Farmers-Merchants Bank of Illinois


Overview / Commentary
309-584-4146
101 W Main St.
Joy, IL 61260

Farmers-Merchants Bank of Illinois is headquartered in Joy and is the 186th largest bank in the state of Illinois. It is also the 2,844th largest bank in the nation. It was established in 1921 and as of December of 2019, it had grown to 35 employees at 5 locations. Farmers-Merchants Bank of Illinois has an A health rating.

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Reviews (1)

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Have to be local to open an HSA.



Health

Health Grade Components

Overall
FDIC Certificate #11329
Year Established1921
Employees35
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.62%
Return on Equity - YTD10.01%
Annual Interest Income$7.5MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$204.1MM$173.3MM
LoansQ4 2019vs Q4 2018$162.6MM$85.9MM
DepositsQ4 2019vs Q4 2018$163.2MM$133.0MM
Equity CapitalQ4 2019vs Q4 2018$31.4MM$28.4MM
Loan Loss AllowanceQ4 2019vs Q4 2018$454.00K$133.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$1.6MM$1.1MM
Real Estate OwnedQ4 2019vs Q4 2018$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Farmers-Merchants Bank of Illinois; 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 Bank of Illinois Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.01%--Health Savings Account (HSA)
0.20%$100-Regular Savings
0.15%$100-No Maturity IRA

Farmers-Merchants Bank of Illinois Money Market Rates

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.26%$1k-30 Month CD
1.21%$1k-60 Month CD
1.16%$1k-48 Month CD
0.85%$1k-9 Month CD Special
0.80%$1k-36 Month CD
0.75%$1k-24 Month CD
0.60%$1k-18 Month CD
0.55%$1k-12 Month CD
0.50%$1k-182 Day CD
0.25%$1k-91 Day CD

Farmers-Merchants Bank of Illinois IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.26%$1k-30 Month IRA
1.21%$1k-60 Month IRA
1.16%$1k-48 Month IRA
0.85%$1k-9 Month IRA Special
0.80%$1k-36 Month IRA
0.75%$1k-24 Month IRA
0.60%$1k-18 Month IRA
0.55%$1k-12 Month IRA
0.50%$1k-182 Day IRA
0.25%$1k-91 Day IRA
Locations


Farmers-Merchants Bank of Illinois Locations
Joy State Bank101 W Main St.Joy, IL 61260
New Boston Facility412 Main StreetNew Boston, IL 61272
Melvin Branch100 East Main StreetMelvin, IL 60952
Paxton Branch101 North Taft StreetPaxton, IL 60957
South Pine Street Branch116 South Pine StreetPiper City, IL 60959

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