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Mechanics and Farmers Bank

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
0.50%5-year CD60 Month Plus CD
2.35% - Synchrony Bank 60 Month CDAdvertisement
0.15%1-year CD12 - 17 Month CD
1.40% - Synchrony Bank 12 Month CDAdvertisement
0.02%SavingsSavings Account
1.20% - Goldman Sachs Bank USA Online SavingsAdvertisement
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 Q1 2017

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #12266
Year Established1908
Employees62
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.06%
Return on Equity - YTD0.75%
Annual Interest Income$2.2MM
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$267.7MM$304.3MM
LoansQ1 2017vs Q1 2016$153.8MM$157.3MM
DepositsQ1 2017vs Q1 2016$241.3MM$263.1MM
Equity CapitalQ1 2017vs Q1 2016$21.8MM$35.6MM
Loan Loss AllowanceQ1 2017vs Q1 2016$2.4MM$3.4MM
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$1.8MM$4.6MM
Real Estate OwnedQ1 2017vs Q1 2016$0$2.5MM
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
0.09%*$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
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$1k-18 Month Variable IRA
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