Money Market Account
OTHER TIERS: 0.03% → Up to $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% → Up to $100k \| 0.40% → $100k - $250k

Farmers and Merchants Bank (MD) Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
4.75%	$500	-	7 Month CD Special
4.75%	$500	-	Business 7 Month CD Special
4.25%	$500	-	10 Month CD Special
4.25%	$500	-	Business 10 Month CD Special
2.50%	$500	-	18 Month CD
2.50%	$500	-	Business 18 Month CD
2.25%	$500	-	12 Month CD
2.25%	$500	-	Business 12 Month CD
1.75%	$500	-	60 Month CD
1.75%	$500	-	Business 60 Month CD
1.50%	$500	-	24 Month CD
1.50%	$500	-	Business 24 Month CD
1.25%	$500	-	30 Month CD
1.25%	$500	-	Business 30 Month CD
1.01%	$500	-	6 Month CD
1.01%	$500	-	Business 6 Month CD
0.50%	$500	-	3 Month CD
0.50%	$500	-	Business 3 Month CD

Farmers and Merchants Bank (MD) IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.50%	$100	-	18 Month IRA
2.25%	$100	-	12 Month IRA
1.75%	$100	-	60 Month IRA
1.50%	$100	-	24 Month IRA
1.25%	$100	-	30 Month IRA
1.01%	$100	-	6 Month IRA
0.50%	$100	-	3 Month IRA

Locations

Farmers and Merchants Bank (MD) Locations
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

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