Farmers and Mechanics Federal

Overview / Commentary
225 East Main Street
Bloomfield, IN 47424

Farmers and Mechanics Federal is headquartered in Bloomfield and is the 94th largest bank in the state of Indiana. It is also the 4,375th largest bank in the nation. It was established in 1892 and as of December of 2019, it had grown to 13 employees at 2 locations. Farmers and Mechanics Federal's savings rates are 92% higher than the national average, and it has a B+ 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 - YTD0.22%
Return on Equity - YTD1.29%
Annual Interest Income$2.3MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$74.2MM$73.9MM
LoansQ4 2019vs Q4 2018$26.1MM$27.7MM
DepositsQ4 2019vs Q4 2018$61.1MM$61.5MM
Equity CapitalQ4 2019vs Q4 2018$13.0MM$12.3MM
Loan Loss AllowanceQ4 2019vs Q4 2018$109.00K$109.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$98.00K$26.00K
Real Estate OwnedQ4 2019vs Q4 2018$1,000$85.00K
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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

1.00%*$250k*-Statement Savings Account
OTHER TIERS: 0.05% $1 - $1k | 0.10% $1k - $5k | 0.20% $5k - $25k | 0.30% $25k - $100k | 0.55% $100k - $250k
1.00%*$250k*-E Account
OTHER TIERS: 0.05% $1 - $1k | 0.10% $1k - $5k | 0.20% $5k - $25k | 0.30% $25k - $100k | 0.55% $100k - $250k
0.20%$1-Holiday Club Account
0.10%$10-Passbook Savings Account

Farmers and Mechanics Federal Checking Account Rates

1.00%*$250k*-Super Now Checking Account
OTHER TIERS: 0.05% $1 - $1k | 0.10% $1k - $5k | 0.20% $5k - $25k | 0.30% $25k - $100k | 0.55% $100k - $250k
0.05%$1-Now Checking Account

Farmers and Mechanics Federal CD Rates

1.41%$500-10 Year CD
1.25%$500-6 Year CD
1.15%$2.5k-4 Year CD Special
0.90%$500-4 Year CD
0.55%$500-30 Month CD
0.35%$2.5k-1 Year CD
0.10%$7.5k-91 Day CD
0.10%$5k-182 Day CD

Farmers and Mechanics Federal IRA Rates

0.35%$100-18 Month IRA Certificate 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

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