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 13^th largest bank in the state of Maryland. It is also the 1,233^rd largest bank in the nation. It was established in 1919 and as of June of 2024, it had grown to 97 employees at 9 locations. Farmers and Merchants Bank (MD)'s money market rates are 9X the national average, and it has a B+ health rating.

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Health

B+

Data as of Q2 2024

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Health Grade Components

Overall
FDIC Certificate #	1895
Year Established	1919
Employees	97
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.62%
Return on Equity - YTD	7.59%
Annual Interest Income	$18.2MM

Assets and Liabilities
Assets	Q2 2024vs Q2 2023	$798.4MM$730.2MM
Loans	Q2 2024vs Q2 2023	$546MM$531MM
Deposits	Q2 2024vs Q2 2023	$652.4MM$633.6MM
Equity Capital	Q2 2024vs Q2 2023	$66.3MM$62.9MM
Loan Loss Allowance	Q2 2024vs Q2 2023	$4.1MM$4.6MM
Unbacked Noncurrent Loans	Q2 2024vs Q2 2023	$404K$659K
Real Estate Owned	Q2 2024vs Q2 2023	$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% → $0 - $1k
0.05%	$0	-	Savings Account

Farmers and Merchants Bank (MD) Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
3.75%^*	$500k^*	-	Local Advantage Money Market
OTHER TIERS: 0.10% → $0 - $100k \| 2.75% → $100k - $200k \| 3.25% → $200k - $500k
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

Farmers and Merchants Bank (MD) Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
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
4.00%	$500	-	6 Month CD Special
4.00%	$500	-	Business 6M CD Special
3.50%	$500	-	13 Month CD Special
3.50%	$500	-	Business 13 Month CD Special
1.25%	$500	-	12 Month CD
1.25%	$500	-	Business 12 Month CD
0.60%	$500	-	60 Month CD
0.60%	$500	-	Business 60 Month CD
0.50%	$500	-	18 Month CD
0.50%	$500	-	24 Month CD
0.50%	$500	-	30 Month CD
0.50%	$500	-	Business 18 Month CD
0.50%	$500	-	Business 24 Month CD
0.50%	$500	-	Business 30 Month CD
0.35%	$500	-	3 Month CD
0.35%	$500	-	Business 3 Month CD

Farmers and Merchants Bank (MD) IRA Rates

APY	MIN	MAX	ACCOUNT NAME
4.00%	$100	-	6 Month IRA
1.25%	$100	-	12 Month IRA
0.60%	$100	-	60 Month IRA
0.50%	$100	-	18 Month IRA
0.50%	$100	-	24 Month IRA
0.50%	$100	-	30 Month IRA
0.35%	$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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