2. Farmers and Merchants Bank

Farmers and Merchants Bank

Popular Accounts at this Bank

APYACCOUNT TYPEHOW THEY COMPARE
1.51%5-year CD
2.25% - National Average
0.75%1-year CD
2.75% - Goldman Sachs Bank USA High-yield 12 Month CDAdvertisement
0.12%Savings
2.25% - Goldman Sachs Bank USA High-yield Online Savings AccountAdvertisement
View all Farmers and Merchants Bank rates »

Overview / Commentary
www.f-mbank.com
256-447-9041
112 East Ladiga Street
Piedmont, AL 36272

Farmers and Merchants Bank is headquartered in Piedmont and is the 55th largest bank in the state of Alabama. It is also the 2,733rd largest bank in the nation. It was established in 1915 and as of September of 2018, it had grown to 49 employees at 4 locations. Farmers and Merchants Bank has an A+ health rating.

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Reviews (1)

A Nice Bank

Posted by: hilarystuart | Apr 3, 2017

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.

1


Health
A+

Data as of Q3 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #1735
Year Established1915
Employees49
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.85%
Return on Equity - YTD6.56%
Annual Interest Income$6.3MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$217.8MM$207.4MM
LoansQ3 2018vs Q3 2017$115.2MM$107.2MM
DepositsQ3 2018vs Q3 2017$187.9MM$174.9MM
Equity CapitalQ3 2018vs Q3 2017$27.5MM$28.4MM
Loan Loss AllowanceQ3 2018vs Q3 2017$1.3MM$1.2MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$468.00K$81.00K
Real Estate OwnedQ3 2018vs Q3 2017$178.00K$275.00K
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
0.12%$100-Savings Account

Farmers and Merchants Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.22%*$50k*-Wall Street MM
OTHER TIERS: 0.12% → Up to $50k

Farmers and Merchants Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.22%*$10k*-Prime Investment Checking
OTHER TIERS: 0.03% → $1k - $1.5k | 0.07% → $1.5k - $10k
0.12%$1.5k-NOW Account

Farmers and Merchants Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.06%$1k-53 Month CD Special
2.11%$1k-21 Month CD Special
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

APYMINMAXACCOUNT NAMEVIEW 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
Locations


Farmers and Merchants Bank Locations
Farmers and Merchants Bank112 East Ladiga StreetPiedmont, 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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