Farmers and Merchants Bank

Overview / Commentary
112 East Ladiga Street
Piedmont, AL 36272

Farmers and Merchants Bank is headquartered in Piedmont and is the 44th largest bank in the state of Alabama. It is also the 2,418th largest bank in the nation. It was established in 1915 and as of March of 2022, it had grown to 50 employees at 4 locations. Farmers and Merchants Bank has a B+ health rating.

Reviews (1)

A Nice Bank

I've banked with F&M Bank for several years now and have always been happy with their service. I have both a checking and a savings account with them and pay no monthly fees because I opted to receive e-statements instead of paper statements. The interest rate on the savings account is almost nothing, but otherwise I am happy with my accounts. The staff are always friendly and greet me by name when I come in. Their online web access is convenient and easy to use, so I rarely have to stop by my local branch in person to do my day-to-day transactions. The bill pay feature through online access is nice and most of my bills are paid that way now - it saves me on stamps! Overall, I am very happy with F&M and will continue to use their services.


Health Grade Components

FDIC Certificate #1735
Year Established1915
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.64%
Return on Equity - YTD6.59%
Annual Interest Income$2.4MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$315.8MM$281.3MM
LoansQ1 2022vs Q1 2021$131.8MM$123.6MM
DepositsQ1 2022vs Q1 2021$285.5MM$245.7MM
Equity CapitalQ1 2022vs Q1 2021$28.5MM$33.7MM
Loan Loss AllowanceQ1 2022vs Q1 2021$2.1MM$2.0MM
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$2.9MM$4.1MM
Real Estate OwnedQ1 2022vs Q1 2021$351.00K$255.00K
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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 Savings Account Rates

0.12%--Savings Account
0.12%--Business Savings Account

Farmers and Merchants Bank Checking Account Rates

0.17%*$10k*-Prime Investment Checking
OTHER TIERS: 0.03% $1k - $1.5k | 0.07% $1.5k - $10k
0.17%*$50k*-Wall Street Checking
OTHER TIERS: 0.12% Up to $50k
0.12%--NOW Account

Farmers and Merchants Bank CD Rates

0.85%$1k-5 Year CD
0.75%$1k-4 Year CD
0.55%$1k-3 Year CD
0.45%$1k-30 Month CD
0.40%$1k-2 Year CD
0.30%$1k-18 Month CD
0.25%$1k-1 Year CD
0.15%$1k-6 Month CD
0.10%$1k-90 Day CD
0.07%$1k-60 Day CD
0.02%$1k-30 Day CD

Farmers and Merchants Bank IRA Rates

0.85%$1k-5 Year IRA
0.75%$1k-4 Year IRA
0.55%$1k-3 Year IRA
0.45%$1k-30 Month IRA
0.40%$1k-2 Year IRA
0.30%$1k-18 Month IRA
0.25%$1k-1 Year IRA
0.15%$1k-6 Month IRA
0.10%$1k-90 Day IRA
0.07%$1k-60 Day IRA
0.02%$1k-30 Day IRA

Farmers and Merchants Bank Locations
Farmers and Merchants Bank112 East Ladiga StreetPiedmont, AL 36272
Jacksonville Branch1130 South Pelham RoadJacksonville, AL 36265
Anniston Branch1429 Quintard AvenueAnniston, AL 36201
Oxford Branch35 Ali WayOxford, AL 36203

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