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Farmers & Merchants State Bank


Overview / Commentary
www.fm.bank
419-446-2501
307 N. Defiance Street
Archbold, OH 43502

Farmers & Merchants State Bank is headquartered in Archbold and is the 15th largest bank in the state of Ohio. It is also the 425th largest bank in the nation. It was established in 1897 and as of June of 2022, it had grown to 390 employees at 33 locations. Farmers & Merchants State Bank's savings rates are 5X the national average, and it boasts an A+ health rating.

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Health
A+

Data as of Q2 2022

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #5969
Year Established1897
Employees390
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.29%
Return on Equity - YTD11.13%
Annual Interest Income$45.7MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$2.65B$2.14B
LoansQ2 2022vs Q2 2021$2.02B$1.45B
DepositsQ2 2022vs Q2 2021$2.23B$1.85B
Equity CapitalQ2 2022vs Q2 2021$287.6MM$226.1MM
Loan Loss AllowanceQ2 2022vs Q2 2021$18.4MM$15.1MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$5.2MM$7.0MM
Real Estate OwnedQ2 2022vs Q2 2021$0$198.00K
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 State Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.53%*$250k*$500kDirect Savings - New Money
OTHER TIERS: 0.10% → $500k+ | 2.00% → Up to $100k | 2.27% → $100k - $250k
2.25%*-$100kLoyalty Rewards Savings
OTHER TIERS: 0.10% → $100k - $150k

Farmers & Merchants State Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.21%*$100k*-Business Money Market
OTHER TIERS: 0.11% → $1 - $10k | 0.14% → $10k - $100k

Farmers & Merchants State Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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 CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.24%$2.5k$125k12 Month CD Special - New Money
4.12%$2.5k$125k26 Month CD special
4.00%$5k-Business 13 Month CD Special - New Money
0.80%$2.5k-36 Month CD
0.80%$2.5k-48 Month CD
0.80%$2.5k-60 Month CD
0.80%$2.5k-30 Month CD
0.60%$2.5k-24 Month CD
0.50%$2.5k-18 Month CD
0.40%$2.5k-12 Month CD
0.35%*$100k*-182 Day CD
OTHER TIERS: 0.25% → $2.5k - $25k | 0.30% → $25k - $100k
0.30%*$100k*-91 Day CD
OTHER TIERS: 0.20% → $2.5k - $25k | 0.25% → $25k - $100k
0.23%*$100k*-15 Month CD
OTHER TIERS: 0.11% → $2.5k - $25k | 0.16% → $25k - $100k

Farmers & Merchants State Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.12%$2.5k-26 Month Fixed IRA
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