Mechanics and Farmers Bank

Overview / Commentary

www.mfbonline.com

919-687-7811

2634 Durham Chapel Hill Boulevard
Durham, NC 27702

Mechanics and Farmers Bank (M&F Bank) is an independent bank committed to meeting the financial services needs of the communities they serve. Their motivated and dedicated employees will provide quality service to all customers, promoting personal and community development while continuing its tradition of serving those who historically have been underserved

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Health

A+

Data as of Q1 2023

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Health Grade Components

Overall
FDIC Certificate #	12266
Year Established	1908
Employees	80
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.52%
Return on Equity - YTD	11.99%
Annual Interest Income	$4.7MM

Assets and Liabilities
Assets	Q1 2023vs Q1 2022	$421.8MM$370.1MM
Loans	Q1 2023vs Q1 2022	$240.7MM$226.2MM
Deposits	Q1 2023vs Q1 2022	$361.1MM$325.9MM
Equity Capital	Q1 2023vs Q1 2022	$55.1MM$39.2MM
Loan Loss Allowance	Q1 2023vs Q1 2022	$2.8MM$2.2MM
Unbacked Noncurrent Loans	Q1 2023vs Q1 2022	$862.00K$963.00K
Real Estate Owned	Q1 2023vs Q1 2022	$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.

Mechanics and Farmers Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
3.00%^*	-	$10k	Dash Checking
OTHER TIERS: 0.56% → $10k+

Locations

Mechanics and Farmers Bank Locations
100 South Murrow Boulevard Branch	100 South Murrow Boulevard	Greensboro, NC 27401
Charlotte Branch	101 Beatties Ford Road	Charlotte, NC 28216
Mechanics & Farmers Bank	116 W Parrish St	Durham, NC 27701
Raleigh Branch	13 East Hargett Street	Raleigh, NC 27601
Rock Quarry Road Branch	1824 Rock Quarry Road	Raleigh, NC 27610
Chapel Hill Blvd Branch	2705 Chapel Hill Blvd	Durham, NC 27707
Winston-Salem Branch	770 M.l. King Blvd.	Winston Salem, NC 27101

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