Farmers and Merchants Bank is headquartered in Piedmont and is the 49th largest bank in the state of Alabama. It is also the 2,605th largest bank in the nation. It was established in 1915 and as of March of 2020, it had grown to 50 employees at 4 locations. Farmers and Merchants Bank has an A+ health rating.
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.
Data as of Q1 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 1735 |
| Year Established | 1915 |
| Employees | 50 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.97% |
| Return on Equity - YTD | 7.56% |
| Annual Interest Income | $2.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2020vs Q1 2019 | $234.5MM$221.7MM |
| Loans | Q1 2020vs Q1 2019 | $128.9MM$122.0MM |
| Deposits | Q1 2020vs Q1 2019 | $200.9MM$190.0MM |
| Equity Capital | Q1 2020vs Q1 2019 | $31.5MM$29.7MM |
| Loan Loss Allowance | Q1 2020vs Q1 2019 | $1.5MM$1.4MM |
| Unbacked Noncurrent Loans | Q1 2020vs Q1 2019 | $186.00K$1.5MM |
| Real Estate Owned | Q1 2020vs Q1 2019 | $375.00K$230.00K |