Farmers and Mechanics Federal

Overview / Commentary
225 East Main Street
Bloomfield, IN 47424

Farmers and Mechanics Federal is headquartered in Bloomfield and is the 86th largest bank in the state of Indiana. It is also the 4,121st largest bank in the nation. It was established in 1892 and as of June of 2021, it had grown to 22 employees at 3 locations. Farmers and Mechanics Federal has an A+ health rating.


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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Farmers and Mechanics Federal has a relatively low asset base.

Health Grade Components

FDIC Certificate #28478
Year Established1892
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0%
Return on Equity - YTD0.02%
Annual Interest Income$1.3MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$95.3MM$79.2MM
LoansQ2 2021vs Q2 2020$42.1MM$38.8MM
DepositsQ2 2021vs Q2 2020$77.9MM$63.3MM
Equity CapitalQ2 2021vs Q2 2020$12.0MM$12.8MM
Loan Loss AllowanceQ2 2021vs Q2 2020$151.00K$137.00K
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$0$0
Real Estate OwnedQ2 2021vs Q2 2020$0$0
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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 Mechanics Federal Savings Account Rates

0.50%*$250k*-Statement Savings Account
OTHER TIERS: 0.05% $1 - $1k | 0.07% $1k - $5k | 0.10% $5k - $25k | 0.20% $25k - $100k | 0.35% $100k - $250k
0.50%*$250k*-E Account
OTHER TIERS: 0.05% $1 - $1k | 0.07% $1k - $5k | 0.10% $5k - $25k | 0.20% $25k - $100k | 0.35% $100k - $250k
0.10%$1-Holiday Club Account

Farmers and Mechanics Federal Checking Account Rates

0.50%*$250k*-Checking Plus
OTHER TIERS: 0.05% $1 - $1k | 0.07% $1k - $5k | 0.10% $5k - $25k | 0.20% $25k - $100k | 0.35% $100k - $250k

Farmers and Mechanics Federal CD Rates

1.15%$500-10 Year CD
0.80%$500-6 Year CD
0.50%$500-4 Year CD
0.30%$500-30 Month CD
0.15%$2.5k-1 Year CD
0.10%$7.5k-91 Day CD
0.10%$5k-182 Day CD

Farmers and Mechanics Federal IRA Rates

0.20%$100-18 Month IRA Special

Farmers and Mechanics Federal Locations
Farmers and Mechanics Federal Savings and Loan Ass225 East Main StreetBloomfield, IN 47424
3535 W Third St Branch3535 West Third StreetBloomington, IN 47404
Farmers And Mechanics Federal Easter1224 N. State Road 45Bloomfield, IN 47424

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