Farmers and Merchants Bank

TODAY'S FEATURED RATES

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Overview / Commentary

www.fandm.bank

256-447-9041

112 East Ladiga Street
Piedmont, AL 36272

Farmers and Merchants Bank is headquartered in PIEDMONT and is the 50^th largest bank in the state of Alabama. It is also the 2,452^nd 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

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	1735
Year Established	1915
Employees	54
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.79%
Return on Equity - YTD	8.83%
Annual Interest Income	$3.5MM

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$311.5MM$283MM
Loans	Q1 2025vs Q1 2024	$142.1MM$135.4MM
Deposits	Q1 2025vs Q1 2024	$281.3MM$256.5MM
Equity Capital	Q1 2025vs Q1 2024	$28.1MM$24.6MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$2MM$2.1MM
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$365K$538K
Real Estate Owned	Q1 2025vs Q1 2024	$0$778K

TODAY'S FEATURED RATES

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

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Savings
Checking
CD
IRA

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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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.25%	$0	-	Savings Account
0.25%	$0	-	Business Savings Account

Farmers and Merchants Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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 Bank	112 E Ladiga St	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

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