Overview / Commentary
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
Health
B+
Data as of Q3 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 12266 |
| Year Established | 1908 |
| Employees | 70 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.23% |
| Return on Equity - YTD | 3.15% |
| Annual Interest Income | $7.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2018vs Q3 2017 | $262.1MM$268.1MM |
| Loans | Q3 2018vs Q3 2017 | $167.0MM$152.3MM |
| Deposits | Q3 2018vs Q3 2017 | $238.9MM$241.7MM |
| Equity Capital | Q3 2018vs Q3 2017 | $18.8MM$22.0MM |
| Loan Loss Allowance | Q3 2018vs Q3 2017 | $2.1MM$2.9MM |
| Unbacked Noncurrent Loans | Q3 2018vs Q3 2017 | $1.3MM$4.0MM |
| Real Estate Owned | Q3 2018vs Q3 2017 | $0$154.00K |
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Always verify rates and promotions with the bank or credit union. We are not Mechanics and Farmers Bank; 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.
Mechanics and Farmers Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.05%* | - | $10k | Dash Checking | ||
| OTHER TIERS: 0.25% → $10k+ | |||||
Mechanics and Farmers Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.25% | $1k | $250k | 17 Month CD Special promotion (New Money Only) |
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 |