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 March of 2024, it had grown to 465 employees at 41 locations. Farmers & Merchants State Bank's savings rates are 5X the national average, and it has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #5969
Year Established1897
Employees465
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.7%
Return on Equity - YTD6.8%
Annual Interest Income$38.6MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$3.28B$3.06B
LoansQ1 2024vs Q1 2023$2.52B$2.42B
DepositsQ1 2024vs Q1 2023$2.63B$2.52B
Equity CapitalQ1 2024vs Q1 2023$340.1MM$327.5MM
Loan Loss AllowanceQ1 2024vs Q1 2023$24.7MM$24.6MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$19.4MM$7.7MM
Real Estate OwnedQ1 2024vs Q1 2023$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.53%*$500k*-Direct Savings - New Money
OTHER TIERS: 1.75% $0 - $100k | 2.02% $100k - $250k | 2.28% $250k - $500k
2.20%*$0$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%*$0$25kLoyalty Rewards Checking w/ eStatement & 3 Qualifier
OTHER TIERS: 0.01% $25k+
5.12%*$0$500Dream Builder Checking
OTHER TIERS: 0.01% $500+
0.17%*$0$25kLoyalty Rewards Checking w/ eStatement & 2 Qualifier
OTHER TIERS: 0.01% $25k+
0.02%*$0$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

Toledo Area

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