Farmers and Merchants Bank


Overview / Commentary
256-447-9041
112 East Ladiga Street
Piedmont, AL 36272

Farmers and Merchants Bank is headquartered in PIEDMONT and is the 50th largest bank in the state of Alabama. It is also the 2,452nd largest bank in the nation. It was established in 1915 and as of March of 2025, it had grown to 54 employees at 5 locations. Farmers and Merchants Bank's CD rates are 4X the national average, and it has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #1735
Year Established1915
Employees54
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.79%
Return on Equity - YTD8.83%
Annual Interest Income$3.5MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$311.5MM$283MM
LoansQ1 2025vs Q1 2024$142.1MM$135.4MM
DepositsQ1 2025vs Q1 2024$281.3MM$256.5MM
Equity CapitalQ1 2025vs Q1 2024$28.1MM$24.6MM
Loan Loss AllowanceQ1 2025vs Q1 2024$2MM$2.1MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$365K$538K
Real Estate OwnedQ1 2025vs Q1 2024$0$778K
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 Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$0-Savings Account
0.25%$0-Business Savings Account

Farmers and Merchants Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$10k*-Prime Investment Checking
OTHER TIERS: 0.10% $1k - $1.5k | 0.15% $1.5k - $10k
0.30%*$50k*-Wall Street Checking
OTHER TIERS: 0.25% $0 - $50k
0.25%$0-NOW Account

Farmers and Merchants Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.80%$1k-6 Month CD Special
3.29%$1k-1 Year CD
3.03%$1k-5 Year CD
2.78%$1k-4 Year CD
2.52%$1k-3 Year CD
2.27%$1k-18 Month CD
2.27%$1k-30 Month CD
2.02%$1k-2 Year CD
0.50%$1k-90 Day CD
0.10%$1k-60 Day CD
0.05%$1k-30 Day CD

Farmers and Merchants Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.80%$1k-6 Month IRA Special
3.29%$1k-1 Year IRA
3.03%$1k-5 Year IRA
2.78%$1k-4 Year IRA
2.52%$1k-3 Year IRA
2.27%$1k-18 Month IRA
2.27%$1k-30 Month IRA
2.02%$1k-2 Year IRA
0.50%$1k-90 Day IRA
0.10%$1k-60 Day IRA
0.05%$1k-30 Day IRA
Locations


Farmers and Merchants Bank Locations
Farmers and Merchants Bank112 E Ladiga StPiedmont, 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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