Farmers & Merchants State Bank


Overview / Commentary
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 369th largest bank in the nation. It was established in 1897 and as of December of 2023, it had grown to 456 employees at 41 locations. Farmers & Merchants State Bank's savings rates are 5X the national average, and it has an A health rating.

Reviews

No reviews have been left for this bank yet. Be the first to review.



Health

Health Grade Components

Overall
FDIC Certificate #5969
Year Established1897
Employees456
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.75%
Return on Equity - YTD7.18%
Annual Interest Income$139.5MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$3.27B$3B
LoansQ4 2023vs Q4 2022$2.56B$2.34B
DepositsQ4 2023vs Q4 2022$2.61B$2.49B
Equity CapitalQ4 2023vs Q4 2022$338.9MM$317.1MM
Loan Loss AllowanceQ4 2023vs Q4 2022$25MM$20.3MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$22.4MM$4.7MM
Real Estate OwnedQ4 2023vs Q4 2022$0$0
Rates
Report an Issue

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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.53%*$500k*-Direct Savings - New Money
OTHER TIERS: 1.75% Up to $100k | 2.02% $100k - $250k | 2.28% $250k - $500k
2.20%*-$100kLoyalty Rewards Savings
OTHER TIERS: 2.18% $100k - $150k

Farmers & Merchants State Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.48%*$250k*-Business Money Market
OTHER TIERS: 0.08% $1 - $10k | 0.11% $10k - $100k | 2.22% $100k - $250k

Farmers & Merchants State Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.55%*-$25kLoyalty Rewards Checking w/ eStatement & 3 Qualifier
OTHER TIERS: 0.01% $25k+
5.12%*-$500Dream Builder Checking
OTHER TIERS: 0.01% $500+
0.17%*-$25kLoyalty Rewards Checking w/ eStatement & 2 Qualifier
OTHER TIERS: 0.01% $25k+
0.02%*-$25kLoyalty Rewards Checking w/ eStatement & 1 Qualifier
OTHER TIERS: 0.01% $25k+

Farmers & Merchants State Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%$1k-11 Month CD Special
4.25%$1k-17 Month CD Special
4.25%$1k-23 Month CD Special
4.06%$2.5k$250k30 Month Level Up CD Special

Farmers & Merchants State Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.12%$2.5k$250k26 Month IRA
Locations

Availability



The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.