Farmers-Merchants Bank of Illinois

Overview / Commentary
101 W Main St.
Joy, IL 61260

Farmers-Merchants Bank of Illinois is headquartered in Joy and is the 154th largest bank in the state of Illinois. It is also the 2,463rd largest bank in the nation. It was established in 1921 and as of December of 2021, it had grown to 30 employees at 4 locations. Farmers-Merchants Bank of Illinois has an A+ health rating.

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Reviews (1)

Local Only

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Have to be local to open an HSA.


Health Grade Components

FDIC Certificate #11329
Year Established1921
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.44%
Return on Equity - YTD11.52%
Annual Interest Income$9.4MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$308.9MM$258.2MM
LoansQ4 2021vs Q4 2020$280.9MM$226.0MM
DepositsQ4 2021vs Q4 2020$210.6MM$192.7MM
Equity CapitalQ4 2021vs Q4 2020$37.9MM$34.0MM
Loan Loss AllowanceQ4 2021vs Q4 2020$871.00K$700.00K
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$645.00K$1.0MM
Real Estate OwnedQ4 2021vs Q4 2020$0$0
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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

1.11%--Health Savings Account (HSA)
0.45%$100-No Maturity IRA
0.25%$100-Regular Savings

Farmers-Merchants Bank of Illinois Money Market Rates

0.40%*$50k*-Money Market
OTHER TIERS: 0.30% $1k - $25k | 0.35% $25k - $50k
0.40%*$50k*-Business Money Market
OTHER TIERS: 0.30% $1k - $25k | 0.35% $25k - $50k

Farmers-Merchants Bank of Illinois Checking Account Rates

0.20%$750-Interest Checking
0.20%$750-Business Interest Checking
0.20%$750-Club Interest Checking

Farmers-Merchants Bank of Illinois CD Rates

1.01%$1k-60 Month CD
0.95%$1k-48 Month CD
0.90%$1k-36 Month CD
0.85%$1k-18 Month CD
0.85%$1k-30 Month CD
0.80%$1k-24 Month CD
0.75%$1k-182 Day CD
0.70%$1k-12 Month CD
0.50%$1k-91 Day CD

Farmers-Merchants Bank of Illinois IRA Rates

1.01%$1k-60 Month IRA
0.95%$1k-48 Month IRA
0.90%$1k-36 Month IRA
0.85%$1k-18 Month IRA
0.85%$1k-30 Month IRA
0.80%$1k-24 Month IRA
0.75%$1k-182 Day IRA
0.70%$1k-12 Month IRA
0.50%$1k-91 Day IRA

Farmers-Merchants Bank of Illinois Locations
Joy State Bank101 W Main St.Joy, IL 61260
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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