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 220th largest bank in the state of Illinois. It is also the 3,169th largest bank in the nation. It was established in 1921 and as of March of 2019, it had grown to 37 employees at 5 locations. Farmers-Merchants Bank of Illinois' money market rates are 70% higher than the national average, and it boasts an A+ health rating.

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Reviews (1)

Local Only

Posted by: tippytop | Sep 26, 2014

Have to be local to open an HSA.


Health Grade Components

FDIC Certificate #11329
Year Established1921
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.28%
Return on Equity - YTD7.8%
Annual Interest Income$1.8MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$173.3MM$48.7MM
LoansQ1 2019vs Q1 2018$117.6MM$42.9MM
DepositsQ1 2019vs Q1 2018$134.4MM$39.1MM
Equity CapitalQ1 2019vs Q1 2018$28.8MM$5.6MM
Loan Loss AllowanceQ1 2019vs Q1 2018$416.00K$42.00K
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$795.00K$558.00K
Real Estate OwnedQ1 2019vs Q1 2018$180.00K$22.00K
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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

1.51%--Health Savings Account (HSA)
0.25%$100-Regular Savings
0.15%--IRA Savings

Farmers-Merchants Bank of Illinois Money Market Rates

0.75%*$25k*-Money Market
OTHER TIERS: 0.50% $1k - $10k | 0.60% $10k - $25k
0.75%*$25k*-Business Money Market
OTHER TIERS: 0.50% $1k - $10k | 0.60% $10k - $25k

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

3.10%$1k-36 Month CD
3.05%$1k-60 Month CD
2.79%$1k-24 Month CD
1.77%$1k-182 Day CD
1.77%$1k-48 Month CD
1.31%$1k-30 Month CD
1.26%$1k-12 Month CD
1.06%$1k-18 Month CD
0.90%$1k-91 Day CD

Farmers-Merchants Bank of Illinois IRA Rates

3.10%$1k-36 Month IRA
3.05%$1k-60 Month IRA
2.79%$1k-24 Month IRA
1.77%$1k-182 Day IRA
1.77%$1k-48 Month IRA
1.31%$1k-30 Month IRA
1.26%$1k-12 Month IRA
1.06%$1k-18 Month IRA
0.90%$1k-91 Day IRA

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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