Farmers & Merchants Bank
LOCATIONS
13
View locations
HEALTH RATING
A
View health report
CURRENT TOP RATE
2.01% APY
Kasasa Cash Checking
View all rates
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 2.01% | Reward Checking | Kasasa Cash Checking 1.85% - National Average |
| 1.01% | Reward Savings | Kasasa Saver 0.81% - National Average |
| 0.35% | Savings | Premium Savings 1.20% - Ally Bank Online Savings Account |
Overview / Commentary
Farmers & Merchants Bank is headquartered in Timberville and is the 26th largest bank in the state of Virginia. It is also the 1,006th largest bank in the nation. It was established in 1908 and as of June of 2017, it had grown to 157 employees at 13 locations. Farmers & Merchants Bank has an A health rating.
Related Posts
8/16 - Farmers & Merchants Bank Platinum Reward Checking Rate Lowered From 2.01% To 1.69%
3/21 - Platinum Reward Checking Rate Lowered From 2.52% To 2.01% On 50K
3/21 - Platinum Reward Checking Rate Lowered From 2.52% To 2.01% On 50K
11/15 - Received Notice Of Rate Change Effect Of Nov18 From 3.25 Apy To 2.74 Apy For Platium Rewards Accounts
7/22 - Farmers And Merchants Bank (VA) Drops Rate To 3.25%
2/18 - Opened Account At 4%
7/22 - Farmers And Merchants Bank (VA) Drops Rate To 3.25%
2/18 - Opened Account At 4%
12/12/09 - High-Yield Reward Checking Account at Farmers & Merchants Bank in Virginia
12/12/09 - And It Is No Longer Accepting Out
12/11/09 - Rate Will Be Going Down To 3
9/10/09 - 5.01% Reward Checking Account at Farmers & Merchants Bank in Wisconsin - Local Only
8/8/08 - Another Nationwide Reward Checking Account - 5.02% APY for a $50K Balance
12/12/09 - And It Is No Longer Accepting Out
12/11/09 - Rate Will Be Going Down To 3
9/10/09 - 5.01% Reward Checking Account at Farmers & Merchants Bank in Wisconsin - Local Only
8/8/08 - Another Nationwide Reward Checking Account - 5.02% APY for a $50K Balance
Health
A
Data as of Q2 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 8668 |
| Year Established | 1908 |
| Employees | 157 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.24% |
| Return on Equity - YTD | 10.52% |
| Annual Interest Income | $16.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2017vs Q2 2016 | $743.7MM$730.3MM |
| Loans | Q2 2017vs Q2 2016 | $648.0MM$655.1MM |
| Deposits | Q2 2017vs Q2 2016 | $537.8MM$506.4MM |
| Equity Capital | Q2 2017vs Q2 2016 | $87.5MM$83.5MM |
| Loan Loss Allowance | Q2 2017vs Q2 2016 | $7.2MM$8.1MM |
| Unbacked Noncurrent Loans | Q2 2017vs Q2 2016 | $5.7MM$5.5MM |
| Real Estate Owned | Q2 2017vs Q2 2016 | $2.0MM$2.5MM |
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 Savings Account Rates
Farmers & Merchants Bank Money Market Rates
Farmers & Merchants Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.01%* | - | $15k | Kasasa Cash Checking | ||
| OTHER TIERS: 0.10% → $15k+ | |||||
| 0.15% | $1k | - | Personal Interest Checking | ||
| 0.15% | $1k | - | Sole Proprietorships Interest Checking | ||
