Farmers-Merchants Bank of Illinois

Eligibility Requirements | Locations (4) | 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 154^th largest bank in the state of Illinois. It is also the 2,463^rd 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.

Related Posts

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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 Q4 2021

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	11329
Year Established	1921
Employees	30
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.44%
Return on Equity - YTD	11.52%
Annual Interest Income	$9.4MM

Assets and Liabilities
Assets	Q4 2021vs Q4 2020	$308.9MM$258.2MM
Loans	Q4 2021vs Q4 2020	$280.9MM$226.0MM
Deposits	Q4 2021vs Q4 2020	$210.6MM$192.7MM
Equity Capital	Q4 2021vs Q4 2020	$37.9MM$34.0MM
Loan Loss Allowance	Q4 2021vs Q4 2020	$871.00K$700.00K
Unbacked Noncurrent Loans	Q4 2021vs Q4 2020	$645.00K$1.0MM
Real Estate Owned	Q4 2021vs Q4 2020	$0$0

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

Farmers-Merchants Bank of Illinois Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.20%	$750	-	Interest Checking
0.20%	$750	-	Business Interest Checking
0.20%	$750	-	Club Interest Checking

Farmers-Merchants Bank of Illinois CD Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
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

Locations

Farmers-Merchants Bank of Illinois Locations
Joy State Bank	101 W Main St.	Joy, IL 61260
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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