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 500th largest bank in the nation. It was established in 1897 and as of June of 2021, it had grown to 377 employees at 32 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 - YTD8.6%
Annual Interest Income$34.1MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$2.14B$1.76B
LoansQ2 2021vs Q2 2020$1.45B$1.35B
DepositsQ2 2021vs Q2 2020$1.85B$1.48B
Equity CapitalQ2 2021vs Q2 2020$226.1MM$213.7MM
Loan Loss AllowanceQ2 2021vs Q2 2020$15.1MM$9.9MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$7.0MM$9.4MM
Real Estate OwnedQ2 2021vs Q2 2020$198.00K$135.00K
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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

0.24%$2.5k-20 Month Perks IRA CD (Ohio & Michigan)
0.24%$2.5k-20 Month Perks IRA CD (Indiana)


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