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 4,461st largest bank in the nation. It was established in 1892 and as of June of 2019, it had grown to 14 employees at 2 locations. Farmers and Mechanics Federal's CD rates are 2X 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 - YTD0.19%
Return on Equity - YTD1.1%
Annual Interest Income$1.1MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$73.9MM$76.6MM
LoansQ2 2019vs Q2 2018$26.1MM$28.1MM
DepositsQ2 2019vs Q2 2018$60.9MM$64.5MM
Equity CapitalQ2 2019vs Q2 2018$13.0MM$12.1MM
Loan Loss AllowanceQ2 2019vs Q2 2018$109.00K$109.00K
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$313.00K$89.00K
Real Estate OwnedQ2 2019vs Q2 2018$85.00K$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

0.50%*$100k*-Statement Savings Account
OTHER TIERS: 0.10% $1 - $1k | 0.15% $1k - $5k | 0.20% $5k - $25k | 0.30% $25k - $100k
0.50%*$100k*-E Account
OTHER TIERS: 0.10% $1 - $1k | 0.15% $1k - $5k | 0.20% $5k - $25k | 0.30% $25k - $100k
0.30%$1-Holiday Club Account
0.20%$10-Passbook Savings Account

Farmers and Mechanics Federal Checking Account Rates

0.50%*$100k*-Super Now Checking Account
OTHER TIERS: 0.10% $1 - $1k | 0.15% $1k - $5k | 0.20% $5k - $25k | 0.30% $25k - $100k
0.10%$1-Now Checking Account

Farmers and Mechanics Federal CD Rates

2.43%$5k-10 Year CD Special
2.28%$500-10 Year CD
2.28%$2.5k-4 Year CD Special
2.17%$2.5k-30 Month CD Special
1.91%$500-6 Year CD
1.91%$10k-12 Month CD Special
1.76%$500-4 Year CD
1.31%$500-30 Month CD
1.01%$2.5k-1 Year CD
0.55%$5k-182 Day CD
0.40%$7.5k-91 Day CD

Farmers and Mechanics Federal IRA Rates

0.80%$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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