Farmers & Merchants State Bank

Overview / Commentary
307 N. Defiance Street
Archbold, OH 43502

Farmers & Merchants State Bank is headquartered in Archbold and is the 17th largest bank in the state of Ohio. It is also the 534th largest bank in the nation. It was established in 1897 and as of March of 2021, it had grown to 344 employees at 29 locations. Farmers & Merchants State Bank has an A health rating.


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Health Grade Components

FDIC Certificate #5969
Year Established1897
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.93%
Return on Equity - YTD8.49%
Annual Interest Income$16.7MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$1.97B$1.63B
LoansQ1 2021vs Q1 2020$1.33B$1.24B
DepositsQ1 2021vs Q1 2020$1.71B$1.35B
Equity CapitalQ1 2021vs Q1 2020$202.6MM$211.7MM
Loan Loss AllowanceQ1 2021vs Q1 2020$14.4MM$8.5MM
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$8.1MM$3.3MM
Real Estate OwnedQ1 2021vs Q1 2020$148.00K$185.00K
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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 State Bank Checking Account Rates

0.35%*-$25kLoyalty Rewards Checking w/ eStatement & 3 Qualifier
OTHER TIERS: 0.01% $25k+
0.20%*-$25kLoyalty Rewards Checking w/ eStatement & 2 Qualifier
OTHER TIERS: 0.01% $25k+
0.05%*-$25kLoyalty Rewards Checking w/ eStatement & 1 Qualifier
OTHER TIERS: 0.01% $25k+

Farmers & Merchants State Bank IRA Rates

0.21%$2.5k-20 Month Perks IRA CD (Ohio & Michigan)
0.21%$2.5k-20 Month Perks IRA CD (Indiana)


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