Farmers-Merchants Bank of Illinois

Eligibility Requirements | Locations (5) | Receive alerts for this bank

Based on 1 review

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CURRENT TOP RATE

Health Savings Account (HSA)

Overview / Commentary

www.fmbankil.com

309-584-4146

101 W Main St.
Joy, IL 61260

Farmers-Merchants Bank of Illinois is headquartered in Joy and is the 161^st largest bank in the state of Illinois. It is also the 2,538^th largest bank in the nation. It was established in 1921 and as of March of 2021, it had grown to 31 employees at 5 locations. Farmers-Merchants Bank of Illinois has an A+ health rating.

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2014

5/5 - 5 Yr $5,000 2.87%

Reviews (1)

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Local Only

Posted by: tippytop | Sep 26, 2014

Have to be local to open an HSA.

Comment

4

Health

A+

Data as of Q1 2021

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	11329
Year Established	1921
Employees	31
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.39%
Return on Equity - YTD	10.95%
Annual Interest Income	$2.3MM

Assets and Liabilities
Assets	Q1 2021vs Q1 2020	$285.9MM$220.2MM
Loans	Q1 2021vs Q1 2020	$255.8MM$184.1MM
Deposits	Q1 2021vs Q1 2020	$211.3MM$169.5MM
Equity Capital	Q1 2021vs Q1 2020	$35.0MM$32.1MM
Loan Loss Allowance	Q1 2021vs Q1 2020	$698.00K$515.00K
Unbacked Noncurrent Loans	Q1 2021vs Q1 2020	$1.0MM$1.3MM
Real Estate Owned	Q1 2021vs Q1 2020	$0$66.00K

Rates

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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 Bank of Illinois Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
1.01%	-	-	Health Savings Account (HSA)
0.15%	$100	-	Regular Savings
0.15%	$100	-	No Maturity IRA

Farmers-Merchants Bank of Illinois Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.30%^*	$50k^*	-	Money Market
OTHER TIERS: 0.20% → $1k - $25k \| 0.25% → $25k - $50k
0.30%^*	$50k^*	-	Business Money Market
OTHER TIERS: 0.20% → $1k - $25k \| 0.25% → $25k - $50k

Farmers-Merchants Bank of Illinois Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.10%	$750	-	Interest Checking
0.10%	$750	-	Business Interest Checking
0.10%	$750	-	Club Interest Checking

Farmers-Merchants Bank of Illinois CD Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.70%	$1k	-	60 Month CD
0.65%	$1k	-	48 Month CD
0.60%	$1k	-	36 Month CD
0.55%	$1k	-	182 Day CD
0.55%	$1k	-	30 Month CD
0.50%	$1k	-	24 Month CD
0.45%	$1k	-	18 Month CD
0.40%	$1k	-	12 Month CD
0.20%	$1k	-	91 Day CD

Farmers-Merchants Bank of Illinois IRA Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.70%	$1k	-	60 Month IRA
0.65%	$1k	-	48 Month IRA
0.60%	$1k	-	36 Month IRA
0.55%	$1k	-	182 Day IRA
0.55%	$1k	-	30 Month IRA
0.50%	$1k	-	24 Month IRA
0.45%	$1k	-	18 Month IRA
0.40%	$1k	-	12 Month IRA
0.20%	$1k	-	91 Day IRA

Locations

Farmers-Merchants Bank of Illinois Locations
Joy State Bank	101 W Main St.	Joy, IL 61260
New Boston Facility	412 Main Street	New Boston, IL 61272
Melvin Branch	100 East Main Street	Melvin, IL 60952
Paxton Branch	101 North Taft Street	Paxton, IL 60957
South Pine Street Branch	116 South Pine Street	Piper City, IL 60959

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