Farmers and Merchants Bank (MD)


Overview / Commentary
410-833-6600
15226 Hanover Road
Upperco, MD 21155

Farmers and Merchants Bank (MD) is headquartered in Upperco and is the 17th largest bank in the state of Maryland. It is also the 1,303rd largest bank in the nation. It was established in 1919 and as of June of 2021, it had grown to 93 employees at 8 locations. Farmers and Merchants Bank (MD) has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #1895
Year Established1919
Employees93
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.05%
Return on Equity - YTD10.6%
Annual Interest Income$12.6MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$707.9MM$504.8MM
LoansQ2 2021vs Q2 2020$518.7MM$385.2MM
DepositsQ2 2021vs Q2 2020$614.4MM$433.0MM
Equity CapitalQ2 2021vs Q2 2020$69.8MM$50.3MM
Loan Loss AllowanceQ2 2021vs Q2 2020$3.4MM$3.1MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$4.4MM$270.00K
Real Estate OwnedQ2 2021vs Q2 2020$1.4MM$0
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 (MD) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%--Sweep Account
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$100k*-Jumbo Money Market Account
OTHER TIERS: 0.10% Up to $100k
0.12%*$100k*-Money Market Account
OTHER TIERS: 0.03% Up to $2.5k | 0.05% $2.5k - $10k | 0.07% $10k - $25k | 0.10% $25k - $100k

Farmers and Merchants Bank (MD) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%$500-60 Month CD
0.30%$500-36 Month CD Special
0.30%$500-Business 36 Month CD Special
0.30%$500-Business 60 Month CD
0.25%$500-30 Month CD
0.25%$500-15 Month CD Special
0.25%$500-Business 15 Month CD Special
0.25%$500-Business 30 Month CD
0.20%$500-24 Month CD
0.20%$500-10 Month CD Special
0.20%$500-Business 10 Month CD Special
0.20%$500-Business 24 Month CD
0.15%$500-18 Month CD
0.15%$500-Business 18 Month CD
0.10%$500-12 Month CD
0.10%$500-Business 12 Month CD
0.05%$500-6 Month CD
0.05%$500-Business 6 Month CD
0.03%$500-3 Month CD
0.03%$500-Business 3 Month CD

Farmers and Merchants Bank (MD) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%$100-60 Month IRA
0.35%$100-30 Month IRA
0.30%$100-24 Month IRA
0.25%$100-18 Month IRA
0.20%$100-12 Month IRA
0.15%$100-6 Month IRA
0.13%$100-3 Month IRA
Locations


Farmers and Merchants Bank (MD) Locations
Carroll Lutheran Village Branch205 St. Mark WayWestminster, MD 21158
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 Community Bank Branch1321 Liberty RoadSykesville, MD 21784

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