Featured Savings Rates
Featured Accounts

Mechanics and Farmers Bank

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
1.05%Reward CheckingDash Checking
0.75%5-year CD60 Month Plus CD
0.15%1-year CD12 - 17 Month CD

Overview / Commentary
919-687-7803
116 West Parrish Street
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
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Mechanics and Farmers Bank has a negative return on equity.

Health Grade Components

Overall
FDIC Certificate #12266
Year Established1908
Employees64
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD-0.94%
Return on Equity - YTD-11.52%
Annual Interest Income$8.8MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$254.8MM$256.2MM
LoansQ4 2017vs Q4 2016$151.7MM$147.9MM
DepositsQ4 2017vs Q4 2016$230.7MM$229.6MM
Equity CapitalQ4 2017vs Q4 2016$19.7MM$21.7MM
Loan Loss AllowanceQ4 2017vs Q4 2016$1.9MM$2.4MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$2.5MM$3.0MM
Real Estate OwnedQ4 2017vs Q4 2016$104.00K$367.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Mechanics and Farmers Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.09%*$10k*-Health Savings Account
OTHER TIERS: 0.05% $100 - $2,500 | 0.07% $2,500 - $10k
0.02%$100-Savings Account
0.02%$100-Business Savings Account

Mechanics and Farmers Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$500k*-Public Funds Money Market
OTHER TIERS: 0.05% $2,500 - $50k | 0.10% $50k - $500k
0.09%*$25k*-Money Market Investment
OTHER TIERS: 0.04% $2,500 - $10k | 0.05% $10k - $25k

Mechanics and Farmers Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.05%*-$10kDash Checking
OTHER TIERS: 0.25% $10k+
0.10%$1k-Commercial N.O.W. Accounts
0.10%$1k-Public Funds Commercial N.O.W. Accounts
0.05%$1k-Prestige Checking Account
0.04%*$10k*-Interest Checking Accounts
OTHER TIERS: 0.01% $1k - $2,500 | 0.02% $2,500 - $10k

Mechanics and Farmers Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*$10k*-60 Month Plus CD
OTHER TIERS: 0.50% $1k - $10k
0.65%*$10k*-48 - 59 Month CD
OTHER TIERS: 0.40% $1k - $10k
0.50%*$10k*-36 - 47 Month CD
OTHER TIERS: 0.30% $1k - $10k
0.25%*$50k*-24 - 35 Month CD
OTHER TIERS: 0.10% $1k - $10k | 0.20% $10k - $50k
0.15%*$10k*-12 - 17 Month CD
OTHER TIERS: 0.10% $1k - $10k
0.15%*$10k*-18 - 23 Month CD
OTHER TIERS: 0.10% $1k - $10k
0.13%*$100k*-270 - 364 Day CD
OTHER TIERS: 0.10% $1k - $50k | 0.12% $50k - $100k
0.12%*$100k*-180 - 269 Day CD
OTHER TIERS: 0.05% $1k - $10k | 0.10% $10k - $50k | 0.11% $50k - $100k
0.08%*$100k*-90 - 179 Day CD
OTHER TIERS: 0.03% $1k - $10k | 0.06% $10k - $50k | 0.07% $50k - $100k
0.03%*$10k*-7 - 31 Day CD
OTHER TIERS: 0.02% $1k - $10k
0.03%*$10k*-32 - 89 Day CD
OTHER TIERS: 0.02% $1k - $10k

Mechanics and Farmers Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.05%$1k-24 Month IRA Special
0.75%*$10k*-60 Month Plus IRA
OTHER TIERS: 0.50% $1k - $10k
0.65%*$10k*-48 - 59 Month IRA
OTHER TIERS: 0.40% $1k - $10k
0.50%*$10k*-36 - 47 Month IRA
OTHER TIERS: 0.30% $1k - $10k
0.25%*$50k*-24 - 35 Month IRA
OTHER TIERS: 0.10% $1k - $10k | 0.20% $10k - $50k
0.25%$1k-18 Month Variable IRA Special
0.15%*$10k*-12 - 17 Month IRA
OTHER TIERS: 0.10% $1k - $10k
0.15%*$10k*-18 - 23 Month IRA
OTHER TIERS: 0.10% $1k - $10k
0.13%*$100k*-270 - 364 Day IRA
OTHER TIERS: 0.10% $1k - $50k | 0.12% $50k - $100k
0.12%*$100k*-180 - 269 Day IRA
OTHER TIERS: 0.05% $1k - $10k | 0.10% $10k - $50k | 0.11% $50k - $100k
0.08%*$100k*-90 - 179 Day IRA
OTHER TIERS: 0.03% $1k - $10k | 0.06% $10k - $50k | 0.07% $50k - $100k
0.03%*$10k*-7 - 31 Day IRA
OTHER TIERS: 0.02% $1k - $10k
0.03%*$10k*-32 - 89 Day IRA
OTHER TIERS: 0.02% $1k - $10k
Locations


Mechanics and Farmers Bank Locations
100 South Murrow Boulevard Branch100 South Murrow BoulevardGreensboro, NC 27401
Charlotte Branch101 Beatties Ford RoadCharlotte, NC 28208
Mechanics & Farmers Bank116 West Parrish StreetDurham, NC 27702
Raleigh Branch13 East Hargett StreetRaleigh, NC 27601
Rock Quarry Road Branch1824 Rock Quarry RoadRaleigh, NC 27610
Chapel Hill Blvd Branch2705 Chapel Hill BlvdDurham, NC 27707
Winston-Salem Branch770 M.l. King Blvd.Winston Salem, NC 27101

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