Farmers and Merchants Bank
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 1.51% | 5-year CD | 3.00% - Discover Bank 5 Year CD |
| 0.75% | 1-year CD | 2.65% - Discover Bank 12 Month CD |
| 0.12% | Savings | 2.20% - Barclays Online Savings Account |
Farmers and Merchants Bank is headquartered in Piedmont and is the 53rd largest bank in the state of Alabama. It is also the 2,694th largest bank in the nation. It was established in 1915 and as of December of 2018, it had grown to 49 employees at 4 locations. Farmers and Merchants Bank has an A+ health rating.
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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 Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 1735 |
| Year Established | 1915 |
| Employees | 49 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.86% |
| Return on Equity - YTD | 6.68% |
| Annual Interest Income | $8.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $223.8MM$212.7MM |
| Loans | Q4 2018vs Q4 2017 | $119.1MM$107.6MM |
| Deposits | Q4 2018vs Q4 2017 | $193.2MM$181.0MM |
| Equity Capital | Q4 2018vs Q4 2017 | $28.3MM$27.8MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $1.4MM$1.2MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $1.2MM$94.00K |
| Real Estate Owned | Q4 2018vs Q4 2017 | $94.00K$263.00K |
Always verify rates and promotions with the bank or credit union. We are not Farmers and Merchants Bank; we are a rate comparison website and cannot provide official rates or promotions.
* 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.12% | $100 | - | Savings Account |
Farmers and Merchants Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.22%* | $50k* | - | Wall Street MM | ||
| OTHER TIERS: 0.12% → Up to $50k | |||||
Farmers and Merchants Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.22%* | $10k* | - | Prime Investment Checking | ||
| OTHER TIERS: 0.03% → $1k - $1.5k | 0.07% → $1.5k - $10k | |||||
| 0.22%* | $50k* | - | Wall Street Checking | ||
| OTHER TIERS: 0.12% → Up to $50k | |||||
| 0.12% | $1.5k | - | NOW Account | ||
Farmers and Merchants Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.51% | $1k | - | 5 Year CD | |
| 1.00% | $1k | - | 4 Year CD | |
| 0.90% | $1k | - | 3 Year CD | |
| 0.85% | $1k | - | 30 Month CD | |
| 0.80% | $1k | - | 2 Year CD | |
| 0.75% | $1k | - | 1 Year CD | |
| 0.45% | $1k | - | 6 Month CD | |
| 0.45% | $1k | - | 18 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.51% | $1k | - | 5 Year IRA | |
| 1.00% | $1k | - | 4 Year IRA | |
| 0.90% | $1k | - | 3 Year IRA | |
| 0.85% | $1k | - | 30 Month IRA | |
| 0.80% | $1k | - | 2 Year IRA | |
| 0.75% | $1k | - | 1 Year IRA | |
| 0.45% | $1k | - | 6 Month IRA | |
| 0.45% | $1k | - | 18 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 Bank | 112 East Ladiga Street | Piedmont, AL 36272 |
| Jacksonville Branch | 1130 South Pelham Road | Jacksonville, AL 36265 |
| Anniston Branch | 1429 Quintard Avenue | Anniston, AL 36201 |
| Oxford Branch | 35 Ali Way | Oxford, AL 36203 |