Farmers and Merchants Bank
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 0.87% | 5-year CD | 5 Year CD 2.25% - Ally Bank High Yield 5 Year CD |
| 0.30% | 1-year CD | 1 Year CD 1.50% - Ally Bank No Penalty 11-Month CD |
| 0.12% | Savings | Savings Account 1.15% - CIT Bank Spring Savings |
Farmers and Merchants Bank is headquartered in Piedmont and is the 58th largest bank in the state of Alabama. It is also the 2,936th largest bank in the nation. It was established in 1915 and as of March of 2017, it had grown to 47 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 Q1 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 1735 |
| Year Established | 1915 |
| Employees | 47 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.78% |
| Return on Equity - YTD | 5.98% |
| Annual Interest Income | $1.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $205.9MM$192.7MM |
| Loans | Q1 2017vs Q1 2016 | $103.5MM$96.1MM |
| Deposits | Q1 2017vs Q1 2016 | $174.6MM$161.5MM |
| Equity Capital | Q1 2017vs Q1 2016 | $27.4MM$27.3MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $1.2MM$1.2MM |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $203.00K$235.00K |
| Real Estate Owned | Q1 2017vs Q1 2016 | $493.00K$745.00K |
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 | |
|---|---|---|---|---|---|
| 0.17%* | $50k* | - | Money Market | ||
| OTHER TIERS: 0.02% → $1k - $25k | 0.12% → $25k - $50k | |||||
| 0.17%* | $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 | |
|---|---|---|---|---|---|
| 0.17%* | $10k* | - | Prime Investment Checking | ||
| OTHER TIERS: 0.02% → $1,500 - $10k | |||||
| 0.07% | $1,500 | - | NOW Account | ||
Farmers and Merchants Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.87% | $1k | - | 5 Year CD | |
| 0.72% | $1k | - | 4 Year CD | |
| 0.62% | $1k | - | 3 Year CD | |
| 0.52% | $1k | - | 30 Month CD | |
| 0.47% | $1k | - | 2 Year CD | |
| 0.40% | $1k | - | 18 Month CD | |
| 0.30% | $1k | - | 1 Year CD | |
| 0.20% | $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 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 |