Farmers & Merchants Bank

TODAY'S FEATURED RATES

Member FDIC

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

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

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

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

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.fmbankva.com

540-896-8941

205 S. Main St.
Timberville, VA 22853

Farmers & Merchants Bank is headquartered in TIMBERVILLE and is the 24^th largest bank in the state of Virginia. It is also the 828^th largest bank in the nation. It was established in 1908 and as of March of 2025, it had grown to 159 employees at 15 locations. Farmers & Merchants Bank's money market rates are 8X the national average, and it has a B+ health rating.

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Health

B+

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	8668
Year Established	1908
Employees	159
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	0.74%
Return on Equity - YTD	10.7%
Annual Interest Income	$16.3MM

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$1.31B$1.31B
Loans	Q1 2025vs Q1 2024	$819.9MM$818.8MM
Deposits	Q1 2025vs Q1 2024	$1.21B$1.16B
Equity Capital	Q1 2025vs Q1 2024	$92.7MM$79.7MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$7.8MM$8.4MM
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$8.9MM$6.2MM
Real Estate Owned	Q1 2025vs Q1 2024	$77K$0

TODAY'S FEATURED RATES

Member FDIC

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

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

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

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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Money Market
Checking
CD

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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 Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%^*	$5	$5k	Treehouse Savings Club
OTHER TIERS: 0.15% → $5k+
0.15%	$0	-	Premium Savings
0.15%	$0	-	Christmas Club Savings
0.15%	$0	-	Business Premium Savings

Farmers & Merchants Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
3.71%^*	$1.5m^*	-	F & M Money Market
OTHER TIERS: 3.04% → $1k - $100k \| 3.09% → $100k - $250k \| 3.15% → $250k - $750k \| 3.20% → $750k - $1.5m
3.71%^*	$1.5m^*	-	Business Money Market Account
OTHER TIERS: 3.04% → $1k - $100k \| 3.09% → $100k - $250k \| 3.15% → $250k - $750k \| 3.20% → $750k - $1.5m

Farmers & Merchants Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
1.10%^*	$250k^*	-	Checking For Non Profits
OTHER TIERS: 0.55% → $1k - $10k \| 0.75% → $10k - $100k \| 0.95% → $100k - $250k
0.10%	$1k	-	Sole Proprietorships Interest Checking

Farmers & Merchants Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
3.29%	$1k	-	12 Month CD
3.29%	$1k	-	Business 12 Month CD
3.03%	$1k	-	12 Month Penalty Free CD
3.03%	$1k	-	Business 12 Month Penalty Free CD
3.03%	$1k	-	9 Month CD
3.03%	$1k	-	Business 9 Month CD
2.78%	$1k	-	24 Month CD
2.78%	$1k	-	Business 24 Month CD
2.77%	$1k	-	182 Days CD
2.77%	$1k	-	Business 182 Days CD
2.52%	$1k	-	36 Month CD
2.52%	$1k	-	Business 36 Month CD
2.52%	$1k	-	3 Month CD
2.52%	$1k	-	Business 3 Month CD
2.02%	$1k	-	48 Month CD
2.02%	$1k	-	Business 48 Month CD
1.91%	$1k	-	60 Month CD
1.91%	$1k	-	Business 60 Month CD

Locations

Availability

Harrisonburg Area

Harrisonburg Area bank & credit union details

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