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 90th largest bank in the state of Indiana. It is also the 4,316th largest bank in the nation. It was established in 1892 and as of June of 2020, it had grown to 17 employees at 2 locations. Farmers and Mechanics Federal has an A+ health rating.

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Health
A+
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

Overall
FDIC Certificate #28478
Year Established1892
Employees17
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD-1.71%
Return on Equity - YTD-9.95%
Annual Interest Income$1.0MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$79.2MM$73.9MM
LoansQ2 2020vs Q2 2019$38.8MM$26.1MM
DepositsQ2 2020vs Q2 2019$63.3MM$60.9MM
Equity CapitalQ2 2020vs Q2 2019$12.8MM$13.0MM
Loan Loss AllowanceQ2 2020vs Q2 2019$137.00K$109.00K
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$0$313.00K
Real Estate OwnedQ2 2020vs Q2 2019$0$85.00K
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 Mechanics Federal Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
0.05%$10-Passbook Savings Account

Farmers and Mechanics Federal Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$250k*-Super Now Checking Account
OTHER TIERS: 0.05% $1 - $1k | 0.07% $1k - $5k | 0.10% $5k - $25k | 0.20% $25k - $100k | 0.35% $100k - $250k
0.03%$1-Now Checking Account

Farmers and Mechanics Federal CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.26%$5k-10 Year CD Special
1.15%$500-10 Year CD
0.80%$500-6 Year CD
0.50%$500-4 Year CD
0.30%$500-30 Month CD
0.30%$10k-12 Month CD Special
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%$100-18 Month IRA Certificate Special
Locations


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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