Mechanics and Farmers Bank

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LOCATIONS

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
0.50%	5-year CD	60 Month Plus CD 2.35% - Synchrony Bank 60 Month CD
0.15%	1-year CD	12 - 17 Month CD 1.40% - Goldman Sachs Bank USA 12 Month CD
0.02%	Savings	Savings Account 1.05% - Barclays Online Savings Account

View all Mechanics and Farmers Bank rates »

Overview / Commentary

www.mfbonline.com

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

B

Data as of Q4 2016

Learn why bank health matters

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 Established	1908
Employees	63
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	-1.27%
Return on Equity - YTD	-11.6%
Annual Interest Income	$9.6MM

Assets and Liabilities
Assets	Q4 2016vs Q4 2015	$256.2MM$298.0MM
Loans	Q4 2016vs Q4 2015	$147.9MM$161.4MM
Deposits	Q4 2016vs Q4 2015	$229.6MM$254.9MM
Equity Capital	Q4 2016vs Q4 2015	$21.7MM$35.6MM
Loan Loss Allowance	Q4 2016vs Q4 2015	$2.4MM$3.4MM
Unbacked Noncurrent Loans	Q4 2016vs Q4 2015	$3.0MM$5.4MM
Real Estate Owned	Q4 2016vs Q4 2015	$367.00K$2.8MM

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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.09%^*	$25k^*	-	Money Market Investment
OTHER TIERS: 0.04% → $2k - $10k \| 0.05% → $10k - $25k

Mechanics and Farmers Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.10%	$1k	-	Commercial N.O.W. Accounts
0.10%	$1k	-	Public Funds Commercial N.O.W. Accounts
0.05%	$1k	-	Prestige Gold Checking Account
0.05%	$1k	-	Prestige Silver 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

APY	MIN	MAX	ACCOUNT NAME
0.50%	$1k	-	60 Month Plus CD
0.50%	$1k	-	Business 60 Month Plus CD
0.45%^*	$10k^*	-	48 - 59 Month CD
OTHER TIERS: 0.40% → $1k - $10k
0.45%^*	$10k^*	-	Business 48 - 59 Month CD
OTHER TIERS: 0.40% → $1k - $10k
0.40%^*	$10k^*	-	36 - 47 Month CD
OTHER TIERS: 0.30% → $1k - $10k
0.40%^*	$10k^*	-	Business 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
0.25%^*	$50k^*	-	Business 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
0.15%^*	$10k^*	-	Business 12 - 17 Month CD
OTHER TIERS: 0.10% → $1k - $10k
0.15%^*	$10k^*	-	Business 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
0.13%^*	$100k^*	-	Business 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
0.12%^*	$100k^*	-	Business 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
0.08%^*	$100k^*	-	Business 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
0.03%^*	$10k^*	-	Business 7 - 31 Day CD
OTHER TIERS: 0.02% → $1k - $10k
0.03%^*	$10k^*	-	Business 32 - 89 Day CD
OTHER TIERS: 0.02% → $1k - $10k

Mechanics and Farmers Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.25%	$1k	-	18 Month Variable IRA

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 28208
Mechanics & Farmers Bank	116 West Parrish Street	Durham, NC 27702
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