Farmers & Merchants Bank

Overview / Commentary
205 S. Main St.
Timberville, VA 22853

From the Bank

F&M Bank provides the financial resources our clients need to build a brighter and more secure future in our community. Since 1908, we have built relationships with our clients, team, and the community we call home. From traditional storefront banking to an online platform accessible from anywhere in the world and on any device, F&M Bank provides personal and business banking you love from people who care.

F&M Bank provides personal and business banking in the Shenandoah Valley and beyond. Member FDIC.

Reviews (1)

Great Staff, Mistake Prone

Growing up in a small town, my mom and stepdad always used the local bank. What do you do when you grow up and need a bank? Usually use the one your parents do. For the first two or three years everything always went smoothly and then all of the sudden, a slew of mistakes started happening. Not little mistakes, either.

The first mistake (which I'm sure happens relatively often, although it has NEVER happened to me since I switched banks) is I received too much money back from cashing a check. Of course, I always count the cash the tellers give me, so I was already on my way back to the bank to return the extra money when they called me and informed me I'd need to return to the bank.

The second was more costly. To both my mother and I. I did not have a deposit slip with me and needed to deposit some money for my loan that was automatically coming out of the checking account. I gave her my name and she pulled my account information and made me up a deposit slip. Two weeks later when I checked my account, it was negative for the amount of the loan and I received a letter informing me the loan had not been paid and I now owed a late fee. I went back to the bank (strangley) at the same time as my mother who was trying to figure out why her account had an extra $250 in it. Lo and behold, the teller two weeks back had deposited my money into my mothers' account. We don't even have the same last name, so I don't really understand how it was possible at all.

The third mistake was a constant occurrence. I would deposit a check (with a deposit slip), requesting a small amount (usually $50) back in cash. I would NEVER get it in cash, they would just deposit the whole thing. Almost every single time.

The fourth and final straw was I had overdrawn my account and received a letter stating after five days, I would be charged a late fee for every day after five days that my account was negative. On the third day, I went into the bank and asked the teller how much it was overdrawn. It ended up being around $15 that I was negative. I handed her a $20 and she assured me it was covered and I was good. Not until a month later, did I receive a second letter saying it was overdrawn. Somehow, I hadn't been negative $15 that day and my $20 didn't cover it, so it went an entire month charging me late fees until I was about $250 in the hole. I had to go back in and explain what had happened and they refunded all the charges, but that was it. Last chance and I was done.

Like the title states, great people, nice people, but way too many mistakes for me to stay.


Health Grade Components

FDIC Certificate #8668
Year Established1908
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.25%
Return on Equity - YTD4.33%
Annual Interest Income$56.3MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$1.29B$1.25B
LoansQ4 2023vs Q4 2022$814.9MM$737MM
DepositsQ4 2023vs Q4 2022$1.14B$1.09B
Equity CapitalQ4 2023vs Q4 2022$80.4MM$69.4MM
Loan Loss AllowanceQ4 2023vs Q4 2022$8.3MM$7.9MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$6.5MM$2.3MM
Real Estate OwnedQ4 2023vs Q4 2022$55K$0
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Always verify rates and promotions with the bank or credit union. We are not Farmers & Merchants Bank; we are a rate comparison website and cannot provide official rates or promotions.

* 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

0.50%*$5$5kTreehouse Savings Club
OTHER TIERS: 0.15% $5k+
0.15%--Premium Savings
0.15%--Christmas Club Savings
0.15%--Business Premium Savings

Farmers & Merchants Bank Money Market Rates

3.81%*$1.5m*-F & M Money Market
OTHER TIERS: 3.04% $1k - $100k | 3.25% $100k - $250k | 3.30% $250k - $1.5m
3.81%*$1.5m*-Business Money Market Account
OTHER TIERS: 3.04% $1k - $100k | 3.25% $100k - $250k | 3.30% $250k - $1.5m

Farmers & Merchants Bank Checking Account Rates

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

5.10%$1k-7 Month CD
5.10%$1k-Business 7 Month CD
4.84%$1k-9 Month CD
4.84%$1k-Business 9 Month CD
4.32%$1k-12 Month CD
4.32%$1k-Business 12 Month CD
3.80%$1k-12 Month Penalty Free CD
3.80%$1k-Business 12 Month Penalty Free CD
3.03%$1k-3 Month CD
3.03%$1k-Business 3 Month CD
2.78%$1k-24 Month CD
2.78%$1k-Business 24 Month CD
2.52%$1k-36 Month CD
2.52%$1k-Business 36 Month CD
2.50%$1k-182 Days CD
2.50%$1k-Business 182 Days 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


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