Farmers & Merchants State Bank is headquartered in ARCHBOLD and is the 15th largest bank in the state of Ohio. It is also the 372nd largest bank in the nation. It was established in 1897 and as of June of 2024, it had grown to 467 employees at 40 locations. Farmers & Merchants State Bank's savings rates are 5X the national average, and it boasts an A+ health rating.
Overall | |
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FDIC Certificate # | 5969 |
Year Established | 1897 |
Employees | 467 |
Primary Regulator | FDIC |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.73% |
Return on Equity - YTD | 7.08% |
Annual Interest Income | $79.7MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q2 2024vs Q2 2023 | $3.31B$3.14B |
Loans | Q2 2024vs Q2 2023 | $2.54B$2.49B |
Deposits | Q2 2024vs Q2 2023 | $2.65B$2.47B |
Equity Capital | Q2 2024vs Q2 2023 | $345.4MM$327.9MM |
Loan Loss Allowance | Q2 2024vs Q2 2023 | $25.3MM$24.9MM |
Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $2.5MM$6.3MM |
Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
2.02%* | $250k* | - | Business Money Market | ||
OTHER TIERS: 0.08% → $1 - $10k | 0.11% → $10k - $100k | 1.77% → $100k - $250k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
4.00% | $1k | - | 5 Month CD Special | |
3.50% | $1k | - | 11 Month CD Special | |
3.25% | $1k | - | 17 Month CD Special |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
3.20% | $2.5k | $250k | 26 Month IRA |