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Farmers-Merchants Bank of Illinois


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 174th largest bank in the state of Illinois. It is also the 2,716th largest bank in the nation. It was established in 1921 and as of March of 2020, it had grown to 36 employees at 5 locations. Farmers-Merchants Bank of Illinois has an A+ health rating.

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Have to be local to open an HSA.

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Health
A+

Data as of Q1 2020

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #11329
Year Established1921
Employees36
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.12%
Return on Equity - YTD7.51%
Annual Interest Income$2.1MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$220.2MM$173.5MM
LoansQ1 2020vs Q1 2019$184.1MM$117.6MM
DepositsQ1 2020vs Q1 2019$169.5MM$134.4MM
Equity CapitalQ1 2020vs Q1 2019$32.1MM$28.8MM
Loan Loss AllowanceQ1 2020vs Q1 2019$515.00K$416.00K
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$1.3MM$795.00K
Real Estate OwnedQ1 2020vs Q1 2019$66.00K$180.00K
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

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
1.01%$1k-30 Month CD
0.80%$1k-60 Month CD
0.75%$1k-48 Month CD
0.70%$1k-36 Month CD
0.65%$1k-182 Day CD
0.65%$1k-24 Month CD
0.60%$1k-18 Month CD
0.55%$1k-12 Month CD
0.25%$1k-91 Day CD

Farmers-Merchants Bank of Illinois IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.01%$1k-30 Month IRA
0.80%$1k-60 Month IRA
0.75%$1k-48 Month IRA
0.70%$1k-36 Month IRA
0.65%$1k-182 Day IRA
0.65%$1k-24 Month IRA
0.60%$1k-18 Month IRA
0.55%$1k-12 Month 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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.