Farmers and Mechanics Federal


Overview / Commentary
812-384-4473
225 East Main Street
Bloomfield, IN 47424

Farmers and Mechanics Federal is headquartered in BLOOMFIELD and is the 82nd largest bank in the state of Indiana. It is also the 3,626th largest bank in the nation. It was established in 1892 and as of September of 2024, it had grown to 17 employees at 4 locations. Farmers and Mechanics Federal has a C+ health rating.

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Health
C+
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 negative return on equity.

Health Grade Components

Overall
FDIC Certificate #28478
Year Established1892
Employees17
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD-0.82%
Return on Equity - YTD-14.3%
Annual Interest Income$4MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$125.5MM$126MM
LoansQ3 2024vs Q3 2023$63.8MM$64.2MM
DepositsQ3 2024vs Q3 2023$110.3MM$100.3MM
Equity CapitalQ3 2024vs Q3 2023$7.7MM$5.7MM
Loan Loss AllowanceQ3 2024vs Q3 2023$265K$261K
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$1MM$264K
Real Estate OwnedQ3 2024vs Q3 2023$0$0
Rates

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Locations


Farmers and Mechanics Federal Locations
Farmers and Mechanics Federal Savings and Loan Ass225 E Main StBloomfield, 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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