Farmers & Merchants State Bank

Overview / Commentary
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 376th largest bank in the nation. It was established in 1897 and as of June of 2023, it had grown to 460 employees at 38 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 Grade Components

FDIC Certificate #5969
Year Established1897
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.84%
Return on Equity - YTD7.93%
Annual Interest Income$65.0MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$3.14B$2.65B
LoansQ2 2023vs Q2 2022$2.49B$2.02B
DepositsQ2 2023vs Q2 2022$2.47B$2.23B
Equity CapitalQ2 2023vs Q2 2022$327.9MM$287.6MM
Loan Loss AllowanceQ2 2023vs Q2 2022$24.9MM$18.4MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$6.3MM$5.2MM
Real Estate OwnedQ2 2023vs Q2 2022$0$0
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Always verify rates and promotions with the bank or credit union. We are not Farmers & Merchants State 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 State Bank Savings Account Rates

2.78%*$500k*-Direct Savings - New Money
OTHER TIERS: 2.00% Up to $100k | 2.27% $100k - $250k | 2.53% $250k - $500k
2.25%*-$100kLoyalty Rewards Savings
OTHER TIERS: 0.10% $100k - $150k

Farmers & Merchants State Bank Money Market Rates

2.53%*$250k*-Business Money Market
OTHER TIERS: 0.11% $1 - $10k | 0.14% $10k - $100k | 2.27% $100k - $250k
0.12%*$100k*-Flex Business Money Market
OTHER TIERS: 0.05% $2k - $25k | 0.08% $25k - $100k

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 CD Rates

4.50%$1k-11 Month CD Special
4.50%$1k-17 Month CD Special
4.50%$1k-23 Month CD Special
4.06%$2.5k$250k30 Month Level Up CD Special
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

4.12%$2.5k-26 Month Fixed IRA


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