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Farmers & Merchants Bank & Trust (IA)


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/1/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/1/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/1/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
www.fmbanktrust.bank
319-754-2265
221 Jefferson Street
Burlington, IA 52601

Farmers & Merchants Bank & Trust (IA) is headquartered in BURLINGTON and is the 134th largest bank in the state of Iowa. It is also the 2,943rd largest bank in the nation. It was established in 1916 and as of March of 2025, it had grown to 47 employees at 4 locations. Farmers & Merchants Bank & Trust (IA) has a B health rating.

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Health
B

Data as of Q1 2025

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Health Grade Components

Overall
FDIC Certificate #13737
Year Established1916
Employees47
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.54%
Return on Equity - YTD8.74%
Annual Interest Income$1.9MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$215.2MM$248.5MM
LoansQ1 2025vs Q1 2024$117.6MM$119.5MM
DepositsQ1 2025vs Q1 2024$192.4MM$215.1MM
Equity CapitalQ1 2025vs Q1 2024$14MM$11.3MM
Loan Loss AllowanceQ1 2025vs Q1 2024$1.7MM$1.7MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$406K$331K
Real Estate OwnedQ1 2025vs Q1 2024$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/1/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/1/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/1/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
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 & Merchants Bank & Trust (IA) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%$0-F&M Dream Big Savings Account
0.25%$0-Health Savings
0.10%$0-F&M MYWAY Saving Account

Farmers & Merchants Bank & Trust (IA) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
10.47%*$0$500F&M Campus Checking
OTHER TIERS: 0.05% → $500+
5.12%*$0$1kF&M Interest Checking
OTHER TIERS: 0.15% → $1k+
2.02%*$0$3kF&M Young Farmers Checking
OTHER TIERS: 0.10% → $3k+
0.15%$5k-Business F&M Interest Checking
0.15%*$2.5k*-F&M Extreme Checking
OTHER TIERS: 0.10% → $0 - $2.5k
0.05%$500-F&M 50+ Checking

Farmers & Merchants Bank & Trust (IA) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.15%$500-19 Month Special
0.77%$500$100k5 Year CD
0.65%$500-7 Month CD Special
0.50%$500$100k4 Year CD
0.37%$500$100k36 month CD
0.32%$500$100k30 Month CD
0.28%$500$100k24 Month CD
0.25%$500$100k18 Month CD
0.21%$500$100k12 Month CD
0.20%$500$100k9 Month CD
0.19%$500$100k6 Month CD
0.14%$500$100k3 Month CD

Farmers & Merchants Bank & Trust (IA) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$0-IRA Variable Savings
Locations


Farmers & Merchants Bank & Trust (IA) Locations
West Burlington Branch101 Broadway StreetWest Burlington, IA 52655
Farmers & Merchants Bank & Trust221 Jefferson StBurlington, IA 52601
Drive-In Branch109 West Mt. Pleasant StreetW. Burlington, IA 52655
Parking Lot BranchFourth and Valley StreetsBurlington, IA 52601

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