Farmers & Merchants State Bank

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

Farmers & Merchants State Bank is headquartered in Archbold and is the 16th largest bank in the state of Ohio. It is also the 532nd largest bank in the nation. It was established in 1897 and as of December of 2020, it had grown to 367 employees at 30 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 - YTD1.1%
Return on Equity - YTD8.97%
Annual Interest Income$69.7MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$1.88B$1.58B
LoansQ4 2020vs Q4 2019$1.30B$1.22B
DepositsQ4 2020vs Q4 2019$1.60B$1.29B
Equity CapitalQ4 2020vs Q4 2019$220.4MM$204.6MM
Loan Loss AllowanceQ4 2020vs Q4 2019$13.7MM$7.2MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$7.7MM$3.4MM
Real Estate OwnedQ4 2020vs Q4 2019$71.00K$214.00K
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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

0.45%*-$25kLoyalty Rewards Checking w/ eStatement & 3 Qualifier
OTHER TIERS: 0.10% $25k+
0.30%*-$25kLoyalty Rewards Checking w/ eStatement & 2 Qualifier
OTHER TIERS: 0.10% $25k+
0.15%*-$25kLoyalty Rewards Checking w/ eStatement & 1 Qualifier
OTHER TIERS: 0.10% $25k+

Farmers & Merchants State Bank IRA Rates

0.42%$2.5k-20 Month Perks IRA CD (Ohio & Michigan)
0.42%$2.5k-20 Month Perks IRA CD (Indiana)


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